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CSS HOLDINGS (TSE:2304) Cyclically Adjusted PB Ratio : 1.81 (As of Jun. 21, 2024)


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What is CSS HOLDINGS Cyclically Adjusted PB Ratio?

As of today (2024-06-21), CSS HOLDINGS's current share price is 円927.00. CSS HOLDINGS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円513.40. CSS HOLDINGS's Cyclically Adjusted PB Ratio for today is 1.81.

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

TSE:2304' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.81   Max: 2.05
Current: 1.65

During the past years, CSS HOLDINGS's highest Cyclically Adjusted PB Ratio was 2.05. The lowest was 0.47. And the median was 0.81.

TSE:2304's Cyclically Adjusted PB Ratio is ranked worse than
52.97% of 691 companies
in the Business Services industry
Industry Median: 1.55 vs TSE:2304: 1.65

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.

CSS HOLDINGS's adjusted book value per share data for the three months ended in Mar. 2024 was 円528.248. 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513.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSS HOLDINGS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CSS 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.

CSS HOLDINGS Cyclically Adjusted PB Ratio Chart

CSS HOLDINGS Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.63 0.68 0.65 1.72

CSS HOLDINGS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.79 2.03 1.72 1.33 1.46

Competitive Comparison of CSS HOLDINGS's Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, CSS 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.


CSS HOLDINGS's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



CSS 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.

CSS HOLDINGS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=927.00/513.4
=1.81

* 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.

CSS HOLDINGS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=528.248/107.2000*107.2000
=528.248

Current CPI (Mar. 2024) = 107.2000.

CSS HOLDINGS Quarterly Data

Book Value per Share CPI Adj_Book
201406 372.328 98.000 407.281
201409 382.434 98.500 416.212
201412 383.651 97.900 420.096
201503 416.158 97.900 455.691
201506 428.187 98.400 466.480
201509 428.862 98.500 466.741
201512 448.647 98.100 490.265
201603 484.218 97.900 530.216
201606 478.687 98.100 523.091
201609 506.738 98.000 554.309
201612 511.601 98.400 557.354
201703 530.847 98.100 580.090
201706 536.019 98.500 583.363
201709 538.222 98.800 583.982
201712 539.275 99.400 581.592
201803 563.372 99.200 608.805
201806 560.068 99.200 605.235
201809 560.711 99.900 601.684
201812 542.276 99.700 583.069
201903 531.050 99.700 570.999
201906 531.879 99.800 571.317
201909 523.089 100.100 560.191
201912 535.746 100.500 571.462
202003 538.753 100.300 575.816
202006 463.185 99.900 497.031
202009 509.199 99.900 546.408
202012 471.519 99.300 509.032
202103 472.074 99.900 506.570
202106 474.018 99.500 510.701
202109 426.058 100.100 456.278
202112 417.007 100.100 446.585
202203 408.994 101.100 433.671
202206 417.063 101.800 439.186
202209 434.249 103.100 451.518
202212 427.146 104.100 439.866
202303 462.771 104.400 475.182
202306 467.125 105.200 476.006
202309 469.704 106.200 474.127
202312 478.428 106.800 480.220
202403 528.248 107.200 528.248

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.


CSS HOLDINGS  (TSE:2304) 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.


CSS HOLDINGS Cyclically Adjusted PB Ratio Related Terms

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


CSS HOLDINGS (TSE:2304) Business Description

Traded in Other Exchanges
N/A
Address
No. 10, No. 1,Nihonbashi, Chuo-ku, Kodenmacho, Tokyo, JPN, 103-0001
CSS HOLDINGS, LTD. is a holding company engaged in the operation and management of its group companies. It operates Steward Business; dishwashing and management work centered on hotels and restaurants, Food Business; which handles employee cafeteria and restaurant management contracts through its subsidiaries, Space Produce Business; designs, constructs, manages, and sells items related to video, audio, broadcasting and security, and Others includes general affairs, personnel, and management related business.

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