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ValueCommerce Co (TSE:2491) Cyclically Adjusted PB Ratio : 3.22 (As of Jun. 25, 2024)


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What is ValueCommerce Co Cyclically Adjusted PB Ratio?

As of today (2024-06-25), ValueCommerce Co's current share price is 円1218.00. ValueCommerce Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円378.18. ValueCommerce Co's Cyclically Adjusted PB Ratio for today is 3.22.

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

TSE:2491' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.66   Med: 12.04   Max: 21.95
Current: 3.25

During the past years, ValueCommerce Co's highest Cyclically Adjusted PB Ratio was 21.95. The lowest was 2.66. And the median was 12.04.

TSE:2491's Cyclically Adjusted PB Ratio is ranked worse than
84.57% of 700 companies
in the Media - Diversified industry
Industry Median: 1.09 vs TSE:2491: 3.25

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.

ValueCommerce Co's adjusted book value per share data for the three months ended in Mar. 2024 was 円694.440. 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378.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ValueCommerce Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ValueCommerce Co'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.

ValueCommerce Co Cyclically Adjusted PB Ratio Chart

ValueCommerce Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.71 15.05 18.08 5.96 4.03

ValueCommerce Co 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 5.35 4.04 3.66 4.03 2.87

Competitive Comparison of ValueCommerce Co's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, ValueCommerce Co'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.


ValueCommerce Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ValueCommerce Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ValueCommerce Co 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.

ValueCommerce Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1218.00/378.18
=3.22

* 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.

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

For example, ValueCommerce Co'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)
=694.44/107.2000*107.2000
=694.440

Current CPI (Mar. 2024) = 107.2000.

ValueCommerce Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 158.538 98.000 173.421
201409 161.227 98.500 175.467
201412 167.388 97.900 183.289
201503 171.672 97.900 187.980
201506 179.583 98.400 195.643
201509 181.423 98.500 197.447
201512 187.933 98.100 205.366
201603 187.155 97.900 204.934
201606 188.638 98.100 206.137
201609 189.549 98.000 207.343
201612 189.408 98.400 206.347
201703 195.672 98.100 213.823
201706 203.573 98.500 221.554
201709 202.288 98.800 219.487
201712 216.435 99.400 233.419
201803 227.702 99.200 246.065
201806 246.937 99.200 266.851
201809 260.407 99.900 279.436
201812 283.283 99.700 304.593
201903 290.789 99.700 312.664
201906 315.041 99.800 338.401
201909 326.199 100.100 349.336
201912 355.785 100.500 379.504
202003 370.031 100.300 395.487
202006 399.721 99.900 428.930
202009 416.246 99.900 446.662
202012 454.197 99.300 490.332
202103 401.033 99.900 430.338
202106 444.322 99.500 478.707
202109 470.633 100.100 504.015
202112 512.732 100.100 549.100
202203 538.207 101.100 570.680
202206 586.311 101.800 617.412
202209 603.583 103.100 627.586
202212 643.777 104.100 662.948
202303 645.416 104.400 662.726
202306 670.990 105.200 683.746
202309 672.041 106.200 678.369
202312 694.636 106.800 697.238
202403 694.440 107.200 694.440

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.


ValueCommerce Co  (TSE:2491) 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.


ValueCommerce Co Cyclically Adjusted PB Ratio Related Terms

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


ValueCommerce Co (TSE:2491) Business Description

Traded in Other Exchanges
N/A
Address
Nihonseimei Akasaka Building 5F, 8-1-19 Akasaka, Minato, Tokyo, JPN, 107-0052
ValueCommerce Co Ltd is a Japan-based information technology company engaged in the provision of internet advertising delivery services. The company's service portfolio comprises affiliate marketing service, StoreMatch service and Store's R8. The affiliate marketing service provides compensation based on the performances of advertising for e-commerce sites. The StoreMatch Service provides pay-per-click internet advertising for stores listing on online shopping malls. The Store's R8 service is a marketing automation system customized for Yahoo! shopping.

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