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TDHOF (T&D Holdings) Cyclically Adjusted PB Ratio : 1.35 (As of Sep. 21, 2024)


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What is T&D Holdings Cyclically Adjusted PB Ratio?

As of today (2024-09-21), T&D Holdings's current share price is $16.5745. T&D Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.24. T&D Holdings's Cyclically Adjusted PB Ratio for today is 1.35.

The historical rank and industry rank for T&D Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

TDHOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.89   Max: 1.41
Current: 1.1

During the past years, T&D Holdings's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.48. And the median was 0.89.

TDHOF's Cyclically Adjusted PB Ratio is ranked better than
54.34% of 403 companies
in the Insurance industry
Industry Median: 1.21 vs TDHOF: 1.10

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.

T&D Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was $17.680. 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 $12.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


T&D Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for T&D Holdings'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.

T&D Holdings Cyclically Adjusted PB Ratio Chart

T&D Holdings 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 0.55 0.82 0.87 0.80 1.20

T&D Holdings 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 1.01 1.17 1.05 1.20 -

Competitive Comparison of T&D Holdings's Cyclically Adjusted PB Ratio

For the Insurance - Life subindustry, T&D Holdings'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.


T&D Holdings's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, T&D Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where T&D Holdings's Cyclically Adjusted PB Ratio falls into.



T&D Holdings 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.

T&D Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.5745/12.24
=1.35

* 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.

T&D Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, T&D Holdings'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)
=17.68/107.2000*107.2000
=17.680

Current CPI (Mar. 2024) = 107.2000.

T&D Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.514 98.000 16.970
201409 15.936 98.500 17.344
201412 15.973 97.900 17.490
201503 16.772 97.900 18.365
201506 15.976 98.400 17.405
201509 15.615 98.500 16.994
201512 16.011 98.100 17.496
201603 16.535 97.900 18.106
201606 16.647 98.100 18.191
201609 17.657 98.000 19.315
201612 15.154 98.400 16.509
201703 15.317 98.100 16.738
201706 16.493 98.500 17.950
201709 17.222 98.800 18.686
201712 17.757 99.400 19.150
201803 17.408 99.200 18.812
201806 16.807 99.200 18.162
201809 17.093 99.900 18.342
201812 14.841 99.700 15.957
201903 16.970 99.700 18.247
201906 17.800 99.800 19.120
201909 18.977 100.100 20.323
201912 19.882 100.500 21.207
202003 17.268 100.300 18.456
202006 20.182 99.900 21.657
202009 21.808 99.900 23.402
202012 23.923 99.300 25.826
202103 23.287 99.900 24.989
202106 23.785 99.500 25.626
202109 25.308 100.100 27.103
202112 24.753 100.100 26.509
202203 20.770 101.100 22.023
202206 15.701 101.800 16.534
202209 12.256 103.100 12.743
202212 11.648 104.100 11.995
202303 13.499 104.400 13.861
202306 15.107 105.200 15.394
202309 14.318 106.200 14.453
202312 15.341 106.800 15.398
202403 17.680 107.200 17.680

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.


T&D Holdings  (OTCPK:TDHOF) 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.


T&D Holdings Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of T&D Holdings's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


T&D Holdings Business Description

Traded in Other Exchanges
Address
2-7-1, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-6031
T&D Holdings Inc is a Japanese holding company. It manages life insurance business. The company has three reportable segments namely Taiyo Life Insurance Company, Daido Life Insurance Company and T&D Financial Life Insurance Company. Each of the segment focuses on different markets. Taiyo Life focuses on the retail households market, Daido Life focuses on the small- and medium-sized entities market and T&D Financial Life focuses on over-the-counter sales at financial institutions and other agents. The company earns the majority of its revenue from Taiyo Life Insurance Company and Daido Life Insurance Company.

T&D Holdings Headlines

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