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NOMURA Co (TSE:9716) Cyclically Adjusted PB Ratio : 2.16 (As of May. 23, 2024)


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What is NOMURA Co Cyclically Adjusted PB Ratio?

As of today (2024-05-23), NOMURA Co's current share price is 円821.00. NOMURA Co's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 was 円380.96. NOMURA Co's Cyclically Adjusted PB Ratio for today is 2.16.

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

TSE:9716' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.18   Med: 2.85   Max: 5.99
Current: 2.19

During the past years, NOMURA Co's highest Cyclically Adjusted PB Ratio was 5.99. The lowest was 2.18. And the median was 2.85.

TSE:9716's Cyclically Adjusted PB Ratio is ranked worse than
73.8% of 1210 companies
in the Construction industry
Industry Median: 1.12 vs TSE:9716: 2.19

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.

NOMURA Co's adjusted book value per share data for the three months ended in Nov. 2023 was 円437.727. 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380.96 for the trailing ten years ended in Nov. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


NOMURA Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NOMURA 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.

NOMURA Co Cyclically Adjusted PB Ratio Chart

NOMURA Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.38 2.65 2.81 2.48 -

NOMURA Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.48 2.54 2.29 2.20 -

Competitive Comparison of NOMURA Co's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, NOMURA 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.


NOMURA Co's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, NOMURA Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



NOMURA 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=821.00/380.96
=2.16

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=437.727/106.9000*106.9000
=437.727

Current CPI (Nov. 2023) = 106.9000.

NOMURA Co Quarterly Data

Book Value per Share CPI Adj_Book
201402 246.780 95.500 276.239
201405 249.306 98.100 271.670
201408 253.359 98.300 275.525
201411 266.616 97.900 291.126
201502 269.546 97.600 295.230
201505 268.539 98.700 290.849
201508 270.975 98.400 294.382
201511 278.120 98.100 303.069
201602 284.171 97.800 310.612
201605 283.191 98.200 308.280
201608 288.117 97.900 314.604
201611 305.894 98.600 331.644
201702 316.967 98.100 345.400
201705 312.401 98.600 338.698
201708 321.542 98.500 348.963
201711 332.668 99.100 358.852
201802 353.466 99.500 379.754
201805 334.924 99.300 360.558
201808 354.580 99.800 379.806
201811 370.758 100.000 396.340
201902 389.048 99.700 417.144
201905 376.995 100.000 403.008
201908 399.734 100.000 427.316
201911 411.220 100.500 437.407
202002 429.303 100.300 457.552
202005 404.291 100.100 431.755
202008 408.596 100.100 436.353
202011 402.817 99.500 432.775
202102 426.904 99.800 457.275
202105 403.482 99.400 433.926
202108 410.645 99.700 440.300
202111 424.046 100.100 452.852
202202 437.238 100.700 464.158
202205 417.863 101.800 438.797
202208 426.747 102.700 444.199
202211 432.172 103.900 444.650
202302 440.116 104.000 452.388
202305 415.325 105.100 422.438
202308 430.742 105.900 434.809
202311 437.727 106.900 437.727

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.


NOMURA Co  (TSE:9716) 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.


NOMURA Co Cyclically Adjusted PB Ratio Related Terms

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


NOMURA Co (TSE:9716) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-3-4 Daiba, Minato-ku, Tokyo, JPN, 135-8622
Nomura is a Japan-based company that is mainly engaged in the display business. The company provides consultancy, planning, designing, layout, creation, and construction services to help facilities attract visitors. In addition, it provides revitalization, operation, and management services for facilities and events. The facilities and event types that Nomura serves comprise retail shops, restaurants, medical facilities, department stores, commercial complexes, showrooms, company museums, museums, archives, art galleries, hotels, wedding halls, theme parks, amusement parks, sports facilities, sales promotion exhibitions and campaigns, expos, trade fairs, conference events, and so on. The company generates most of its sales from the Japanese domestic market.

NOMURA Co (TSE:9716) Headlines

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