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Anritsu (STU:AN1) Cyclically Adjusted PB Ratio : 1.60 (As of May. 27, 2024)


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What is Anritsu Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Anritsu's current share price is €6.90. Anritsu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.32. Anritsu's Cyclically Adjusted PB Ratio for today is 1.60.

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

STU:AN1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.43   Med: 3.28   Max: 5.02
Current: 1.66

During the past years, Anritsu's highest Cyclically Adjusted PB Ratio was 5.02. The lowest was 1.43. And the median was 3.28.

STU:AN1's Cyclically Adjusted PB Ratio is ranked better than
50.51% of 1871 companies
in the Hardware industry
Industry Median: 1.66 vs STU:AN1: 1.66

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.

Anritsu's adjusted book value per share data for the three months ended in Mar. 2024 was €5.850. 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 €4.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anritsu Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Anritsu'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.

Anritsu Cyclically Adjusted PB Ratio Chart

Anritsu Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 4.32 2.53 1.83 1.70

Anritsu 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 1.83 1.80 1.53 1.91 1.70

Competitive Comparison of Anritsu's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Anritsu'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.


Anritsu's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anritsu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Anritsu 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.90/4.32
=1.60

* 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.

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

For example, Anritsu'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)
=5.85/107.2000*107.2000
=5.850

Current CPI (Mar. 2024) = 107.2000.

Anritsu Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.731 98.000 4.081
201409 3.959 98.500 4.309
201412 3.611 97.900 3.954
201503 4.390 97.900 4.807
201506 4.166 98.400 4.539
201509 4.278 98.500 4.656
201512 4.358 98.100 4.762
201603 4.391 97.900 4.808
201606 4.392 98.100 4.799
201609 4.524 98.000 4.949
201612 4.405 98.400 4.799
201703 4.607 98.100 5.034
201706 4.419 98.500 4.809
201709 4.224 98.800 4.583
201712 4.215 99.400 4.546
201803 4.356 99.200 4.707
201806 4.500 99.200 4.863
201809 4.553 99.900 4.886
201812 4.711 99.700 5.065
201903 4.960 99.700 5.333
201906 5.037 99.800 5.410
201909 5.350 100.100 5.729
201912 5.410 100.500 5.771
202003 5.760 100.300 6.156
202006 5.716 99.900 6.134
202009 5.765 99.900 6.186
202012 5.750 99.300 6.207
202103 6.143 99.900 6.592
202106 5.934 99.500 6.393
202109 6.134 100.100 6.569
202112 6.194 100.100 6.633
202203 6.479 101.100 6.870
202206 6.120 101.800 6.445
202209 6.246 103.100 6.494
202212 6.002 104.100 6.181
202303 6.224 104.400 6.391
202306 5.856 105.200 5.967
202309 5.862 106.200 5.917
202312 5.759 106.800 5.781
202403 5.850 107.200 5.850

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.


Anritsu  (STU:AN1) 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.


Anritsu Cyclically Adjusted PB Ratio Related Terms

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


Anritsu (STU:AN1) Business Description

Industry
Traded in Other Exchanges
Address
5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

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