GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chiyoda Corp (STU:CYA) » Definitions » Cyclically Adjusted PB Ratio

Chiyoda (STU:CYA) Cyclically Adjusted PB Ratio : 0.73 (As of May. 23, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Chiyoda Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Chiyoda's current share price is €1.76. Chiyoda's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €2.40. Chiyoda's Cyclically Adjusted PB Ratio for today is 0.73.

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

STU:CYA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.86   Max: 1.66
Current: 0.91

During the past years, Chiyoda's highest Cyclically Adjusted PB Ratio was 1.66. The lowest was 0.34. And the median was 0.86.

STU:CYA's Cyclically Adjusted PB Ratio is ranked better than
59.34% of 1210 companies
in the Construction industry
Industry Median: 1.12 vs STU:CYA: 0.91

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.

Chiyoda's adjusted book value per share data for the three months ended in Dec. 2023 was €0.769. 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 €2.40 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chiyoda Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chiyoda'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.

Chiyoda Cyclically Adjusted PB Ratio Chart

Chiyoda 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 0.41 0.36 0.89 0.98 0.91

Chiyoda 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 0.81 0.91 0.85 0.94 0.88

Competitive Comparison of Chiyoda's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Chiyoda'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.


Chiyoda's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Chiyoda 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.76/2.4
=0.73

* 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.

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

For example, Chiyoda'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)
=0.769/106.8000*106.8000
=0.769

Current CPI (Dec. 2023) = 106.8000.

Chiyoda Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.357 95.700 5.978
201406 5.376 98.000 5.859
201409 5.550 98.500 6.018
201412 5.331 97.900 5.816
201503 6.116 97.900 6.672
201506 5.706 98.400 6.193
201509 5.904 98.500 6.401
201512 5.988 98.100 6.519
201603 6.146 97.900 6.705
201606 6.459 98.100 7.032
201609 6.555 98.000 7.144
201612 4.981 98.400 5.406
201703 4.967 98.100 5.407
201706 4.748 98.500 5.148
201709 4.580 98.800 4.951
201712 4.593 99.400 4.935
201803 4.653 99.200 5.009
201806 4.520 99.200 4.866
201809 1.404 99.900 1.501
201812 0.877 99.700 0.939
201903 -1.848 99.700 -1.980
201906 -1.759 99.800 -1.882
201909 0.619 100.100 0.660
201912 0.981 100.500 1.042
202003 0.793 100.300 0.844
202006 0.928 99.900 0.992
202009 0.960 99.900 1.026
202012 0.990 99.300 1.065
202103 1.086 99.900 1.161
202106 0.362 99.500 0.389
202109 0.421 100.100 0.449
202112 0.456 100.100 0.487
202203 0.463 101.100 0.489
202206 0.529 101.800 0.555
202209 0.493 103.100 0.511
202212 0.400 104.100 0.410
202303 0.598 104.400 0.612
202306 0.796 105.200 0.808
202309 0.749 106.200 0.753
202312 0.769 106.800 0.769

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.


Chiyoda  (STU:CYA) 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.


Chiyoda Cyclically Adjusted PB Ratio Related Terms

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


Chiyoda (STU:CYA) Business Description

Industry
Traded in Other Exchanges
Address
Minatomirai 4-chome, Nishi-ku, Minatomirai Grand Central Tower 6-2, Yokohama, JPN, 220-8765
Chiyoda offers engineering, procurement, and construction, or EPC, services to the energy and chemical industries. The Japanese firm is involved in two main areas of activity: energy and environment. Its energy segment involves constructing liquefied natural gas plants and other gas-related facilities. Chiyoda also provides EPC, operation, expansion, and improvement services to petrochemical and metal firms through this business. The environment segment includes EPC work on pharmaceutical manufacturers as well as preservation technology offerings like air pollution control and wastewater treatment. Chiyoda uses artificial intelligence technology to optimize plant operations in their digital transformation business. It earns the majority of its total revenue overseas.

Chiyoda (STU:CYA) Headlines