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Hibino (TSE:2469) Cyclically Adjusted PB Ratio : 2.63 (As of Jun. 03, 2025)


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What is Hibino Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Hibino's current share price is 円2400.00. Hibino's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円913.75. Hibino's Cyclically Adjusted PB Ratio for today is 2.63.

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

TSE:2469' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.45   Med: 2.23   Max: 4.58
Current: 2.6

During the past years, Hibino's highest Cyclically Adjusted PB Ratio was 4.58. The lowest was 1.45. And the median was 2.23.

TSE:2469's Cyclically Adjusted PB Ratio is ranked worse than
65.49% of 1924 companies
in the Hardware industry
Industry Median: 1.66 vs TSE:2469: 2.60

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.

Hibino's adjusted book value per share data for the three months ended in Sep. 2024 was 円1,093.215. 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913.75 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hibino Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hibino'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.

Hibino Cyclically Adjusted PB Ratio Chart

Hibino Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.86 2.31 2.07 1.71 2.17

Hibino Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 2.09 2.01 2.39 2.17 3.86

Competitive Comparison of Hibino's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Hibino'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.


Hibino's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Hibino 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2400.00/913.75
=2.63

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1093.215/108.9000*108.9000
=1,093.215

Current CPI (Sep. 2024) = 108.9000.

Hibino Quarterly Data

Book Value per Share CPI Adj_Book
201409 488.423 98.500 539.993
201412 503.273 97.900 559.821
201503 506.422 97.900 563.323
201506 544.788 98.400 602.921
201509 591.481 98.500 653.932
201512 669.933 98.100 743.687
201603 747.750 97.900 831.767
201606 744.075 98.100 825.992
201609 811.520 98.000 901.781
201612 841.607 98.400 931.413
201703 857.788 98.100 952.223
201706 862.284 98.500 953.327
201709 896.446 98.800 988.087
201712 899.266 99.400 985.212
201803 927.434 99.200 1,018.121
201806 899.119 99.200 987.037
201809 956.572 99.900 1,042.750
201812 958.414 99.700 1,046.853
201903 994.150 99.700 1,085.887
201906 978.717 99.800 1,067.959
201909 1,007.590 100.100 1,096.169
201912 1,038.760 100.500 1,125.582
202003 1,020.395 100.300 1,107.886
202006 920.573 99.900 1,003.508
202009 829.502 99.900 904.232
202012 779.393 99.300 854.742
202103 764.738 99.900 833.633
202106 714.863 99.500 782.398
202109 893.921 100.100 972.507
202112 883.574 100.100 961.251
202203 870.612 101.100 937.781
202206 837.618 101.800 896.037
202209 833.127 103.100 879.995
202212 847.726 104.100 886.814
202303 918.885 104.400 958.492
202306 901.873 105.200 933.593
202309 943.548 106.200 967.537
202312 985.842 106.800 1,005.227
202403 1,050.828 107.200 1,067.492
202409 1,093.215 108.900 1,093.215

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.


Hibino  (TSE:2469) 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.


Hibino Cyclically Adjusted PB Ratio Related Terms

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


Hibino Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-5-14, Konan, Minato-ku, Tokyo, JPN, 108-0075
Hibino Corp produces and sells audio equipment in Japan. It offers products and services in the Audio-Visual field. Its business activities are divided into Hibino visual division is engaged in the planning of large screens and video systems used for concerts and events, equipment rental, and operation. Hibino sound division offers a sound system for the concert, equipment rental, recording of concerts and events, studio recording, track down, and mastering. Hibino Professional Audio Sales division is engaged in the production and sale of professional audio equipment and acoustic system proposals for broadcasting stations, studios, halls, commercial facilities. Hibino Chromatec division develops and sells LED (light-emitting diode) display systems.

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