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H.I.S. Co (TSE:9603) Cyclically Adjusted PB Ratio : 1.34 (As of May. 26, 2024)


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What is H.I.S. Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), H.I.S. Co's current share price is 円1691.00. H.I.S. Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was 円1,264.15. H.I.S. Co's Cyclically Adjusted PB Ratio for today is 1.34.

The historical rank and industry rank for H.I.S. Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:9603' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.63   Max: 3.59
Current: 1.34

During the past years, H.I.S. Co's highest Cyclically Adjusted PB Ratio was 3.59. The lowest was 0.89. And the median was 1.63.

TSE:9603's Cyclically Adjusted PB Ratio is ranked better than
50.84% of 596 companies
in the Travel & Leisure industry
Industry Median: 1.405 vs TSE:9603: 1.34

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.

H.I.S. Co's adjusted book value per share data for the three months ended in Jan. 2024 was 円713.821. 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1,264.15 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


H.I.S. Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for H.I.S. 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.

H.I.S. Co Cyclically Adjusted PB Ratio Chart

H.I.S. Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 1.05 1.93 1.57 1.32

H.I.S. Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.62 1.58 1.59 1.32 1.42

Competitive Comparison of H.I.S. Co's Cyclically Adjusted PB Ratio

For the Travel Services subindustry, H.I.S. 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.


H.I.S. Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, H.I.S. Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H.I.S. Co's Cyclically Adjusted PB Ratio falls into.



H.I.S. 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.

H.I.S. Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1691.00/1264.15
=1.34

* 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.

H.I.S. Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, H.I.S. Co's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=713.821/106.9000*106.9000
=713.821

Current CPI (Jan. 2024) = 106.9000.

H.I.S. Co Quarterly Data

Book Value per Share CPI Adj_Book
201404 1,286.239 97.700 1,407.359
201407 1,292.931 98.100 1,408.913
201410 1,366.024 98.200 1,487.046
201501 1,418.824 97.800 1,550.841
201504 1,448.939 98.400 1,574.101
201507 1,481.276 98.300 1,610.869
201510 1,534.763 98.500 1,665.646
201601 1,468.239 97.700 1,606.497
201604 1,370.829 98.100 1,493.798
201607 1,226.154 97.900 1,338.875
201610 1,296.599 98.600 1,405.745
201701 1,360.201 98.200 1,480.708
201704 1,432.998 98.500 1,555.203
201707 1,353.639 98.300 1,472.065
201710 1,470.427 98.800 1,590.978
201801 1,410.707 99.500 1,515.624
201804 1,438.205 99.100 1,551.404
201807 1,442.964 99.200 1,554.968
201810 1,547.492 100.200 1,650.967
201901 1,558.912 99.700 1,671.491
201904 1,560.353 100.000 1,668.017
201907 1,633.828 99.800 1,750.062
201910 1,686.211 100.400 1,795.378
202001 1,686.194 100.500 1,793.574
202004 1,570.530 100.200 1,675.545
202007 1,286.339 100.000 1,375.096
202010 1,180.748 99.800 1,264.749
202101 1,056.807 99.800 1,131.991
202104 899.713 99.100 970.528
202107 823.192 99.700 882.640
202110 582.251 99.900 623.049
202201 548.670 100.300 584.774
202204 309.702 101.500 326.179
202207 296.245 102.300 309.566
202210 646.611 103.700 666.564
202301 649.018 104.700 662.655
202304 552.699 105.100 562.165
202307 556.001 105.700 562.313
202310 655.583 107.100 654.359
202401 713.821 106.900 713.821

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.


H.I.S. Co  (TSE:9603) 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.


H.I.S. Co Cyclically Adjusted PB Ratio Related Terms

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H.I.S. Co (TSE:9603) Business Description

Traded in Other Exchanges
Address
6-8-1 Nishishinjuku, Shinjuku Oak Tower 29F, Shinjuku-ku, Tokyo, JPN, 163-6029
H.I.S. Co Ltd is a Japanese tourism and leisure company. The company organises itself into six segments: travel business, Huis Ten Bosch Group, hotel business, transportation business, The Kyushu Sanko Group, and other business. The travel business segment, which contributes the vast majority of company revenue, includes the company's domestic and international travel agency operations including tours, cruises, honeymoons, and airline tickets. The Huis Ten Bosch Group, the second- largest contributor to company revenue, includes H.I.S.'s theme and water park operations. The company earns the majority of its revenue within Japan.

H.I.S. Co (TSE:9603) Headlines

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