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JGC Holdings (FRA:VJC) Cyclically Adjusted PB Ratio : 0.68 (As of Jun. 14, 2024)


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What is JGC Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-14), JGC Holdings's current share price is €7.20. JGC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €10.55. JGC Holdings's Cyclically Adjusted PB Ratio for today is 0.68.

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

FRA:VJC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 1.13   Max: 2.28
Current: 0.72

During the past years, JGC Holdings's highest Cyclically Adjusted PB Ratio was 2.28. The lowest was 0.50. And the median was 1.13.

FRA:VJC's Cyclically Adjusted PB Ratio is ranked better than
66.59% of 1275 companies
in the Construction industry
Industry Median: 1.08 vs FRA:VJC: 0.72

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.

JGC Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was €10.600. 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 €10.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


JGC Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for JGC Holdings'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.

JGC Holdings Cyclically Adjusted PB Ratio Chart

JGC Holdings 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 0.59 0.90 0.94 1.00 -

JGC Holdings 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 1.00 1.13 1.24 0.97 -

Competitive Comparison of JGC Holdings's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, JGC Holdings'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.


JGC Holdings's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



JGC Holdings 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.

JGC Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.20/10.55
=0.68

* 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.

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

For example, JGC Holdings'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)
=10.6/106.8000*106.8000
=10.600

Current CPI (Dec. 2023) = 106.8000.

JGC Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.486 95.700 11.702
201406 10.631 98.000 11.586
201409 11.091 98.500 12.026
201412 10.950 97.900 11.945
201503 11.785 97.900 12.856
201506 11.208 98.400 12.165
201509 12.124 98.500 13.146
201512 12.712 98.100 13.839
201603 13.195 97.900 14.395
201606 13.655 98.100 14.866
201609 13.338 98.000 14.536
201612 12.906 98.400 14.008
201703 12.544 98.100 13.656
201706 12.104 98.500 13.124
201709 11.704 98.800 12.652
201712 11.869 99.400 12.753
201803 11.964 99.200 12.881
201806 12.067 99.200 12.991
201809 12.122 99.900 12.959
201812 12.299 99.700 13.175
201903 12.916 99.700 13.836
201906 13.000 99.800 13.912
201909 13.336 100.100 14.229
201912 13.212 100.500 14.040
202003 13.007 100.300 13.850
202006 13.025 99.900 13.925
202009 12.825 99.900 13.711
202012 12.829 99.300 13.798
202103 12.768 99.900 13.650
202106 10.731 99.500 11.518
202109 11.127 100.100 11.872
202112 11.400 100.100 12.163
202203 11.737 101.100 12.399
202206 11.130 101.800 11.677
202209 11.405 103.100 11.814
202212 11.444 104.100 11.741
202303 11.540 104.400 11.805
202306 10.866 105.200 11.031
202309 10.596 106.200 10.656
202312 10.600 106.800 10.600

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.


JGC Holdings  (FRA:VJC) 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.


JGC Holdings Cyclically Adjusted PB Ratio Related Terms

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


JGC Holdings (FRA:VJC) Business Description

Industry
Traded in Other Exchanges
Address
2-3-1, Minato Mirai, Nishi-Ku, Kanagawa, Yokohama-shi, JPN, 220-6001
JGC Holdings Corp offers planning, consulting, materials procurement, construction, operation, and maintenance for various plants and facilities. In addition, it invests in oil and gas field development projects and utility businesses. The company has two operating segments: total engineering the (majority of total revenue); and catalysts and fine products. It constructs and performs tests on machinery and plants for multiple energy and industrial markets. The company utilizes engineering technology and project management capabilities. Additional sales are generated from providing operational support after completion of projects. Asia is an important region for the company, but the company also sells to Australia, the Middle East, and North America.

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