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NMS Holdings (TSE:2162) Cyclically Adjusted PB Ratio : 1.36 (As of Jun. 09, 2024)


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What is NMS Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-09), NMS Holdings's current share price is 円384.00. NMS Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円283.01. NMS Holdings's Cyclically Adjusted PB Ratio for today is 1.36.

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

TSE:2162' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.42   Max: 4.57
Current: 1.26

During the past years, NMS Holdings's highest Cyclically Adjusted PB Ratio was 4.57. The lowest was 0.74. And the median was 1.42.

TSE:2162's Cyclically Adjusted PB Ratio is ranked better than
62.09% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs TSE:2162: 1.26

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.

NMS Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was 円215.932. 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283.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


NMS Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NMS 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.

NMS Holdings Cyclically Adjusted PB Ratio Chart

NMS Holdings 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 2.09 0.93 1.58 0.94 1.72

NMS Holdings 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 0.89 1.72 1.45 1.48 1.28

Competitive Comparison of NMS Holdings's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, NMS 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.


NMS Holdings's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NMS Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



NMS 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=384.00/283.01
=1.36

* 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.

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

For example, NMS 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)
=215.932/106.8000*106.8000
=215.932

Current CPI (Dec. 2023) = 106.8000.

NMS Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 227.007 95.700 253.337
201406 222.781 98.000 242.786
201409 195.961 98.500 212.473
201412 202.632 97.900 221.053
201503 268.788 97.900 293.223
201506 294.684 98.400 319.840
201509 319.621 98.500 346.554
201512 266.858 98.100 290.524
201603 258.375 97.900 281.864
201606 252.865 98.100 275.290
201609 233.956 98.000 254.964
201612 242.048 98.400 262.711
201703 269.974 98.100 293.917
201706 265.707 98.500 288.097
201709 286.892 98.800 310.122
201712 312.286 99.400 335.535
201803 336.758 99.200 362.558
201806 338.655 99.200 364.600
201809 327.747 99.900 350.384
201812 327.252 99.700 350.557
201903 334.308 99.700 358.115
201906 335.549 99.800 359.085
201909 324.280 100.100 345.985
201912 325.218 100.500 345.605
202003 340.360 100.300 362.417
202006 295.758 99.900 316.186
202009 290.126 99.900 310.165
202012 288.669 99.300 310.472
202103 281.707 99.900 301.164
202106 294.186 99.500 315.769
202109 277.324 100.100 295.886
202112 247.088 100.100 263.626
202203 172.752 101.100 182.492
202206 161.880 101.800 169.831
202209 181.872 103.100 188.399
202212 212.679 104.100 218.195
202303 161.191 104.400 164.897
202306 194.215 105.200 197.169
202309 187.671 106.200 188.731
202312 215.932 106.800 215.932

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.


NMS Holdings  (TSE:2162) 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.


NMS Holdings Cyclically Adjusted PB Ratio Related Terms

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


NMS Holdings (TSE:2162) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Tokyo Opera City Tower 45 Floor, 3-20-2 Nishi-shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1445
NMS Holdings Corp is a Japan-based company. Its business activities are divided into four operating segments including Human resource solution business, Electronics manufacturing service (EMS) business, Vision ( neo EMS ), and Power supply business. The company offers staff members for contract manufacturing, engineer dispatch service, repairs and customer service. Its EMS business offers a wide range of services concerning board assembly through an integrated production process and firm management system. NMS also offers solutions for power supply and power supply-related products.

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