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TOTTF (Toyo Tire) Cyclically Adjusted PB Ratio : 1.25 (As of Dec. 14, 2024)


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What is Toyo Tire Cyclically Adjusted PB Ratio?

As of today (2024-12-14), Toyo Tire's current share price is $14.93. Toyo Tire's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $11.92. Toyo Tire's Cyclically Adjusted PB Ratio for today is 1.25.

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

TOTTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.45   Max: 2.75
Current: 1.4

During the past years, Toyo Tire's highest Cyclically Adjusted PB Ratio was 2.75. The lowest was 0.89. And the median was 1.45.

TOTTF's Cyclically Adjusted PB Ratio is ranked better than
53.98% of 893 companies
in the Vehicles & Parts industry
Industry Median: 1.62 vs TOTTF: 1.40

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.

Toyo Tire's adjusted book value per share data for the three months ended in Jun. 2024 was $18.656. 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 $11.92 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyo Tire Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toyo Tire'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.

Toyo Tire Cyclically Adjusted PB Ratio Chart

Toyo Tire Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 1.37 1.42 1.04 1.47

Toyo Tire Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.48 1.47 1.72 1.51 -

Competitive Comparison of Toyo Tire's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, Toyo Tire'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.


Toyo Tire's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyo Tire's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toyo Tire 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.

Toyo Tire's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.93/11.92
=1.25

* 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.

Toyo Tire's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Toyo Tire's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=18.656/108.2000*108.2000
=18.656

Current CPI (Jun. 2024) = 108.2000.

Toyo Tire Quarterly Data

Book Value per Share CPI Adj_Book
201409 11.743 98.500 12.899
201412 11.916 97.900 13.170
201503 11.554 97.900 12.770
201506 11.327 98.400 12.455
201509 10.690 98.500 11.743
201512 11.125 98.100 12.270
201603 11.261 97.900 12.446
201606 11.130 98.100 12.276
201609 11.524 98.000 12.723
201612 9.611 98.400 10.568
201703 9.811 98.100 10.821
201706 10.524 98.500 11.560
201709 10.704 98.800 11.722
201712 11.091 99.400 12.073
201803 11.494 99.200 12.537
201806 11.211 99.200 12.228
201809 11.263 99.900 12.199
201812 10.720 99.700 11.634
201903 12.131 99.700 13.165
201906 12.302 99.800 13.337
201909 12.546 100.100 13.561
201912 13.265 100.500 14.281
202003 12.732 100.300 13.735
202006 12.724 99.900 13.781
202009 13.351 99.900 14.460
202012 13.818 99.300 15.056
202103 14.358 99.900 15.551
202106 14.860 99.500 16.159
202109 15.287 100.100 16.524
202112 15.976 100.100 17.269
202203 16.351 101.100 17.499
202206 15.970 101.800 16.974
202209 15.112 103.100 15.860
202212 15.441 104.100 16.049
202303 15.910 104.400 16.489
202306 16.628 105.200 17.102
202309 16.774 106.200 17.090
202312 17.827 106.800 18.061
202403 18.174 107.200 18.344
202406 18.656 108.200 18.656

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.


Toyo Tire  (OTCPK:TOTTF) 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.


Toyo Tire Cyclically Adjusted PB Ratio Related Terms

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


Toyo Tire Business Description

Traded in Other Exchanges
Address
2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847
Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

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