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Toshiba (Toshiba) Cyclically Adjusted PB Ratio : (As of May. 16, 2024)


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What is Toshiba Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Toshiba Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toshiba'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.

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Toshiba Cyclically Adjusted PB Ratio Chart

Toshiba Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00

Toshiba Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00

Competitive Comparison of Toshiba's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Toshiba'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.


Toshiba's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



Toshiba 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.

Toshiba's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=59663835.714/106.2000*106.2000
=59,663,835.714

Current CPI (Sep. 2023) = 106.2000.

Toshiba Quarterly Data

Book Value per Share CPI Adj_Book
201312 13.117 95.600 14.571
201403 11.153 95.700 12.377
201406 13.164 98.000 14.265
201409 13.402 98.500 14.450
201412 13.284 97.900 14.410
201503 10.005 97.900 10.853
201506 9.873 98.400 10.656
201509 9.451 98.500 10.190
201512 4.819 98.100 5.217
201603 3.236 97.900 3.510
201606 3.545 98.100 3.838
201609 3.966 98.000 4.298
201612 -2.162 98.400 -2.333
201703 -5.442 98.100 -5.891
201706 -5.052 98.500 -5.447
201709 -6.217 98.800 -6.683
201712 -246,207.143 99.400 -263,050.288
201803 52,748,614.286 99.200 56,470,794.730
201806 120,832,771.429 99.200 129,359,277.477
201809 123,447,300.000 99.900 131,232,264.865
201812 100,993,728.571 99.700 107,578,073.964
201903 93,614,400.000 99.700 99,717,645.737
201906 79,253,371.429 99.800 84,335,751.962
201909 70,209,221.429 100.100 74,487,705.452
201912 65,791,528.571 100.500 69,522,988.400
202003 62,348,550.000 100.300 66,016,111.765
202006 60,926,378.571 99.900 64,768,582.625
202009 63,287,028.571 99.900 67,278,102.445
202012 67,333,557.143 99.300 72,012,323.954
202103 76,524,092.857 99.900 81,349,936.551
202106 74,636,157.143 99.500 79,661,908.428
202109 67,768,864.286 100.100 71,898,635.236
202112 68,895,221.429 100.100 73,093,631.526
202203 72,685,135.714 101.100 76,351,744.934
202206 65,142,885.714 101.800 67,958,491.776
202209 62,106,000.000 103.100 63,973,396.702
202212 62,934,321.429 104.100 64,203,889.873
202303 66,658,521.429 104.400 67,807,806.281
202306 63,047,021.429 105.200 63,646,327.716
202309 59,663,835.714 106.200 59,663,835.714

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.


Toshiba  (OTCPK:TOSYY) 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.


Toshiba Cyclically Adjusted PB Ratio Related Terms

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


Toshiba (Toshiba) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-1, Shibaura 1-chome, Minato-ku, Tokyo, JPN, 105-8001
Founded in 1875, Toshiba is Japan's largest semiconductor manufacturer and its second-largest diversified industrial conglomerate. After the accounting scandal in 2015, Toshiba reorganized into six major segments: energy systems and solutions; infrastructure systems and solutions; building solutions; retail and printing solutions; storage and electronic devices solutions; and digital solutions. Toshiba is the second-largest manufacturer of NAND flash memory with a market share of 16.5% in 2017, and it concentrates business resources in this area.