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Pasona Group (TSE:2168) Cyclically Adjusted PB Ratio : 1.92 (As of May. 01, 2025)


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What is Pasona Group Cyclically Adjusted PB Ratio?

As of today (2025-05-01), Pasona Group's current share price is 円2157.00. Pasona Group's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2024 was 円1,120.88. Pasona Group's Cyclically Adjusted PB Ratio for today is 1.92.

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

TSE:2168' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.2   Med: 2.74   Max: 5.82
Current: 1.94

During the past years, Pasona Group's highest Cyclically Adjusted PB Ratio was 5.82. The lowest was 1.20. And the median was 2.74.

TSE:2168's Cyclically Adjusted PB Ratio is ranked worse than
58.51% of 658 companies
in the Business Services industry
Industry Median: 1.465 vs TSE:2168: 1.94

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.

Pasona Group's adjusted book value per share data for the three months ended in Nov. 2024 was 円3,606.628. 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1,120.88 for the trailing ten years ended in Nov. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pasona Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pasona Group'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.

Pasona Group Cyclically Adjusted PB Ratio Chart

Pasona Group Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 3.01 2.99 2.18 2.29

Pasona Group Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 3.32 2.29 2.19 1.75 -

Competitive Comparison of Pasona Group's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Pasona Group'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.


Pasona Group's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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


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Pasona Group 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.

Pasona Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2157.00/1120.88
=1.92

* 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.

Pasona Group's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2024 is calculated as:

For example, Pasona Group's adjusted Book Value per Share data for the three months ended in Nov. 2024 was:

Adj_Book=Book Value per Share/CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=3606.628/110.0000*110.0000
=3,606.628

Current CPI (Nov. 2024) = 110.0000.

Pasona Group Quarterly Data

Book Value per Share CPI Adj_Book
201502 565.811 97.600 637.697
201505 579.721 98.700 646.092
201508 547.191 98.400 611.697
201511 538.087 98.100 603.360
201602 514.009 97.800 578.129
201605 515.205 98.200 577.114
201608 487.105 97.900 547.309
201611 483.436 98.600 539.330
201702 491.154 98.100 550.733
201705 517.700 98.600 577.556
201708 519.738 98.500 580.418
201711 518.217 99.100 575.216
201802 512.593 99.500 566.686
201805 604.163 99.300 669.264
201808 673.716 99.800 742.573
201811 689.595 100.000 758.555
201902 694.607 99.700 766.367
201905 724.895 100.000 797.385
201908 862.895 100.000 949.185
201911 829.507 100.500 907.918
202002 812.592 100.300 891.178
202005 813.222 100.100 893.651
202008 900.808 100.100 989.899
202011 908.375 99.500 1,004.234
202102 940.076 99.800 1,036.156
202105 974.910 99.400 1,078.874
202108 1,009.249 99.700 1,113.514
202111 1,076.905 100.100 1,183.412
202202 1,148.343 100.700 1,254.397
202205 1,276.050 101.800 1,378.836
202208 1,256.982 102.700 1,346.329
202211 1,289.835 103.900 1,365.562
202302 1,316.051 104.000 1,391.977
202305 1,378.414 105.100 1,442.679
202308 1,315.172 105.900 1,366.090
202311 1,347.091 106.900 1,386.155
202402 1,315.468 106.900 1,353.615
202405 3,789.384 108.100 3,855.987
202408 3,682.960 109.100 3,713.342
202411 3,606.628 110.000 3,606.628

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.


Pasona Group  (TSE:2168) 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.


Pasona Group Cyclically Adjusted PB Ratio Related Terms

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


Pasona Group Business Description

Traded in Other Exchanges
Address
Otemachi 2-6-4, Chiyoda-ku, Tokyo, JPN, 100-8228
Pasona Group Inc provides human resource related support services. Its segments are Expert services, Insourcing, Others, Career solutions and outsourcing. The segments encompass human resource (HR) solutions, temporary staffing, contracting HR consulting, education and training, place and search, global overseas sourcing career placement, recruiting and outplacement, outsourcing, life solutions and public solutions. Expert services segment generates the majority of the revenues for the company.

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