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East Japan Railway Co (East Japan Railway Co) Cyclically Adjusted PB Ratio : 1.18 (As of May. 20, 2024)


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What is East Japan Railway Co Cyclically Adjusted PB Ratio?

As of today (2024-05-20), East Japan Railway Co's current share price is $18.40. East Japan Railway Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.65. East Japan Railway Co's Cyclically Adjusted PB Ratio for today is 1.18.

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

EJPRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.35   Max: 2.5
Current: 1.15

During the past years, East Japan Railway Co's highest Cyclically Adjusted PB Ratio was 2.50. The lowest was 0.84. And the median was 1.35.

EJPRF's Cyclically Adjusted PB Ratio is ranked better than
55.33% of 703 companies
in the Transportation industry
Industry Median: 1.26 vs EJPRF: 1.15

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.

East Japan Railway Co's adjusted book value per share data for the three months ended in Dec. 2023 was $16.269. 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 $15.65 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


East Japan Railway Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for East Japan Railway 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.

East Japan Railway Co Cyclically Adjusted PB Ratio Chart

East Japan Railway Co 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 1.29 1.19 1.05 1.03 -

East Japan Railway Co 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 1.03 1.11 1.18 1.11 -

Competitive Comparison of East Japan Railway Co's Cyclically Adjusted PB Ratio

For the Railroads subindustry, East Japan Railway 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.


East Japan Railway Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, East Japan Railway Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where East Japan Railway Co's Cyclically Adjusted PB Ratio falls into.



East Japan Railway 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.

East Japan Railway Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.40/15.65
=1.18

* 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.

East Japan Railway Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, East Japan Railway Co'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)
=16.269/106.8000*106.8000
=16.269

Current CPI (Dec. 2023) = 106.8000.

East Japan Railway Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.010 95.700 20.099
201406 17.844 98.000 19.446
201409 17.634 98.500 19.120
201412 16.189 97.900 17.661
201503 16.109 97.900 17.573
201506 16.056 98.400 17.427
201509 17.024 98.500 18.459
201512 17.266 98.100 18.797
201603 18.396 97.900 20.068
201606 19.806 98.100 21.562
201609 21.423 98.000 23.347
201612 19.454 98.400 21.115
201703 20.149 98.100 21.936
201706 20.948 98.500 22.713
201709 21.699 98.800 23.456
201712 21.860 99.400 23.487
201803 23.345 99.200 25.134
201806 22.907 99.200 24.662
201809 23.315 99.900 24.925
201812 23.628 99.700 25.311
201903 24.134 99.700 25.853
201906 25.224 99.800 26.993
201909 26.359 100.100 28.123
201912 26.406 100.500 28.061
202003 25.820 100.300 27.493
202006 24.309 99.900 25.988
202009 23.828 99.900 25.474
202012 23.893 99.300 25.698
202103 20.607 99.900 22.030
202106 19.537 99.500 20.970
202109 19.048 100.100 20.323
202112 18.673 100.100 19.923
202203 17.846 101.100 18.852
202206 15.814 101.800 16.591
202209 14.835 103.100 15.367
202212 16.037 104.100 16.453
202303 16.376 104.400 16.752
202306 15.791 105.200 16.031
202309 15.556 106.200 15.644
202312 16.269 106.800 16.269

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.


East Japan Railway Co  (OTCPK:EJPRF) 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.


East Japan Railway Co Cyclically Adjusted PB Ratio Related Terms

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


East Japan Railway Co (East Japan Railway Co) Business Description

Traded in Other Exchanges
Address
2-2, Yoyogi 2-chome, Shibuya-ku, Tokyo, JPN, 151-8578
East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.

East Japan Railway Co (East Japan Railway Co) Headlines