GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sekisui House Ltd (OTCPK:SKHSY) » Definitions » Cyclically Adjusted PB Ratio

Sekisui House (Sekisui House) Cyclically Adjusted PB Ratio : 1.71 (As of Apr. 27, 2024)


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

What is Sekisui House Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Sekisui House's current share price is $22.85. Sekisui House's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $13.36. Sekisui House's Cyclically Adjusted PB Ratio for today is 1.71.

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

SKHSY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.44   Max: 1.8
Current: 1.7

During the past years, Sekisui House's highest Cyclically Adjusted PB Ratio was 1.80. The lowest was 1.11. And the median was 1.44.

SKHSY's Cyclically Adjusted PB Ratio is ranked worse than
55.84% of 77 companies
in the Homebuilding & Construction industry
Industry Median: 1.42 vs SKHSY: 1.70

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.

Sekisui House's adjusted book value per share data for the three months ended in Jan. 2024 was $18.511. 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 $13.36 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sekisui House Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sekisui House'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.

Sekisui House Cyclically Adjusted PB Ratio Chart

Sekisui House Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.32 1.42 1.35 1.69

Sekisui House 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 1.35 1.51 1.53 1.51 1.69

Competitive Comparison of Sekisui House's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, Sekisui House'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.


Sekisui House's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sekisui House's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sekisui House 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.

Sekisui House's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.85/13.36
=1.71

* 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.

Sekisui House's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Sekisui House'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)
=18.511/106.9000*106.9000
=18.511

Current CPI (Jan. 2024) = 106.9000.

Sekisui House Quarterly Data

Book Value per Share CPI Adj_Book
201404 13.153 97.700 14.392
201407 13.550 98.100 14.765
201410 12.997 98.200 14.148
201501 12.924 97.800 14.127
201504 12.528 98.400 13.610
201507 12.388 98.300 13.472
201510 12.444 98.500 13.505
201601 12.770 97.700 13.972
201604 13.377 98.100 14.577
201607 13.844 97.900 15.117
201610 13.884 98.600 15.053
201701 13.928 98.200 15.162
201704 14.794 98.500 16.056
201707 14.993 98.300 16.305
201710 15.099 98.800 16.337
201801 15.628 99.500 16.790
201804 15.636 99.100 16.867
201807 15.551 99.200 16.758
201810 15.318 100.200 16.342
201901 15.785 99.700 16.925
201904 15.450 100.000 16.516
201907 16.368 99.800 17.532
201910 16.475 100.400 17.542
202001 16.963 100.500 18.043
202004 16.811 100.200 17.935
202007 17.556 100.000 18.767
202010 17.854 99.800 19.124
202101 18.777 99.800 20.113
202104 18.504 99.100 19.960
202107 18.812 99.700 20.171
202110 18.465 99.900 19.759
202201 19.026 100.300 20.278
202204 17.946 101.500 18.901
202207 17.655 102.300 18.449
202210 16.716 103.700 17.232
202301 18.901 104.700 19.298
202304 18.567 105.100 18.885
202307 18.751 105.700 18.964
202310 17.842 107.100 17.809
202401 18.511 106.900 18.511

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.


Sekisui House  (OTCPK:SKHSY) 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.


Sekisui House Cyclically Adjusted PB Ratio Related Terms

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


Sekisui House (Sekisui House) Business Description

Traded in Other Exchanges
Address
Tower East Umeda Sky Building, 1-88 Oyodonaka 1-chome, Kita-ku, Osaka, JPN, 531-0076
Sekisui House Ltd is a Japanese construction company that focuses on residential construction. It is one of the world's largest international homebuilders and operates in Japan, China, Singapore, Australia, and the United States. Sekisui House is involved in constructing single-family detached housing and multi-unit residential housing, condominium development, and urban redevelopment. The company uses eco-friendly features in its construction projects such as solar panels and sustainable material usage. The majority of revenue for the company is derived from its detached-housing projects, followed by rental and condominium construction.

Sekisui House (Sekisui House) Headlines