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Nippon Avionics Co (TSE:6946) Cyclically Adjusted PB Ratio : 2.62 (As of Jun. 09, 2024)


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What is Nippon Avionics Co Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Nippon Avionics Co's current share price is 円8580.00. Nippon Avionics Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円3,272.31. Nippon Avionics Co's Cyclically Adjusted PB Ratio for today is 2.62.

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

TSE:6946' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.93   Max: 3.86
Current: 2.62

During the past years, Nippon Avionics Co's highest Cyclically Adjusted PB Ratio was 3.86. The lowest was 0.31. And the median was 0.93.

TSE:6946's Cyclically Adjusted PB Ratio is ranked worse than
61.16% of 2173 companies
in the Industrial Products industry
Industry Median: 1.89 vs TSE:6946: 2.62

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.

Nippon Avionics Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円3,928.516. 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3,272.31 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Avionics Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nippon Avionics Co'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.

Nippon Avionics Co Cyclically Adjusted PB Ratio Chart

Nippon Avionics Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 1.13 1.05 1.39 -

Nippon Avionics Co 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 1.39 1.63 2.22 2.51 -

Competitive Comparison of Nippon Avionics Co's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Nippon Avionics Co'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.


Nippon Avionics Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Nippon Avionics Co's Cyclically Adjusted PB Ratio falls into.



Nippon Avionics Co 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.

Nippon Avionics Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8580.00/3272.31
=2.62

* 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.

Nippon Avionics Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Nippon Avionics Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3928.516/106.8000*106.8000
=3,928.516

Current CPI (Dec. 2023) = 106.8000.

Nippon Avionics Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,056.846 95.700 2,295.414
201406 1,964.463 98.000 2,140.864
201409 2,102.506 98.500 2,279.671
201412 2,055.076 97.900 2,241.901
201503 2,466.815 97.900 2,691.071
201506 2,284.167 98.400 2,479.157
201509 2,415.490 98.500 2,619.029
201512 2,305.405 98.100 2,509.860
201603 2,399.731 97.900 2,617.888
201606 2,423.803 98.100 2,638.758
201609 3,120.464 98.000 3,400.669
201612 2,954.087 98.400 3,206.265
201703 2,896.945 98.100 3,153.861
201706 2,705.420 98.500 2,933.389
201709 3,128.474 98.800 3,381.792
201712 3,044.925 99.400 3,271.610
201803 3,179.115 99.200 3,422.676
201806 2,907.965 99.200 3,130.753
201809 2,898.407 99.900 3,098.597
201812 2,795.752 99.700 2,994.848
201903 3,195.752 99.700 3,423.333
201906 3,101.593 99.800 3,319.140
201909 3,075.833 100.100 3,281.708
201912 3,022.716 100.500 3,212.200
202003 3,235.127 100.300 3,444.781
202006 3,160.057 99.900 3,378.319
202009 3,302.408 99.900 3,530.502
202012 3,396.246 99.300 3,652.760
202103 3,645.538 99.900 3,897.332
202106 3,358.003 99.500 3,604.369
202109 3,593.484 100.100 3,834.007
202112 3,672.450 100.100 3,918.258
202203 3,809.271 101.100 4,024.037
202206 3,778.537 101.800 3,964.123
202209 3,980.801 103.100 4,123.662
202212 4,127.097 104.100 4,234.140
202303 3,818.370 104.400 3,906.149
202306 3,817.380 105.200 3,875.439
202309 3,810.191 106.200 3,831.718
202312 3,928.516 106.800 3,928.516

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.


Nippon Avionics Co  (TSE:6946) 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.


Nippon Avionics Co Cyclically Adjusted PB Ratio Related Terms

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Nippon Avionics Co (TSE:6946) Business Description

Traded in Other Exchanges
Address
Gotanda Kowa Building, 8-1-5, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031
Nippon Avionics Co Ltd is a manufacturer of electronics equipment. The company is organized into three major business segments - Information System, Joining Equipment, and Infrared Thermography. Information System business provides device products and packaging technologies adopted for the development, manufacture and maintenance of various defence system equipment. The Micro Joining Equipment business active in the manufacture of electronic equipment and electronic parts. It offers a wide range of solutions including welding, soldering, thermocompression bonding, thermal caulking, sealing and ultrasonic bonding. The Infrared Thermography business develops, manufactures and sells infrared thermography camera that visualizes heat.

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