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Toei Animation Co (Toei Animation Co) Cyclically Adjusted PB Ratio : 9.23 (As of Jun. 25, 2024)


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What is Toei Animation Co Cyclically Adjusted PB Ratio?

As of today (2024-06-25), Toei Animation Co's current share price is $15.33. Toei Animation Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $1.66. Toei Animation Co's Cyclically Adjusted PB Ratio for today is 9.23.

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

TOEAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.18   Med: 6.57   Max: 18.74
Current: 6.32

During the past years, Toei Animation Co's highest Cyclically Adjusted PB Ratio was 18.74. The lowest was 3.18. And the median was 6.57.

TOEAF's Cyclically Adjusted PB Ratio is ranked worse than
94.43% of 700 companies
in the Media - Diversified industry
Industry Median: 1.09 vs TOEAF: 6.32

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.

Toei Animation Co's adjusted book value per share data for the three months ended in Dec. 2023 was $4.256. 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 $1.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toei Animation Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toei Animation Co'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.

Toei Animation Co Cyclically Adjusted PB Ratio Chart

Toei Animation Co 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 4.44 9.45 7.20 8.06 -

Toei Animation Co 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 8.06 7.85 7.54 10.44 -

Competitive Comparison of Toei Animation Co's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Toei Animation Co'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.


Toei Animation Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toei Animation Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toei Animation Co 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.

Toei Animation Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.33/1.66
=9.23

* 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.

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

For example, Toei Animation Co'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)
=4.256/106.8000*106.8000
=4.256

Current CPI (Dec. 2023) = 106.8000.

Toei Animation Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.839 95.700 2.052
201406 1.842 98.000 2.007
201409 1.779 98.500 1.929
201412 1.643 97.900 1.792
201503 1.668 97.900 1.820
201506 1.642 98.400 1.782
201509 1.779 98.500 1.929
201512 1.795 98.100 1.954
201603 1.963 97.900 2.141
201606 2.073 98.100 2.257
201609 2.245 98.000 2.447
201612 2.088 98.400 2.266
201703 2.231 98.100 2.429
201706 2.305 98.500 2.499
201709 2.396 98.800 2.590
201712 2.453 99.400 2.636
201803 2.674 99.200 2.879
201806 2.667 99.200 2.871
201809 2.708 99.900 2.895
201812 2.830 99.700 3.032
201903 2.955 99.700 3.165
201906 3.044 99.800 3.258
201909 3.197 100.100 3.411
201912 3.289 100.500 3.495
202003 3.393 100.300 3.613
202006 3.417 99.900 3.653
202009 3.628 99.900 3.879
202012 3.852 99.300 4.143
202103 3.829 99.900 4.093
202106 3.766 99.500 4.042
202109 4.007 100.100 4.275
202112 3.963 100.100 4.228
202203 3.961 101.100 4.184
202206 3.576 101.800 3.752
202209 3.626 103.100 3.756
202212 3.973 104.100 4.076
202303 4.190 104.400 4.286
202306 3.935 105.200 3.995
202309 4.030 106.200 4.053
202312 4.256 106.800 4.256

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.


Toei Animation Co  (OTCPK:TOEAF) 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.


Toei Animation Co Cyclically Adjusted PB Ratio Related Terms

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


Toei Animation Co (Toei Animation Co) Business Description

Traded in Other Exchanges
Address
4-10-1, Nakano, Nakano-ku, Tokyo, JPN, 164-0001
Toei Animation Co Ltd is a Japanese animation company. It is engaged in the planning and production of animation products for theaters and televisions (TVs), the sale of broadcasting rights, as well as the sale of packaged software rights of the Company's animation products with a focus on digital versatile discs (DVDs). The company develops characters into diverse types of merchandise such as toys, games, stationery goods, food products, clothing, and for campaigns and promotions. It produces works of animation mainly of television series along with other types of work such as theatrical features and original video animation.

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