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Pilot (POGHF) Cyclically Adjusted PB Ratio : 2.19 (As of Sep. 22, 2024)


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What is Pilot Cyclically Adjusted PB Ratio?

As of today (2024-09-22), Pilot's current share price is $30.77. Pilot's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $14.02. Pilot's Cyclically Adjusted PB Ratio for today is 2.19.

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

POGHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.81   Med: 2.81   Max: 6.63
Current: 1.99

During the past years, Pilot's highest Cyclically Adjusted PB Ratio was 6.63. The lowest was 1.81. And the median was 2.81.

POGHF's Cyclically Adjusted PB Ratio is ranked worse than
57.55% of 1908 companies
in the Industrial Products industry
Industry Median: 1.715 vs POGHF: 1.99

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.

Pilot's adjusted book value per share data for the three months ended in Jun. 2024 was $22.667. 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 $14.02 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pilot Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pilot'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.

Pilot Cyclically Adjusted PB Ratio Chart

Pilot Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.61 2.14 2.85 2.65 2.02

Pilot Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.35 2.55 2.02 1.86 1.93

Competitive Comparison of Pilot's Cyclically Adjusted PB Ratio

For the Business Equipment & Supplies subindustry, Pilot'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.


Pilot's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pilot's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pilot 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.77/14.02
=2.19

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=22.667/108.2000*108.2000
=22.667

Current CPI (Jun. 2024) = 108.2000.

Pilot Quarterly Data

Book Value per Share CPI Adj_Book
201409 10.511 98.500 11.546
201412 10.196 97.900 11.269
201503 10.034 97.900 11.090
201506 10.777 98.400 11.850
201509 11.019 98.500 12.104
201512 11.399 98.100 12.573
201603 12.481 97.900 13.794
201606 13.978 98.100 15.417
201609 14.890 98.000 16.440
201612 14.233 98.400 15.651
201703 14.885 98.100 16.418
201706 11.664 98.500 12.813
201709 12.390 98.800 13.569
201712 13.154 99.400 14.319
201803 14.230 99.200 15.521
201806 14.786 99.200 16.127
201809 15.021 99.900 16.269
201812 15.440 99.700 16.756
201903 15.991 99.700 17.354
201906 17.303 99.800 18.759
201909 17.586 100.100 19.009
201912 18.546 100.500 19.967
202003 18.710 100.300 20.184
202006 19.444 99.900 21.059
202009 20.088 99.900 21.757
202012 21.187 99.300 23.086
202103 21.964 99.900 23.789
202106 22.891 99.500 24.893
202109 23.390 100.100 25.283
202112 22.507 100.100 24.328
202203 22.529 101.100 24.111
202206 21.438 101.800 22.786
202209 20.419 103.100 21.429
202212 21.899 104.100 22.761
202303 22.536 104.400 23.356
202306 22.959 105.200 23.614
202309 22.132 106.200 22.549
202312 22.959 106.800 23.260
202403 22.549 107.200 22.759
202406 22.667 108.200 22.667

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.


Pilot  (OTCPK:POGHF) 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.


Pilot Cyclically Adjusted PB Ratio Related Terms

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


Pilot Business Description

Traded in Other Exchanges
Address
2-6-21 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8304
Pilot Corp is a Japanese company that manufactures, purchases, and distributes stationery items including writing instruments, other stationery products and toys, and relevant services. The company operates through four segments: Japan, the Americas, Europe, and Asia. The Japan segment distributes products through direct sales to retail stores in Japan, and this segment contributes the largest proportion of total group revenue. The Americas segment is mainly engaged in the manufacture and sales of ball pens in the United States, Mexico and Brazil. The Europe segment operates in Sweden, the United Kingdom, Germany, France, and others. The Asia segment provides writing materials in Taiwan, mainland China, Hong Kong, Indonesia, Malaysia, and Singapore.

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