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Okasan Securities Group (FRA:OKN) Cyclically Adjusted PB Ratio : 0.78 (As of Jun. 01, 2025)


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What is Okasan Securities Group Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Okasan Securities Group's current share price is €4.22. Okasan Securities Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €5.39. Okasan Securities Group's Cyclically Adjusted PB Ratio for today is 0.78.

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

FRA:OKN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.62   Max: 1.32
Current: 0.78

During the past years, Okasan Securities Group's highest Cyclically Adjusted PB Ratio was 1.32. The lowest was 0.42. And the median was 0.62.

FRA:OKN's Cyclically Adjusted PB Ratio is ranked better than
70.63% of 504 companies
in the Capital Markets industry
Industry Median: 1.25 vs FRA:OKN: 0.78

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.

Okasan Securities Group's adjusted book value per share data for the three months ended in Dec. 2024 was €6.386. 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 €5.39 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Okasan Securities Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Okasan Securities Group'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.

Okasan Securities Group Cyclically Adjusted PB Ratio Chart

Okasan Securities Group 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 0.64 0.49 0.59 0.96 -

Okasan Securities Group 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 0.96 - 0.71 0.72 -

Competitive Comparison of Okasan Securities Group's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Okasan Securities Group'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.


Okasan Securities Group's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Okasan Securities Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Okasan Securities Group 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.

Okasan Securities Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.22/5.39
=0.78

* 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.

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

For example, Okasan Securities Group'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)
=6.386/110.7000*110.7000
=6.386

Current CPI (Dec. 2024) = 110.7000.

Okasan Securities Group Quarterly Data

Book Value per Share CPI Adj_Book
201503 5.589 97.900 6.320
201506 5.322 98.400 5.987
201509 5.437 98.500 6.110
201512 5.717 98.100 6.451
201603 5.886 97.900 6.656
201606 5.993 98.100 6.763
201609 6.416 98.000 7.247
201612 6.421 98.400 7.224
201703 6.565 98.100 7.408
201706 6.347 98.500 7.133
201709 5.880 98.800 6.588
201712 5.971 99.400 6.650
201803 6.062 99.200 6.765
201806 6.013 99.200 6.710
201809 5.982 99.900 6.629
201812 5.950 99.700 6.606
201903 6.076 99.700 6.746
201906 6.063 99.800 6.725
201909 6.379 100.100 7.054
201912 6.655 100.500 7.330
202003 6.637 100.300 7.325
202006 6.617 99.900 7.332
202009 6.592 99.900 7.305
202012 6.528 99.300 7.277
202103 6.576 99.900 7.287
202106 6.282 99.500 6.989
202109 6.626 100.100 7.328
202112 6.674 100.100 7.381
202203 6.510 101.100 7.128
202206 5.841 101.800 6.352
202209 5.968 103.100 6.408
202212 5.923 104.100 6.299
202303 5.908 104.400 6.265
202306 5.678 105.200 5.975
202309 5.732 106.200 5.975
202312 5.822 106.800 6.035
202403 6.018 107.200 6.214
202406 0.000 108.200 0.000
202409 6.341 108.900 6.446
202412 6.386 110.700 6.386

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.


Okasan Securities Group  (FRA:OKN) 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.


Okasan Securities Group Cyclically Adjusted PB Ratio Related Terms

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


Okasan Securities Group Business Description

Traded in Other Exchanges
Address
1-17-6, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8268
Okasan Securities Group Inc is a Japan-based holding company that conducts businesses through a network of domestic and overseas subsidiaries. The company has three business segments. The securities business, which accounts for the majority of sales, is involved in trading, brokerage, underwriting, and distribution of securities, public offering, secondary distribution of securities, and private offering of securities. The asset-management business is involved in investment management and investment advisory. The support business is engaged in information processing services, administrative support services, custodianship, and temping services. The company generates the majority of revenue from Japan.

Okasan Securities Group Headlines

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