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JHSF Participacoes (BSP:JHSF3) Cyclically Adjusted PB Ratio : 0.65 (As of Apr. 30, 2024)


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What is JHSF Participacoes Cyclically Adjusted PB Ratio?

As of today (2024-04-30), JHSF Participacoes's current share price is R$4.43. JHSF Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$6.85. JHSF Participacoes's Cyclically Adjusted PB Ratio for today is 0.65.

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

BSP:JHSF3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.82   Max: 1.95
Current: 0.63

During the past years, JHSF Participacoes's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 0.23. And the median was 0.82.

BSP:JHSF3's Cyclically Adjusted PB Ratio is ranked better than
51.81% of 1299 companies
in the Real Estate industry
Industry Median: 0.66 vs BSP:JHSF3: 0.63

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.

JHSF Participacoes's adjusted book value per share data for the three months ended in Dec. 2023 was R$7.090. 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 R$6.85 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


JHSF Participacoes Cyclically Adjusted PB Ratio Historical Data

The historical data trend for JHSF Participacoes'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.

JHSF Participacoes Cyclically Adjusted PB Ratio Chart

JHSF Participacoes 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 1.42 1.45 0.92 0.77 0.81

JHSF Participacoes 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 0.77 0.55 0.75 0.69 0.81

Competitive Comparison of JHSF Participacoes's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, JHSF Participacoes'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.


JHSF Participacoes's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, JHSF Participacoes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



JHSF Participacoes 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.

JHSF Participacoes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.43/6.85
=0.65

* 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.

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

For example, JHSF Participacoes'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)
=7.09/156.2729*156.2729
=7.090

Current CPI (Dec. 2023) = 156.2729.

JHSF Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.133 90.447 8.869
201406 5.126 91.838 8.722
201409 5.201 92.602 8.777
201412 5.251 94.194 8.712
201503 5.431 97.799 8.678
201506 4.765 100.006 7.446
201509 4.888 101.392 7.534
201512 5.039 104.247 7.554
201603 4.953 106.979 7.235
201606 4.826 108.851 6.929
201609 4.690 109.986 6.664
201612 4.087 110.802 5.764
201703 4.168 111.869 5.822
201706 4.155 112.115 5.792
201709 4.090 112.777 5.667
201712 4.037 114.068 5.531
201803 4.013 114.868 5.460
201806 3.999 117.038 5.340
201809 4.221 117.881 5.596
201812 4.233 118.340 5.590
201903 4.240 120.124 5.516
201906 4.230 120.977 5.464
201909 4.364 121.292 5.623
201912 4.724 123.436 5.981
202003 4.673 124.092 5.885
202006 5.059 123.557 6.399
202009 5.575 125.095 6.964
202012 5.474 129.012 6.631
202103 5.732 131.660 6.804
202106 6.211 133.871 7.250
202109 6.520 137.913 7.388
202112 6.304 141.992 6.938
202203 6.779 146.537 7.229
202206 7.114 149.784 7.422
202209 7.335 147.800 7.756
202212 7.018 150.207 7.301
202303 7.419 153.352 7.560
202306 7.429 154.519 7.513
202309 7.435 155.464 7.474
202312 7.090 156.273 7.090

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.


JHSF Participacoes  (BSP:JHSF3) 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.


JHSF Participacoes Cyclically Adjusted PB Ratio Related Terms

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


JHSF Participacoes (BSP:JHSF3) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Magalhaes de Castro, 4.800 Torre 3 Continental Tower – 27th floor, Sao Paulo, SP, BRA, 05502-001
JHSF Participacoes SA is a real estate company. The company is involved in in the development, purchase and sale, as well as lease of residential and commercial properties; the construction and operation of shopping centers; the provision of administration and contract management services, and the operation of hotels and tourist activities. JHSF has four segments of business: Recurring income, Real estate business and airport, Hotels and restaurants and Main administrative office.

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