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Daiwa House Industry Co (TSE:1925) Cyclically Adjusted PB Ratio : 1.72 (As of May. 01, 2024)


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What is Daiwa House Industry Co Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Daiwa House Industry Co's current share price is 円4440.00. Daiwa House Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円2,575.35. Daiwa House Industry Co's Cyclically Adjusted PB Ratio for today is 1.72.

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

TSE:1925' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.9   Max: 3.11
Current: 1.69

During the past years, Daiwa House Industry Co's highest Cyclically Adjusted PB Ratio was 3.11. The lowest was 1.29. And the median was 1.90.

TSE:1925's Cyclically Adjusted PB Ratio is ranked worse than
82.76% of 1299 companies
in the Real Estate industry
Industry Median: 0.66 vs TSE:1925: 1.69

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.

Daiwa House Industry Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円3,734.983. 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 円2,575.35 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa House Industry Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Daiwa House Industry 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.

Daiwa House Industry Co Cyclically Adjusted PB Ratio Chart

Daiwa House Industry Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 1.54 1.71 1.53 1.32

Daiwa House Industry Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.32 1.32 1.56 1.60 1.66

Competitive Comparison of Daiwa House Industry Co's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Daiwa House Industry 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.


Daiwa House Industry Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Daiwa House Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Daiwa House Industry Co's Cyclically Adjusted PB Ratio falls into.



Daiwa House Industry 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.

Daiwa House Industry Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4440.00/2575.35
=1.72

* 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.

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

For example, Daiwa House Industry 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)
=3734.983/106.8000*106.8000
=3,734.983

Current CPI (Dec. 2023) = 106.8000.

Daiwa House Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,496.771 95.700 1,670.378
201406 1,495.219 98.000 1,629.484
201409 1,571.195 98.500 1,703.590
201412 1,598.960 97.900 1,744.320
201503 1,678.295 97.900 1,830.867
201506 1,710.774 98.400 1,856.816
201509 1,775.671 98.500 1,925.296
201512 1,797.958 98.100 1,957.410
201603 1,763.030 97.900 1,923.305
201606 1,777.430 98.100 1,935.061
201609 1,820.929 98.000 1,984.441
201612 1,857.534 98.400 2,016.104
201703 1,971.833 98.100 2,146.705
201706 1,987.925 98.500 2,155.435
201709 2,097.057 98.800 2,266.859
201712 2,157.677 99.400 2,318.309
201803 2,218.339 99.200 2,388.292
201806 2,217.916 99.200 2,387.837
201809 2,320.915 99.900 2,481.218
201812 2,330.703 99.700 2,496.681
201903 2,404.488 99.700 2,575.720
201906 2,437.829 99.800 2,608.819
201909 2,553.338 100.100 2,724.241
201912 2,562.832 100.500 2,723.487
202003 2,600.970 100.300 2,769.527
202006 2,582.922 99.900 2,761.322
202009 2,680.310 99.900 2,865.437
202012 2,735.936 99.300 2,942.578
202103 2,805.225 99.900 2,998.979
202106 2,840.972 99.500 3,049.405
202109 2,945.654 100.100 3,142.816
202112 2,984.143 100.100 3,183.881
202203 3,081.067 101.100 3,254.777
202206 3,097.818 101.800 3,249.970
202209 3,270.278 103.100 3,387.640
202212 3,327.542 104.100 3,413.847
202303 3,466.849 104.400 3,546.547
202306 3,507.702 105.200 3,561.051
202309 3,679.926 106.200 3,700.717
202312 3,734.983 106.800 3,734.983

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.


Daiwa House Industry Co  (TSE:1925) 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.


Daiwa House Industry Co Cyclically Adjusted PB Ratio Related Terms

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Daiwa House Industry Co (TSE:1925) Business Description

Traded in Other Exchanges
Address
3-3-5 Umeda, Kita-ku, Osaka, JPN, 530-8241
Daiwa House Industry Co Ltd is engaged in the business of housing, commercial facilities, and urban development. Daiwa's business segments include Single-Family Houses, Rental Housing, Existing Home Business, Health and Leisure, Business and Corporate Facilities, and Other Businesses. The Company conducts real estate development and construction work under contract in overseas markets, principally in Asia.

Daiwa House Industry Co (TSE:1925) Headlines

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