GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Toppan Holdings Inc (OTCPK:TOPPY) » Definitions » Cyclically Adjusted PB Ratio

Toppan Holdings (Toppan Holdings) Cyclically Adjusted PB Ratio : 0.99 (As of Jun. 09, 2024)


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

What is Toppan Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Toppan Holdings's current share price is $13.07. Toppan Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $13.22. Toppan Holdings's Cyclically Adjusted PB Ratio for today is 0.99.

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

TOPPY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.68   Max: 1.11
Current: 1.11

During the past years, Toppan Holdings's highest Cyclically Adjusted PB Ratio was 1.11. The lowest was 0.44. And the median was 0.68.

TOPPY's Cyclically Adjusted PB Ratio is ranked better than
63.34% of 682 companies
in the Business Services industry
Industry Median: 1.59 vs TOPPY: 1.11

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.

Toppan Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was $15.254. 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 $13.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toppan Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toppan 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.

Toppan Holdings Cyclically Adjusted PB Ratio Chart

Toppan 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 0.57 0.61 0.67 0.76 -

Toppan Holdings 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 0.76 0.87 0.98 1.06 -

Competitive Comparison of Toppan Holdings's Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, Toppan 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.


Toppan Holdings's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Toppan Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toppan 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.

Toppan Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.07/13.22
=0.99

* 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.

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

For example, Toppan Holdings'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)
=15.254/106.8000*106.8000
=15.254

Current CPI (Dec. 2023) = 106.8000.

Toppan Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.919 95.700 13.301
201406 11.862 98.000 12.927
201409 11.330 98.500 12.285
201412 11.482 97.900 12.526
201503 12.106 97.900 13.207
201506 11.818 98.400 12.827
201509 12.052 98.500 13.068
201512 11.977 98.100 13.039
201603 12.920 97.900 14.095
201606 13.796 98.100 15.019
201609 14.410 98.000 15.704
201612 13.122 98.400 14.242
201703 14.030 98.100 15.274
201706 14.398 98.500 15.611
201709 15.151 98.800 16.378
201712 15.535 99.400 16.692
201803 16.649 99.200 17.925
201806 16.540 99.200 17.807
201809 17.214 99.900 18.403
201812 15.489 99.700 16.592
201903 16.311 99.700 17.473
201906 17.106 99.800 18.306
201909 16.494 100.100 17.598
201912 17.247 100.500 18.328
202003 15.866 100.300 16.894
202006 16.525 99.900 17.666
202009 17.345 99.900 18.543
202012 17.586 99.300 18.914
202103 17.802 99.900 19.032
202106 17.665 99.500 18.961
202109 18.790 100.100 20.048
202112 18.222 100.100 19.442
202203 17.244 101.100 18.216
202206 14.963 101.800 15.698
202209 14.414 103.100 14.931
202212 15.327 104.100 15.725
202303 15.187 104.400 15.536
202306 14.872 105.200 15.098
202309 14.520 106.200 14.602
202312 15.254 106.800 15.254

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.


Toppan Holdings  (OTCPK:TOPPY) 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.


Toppan Holdings Cyclically Adjusted PB Ratio Related Terms

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


Toppan Holdings (Toppan Holdings) Business Description

Traded in Other Exchanges
Address
1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560
Toppan Holdings Inc provides a range of products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop innovative solutions for customers. Operations and sales are located in Japan.