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KOSE (FRA:49K) Cyclically Adjusted PB Ratio : 2.76 (As of Jun. 24, 2024)


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What is KOSE Cyclically Adjusted PB Ratio?

As of today (2024-06-24), KOSE's current share price is €62.50. KOSE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €22.61. KOSE's Cyclically Adjusted PB Ratio for today is 2.76.

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

FRA:49K' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.05   Med: 5.43   Max: 11.49
Current: 2.93

During the past years, KOSE's highest Cyclically Adjusted PB Ratio was 11.49. The lowest was 2.05. And the median was 5.43.

FRA:49K's Cyclically Adjusted PB Ratio is ranked worse than
76.26% of 1373 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs FRA:49K: 2.93

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.

KOSE's adjusted book value per share data for the three months ended in Mar. 2024 was €29.215. 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 €22.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KOSE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KOSE'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.

KOSE Cyclically Adjusted PB Ratio Chart

KOSE Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.39 5.08 5.57 4.35 2.90

KOSE 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 4.63 3.97 3.04 2.90 2.13

Competitive Comparison of KOSE's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, KOSE'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.


KOSE's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, KOSE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



KOSE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=62.50/22.61
=2.76

* 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.

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

For example, KOSE'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)
=29.215/107.2000*107.2000
=29.215

Current CPI (Mar. 2024) = 107.2000.

KOSE Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.687 98.000 17.160
201409 16.002 98.500 17.415
201412 15.780 97.900 17.279
201503 18.844 97.900 20.634
201506 18.044 98.400 19.658
201509 19.358 98.500 21.068
201512 20.229 98.100 22.105
201603 20.545 97.900 22.497
201606 21.847 98.100 23.874
201609 22.963 98.000 25.119
201612 22.234 98.400 24.222
201703 23.778 98.100 25.984
201706 23.698 98.500 25.791
201709 22.429 98.800 24.336
201712 23.075 99.400 24.886
201803 24.679 99.200 26.669
201806 25.693 99.200 27.765
201809 26.774 99.900 28.730
201812 28.252 99.700 30.377
201903 29.149 99.700 31.342
201906 30.442 99.800 32.699
201909 32.587 100.100 34.898
201912 32.084 100.500 34.223
202003 32.953 100.300 35.220
202006 30.915 99.900 33.174
202009 30.381 99.900 32.601
202012 30.335 99.300 32.748
202103 30.547 99.900 32.779
202106 30.107 99.500 32.437
202109 31.380 100.100 33.606
202112 0.000 100.100 0.000
202203 32.118 101.100 34.056
202206 31.068 101.800 32.716
202209 31.576 103.100 32.832
202212 31.762 104.100 32.708
202303 31.658 104.400 32.507
202306 30.552 105.200 31.133
202309 29.763 106.200 30.043
202312 29.709 106.800 29.820
202403 29.215 107.200 29.215

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.


KOSE  (FRA:49K) 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.


KOSE Cyclically Adjusted PB Ratio Related Terms

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


KOSE (FRA:49K) Business Description

Traded in Other Exchanges
Address
3-6-2, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8251
Kose is the third-largest cosmetics company in Japan and the second in the premium segment, and is renowned for its prestige skincare brands including Decorte and Albion. The firm has been managed by the Kobayashi family since it was established in 1946. Albion, a fully consolidated subsidiary in which Kose holds a 79.5% stake, is operated independently by another branch of the Kobayashi family. The group, with a collection 37 brands/lines spanning a wide range of price points, has captured 13.6% of Japan's premium beauty segment, according to Euromonitor. Japan remains the largest market contributing nearly 57% of sales, followed by Asia (28%) and North America (14%). Its distribution channels include department stores, specialty retailers, drugstores, travel retailers, and e-commerce.

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