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Taihei Dengyo Kaisha (TSE:1968) Cyclically Adjusted PB Ratio : 1.21 (As of May. 24, 2025)


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What is Taihei Dengyo Kaisha Cyclically Adjusted PB Ratio?

As of today (2025-05-24), Taihei Dengyo Kaisha's current share price is 円4935.00. Taihei Dengyo Kaisha's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was 円4,086.71. Taihei Dengyo Kaisha's Cyclically Adjusted PB Ratio for today is 1.21.

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

TSE:1968' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.92   Max: 1.48
Current: 1.21

During the past years, Taihei Dengyo Kaisha's highest Cyclically Adjusted PB Ratio was 1.48. The lowest was 0.64. And the median was 0.92.

TSE:1968's Cyclically Adjusted PB Ratio is ranked worse than
54.26% of 1233 companies
in the Construction industry
Industry Median: 1.07 vs TSE:1968: 1.21

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.

Taihei Dengyo Kaisha's adjusted book value per share data for the three months ended in Dec. 2024 was 円5,340.992. 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4,086.71 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taihei Dengyo Kaisha Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Taihei Dengyo Kaisha'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.

Taihei Dengyo Kaisha Cyclically Adjusted PB Ratio Chart

Taihei Dengyo Kaisha Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.80 1.14 1.19 -

Taihei Dengyo Kaisha Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.19 - 1.31 1.23 -

Competitive Comparison of Taihei Dengyo Kaisha's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Taihei Dengyo Kaisha'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.


Taihei Dengyo Kaisha's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Taihei Dengyo Kaisha's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Taihei Dengyo Kaisha 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.

Taihei Dengyo Kaisha's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4935.00/4086.71
=1.21

* 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.

Taihei Dengyo Kaisha's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Taihei Dengyo Kaisha's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=5340.992/110.7000*110.7000
=5,340.992

Current CPI (Dec. 2024) = 110.7000.

Taihei Dengyo Kaisha Quarterly Data

Book Value per Share CPI Adj_Book
201503 2,968.497 97.900 3,356.615
201506 3,034.251 98.400 3,413.532
201509 3,026.693 98.500 3,401.573
201512 3,081.030 98.100 3,476.759
201603 3,056.550 97.900 3,456.181
201606 2,977.412 98.100 3,359.832
201609 3,088.300 98.000 3,488.518
201612 3,162.174 98.400 3,557.446
201703 3,230.265 98.100 3,645.161
201706 3,204.167 98.500 3,601.028
201709 3,250.940 98.800 3,642.501
201712 3,309.312 99.400 3,685.522
201803 3,289.724 99.200 3,671.093
201806 3,283.469 99.200 3,664.113
201809 3,361.206 99.900 3,724.580
201812 3,335.704 99.700 3,703.736
201903 3,333.759 99.700 3,701.576
201906 3,328.383 99.800 3,691.904
201909 3,342.436 100.100 3,696.380
201912 3,457.522 100.500 3,808.435
202003 3,517.881 100.300 3,882.646
202006 3,503.924 99.900 3,882.727
202009 3,610.786 99.900 4,001.141
202012 3,758.098 99.300 4,189.541
202103 3,786.305 99.900 4,195.635
202106 3,838.360 99.500 4,270.417
202109 4,021.738 100.100 4,447.616
202112 4,039.423 100.100 4,467.174
202203 4,167.070 101.100 4,562.756
202206 4,206.443 101.800 4,574.197
202209 4,354.143 103.100 4,675.108
202212 4,528.845 104.100 4,815.976
202303 4,637.076 104.400 4,916.900
202306 4,623.568 105.200 4,865.294
202309 4,762.483 106.200 4,964.283
202312 4,879.691 106.800 5,057.882
202403 5,121.284 107.200 5,288.490
202406 0.000 108.200 0.000
202409 5,151.230 108.900 5,236.374
202412 5,340.992 110.700 5,340.992

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.


Taihei Dengyo Kaisha  (TSE:1968) 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.


Taihei Dengyo Kaisha Cyclically Adjusted PB Ratio Related Terms

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Taihei Dengyo Kaisha Business Description

Traded in Other Exchanges
N/A
Address
2-4, Kanda, Jimbo-cho, Chiyoda-ku, Tokyo, JPN, 101-8416
Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.

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