GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daiwa Industries Ltd (OTCPK:DAWIF) » Definitions » Cyclically Adjusted PB Ratio

Daiwa Industries (Daiwa Industries) Cyclically Adjusted PB Ratio : 1.22 (As of Apr. 28, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Daiwa Industries Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Daiwa Industries's current share price is $9.95. Daiwa Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.15. Daiwa Industries's Cyclically Adjusted PB Ratio for today is 1.22.

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

DAWIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.11   Max: 1.68
Current: 1.26

During the past years, Daiwa Industries's highest Cyclically Adjusted PB Ratio was 1.68. The lowest was 0.78. And the median was 1.11.

DAWIF's Cyclically Adjusted PB Ratio is ranked better than
66.38% of 1996 companies
in the Industrial Products industry
Industry Median: 1.72 vs DAWIF: 1.26

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.

Daiwa Industries's adjusted book value per share data for the three months ended in Dec. 2023 was $9.044. 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 $8.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa Industries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Daiwa Industries'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.

Daiwa Industries Cyclically Adjusted PB Ratio Chart

Daiwa Industries 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 1.18 0.98 1.12 0.94 1.20

Daiwa Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.94 1.14 1.12 1.11 1.20

Competitive Comparison of Daiwa Industries's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Daiwa Industries'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.


Daiwa Industries's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Daiwa Industries 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.

Daiwa Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.95/8.15
=1.22

* 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.

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

For example, Daiwa Industries'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)
=9.044/106.8000*106.8000
=9.044

Current CPI (Dec. 2023) = 106.8000.

Daiwa Industries Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.159 95.700 10.221
201406 9.359 98.000 10.199
201409 9.053 98.500 9.816
201412 8.246 97.900 8.996
201503 8.209 97.900 8.955
201506 8.192 98.400 8.891
201509 8.624 98.500 9.351
201512 8.627 98.100 9.392
201603 9.363 97.900 10.214
201606 10.286 98.100 11.198
201609 10.874 98.000 11.850
201612 9.660 98.400 10.485
201703 9.998 98.100 10.885
201706 10.389 98.500 11.264
201709 10.593 98.800 11.451
201712 10.490 99.400 11.271
201803 11.202 99.200 12.060
201806 10.994 99.200 11.836
201809 11.024 99.900 11.785
201812 11.091 99.700 11.881
201903 11.115 99.700 11.907
201906 11.656 99.800 12.474
201909 11.845 100.100 12.638
201912 11.772 100.500 12.510
202003 11.806 100.300 12.571
202006 11.973 99.900 12.800
202009 12.423 99.900 13.281
202012 12.779 99.300 13.744
202103 12.214 99.900 13.058
202106 12.289 99.500 13.191
202109 12.400 100.100 13.230
202112 12.010 100.100 12.814
202203 9.751 101.100 10.301
202206 8.821 101.800 9.254
202209 8.359 103.100 8.659
202212 9.039 104.100 9.273
202303 9.177 104.400 9.388
202306 8.906 105.200 9.041
202309 8.669 106.200 8.718
202312 9.044 106.800 9.044

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.


Daiwa Industries  (OTCPK:DAWIF) 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.


Daiwa Industries Cyclically Adjusted PB Ratio Related Terms

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


Daiwa Industries (Daiwa Industries) Business Description

Traded in Other Exchanges
Address
3-13 Obase-cho, Daiwa Reiki Uehonmachi DRK Building, Tennoji-ward, Osaka, JPN, 543-0028
Daiwa Industries Ltd is a Japanese company that primarily manufactures, sells, and leases freezers, refrigerators, showcases, ice machines, vending machines, cold-applied products, kitchen equipment, equipment, and parts. The company is also involved in planning, designing, and construction of stores and kitchens. Other business activities of the company include construction work and power generation.

Daiwa Industries (Daiwa Industries) Headlines

From GuruFocus

Daiwa Industries Ltd: A (Very) Profitable Japanese Net-Net

By Jerry Zhao Jerry Zhao 05-15-2012