GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CyberAgent Inc (FRA:CL2) » Definitions » Cyclically Adjusted PB Ratio

CyberAgent (FRA:CL2) Cyclically Adjusted PB Ratio : 4.96 (As of May. 01, 2024)


View and export this data going back to 2007. Start your Free Trial

What is CyberAgent Cyclically Adjusted PB Ratio?

As of today (2024-05-01), CyberAgent's current share price is €5.85. CyberAgent's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €1.18. CyberAgent's Cyclically Adjusted PB Ratio for today is 4.96.

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

FRA:CL2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.09   Med: 9.65   Max: 17.98
Current: 5.15

During the past years, CyberAgent's highest Cyclically Adjusted PB Ratio was 17.98. The lowest was 4.09. And the median was 9.65.

FRA:CL2's Cyclically Adjusted PB Ratio is ranked worse than
91.99% of 637 companies
in the Media - Diversified industry
Industry Median: 1.11 vs FRA:CL2: 5.15

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.

CyberAgent's adjusted book value per share data for the three months ended in Mar. 2024 was €1.833. 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 €1.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CyberAgent Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CyberAgent'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.

CyberAgent Cyclically Adjusted PB Ratio Chart

CyberAgent Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.95 12.80 15.30 7.36 4.27

CyberAgent 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 6.32 5.74 4.27 4.56 5.62

Competitive Comparison of CyberAgent's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, CyberAgent'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.


CyberAgent's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CyberAgent's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CyberAgent 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.85/1.18
=4.96

* 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.

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

For example, CyberAgent'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)
=1.833/107.2000*107.2000
=1.833

Current CPI (Mar. 2024) = 107.2000.

CyberAgent Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.719 98.000 0.786
201409 0.791 98.500 0.861
201412 0.806 97.900 0.883
201503 0.975 97.900 1.068
201506 0.953 98.400 1.038
201509 0.989 98.500 1.076
201512 1.016 98.100 1.110
201603 1.147 97.900 1.256
201606 1.264 98.100 1.381
201609 1.352 98.000 1.479
201612 1.226 98.400 1.336
201703 1.271 98.100 1.389
201706 1.246 98.500 1.356
201709 1.199 98.800 1.301
201712 1.179 99.400 1.272
201803 1.214 99.200 1.312
201806 1.278 99.200 1.381
201809 1.254 99.900 1.346
201812 1.202 99.700 1.292
201903 1.256 99.700 1.350
201906 1.293 99.800 1.389
201909 1.342 100.100 1.437
201912 1.312 100.500 1.399
202003 1.339 100.300 1.431
202006 1.393 99.900 1.495
202009 1.442 99.900 1.547
202012 1.333 99.300 1.439
202103 1.549 99.900 1.662
202106 1.815 99.500 1.955
202109 1.988 100.100 2.129
202112 1.970 100.100 2.110
202203 2.108 101.100 2.235
202206 1.984 101.800 2.089
202209 2.034 103.100 2.115
202212 1.851 104.100 1.906
202303 1.962 104.400 2.015
202306 1.869 105.200 1.905
202309 1.834 106.200 1.851
202312 1.726 106.800 1.732
202403 1.833 107.200 1.833

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.


CyberAgent  (FRA:CL2) 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.


CyberAgent Cyclically Adjusted PB Ratio Related Terms

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


CyberAgent (FRA:CL2) Business Description

Traded in Other Exchanges
Address
hibuya Mark City West 1-12-1 Dogenzaka, Shibuya-Ku, Tokyo, JPN, 150-0043
CyberAgent is one of the top digital advertising companies in Japan. Its main business is internet advertising, which accounts for over 50% of companywide revenue. Currently, it is one of the market leaders, with about 12% market share in the digital advertisement market, alongside Dentsu with 13% and Hakuhodo with 11%. It also operates a video game segment (about 20% of total revenue) and a media segment, which is mainly Abema, an online TV program streaming site (about 20% of total revenue).

CyberAgent (FRA:CL2) Headlines

No Headlines