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Polaris Holdings Co (TSE:3010) Cyclically Adjusted PB Ratio : 3.48 (As of May. 25, 2024)


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What is Polaris Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-05-25), Polaris Holdings Co's current share price is 円217.00. Polaris Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円62.39. Polaris Holdings Co's Cyclically Adjusted PB Ratio for today is 3.48.

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

TSE:3010' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.88   Max: 4.31
Current: 3.88

During the past years, Polaris Holdings Co's highest Cyclically Adjusted PB Ratio was 4.31. The lowest was 0.43. And the median was 0.88.

TSE:3010's Cyclically Adjusted PB Ratio is ranked worse than
94.31% of 1335 companies
in the Real Estate industry
Industry Median: 0.71 vs TSE:3010: 3.88

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.

Polaris Holdings Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円52.781. 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62.39 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polaris Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Polaris Holdings 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.

Polaris Holdings Co Cyclically Adjusted PB Ratio Chart

Polaris Holdings Co 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 0.52 1.00 0.96 1.43 -

Polaris Holdings 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 1.43 1.60 2.61 2.64 -

Competitive Comparison of Polaris Holdings Co's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Polaris Holdings 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.


Polaris Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Polaris Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Polaris Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=217.00/62.39
=3.48

* 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.

Polaris Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Polaris Holdings Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=52.781/106.8000*106.8000
=52.781

Current CPI (Dec. 2023) = 106.8000.

Polaris Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 80.156 95.700 89.453
201406 73.115 98.000 79.680
201409 86.012 98.500 93.260
201412 89.434 97.900 97.564
201503 89.696 97.900 97.850
201506 87.712 98.400 95.200
201509 119.560 98.500 129.635
201512 123.023 98.100 133.933
201603 120.750 97.900 131.727
201606 130.087 98.100 141.624
201609 141.555 98.000 154.266
201612 125.956 98.400 136.708
201703 124.009 98.100 135.007
201706 116.677 98.500 126.509
201709 115.473 98.800 124.823
201712 90.956 99.400 97.727
201803 93.220 99.200 100.362
201806 89.537 99.200 96.397
201809 89.093 99.900 95.247
201812 95.589 99.700 102.396
201903 15.706 99.700 16.824
201906 16.743 99.800 17.917
201909 18.460 100.100 19.696
201912 18.805 100.500 19.984
202003 12.141 100.300 12.928
202006 1.120 99.900 1.197
202009 -2.060 99.900 -2.202
202012 -2.557 99.300 -2.750
202103 -13.292 99.900 -14.210
202106 -21.098 99.500 -22.646
202109 -26.719 100.100 -28.507
202112 7.361 100.100 7.854
202203 2.103 101.100 2.222
202206 9.531 101.800 9.999
202209 19.376 103.100 20.071
202212 19.140 104.100 19.636
202303 24.883 104.400 25.455
202306 28.179 105.200 28.608
202309 51.163 106.200 51.452
202312 52.781 106.800 52.781

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.


Polaris Holdings Co  (TSE:3010) 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.


Polaris Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


Polaris Holdings Co (TSE:3010) Business Description

Traded in Other Exchanges
N/A
Address
1-12-3 Iwamoto-cho, Yamazaki Kyodo Building, Chiyoda-ku, Tokyo, JPN, 101-0032
Polaris Holdings Co Ltd is a Japan-based company. It has two business segments. The Real Estate segment is involved in the leasing, buying, selling, and development of real estate; The Hotel segment deals with hotel management, consulting, and franchising. Some of its hotels include Best Western Hotels, Value The Hotel, Kinuura Grand Hotel, and KOKO Hotels.

Polaris Holdings Co (TSE:3010) Headlines

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