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Hulic Co (FRA:87W) Cyclically Adjusted PB Ratio : 2.01 (As of Jun. 20, 2024)


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What is Hulic Co Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Hulic Co's current share price is €8.20. Hulic Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.07. Hulic Co's Cyclically Adjusted PB Ratio for today is 2.01.

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

FRA:87W' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 1.92   Max: 2.65
Current: 2.13

During the past years, Hulic Co's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 1.38. And the median was 1.92.

FRA:87W's Cyclically Adjusted PB Ratio is ranked worse than
85.49% of 1413 companies
in the Real Estate industry
Industry Median: 0.69 vs FRA:87W: 2.13

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.

Hulic Co's adjusted book value per share data for the three months ended in Mar. 2024 was €6.228. 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 €4.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hulic Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hulic 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.

Hulic Co Cyclically Adjusted PB Ratio Chart

Hulic Co 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 2.25 2.11 2.07 1.76 2.20

Hulic 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 1.79 1.96 2.07 2.20 2.28

Competitive Comparison of Hulic Co's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Hulic 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.


Hulic Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Hulic 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.

Hulic Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.20/4.07
=2.01

* 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.

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

For example, Hulic Co'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)
=6.228/107.2000*107.2000
=6.228

Current CPI (Mar. 2024) = 107.2000.

Hulic Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.314 98.000 2.531
201409 2.352 98.500 2.560
201412 2.320 97.900 2.540
201503 2.712 97.900 2.970
201506 3.284 98.400 3.578
201509 3.329 98.500 3.623
201512 3.584 98.100 3.916
201603 3.753 97.900 4.110
201606 4.036 98.100 4.410
201609 4.266 98.000 4.666
201612 4.182 98.400 4.556
201703 4.252 98.100 4.646
201706 4.322 98.500 4.704
201709 4.096 98.800 4.444
201712 4.265 99.400 4.600
201803 4.323 99.200 4.672
201806 4.620 99.200 4.993
201809 4.525 99.900 4.856
201812 4.767 99.700 5.126
201903 4.822 99.700 5.185
201906 5.181 99.800 5.565
201909 5.445 100.100 5.831
201912 5.667 100.500 6.045
202003 5.548 100.300 5.930
202006 5.670 99.900 6.084
202009 5.415 99.900 5.811
202012 5.768 99.300 6.227
202103 5.719 99.900 6.137
202106 5.839 99.500 6.291
202109 5.939 100.100 6.360
202112 6.506 100.100 6.967
202203 6.410 101.100 6.797
202206 6.097 101.800 6.420
202209 6.066 103.100 6.307
202212 6.305 104.100 6.493
202303 6.343 104.400 6.513
202306 6.242 105.200 6.361
202309 6.077 106.200 6.134
202312 6.408 106.800 6.432
202403 6.228 107.200 6.228

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.


Hulic Co  (FRA:87W) 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.


Hulic Co Cyclically Adjusted PB Ratio Related Terms

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


Hulic Co (FRA:87W) Business Description

Industry
Traded in Other Exchanges
Address
7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN
Hulic Co Ltd engages in real estate leasing of office buildings, residential properties, retail properties, hotels, and other properties across Tokyo. Although leasing is the core business, the company also operates a reconstruction business, development business, and investment business. Hulic's office buildings consist primarily of medium-sized offices and are constructed with quake-damping technology to ensure reliability and safety. Office buildings constitute nearly half of Hulic's portfolio. Aside from leasing condominiums, residential properties include housing built exclusively for the elderly. The group traditionally has staked its real estate business on accessibility by placing properties near stations and in metropolitan areas.

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