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Japan Securities Finance Co (FRA:JSE) Cyclically Adjusted PB Ratio : 1.06 (As of Jun. 01, 2025)


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What is Japan Securities Finance Co Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Japan Securities Finance Co's current share price is €10.50. Japan Securities Finance Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €9.92. Japan Securities Finance Co's Cyclically Adjusted PB Ratio for today is 1.06.

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

FRA:JSE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.57   Max: 1.31
Current: 1.05

During the past years, Japan Securities Finance Co's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.32. And the median was 0.57.

FRA:JSE's Cyclically Adjusted PB Ratio is ranked better than
50.31% of 324 companies
in the Credit Services industry
Industry Median: 1.01 vs FRA:JSE: 1.05

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.

Japan Securities Finance Co's adjusted book value per share data for the three months ended in Dec. 2024 was €10.325. 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 €9.92 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Securities Finance Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Japan Securities Finance 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.

Japan Securities Finance Co Cyclically Adjusted PB Ratio Chart

Japan Securities Finance Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.64 0.68 1.06 -

Japan Securities Finance Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.06 - 1.19 1.25 -

Competitive Comparison of Japan Securities Finance Co's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, Japan Securities Finance 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.


Japan Securities Finance Co's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Japan Securities Finance Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Japan Securities Finance 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.

Japan Securities Finance Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.50/9.92
=1.06

* 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.

Japan Securities Finance Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Japan Securities Finance Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=10.325/110.7000*110.7000
=10.325

Current CPI (Dec. 2024) = 110.7000.

Japan Securities Finance Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 10.545 97.900 11.924
201506 9.911 98.400 11.150
201509 10.163 98.500 11.422
201512 10.401 98.100 11.737
201603 11.665 97.900 13.190
201606 12.222 98.100 13.792
201609 12.754 98.000 14.407
201612 11.891 98.400 13.377
201703 12.028 98.100 13.573
201706 11.718 98.500 13.169
201709 11.229 98.800 12.581
201712 11.284 99.400 12.567
201803 11.615 99.200 12.961
201806 11.739 99.200 13.100
201809 11.543 99.900 12.791
201812 11.671 99.700 12.959
201903 12.097 99.700 13.432
201906 12.266 99.800 13.606
201909 12.679 100.100 14.022
201912 12.670 100.500 13.956
202003 11.610 100.300 12.814
202006 11.334 99.900 12.559
202009 11.324 99.900 12.548
202012 11.144 99.300 12.423
202103 11.385 99.900 12.616
202106 10.986 99.500 12.223
202109 11.536 100.100 12.758
202112 11.374 100.100 12.578
202203 11.831 101.100 12.954
202206 10.720 101.800 11.657
202209 10.841 103.100 11.640
202212 10.805 104.100 11.490
202303 11.003 104.400 11.667
202306 10.541 105.200 11.092
202309 10.515 106.200 10.961
202312 10.648 106.800 11.037
202403 10.597 107.200 10.943
202406 0.000 108.200 0.000
202409 10.599 108.900 10.774
202412 10.325 110.700 10.325

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.


Japan Securities Finance Co  (FRA:JSE) 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.


Japan Securities Finance Co Cyclically Adjusted PB Ratio Related Terms

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


Japan Securities Finance Co Business Description

Traded in Other Exchanges
Address
1-2-10 Nihonbashi-Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
Japan Securities Finance Co Ltd operates in three business segments: Securities Finance, Trust Banking, and Real Estate Leasing. In the Securities Finance business, which makes up the vast majority of the company's total revenue, the company primarily provides loans for margin transactions where it earns revenue through fees and interest. The Securities Finance segment also earns fees through stock and bond lending and earns interest through bond financing and general loans. The Trust Banking business provides trust services, such as securities trust, and banking services, such as deposits and loans. The Real Estate Leasing business provides services for leasing and managing real estate. The company operates exclusively in Japan.

Japan Securities Finance Co Headlines

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