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Morozoff (TSE:2217) Cyclically Adjusted PB Ratio : 2.00 (As of Jun. 19, 2024)


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What is Morozoff Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Morozoff's current share price is 円4745.00. Morozoff's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was 円2,368.36. Morozoff's Cyclically Adjusted PB Ratio for today is 2.00.

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

TSE:2217' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21   Med: 1.5   Max: 1.94
Current: 1.94

During the past years, Morozoff's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 1.21. And the median was 1.50.

TSE:2217's Cyclically Adjusted PB Ratio is ranked worse than
63.27% of 1372 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs TSE:2217: 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.

Morozoff's adjusted book value per share data for the three months ended in Apr. 2024 was 円2,838.992. 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2,368.36 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morozoff Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Morozoff'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.

Morozoff Cyclically Adjusted PB Ratio Chart

Morozoff Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.48 1.37 1.54 1.73

Morozoff Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 1.64 1.62 1.63 1.73 1.76

Competitive Comparison of Morozoff's Cyclically Adjusted PB Ratio

For the Confectioners subindustry, Morozoff'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.


Morozoff's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morozoff's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Morozoff 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.

Morozoff's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4745.00/2368.36
=2.00

* 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.

Morozoff's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=2838.992/107.7000*107.7000
=2,838.992

Current CPI (Apr. 2024) = 107.7000.

Morozoff Quarterly Data

Book Value per Share CPI Adj_Book
201407 1,683.891 98.100 1,848.675
201410 1,615.098 98.200 1,771.345
201501 1,718.329 97.800 1,892.270
201504 1,768.993 98.400 1,936.184
201507 1,771.207 98.300 1,940.580
201510 1,699.583 98.500 1,858.326
201601 1,807.696 97.700 1,992.721
201604 1,856.109 98.100 2,037.747
201607 1,863.872 97.900 2,050.450
201610 1,822.096 98.600 1,990.261
201701 1,995.538 98.200 2,188.589
201704 2,037.003 98.500 2,227.261
201707 2,061.350 98.300 2,258.468
201710 2,017.274 98.800 2,198.992
201801 2,195.575 99.500 2,376.517
201804 2,224.670 99.100 2,417.729
201807 2,226.370 99.200 2,417.138
201810 2,126.063 100.200 2,285.199
201901 2,257.757 99.700 2,438.921
201904 2,317.190 100.000 2,495.614
201907 2,293.556 99.800 2,475.110
201910 2,199.407 100.400 2,359.324
202001 2,359.258 100.500 2,528.279
202004 2,324.657 100.200 2,498.658
202007 2,288.335 100.000 2,464.537
202010 2,233.575 99.800 2,410.381
202101 2,386.205 99.800 2,575.093
202104 2,384.859 99.100 2,591.820
202107 2,376.652 99.700 2,567.356
202110 2,302.268 99.900 2,482.025
202201 2,499.304 100.300 2,683.699
202204 2,487.114 101.500 2,639.036
202207 2,515.477 102.300 2,648.259
202210 2,475.219 103.700 2,570.695
202301 2,640.416 104.700 2,716.073
202304 2,681.101 105.100 2,747.427
202307 2,705.212 105.700 2,756.399
202310 2,671.003 107.100 2,685.967
202401 2,850.787 106.900 2,872.121
202404 2,838.992 107.700 2,838.992

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.


Morozoff  (TSE:2217) 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.


Morozoff Cyclically Adjusted PB Ratio Related Terms

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


Morozoff (TSE:2217) Business Description

Traded in Other Exchanges
N/A
Address
Kobe Higashinada Koyochonishi Chome, Kobe City, JPN, 658-0033
Morozoff Ltd is a Japan-based confectionery maker. The company is mainly engaged in the production and sale of chocolates, candies, and cakes. Products offered by the company include pudding, jelly, cake, summer dessert, cookie, baked sweets, frozen sweets. It sells its products through its retail stores, coffee shops, department stores, and restaurants under the brand name Cafe Morozoff, Feuillage Chocolat, Pudding, Alpenglow, and Morozoff Grand. Morozoff has overseas stores located in Dubai, Singapore, Hong Kong, Macau, Taipei, and Shanghai.

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