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OSCUF (Japan Exchange Group) Cyclically Adjusted PB Ratio : 5.88 (As of May. 16, 2025)


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What is Japan Exchange Group Cyclically Adjusted PB Ratio?

As of today (2025-05-16), Japan Exchange Group's current share price is $12.05. Japan Exchange Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $2.05. Japan Exchange Group's Cyclically Adjusted PB Ratio for today is 5.88.

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

OSCUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.6   Med: 5.69   Max: 7.55
Current: 5.51

During the past years, Japan Exchange Group's highest Cyclically Adjusted PB Ratio was 7.55. The lowest was 3.60. And the median was 5.69.

OSCUF's Cyclically Adjusted PB Ratio is ranked worse than
86.9% of 458 companies
in the Capital Markets industry
Industry Median: 1.185 vs OSCUF: 5.51

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.

Japan Exchange Group's adjusted book value per share data for the three months ended in Dec. 2024 was $2.040. 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 $2.05 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Exchange Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Japan Exchange 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.

Japan Exchange Group Cyclically Adjusted PB Ratio Chart

Japan Exchange 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 6.08 4.88 3.90 7.44 -

Japan Exchange 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 7.44 - 6.49 6.04 -

Competitive Comparison of Japan Exchange Group's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Japan Exchange 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.


Japan Exchange Group's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

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

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


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Japan Exchange 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.

Japan Exchange Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.05/2.05
=5.88

* 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.

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

For example, Japan Exchange 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)
=2.04/110.7000*110.7000
=2.040

Current CPI (Dec. 2024) = 110.7000.

Japan Exchange Group Quarterly Data

Book Value per Share CPI Adj_Book
201503 1.782 97.900 2.015
201506 1.749 98.400 1.968
201509 1.867 98.500 2.098
201512 1.862 98.100 2.101
201603 2.074 97.900 2.345
201606 2.143 98.100 2.418
201609 2.272 98.000 2.566
201612 1.998 98.400 2.248
201703 2.114 98.100 2.386
201706 2.072 98.500 2.329
201709 2.179 98.800 2.441
201712 2.156 99.400 2.401
201803 2.409 99.200 2.688
201806 2.221 99.200 2.478
201809 2.293 99.900 2.541
201812 2.285 99.700 2.537
201903 2.394 99.700 2.658
201906 2.361 99.800 2.619
201909 2.475 100.100 2.737
201912 2.443 100.500 2.691
202003 2.587 100.300 2.855
202006 2.550 99.900 2.826
202009 2.709 99.900 3.002
202012 2.757 99.300 3.074
202103 2.762 99.900 3.061
202106 2.566 99.500 2.855
202109 2.606 100.100 2.882
202112 2.520 100.100 2.787
202203 2.523 101.100 2.763
202206 2.134 101.800 2.321
202209 2.070 103.100 2.223
202212 2.186 104.100 2.325
202303 2.242 104.400 2.377
202306 2.094 105.200 2.203
202309 2.093 106.200 2.182
202312 2.141 106.800 2.219
202403 2.106 107.200 2.175
202406 0.000 108.200 0.000
202409 2.211 108.900 2.248
202412 2.040 110.700 2.040

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.


Japan Exchange Group  (OTCPK:OSCUF) 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.


Japan Exchange Group Cyclically Adjusted PB Ratio Related Terms

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


Japan Exchange Group Business Description

Traded in Other Exchanges
Address
2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo, JPN, 103-8224
Japan Exchange Group is a vertically integrated securities exchange business, which includes the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange. JPX ranks among the top five largest stock exchange operators in the world by market capitalization, and its Nikkei 225 and Topix derivatives products are some of the most widely traded derivatives products in the world.