GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Komatsu Ltd (OTCPK:KMTUF) » Definitions » Cyclically Adjusted PB Ratio

Komatsu (Komatsu) Cyclically Adjusted PB Ratio : 2.14 (As of May. 14, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Komatsu Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Komatsu's current share price is $30.316. Komatsu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $14.14. Komatsu's Cyclically Adjusted PB Ratio for today is 2.14.

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

KMTUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.87   Max: 3.48
Current: 2.17

During the past years, Komatsu's highest Cyclically Adjusted PB Ratio was 3.48. The lowest was 1.02. And the median was 1.87.

KMTUF's Cyclically Adjusted PB Ratio is ranked worse than
59.63% of 161 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.83 vs KMTUF: 2.17

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.

Komatsu's adjusted book value per share data for the three months ended in Mar. 2024 was $21.405. 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 $14.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Komatsu Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Komatsu'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.

Komatsu Cyclically Adjusted PB Ratio Chart

Komatsu 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 1.18 2.14 1.70 1.70 2.08

Komatsu 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 1.70 1.96 1.99 1.77 2.08

Competitive Comparison of Komatsu's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Komatsu'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.


Komatsu's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Komatsu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Komatsu 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.316/14.14
=2.14

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=21.405/107.2000*107.2000
=21.405

Current CPI (Mar. 2024) = 107.2000.

Komatsu Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.123 98.000 15.449
201409 14.268 98.500 15.528
201412 13.512 97.900 14.796
201503 13.476 97.900 14.756
201506 13.373 98.400 14.569
201509 13.629 98.500 14.833
201512 13.501 98.100 14.753
201603 14.254 97.900 15.608
201606 14.243 98.100 15.564
201609 14.874 98.000 16.270
201612 14.191 98.400 15.460
201703 14.807 98.100 16.181
201706 15.293 98.500 16.644
201709 15.876 98.800 17.226
201712 15.817 99.400 17.058
201803 16.640 99.200 17.982
201806 16.341 99.200 17.659
201809 16.810 99.900 18.038
201812 16.221 99.700 17.441
201903 17.306 99.700 18.608
201906 17.413 99.800 18.704
201909 17.608 100.100 18.857
201912 17.508 100.500 18.675
202003 17.419 100.300 18.617
202006 17.353 99.900 18.621
202009 17.814 99.900 19.116
202012 18.344 99.300 19.803
202103 18.614 99.900 19.974
202106 18.567 99.500 20.004
202109 19.185 100.100 20.546
202112 19.179 100.100 20.539
202203 19.917 101.100 21.119
202206 19.309 101.800 20.333
202209 19.022 103.100 19.778
202212 18.873 104.100 19.435
202303 20.093 104.400 20.632
202306 20.341 105.200 20.728
202309 20.487 106.200 20.680
202312 20.824 106.800 20.902
202403 21.405 107.200 21.405

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.


Komatsu  (OTCPK:KMTUF) 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.


Komatsu Cyclically Adjusted PB Ratio Related Terms

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


Komatsu (Komatsu) Business Description

Traded in Other Exchanges
Address
3-6 Akasaka 2-chome, Minato-ku, Tokyo, JPN, 107-8414
Komatsu manufactures and sells construction, mining, utility, forestry, and industrial machinery. It also provides related services such as supplying parts, financing, and maintenance. Its major products are hydraulic excavators, bulldozers, wheel loaders, dump trucks, and motor graders, which focus on surface mining and construction. Through its subsidiary, Komatsu Mining (previously Joy Global before being acquired), the company manufactures and sells surface mining equipment like draglines as well as underground mining machinery such as continuous miners and blasthole drills. The company is headquartered in Tokyo.

Komatsu (Komatsu) Headlines

From GuruFocus

These Graham-Style Stock Picks Are Reasonably Priced

By Alberto Abaterusso Alberto Abaterusso 02-03-2020

Matthews Japan Fund Comments on Komatsu Ltd

By Vera Yuan Vera Yuan 04-29-2015

A Trio of Fairly Priced Stocks With Consistent Sales and Earnings History

By Alberto Abaterusso Alberto Abaterusso 09-03-2020

Manning & Napier Advisors' Pick from the Heavy Machinery Industry

By Vanina Egea Vanina Egea 11-15-2013

First Eagle Comments on Komatsu

By Sydnee Gatewood 07-27-2021

Matthews Japan Fund Comments on Komatsu

By Holly LaFon Holly LaFon 11-06-2018