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Panasonic Holdings (BUE:PCRFY) Cyclically Adjusted PB Ratio : 1.35 (As of Jun. 22, 2024)


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What is Panasonic Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-22), Panasonic Holdings's current share price is ARS4.44. Panasonic Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS3.28. Panasonic Holdings's Cyclically Adjusted PB Ratio for today is 1.35.

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

BUE:PCRFY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.23   Max: 1.85
Current: 1.22

During the past years, Panasonic Holdings's highest Cyclically Adjusted PB Ratio was 1.85. The lowest was 0.53. And the median was 1.23.

BUE:PCRFY's Cyclically Adjusted PB Ratio is ranked better than
62.83% of 1902 companies
in the Hardware industry
Industry Median: 1.67 vs BUE:PCRFY: 1.22

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.

Panasonic Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was ARS21,893.523. 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 ARS3.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Panasonic Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Panasonic Holdings'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.

Panasonic Holdings Cyclically Adjusted PB Ratio Chart

Panasonic Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.79 1.45 1.27 1.35

Panasonic Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.27 1.81 1.67 1.35 1.35

Competitive Comparison of Panasonic Holdings's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Panasonic Holdings'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.


Panasonic Holdings's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Panasonic Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Panasonic Holdings 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.

Panasonic Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.44/3.28
=1.35

* 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.

Panasonic Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Panasonic Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=21893.523/107.2000*107.2000
=21,893.523

Current CPI (Mar. 2024) = 107.2000.

Panasonic Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 107.702 98.000 117.813
201409 107.831 98.500 117.355
201412 110.071 97.900 120.527
201503 115.581 97.900 126.561
201506 123.326 98.400 134.355
201509 121.741 98.500 132.494
201512 176.848 98.100 193.253
201603 152.292 97.900 166.759
201606 165.314 98.100 180.649
201609 200.141 98.000 218.930
201612 215.063 98.400 234.296
201703 184.031 98.100 201.102
201706 207.459 98.500 225.783
201709 228.779 98.800 248.230
201712 253.297 99.400 273.173
201803 278.207 99.200 300.643
201806 342.935 99.200 370.591
201809 517.630 99.900 555.455
201812 524.750 99.700 564.225
201903 577.081 99.700 620.492
201906 649.963 99.800 698.157
201909 832.188 100.100 891.214
201912 928.624 100.500 990.532
202003 987.614 100.300 1,055.556
202006 1,101.801 99.900 1,182.313
202009 1,298.400 99.900 1,393.278
202012 1,533.766 99.300 1,655.788
202103 1,842.612 99.900 1,977.257
202106 1,963.492 99.500 2,115.441
202109 2,102.428 100.100 2,251.551
202112 2,170.632 100.100 2,324.593
202203 2,455.871 101.100 2,604.049
202206 2,716.710 101.800 2,860.818
202209 3,110.099 103.100 3,233.779
202212 3,683.282 104.100 3,792.967
202303 4,582.318 104.400 4,705.215
202306 5,973.474 105.200 6,087.038
202309 8,727.145 106.200 8,809.322
202312 8,979.860 106.800 9,013.492
202403 21,893.523 107.200 21,893.523

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.


Panasonic Holdings  (BUE:PCRFY) 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.


Panasonic Holdings Cyclically Adjusted PB Ratio Related Terms

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


Panasonic Holdings (BUE:PCRFY) Business Description

Address
1006, Oaza Kadoma, Kadoma-shi, Osaka, JPN, 571-8501
Panasonic Holdings is a conglomerate that has diversified from its consumer electronics roots. It has five main business units: lifestyle (white appliances and housing products); automotive (cockpit systems); connect (BtoB businesses); industry (FA products, electronic materials, and devices); and energy (rechargeable batteries). After the crisis in 2012, former president Kazuhiro Tsuga has focused on shifting the business portfolio to increase the proportion of B2B businesses to mitigate the tough competition in consumer electronics products.