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Fuji (FMMFF) Cyclically Adjusted PB Ratio : 1.29 (As of Apr. 30, 2024)


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What is Fuji Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Fuji's current share price is $16.41. Fuji's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $12.72. Fuji's Cyclically Adjusted PB Ratio for today is 1.29.

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

FMMFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.35   Max: 2.03
Current: 1.39

During the past years, Fuji's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 0.86. And the median was 1.35.

FMMFF's Cyclically Adjusted PB Ratio is ranked better than
59.4% of 2000 companies
in the Industrial Products industry
Industry Median: 1.765 vs FMMFF: 1.39

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.

Fuji's adjusted book value per share data for the three months ended in Dec. 2023 was $16.597. 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 $12.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuji Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fuji'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.

Fuji Cyclically Adjusted PB Ratio Chart

Fuji Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 1.06 1.12 1.83 1.38

Fuji 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 1.11 1.27 1.41 1.26 1.29

Competitive Comparison of Fuji's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Fuji'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.


Fuji's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Fuji 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.

Fuji's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.41/12.72
=1.29

* 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.

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

For example, Fuji'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)
=16.597/106.8000*106.8000
=16.597

Current CPI (Dec. 2023) = 106.8000.

Fuji Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.074 95.700 13.474
201406 12.412 98.000 13.527
201409 12.162 98.500 13.187
201412 11.293 97.900 12.320
201503 11.455 97.900 12.496
201506 11.355 98.400 12.324
201509 11.600 98.500 12.577
201512 11.562 98.100 12.587
201603 12.150 97.900 13.255
201606 12.590 98.100 13.707
201609 13.088 98.000 14.263
201612 11.765 98.400 12.769
201703 12.944 98.100 14.092
201706 13.591 98.500 14.736
201709 14.234 98.800 15.387
201712 14.416 99.400 15.489
201803 15.609 99.200 16.805
201806 15.262 99.200 16.431
201809 15.469 99.900 16.537
201812 15.272 99.700 16.360
201903 15.901 99.700 17.033
201906 16.329 99.800 17.474
201909 16.899 100.100 18.030
201912 17.040 100.500 18.108
202003 17.041 100.300 18.145
202006 17.469 99.900 18.676
202009 18.315 99.900 19.580
202012 19.536 99.300 21.012
202103 18.532 99.900 19.812
202106 18.611 99.500 19.976
202109 19.080 100.100 20.357
202112 18.541 100.100 19.782
202203 18.246 101.100 19.275
202206 16.549 101.800 17.362
202209 15.906 103.100 16.477
202212 16.826 104.100 17.262
202303 17.448 104.400 17.849
202306 16.792 105.200 17.047
202309 16.283 106.200 16.375
202312 16.597 106.800 16.597

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.


Fuji  (OTCPK:FMMFF) 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.


Fuji Cyclically Adjusted PB Ratio Related Terms

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


Fuji (FMMFF) Business Description

Traded in Other Exchanges
Address
19 Chausuyama, Yamamachi, Aichi, Chiryu, JPN, 472-8686
Fuji Corp is a Japan-based company that primarily manufactures and distributes robotic mounter and machine tools. Its product offerings consist of SMT Equipment, Machine tools, Compact multijoint robot, Atmospheric pressure plasma unit, Mobility support robot, Public stocker system. It operates into three segments Robotic Solutions, Machine Tools, and others.

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