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Airtech Japan (TSE:6291) Cyclically Adjusted PB Ratio : 0.97 (As of May. 24, 2024)


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What is Airtech Japan Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Airtech Japan's current share price is 円1174.00. Airtech Japan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円1,210.74. Airtech Japan's Cyclically Adjusted PB Ratio for today is 0.97.

The historical rank and industry rank for Airtech Japan's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:6291' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.99   Max: 1.73
Current: 0.96

During the past years, Airtech Japan's highest Cyclically Adjusted PB Ratio was 1.73. The lowest was 0.55. And the median was 0.99.

TSE:6291's Cyclically Adjusted PB Ratio is ranked better than
74.87% of 2081 companies
in the Industrial Products industry
Industry Median: 1.85 vs TSE:6291: 0.96

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Airtech Japan's adjusted book value per share data for the three months ended in Mar. 2024 was 円1,325.722. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is 円1,210.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Airtech Japan Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Airtech Japan's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Airtech Japan Cyclically Adjusted PB Ratio Chart

Airtech Japan Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 1.52 1.10 0.93 1.02

Airtech Japan Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 1.03 1.10 1.02 0.99

Competitive Comparison of Airtech Japan's Cyclically Adjusted PB Ratio

For the Pollution & Treatment Controls subindustry, Airtech Japan's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Airtech Japan's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtech Japan's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Airtech Japan's Cyclically Adjusted PB Ratio falls into.



Airtech Japan Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Airtech Japan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1174.00/1210.74
=0.97

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Airtech Japan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Airtech Japan's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1325.722/107.2000*107.2000
=1,325.722

Current CPI (Mar. 2024) = 107.2000.

Airtech Japan Quarterly Data

Book Value per Share CPI Adj_Book
201406 976.021 98.000 1,067.647
201409 977.958 98.500 1,064.336
201412 976.763 97.900 1,069.550
201503 968.517 97.900 1,060.521
201506 982.269 98.400 1,070.114
201509 985.585 98.500 1,072.637
201512 998.516 98.100 1,091.141
201603 990.301 97.900 1,084.375
201606 989.271 98.100 1,081.038
201609 998.269 98.000 1,091.984
201612 1,028.610 98.400 1,120.600
201703 1,016.464 98.100 1,110.754
201706 1,041.048 98.500 1,132.998
201709 1,056.502 98.800 1,146.326
201712 1,076.085 99.400 1,160.526
201803 1,059.358 99.200 1,144.790
201806 1,077.311 99.200 1,164.191
201809 1,080.212 99.900 1,159.146
201812 1,102.512 99.700 1,185.449
201903 1,091.658 99.700 1,173.779
201906 1,115.570 99.800 1,198.288
201909 1,125.277 100.100 1,205.092
201912 1,130.758 100.500 1,206.142
202003 1,096.008 100.300 1,171.406
202006 1,109.727 99.900 1,190.818
202009 1,143.684 99.900 1,227.257
202012 1,177.844 99.300 1,271.550
202103 1,226.566 99.900 1,316.195
202106 1,259.036 99.500 1,356.469
202109 1,284.030 100.100 1,375.105
202112 1,296.596 100.100 1,388.562
202203 1,264.987 101.100 1,341.312
202206 1,296.507 101.800 1,365.280
202209 1,320.859 103.100 1,373.386
202212 1,352.294 104.100 1,392.564
202303 1,320.241 104.400 1,355.650
202306 1,349.599 105.200 1,375.257
202309 1,362.689 106.200 1,375.520
202312 1,360.945 106.800 1,366.042
202403 1,325.722 107.200 1,325.722

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Airtech Japan  (TSE:6291) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Airtech Japan Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Airtech Japan's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Airtech Japan (TSE:6291) Business Description

Traded in Other Exchanges
N/A
Address
No. 14, Iriya 1 - chome, Taito-ku, Tokyo, JPN, 110-8686
Airtech Japan Ltd is engaged as a manufacturer of clean air system, manufacture and sell clean room, clean bench, and biohazard system. The products of the company include sterile operating room, dust removal air shower, double air shower, and air knife type pass box.

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