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Mandom (FRA:MD9) Cyclically Adjusted PB Ratio : 0.75 (As of May. 22, 2024)


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What is Mandom Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Mandom's current share price is €6.95. Mandom's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €9.25. Mandom's Cyclically Adjusted PB Ratio for today is 0.75.

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

FRA:MD9' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.43   Max: 3.61
Current: 0.82

During the past years, Mandom's highest Cyclically Adjusted PB Ratio was 3.61. The lowest was 0.82. And the median was 1.43.

FRA:MD9's Cyclically Adjusted PB Ratio is ranked better than
70.7% of 1263 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs FRA:MD9: 0.82

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.

Mandom's adjusted book value per share data for the three months ended in Dec. 2023 was €9.659. 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 €9.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mandom Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mandom'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.

Mandom Cyclically Adjusted PB Ratio Chart

Mandom Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.40 1.67 1.62 0.98 1.03

Mandom 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 1.03 1.03 1.00 0.94 0.86

Competitive Comparison of Mandom's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Mandom'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.


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

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

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



Mandom 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.95/9.25
=0.75

* 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.

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

For example, Mandom'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)
=9.659/106.8000*106.8000
=9.659

Current CPI (Dec. 2023) = 106.8000.

Mandom Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.711 95.700 8.605
201406 8.105 98.000 8.833
201409 8.243 98.500 8.938
201412 7.917 97.900 8.637
201503 9.188 97.900 10.023
201506 8.866 98.400 9.623
201509 9.656 98.500 10.470
201512 9.619 98.100 10.472
201603 10.154 97.900 11.077
201606 10.906 98.100 11.873
201609 11.337 98.000 12.355
201612 10.718 98.400 11.633
201703 11.202 98.100 12.195
201706 11.172 98.500 12.113
201709 10.890 98.800 11.772
201712 11.003 99.400 11.822
201803 11.354 99.200 12.224
201806 11.700 99.200 12.596
201809 11.851 99.900 12.670
201812 11.724 99.700 12.559
201903 11.913 99.700 12.761
201906 12.209 99.800 13.065
201909 12.538 100.100 13.377
201912 12.181 100.500 12.945
202003 12.569 100.300 13.384
202006 11.829 99.900 12.646
202009 11.766 99.900 12.579
202012 11.498 99.300 12.366
202103 11.061 99.900 11.825
202106 10.779 99.500 11.570
202109 11.027 100.100 11.765
202112 10.892 100.100 11.621
202203 10.779 101.100 11.387
202206 10.163 101.800 10.662
202209 10.534 103.100 10.912
202212 10.488 104.100 10.760
202303 10.120 104.400 10.353
202306 9.641 105.200 9.788
202309 9.644 106.200 9.698
202312 9.659 106.800 9.659

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.


Mandom  (FRA:MD9) 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.


Mandom Cyclically Adjusted PB Ratio Related Terms

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


Mandom (FRA:MD9) Business Description

Traded in Other Exchanges
Address
5-12 Juniken-cho Chuo-ku, Osaka, JPN, 540-8530
Mandom Corp is a Japan-based company that is principally engaged in producing, marketing, and selling cosmetic products. The company's products are categorized into hair styling, face and body care, skin care, and makeup. Its brands consist of Gatsby, Lucido-L, Lucido, Bifesta, and Pixy. The company focuses on three businesses: men's grooming, offering men's daily grooming products and general fashion items; women's cosmetics, providing women's beauty products; and women's cosmetries, offering women's grooming and fashion products. These three businesses jointly account for the majority of the company's sales. The company focuses its business in Asia, with over half of sales generated in Japan and the rest mainly from other regions across Asia, especially Indonesia.

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