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ORIX (ORXCF) Cyclically Adjusted PB Ratio : 1.31 (As of May. 04, 2024)


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What is ORIX Cyclically Adjusted PB Ratio?

As of today (2024-05-04), ORIX's current share price is $21.215. ORIX's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $16.16. ORIX's Cyclically Adjusted PB Ratio for today is 1.31.

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

ORXCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.16   Max: 1.63
Current: 1.35

During the past years, ORIX's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.65. And the median was 1.16.

ORXCF's Cyclically Adjusted PB Ratio is ranked worse than
61.04% of 77 companies
in the Diversified Financial Services industry
Industry Median: 0.94 vs ORXCF: 1.35

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.

ORIX's adjusted book value per share data for the three months ended in Dec. 2023 was $22.484. 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 $16.16 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ORIX'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.

ORIX Cyclically Adjusted PB Ratio Chart

ORIX Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.75 1.01 1.23 0.99

ORIX Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.98 0.99 1.16 1.20 1.12

Competitive Comparison of ORIX's Cyclically Adjusted PB Ratio

For the Financial Conglomerates subindustry, ORIX'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.


ORIX's Cyclically Adjusted PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ORIX's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ORIX 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.215/16.16
=1.31

* 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.

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

For example, ORIX'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)
=22.484/106.8000*106.8000
=22.484

Current CPI (Dec. 2023) = 106.8000.

ORIX Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.178 95.700 15.822
201406 14.533 98.000 15.838
201409 14.492 98.500 15.713
201412 13.490 97.900 14.716
201503 13.660 97.900 14.902
201506 13.480 98.400 14.631
201509 14.299 98.500 15.504
201512 14.276 98.100 15.542
201603 15.623 97.900 17.043
201606 16.866 98.100 18.362
201609 17.754 98.000 19.348
201612 16.074 98.400 17.446
201703 17.049 98.100 18.561
201706 17.800 98.500 19.300
201709 18.422 98.800 19.914
201712 18.434 99.400 19.806
201803 19.761 99.200 21.275
201806 19.225 99.200 20.698
201809 19.543 99.900 20.893
201812 19.591 99.700 20.986
201903 20.365 99.700 21.815
201906 20.842 99.800 22.304
201909 21.489 100.100 22.927
201912 21.636 100.500 22.992
202003 22.164 100.300 23.600
202006 21.867 99.900 23.377
202009 22.617 99.900 24.179
202012 23.154 99.300 24.903
202103 22.887 99.900 24.468
202106 22.795 99.500 24.467
202109 23.505 100.100 25.078
202112 23.135 100.100 24.683
202203 23.047 101.100 24.346
202206 20.678 101.800 21.694
202209 19.799 103.100 20.510
202212 20.619 104.100 21.154
202303 21.458 104.400 21.951
202306 22.102 105.200 22.438
202309 21.965 106.200 22.089
202312 22.484 106.800 22.484

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.


ORIX  (OTCPK:ORXCF) 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.


ORIX Cyclically Adjusted PB Ratio Related Terms

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


ORIX (ORXCF) Business Description

Address
2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment.

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