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Schroder Japan Trust (LSE:SJG) Cyclically Adjusted PB Ratio : 1.05 (As of Jun. 25, 2024)


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What is Schroder Japan Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-25), Schroder Japan Trust's current share price is £2.55. Schroder Japan Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Jul23 was £2.44. Schroder Japan Trust's Cyclically Adjusted PB Ratio for today is 1.05.

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

LSE:SJG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.12   Max: 1.66
Current: 1.04

During the past 13 years, Schroder Japan Trust's highest Cyclically Adjusted PB Ratio was 1.66. The lowest was 0.84. And the median was 1.12.

LSE:SJG's Cyclically Adjusted PB Ratio is ranked worse than
67.4% of 954 companies
in the Asset Management industry
Industry Median: 0.79 vs LSE:SJG: 1.04

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.

Schroder Japan Trust's adjusted book value per share data of for the fiscal year that ended in Jul23 was £2.523. 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 £2.44 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Schroder Japan Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Schroder Japan Trust'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.

Schroder Japan Trust Cyclically Adjusted PB Ratio Chart

Schroder Japan Trust Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.12 0.90 1.08 0.91 0.96

Schroder Japan Trust Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - 0.91 - 0.96 -

Competitive Comparison of Schroder Japan Trust's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Schroder Japan Trust'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.


Schroder Japan Trust's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Schroder Japan Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Schroder Japan Trust 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.

Schroder Japan Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.55/2.44
=1.05

* 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.

Schroder Japan Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Schroder Japan Trust's adjusted Book Value per Share data for the fiscal year that ended in Jul23 was:

Adj_Book=Book Value per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=2.523/129.0000*129.0000
=2.523

Current CPI (Jul23) = 129.0000.

Schroder Japan Trust Annual Data

Book Value per Share CPI Adj_Book
201407 1.388 99.600 1.798
201507 1.697 100.000 2.189
201607 1.813 100.900 2.318
201707 2.154 103.500 2.685
201807 2.338 105.900 2.848
201907 2.190 108.000 2.616
202007 1.892 109.200 2.235
202107 2.324 111.400 2.691
202207 2.307 121.200 2.455
202307 2.523 129.000 2.523

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.


Schroder Japan Trust  (LSE:SJG) 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.


Schroder Japan Trust Cyclically Adjusted PB Ratio Related Terms

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Schroder Japan Trust (LSE:SJG) Business Description

Traded in Other Exchanges
Address
1 London Wall Place, London, GBR, EC2Y 5AU
Schroder Japan Trust PLC is an investment trust located in the United Kingdom. It aims to achieve growth more than the TSE First Section Total Return Index in sterling over the longer term to provide capital growth for its investors. To achieve this objective, the company follows the strategy of investing in an actively managed portfolio comprising of securities listed on the Japanese stock markets. It predominantly invests in equities and partly in other instruments like warrants, convertibles, and other derivative instruments across sectors such as consumer goods and industrials. The company operates through its investment manager, Schroder Unit Trusts Ltd.

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