GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taisei Corp (FRA:TKK1) » Definitions » Cyclically Adjusted PB Ratio

Taisei (FRA:TKK1) Cyclically Adjusted PB Ratio : 2.09 (As of May. 01, 2025)


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

What is Taisei Cyclically Adjusted PB Ratio?

As of today (2025-05-01), Taisei's current share price is €47.40. Taisei's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €22.72. Taisei's Cyclically Adjusted PB Ratio for today is 2.09.

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

FRA:TKK1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 1.75   Max: 3.81
Current: 2.09

During the past years, Taisei's highest Cyclically Adjusted PB Ratio was 3.81. The lowest was 1.28. And the median was 1.75.

FRA:TKK1's Cyclically Adjusted PB Ratio is ranked worse than
74.79% of 1198 companies
in the Construction industry
Industry Median: 1.03 vs FRA:TKK1: 2.09

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.

Taisei's adjusted book value per share data for the three months ended in Sep. 2024 was €31.563. 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 €22.72 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taisei Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Taisei'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.

Taisei Cyclically Adjusted PB Ratio Chart

Taisei Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.53 1.79 1.31 1.33 1.64

Taisei Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.43 1.64 - 1.73 -

Competitive Comparison of Taisei's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Taisei'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.


Taisei's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Taisei's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Taisei 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.40/22.72
=2.09

* 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.

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

For example, Taisei's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=31.563/108.9000*108.9000
=31.563

Current CPI (Sep. 2024) = 108.9000.

Taisei Quarterly Data

Book Value per Share CPI Adj_Book
201412 12.627 97.900 14.046
201503 16.064 97.900 17.869
201506 15.203 98.400 16.825
201509 15.558 98.500 17.201
201512 16.684 98.100 18.521
201603 17.600 97.900 19.578
201606 17.752 98.100 19.706
201609 19.260 98.000 21.402
201612 19.892 98.400 22.015
201703 20.560 98.100 22.823
201706 20.471 98.500 22.632
201709 19.857 98.800 21.887
201712 21.388 99.400 23.432
201803 22.752 99.200 24.977
201806 23.043 99.200 25.296
201809 23.227 99.900 25.320
201812 23.544 99.700 25.717
201903 26.299 99.700 28.726
201906 26.536 99.800 28.956
201909 28.820 100.100 31.354
201912 28.810 100.500 31.218
202003 29.840 100.300 32.399
202006 29.391 99.900 32.039
202009 29.133 99.900 31.758
202012 29.691 99.300 32.561
202103 31.566 99.900 34.410
202106 30.222 99.500 33.077
202109 31.818 100.100 34.615
202112 31.645 100.100 34.427
202203 33.201 101.100 35.763
202206 30.377 101.800 32.496
202209 30.872 103.100 32.609
202212 30.491 104.100 31.897
202303 30.759 104.400 32.085
202306 29.107 105.200 30.131
202309 29.084 106.200 29.823
202312 29.274 106.800 29.850
202403 30.966 107.200 31.457
202406 0.000 108.200 0.000
202409 31.563 108.900 31.563

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.


Taisei  (FRA:TKK1) 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.


Taisei Cyclically Adjusted PB Ratio Related Terms

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


Taisei Business Description

Industry
Traded in Other Exchanges
Address
Shinjuku Center Building, 1-25-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0606
Taisei Corp provides civil engineering and building development services in many different areas. It enters contracts to develop and enhance urbanization in designated regions. The company has four operating segments: civil engineering (majority of total revenue), building construction, real estate development, and other. It participates in all phases of project development, including planning, design, construction, and aftermarket services. Multiple projects are conducted simultaneously as the company showcases its expansive network and technical know-how. Taisei's projects range from traffic infrastructure and tunnels to airport facilities and high-rise building offices. Customers in Japan account for majority of total sales.

Taisei Headlines

No Headlines