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Nabtesco (STU:3N8) Cyclically Adjusted PB Ratio : 1.58 (As of Jun. 19, 2024)


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What is Nabtesco Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Nabtesco's current share price is €15.70. Nabtesco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.94. Nabtesco's Cyclically Adjusted PB Ratio for today is 1.58.

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

STU:3N8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.85   Max: 5.61
Current: 1.65

During the past years, Nabtesco's highest Cyclically Adjusted PB Ratio was 5.61. The lowest was 1.44. And the median was 2.85.

STU:3N8's Cyclically Adjusted PB Ratio is ranked better than
54.55% of 2185 companies
in the Industrial Products industry
Industry Median: 1.84 vs STU:3N8: 1.65

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.

Nabtesco's adjusted book value per share data for the three months ended in Mar. 2024 was €13.383. 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 €9.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nabtesco Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nabtesco'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.

Nabtesco Cyclically Adjusted PB Ratio Chart

Nabtesco Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 3.86 2.61 2.28 1.77

Nabtesco 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 2.15 2.04 1.70 1.77 1.54

Competitive Comparison of Nabtesco's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Nabtesco'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.


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

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

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



Nabtesco 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.70/9.94
=1.58

* 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.

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

For example, Nabtesco'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)
=13.383/107.2000*107.2000
=13.383

Current CPI (Mar. 2024) = 107.2000.

Nabtesco Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.564 98.000 8.274
201409 7.852 98.500 8.546
201412 7.637 97.900 8.362
201503 9.112 97.900 9.978
201506 8.187 98.400 8.919
201509 8.367 98.500 9.106
201512 8.450 98.100 9.234
201603 9.005 97.900 9.860
201606 9.542 98.100 10.427
201609 10.007 98.000 10.946
201612 9.787 98.400 10.662
201703 10.072 98.100 11.006
201706 10.238 98.500 11.142
201709 9.845 98.800 10.682
201712 10.171 99.400 10.969
201803 10.600 99.200 11.455
201806 10.765 99.200 11.633
201809 10.724 99.900 11.508
201812 11.292 99.700 12.141
201903 11.481 99.700 12.345
201906 11.951 99.800 12.837
201909 12.290 100.100 13.162
201912 12.455 100.500 13.285
202003 12.611 100.300 13.479
202006 12.690 99.900 13.617
202009 12.305 99.900 13.204
202012 12.633 99.300 13.638
202103 16.881 99.900 18.115
202106 15.286 99.500 16.469
202109 15.052 100.100 16.120
202112 15.547 100.100 16.650
202203 14.983 101.100 15.887
202206 14.070 101.800 14.816
202209 14.803 103.100 15.392
202212 14.500 104.100 14.932
202303 14.664 104.400 15.057
202306 14.145 105.200 14.414
202309 13.768 106.200 13.898
202312 13.820 106.800 13.872
202403 13.383 107.200 13.383

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.


Nabtesco  (STU:3N8) 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.


Nabtesco Cyclically Adjusted PB Ratio Related Terms

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


Nabtesco (STU:3N8) Business Description

Traded in Other Exchanges
Address
JA Kyosai Bldg., 7-9, Hirakawacho 2-chome, Chiyoda-ku, Tokyo, JPN, 102-0093
Nabtesco manufactures and sells motion control technology-based components and equipment to various industries. Its four main segments include: component solutions, transport solutions, accessibility solutions, and manufacturing solutions. The company has the leading global share with its precision reduction gears for industrial robots, as well as the top share in Japan with its key products for other segments, and it has a long-term record of supplying its products to major players in their respective industries, such as Fanuc, Boeing, Komatsu, and Japan Railways. The company was established in 2003 as a result of the merger of Teijin Seiki and Nabco, and is headquartered in Tokyo.

Nabtesco (STU:3N8) Headlines

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