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TKC (TKCXF) Cyclically Adjusted PB Ratio : (As of Jun. 11, 2024)


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What is TKC Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


TKC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TKC'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.

TKC Cyclically Adjusted PB Ratio Chart

TKC Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 2.85 2.80 2.54 2.50

TKC 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 2.62 2.72 2.50 2.54 2.48

Competitive Comparison of TKC's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, TKC'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.


TKC's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



TKC 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.

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

For example, TKC'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)
=12.782/107.2000*107.2000
=12.782

Current CPI (Mar. 2024) = 107.2000.

TKC Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.657 98.000 11.657
201409 10.246 98.500 11.151
201412 9.290 97.900 10.173
201503 9.563 97.900 10.471
201506 9.413 98.400 10.255
201509 9.575 98.500 10.421
201512 9.628 98.100 10.521
201603 10.440 97.900 11.432
201606 11.239 98.100 12.282
201609 11.643 98.000 12.736
201612 10.351 98.400 11.277
201703 10.978 98.100 11.996
201706 11.299 98.500 12.297
201709 11.496 98.800 12.473
201712 11.404 99.400 12.299
201803 12.336 99.200 13.331
201806 11.936 99.200 12.899
201809 11.968 99.900 12.843
201812 11.761 99.700 12.646
201903 12.119 99.700 13.031
201906 12.612 99.800 13.547
201909 12.684 100.100 13.584
201912 12.738 100.500 13.587
202003 13.277 100.300 14.190
202006 13.417 99.900 14.397
202009 13.889 99.900 14.904
202012 14.167 99.300 15.294
202103 14.250 99.900 15.291
202106 14.207 99.500 15.306
202109 14.364 100.100 15.383
202112 13.780 100.100 14.757
202203 13.889 101.100 14.727
202206 12.327 101.800 12.981
202209 11.625 103.100 12.087
202212 12.575 104.100 12.949
202303 13.117 104.400 13.469
202306 12.775 105.200 13.018
202309 12.308 106.200 12.424
202312 12.668 106.800 12.715
202403 12.782 107.200 12.782

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.


TKC  (OTCPK:TKCXF) 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.


TKC Cyclically Adjusted PB Ratio Related Terms

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TKC (TKCXF) Business Description

Industry
Traded in Other Exchanges
Address
1758 Tsurutamachi, Utsunomiya-shi, Tochigi, JPN, 320-0851
TKC Corp provides a variety of information technology, or IT, services. The firm's computer services include batch processing and printing, data storage, and download management. TKC's Internet services include Internet management, cloud computing, database management, data storage, data backup, and data security. The company's other services include software development, system device sales, systems consulting services, and general education and training services. TKC generates the majority of its sales revenue from accounting firms and local governments.

TKC (TKCXF) Headlines

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