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Fast Retailing Co (Fast Retailing Co) Cyclically Adjusted PB Ratio : 11.14 (As of Apr. 29, 2024)


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What is Fast Retailing Co Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Fast Retailing Co's current share price is $26.519. Fast Retailing Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $2.38. Fast Retailing Co's Cyclically Adjusted PB Ratio for today is 11.14.

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

FRCOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.12   Med: 9.49   Max: 15.18
Current: 11.59

During the past years, Fast Retailing Co's highest Cyclically Adjusted PB Ratio was 15.18. The lowest was 6.12. And the median was 9.49.

FRCOY's Cyclically Adjusted PB Ratio is ranked worse than
94.71% of 719 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs FRCOY: 11.59

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.

Fast Retailing Co's adjusted book value per share data for the three months ended in Feb. 2024 was $4.376. 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 $2.38 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fast Retailing Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fast Retailing 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.

Fast Retailing Co Cyclically Adjusted PB Ratio Chart

Fast Retailing Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.02 9.32 9.69 9.45 10.04

Fast Retailing 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 8.68 10.17 10.04 10.82 12.11

Competitive Comparison of Fast Retailing Co's Cyclically Adjusted PB Ratio

For the Apparel Retail subindustry, Fast Retailing 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.


Fast Retailing Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fast Retailing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fast Retailing 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.519/2.38
=11.14

* 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.

Fast Retailing Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Fast Retailing Co's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=4.376/106.9000*106.9000
=4.376

Current CPI (Feb. 2024) = 106.9000.

Fast Retailing Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 1.965 98.100 2.141
201408 1.965 98.300 2.137
201411 2.144 97.900 2.341
201502 2.150 97.600 2.355
201505 2.221 98.700 2.406
201508 1.996 98.400 2.168
201511 2.078 98.100 2.264
201602 1.957 97.800 2.139
201605 2.009 98.200 2.187
201608 1.855 97.900 2.026
201611 2.142 98.600 2.322
201702 2.133 98.100 2.324
201705 2.131 98.600 2.310
201708 2.178 98.500 2.364
201711 2.336 99.100 2.520
201802 2.412 99.500 2.591
201805 2.498 99.300 2.689
201808 2.540 99.800 2.721
201811 2.700 100.000 2.886
201902 2.845 99.700 3.050
201905 2.863 100.000 3.061
201908 2.887 100.000 3.086
201911 2.966 100.500 3.155
202002 3.028 100.300 3.227
202005 2.950 100.100 3.150
202008 2.946 100.100 3.146
202011 3.118 99.500 3.350
202102 3.272 99.800 3.505
202105 3.332 99.400 3.583
202108 3.317 99.700 3.557
202111 3.487 100.100 3.724
202202 3.607 100.700 3.829
202205 3.648 101.800 3.831
202208 3.765 102.700 3.919
202211 3.585 103.900 3.689
202302 3.927 104.000 4.037
202305 4.033 105.100 4.102
202308 4.102 105.900 4.141
202311 4.100 106.900 4.100
202402 4.376 106.900 4.376

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.


Fast Retailing Co  (OTCPK:FRCOY) 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.


Fast Retailing Co Cyclically Adjusted PB Ratio Related Terms

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


Fast Retailing Co (Fast Retailing Co) Business Description

Traded in Other Exchanges
Address
10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894
Fast Retailing Co Ltd is Japan's apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).

Fast Retailing Co (Fast Retailing Co) Headlines

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