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Properst Co (TSE:3236) Cyclically Adjusted PB Ratio : 1.41 (As of Jun. 19, 2024)


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What is Properst Co Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Properst Co's current share price is 円211.00. Properst Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was 円149.98. Properst Co's Cyclically Adjusted PB Ratio for today is 1.41.

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

TSE:3236' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.09   Med: 1.43   Max: 2.68
Current: 1.27

During the past years, Properst Co's highest Cyclically Adjusted PB Ratio was 2.68. The lowest was 1.09. And the median was 1.43.

TSE:3236's Cyclically Adjusted PB Ratio is ranked worse than
71.81% of 1412 companies
in the Real Estate industry
Industry Median: 0.695 vs TSE:3236: 1.27

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.

Properst Co's adjusted book value per share data for the three months ended in Feb. 2024 was 円309.786. 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149.98 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Properst Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Properst 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.

Properst Co Cyclically Adjusted PB Ratio Chart

Properst Co Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.96 1.42 1.28

Properst Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.24 1.28 1.08 1.13 1.09

Competitive Comparison of Properst Co's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Properst 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.


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

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

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



Properst 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=211.00/149.98
=1.41

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=309.786/106.9000*106.9000
=309.786

Current CPI (Feb. 2024) = 106.9000.

Properst Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 34.802 98.100 37.924
201408 36.221 98.300 39.390
201411 40.036 97.900 43.717
201502 43.542 97.600 47.691
201505 43.776 98.700 47.413
201508 52.523 98.400 57.060
201511 60.154 98.100 65.550
201602 58.516 97.800 63.961
201605 61.942 98.200 67.430
201608 71.700 97.900 78.291
201611 75.236 98.600 81.569
201702 70.251 98.100 76.553
201705 80.611 98.600 87.397
201708 93.445 98.500 101.414
201711 99.526 99.100 107.360
201802 102.513 99.500 110.137
201805 104.353 99.300 112.340
201808 107.930 99.800 115.608
201811 116.326 100.000 124.352
201902 131.259 99.700 140.738
201905 128.294 100.000 137.146
201908 147.281 100.000 157.443
201911 153.796 100.500 163.590
202002 161.532 100.300 172.161
202005 158.628 100.100 169.404
202008 181.688 100.100 194.030
202011 185.532 99.500 199.330
202102 188.465 99.800 201.873
202105 180.837 99.400 194.482
202108 197.486 99.700 211.748
202111 201.534 100.100 215.225
202202 212.805 100.700 225.907
202205 211.836 101.800 222.449
202208 237.244 102.700 246.946
202211 256.357 103.900 263.759
202302 257.438 104.000 264.617
202305 255.463 105.100 259.838
202308 278.048 105.900 280.674
202311 303.089 106.900 303.089
202402 309.786 106.900 309.786

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.


Properst Co  (TSE:3236) 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.


Properst Co Cyclically Adjusted PB Ratio Related Terms

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


Properst Co (TSE:3236) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Minamioi 4-5-9, Shinagawa-ku, Tokyo, JPN, 1060045
Properst Co Ltd is a real estate developer. The company is engaged in the business of property of sale and development, rental property, and value up property. The projects of the company include shimogamuro project, nokata project, matsuan project, kikui town project, and nishikamo 2 project.

Properst Co (TSE:3236) Headlines

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