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TSI Holdings Co (TSE:3608) Cyclically Adjusted PB Ratio : 0.77 (As of May. 26, 2024)


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What is TSI Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), TSI Holdings Co's current share price is 円883.00. TSI Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 was 円1,151.09. TSI Holdings Co's Cyclically Adjusted PB Ratio for today is 0.77.

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

TSE:3608' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.41   Max: 0.79
Current: 0.77

During the past years, TSI Holdings Co's highest Cyclically Adjusted PB Ratio was 0.79. The lowest was 0.27. And the median was 0.41.

TSE:3608's Cyclically Adjusted PB Ratio is ranked better than
63.04% of 698 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.045 vs TSE:3608: 0.77

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.

TSI Holdings Co's adjusted book value per share data for the three months ended in Nov. 2023 was 円1,241.280. 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1,151.09 for the trailing ten years ended in Nov. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TSI Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TSI 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.

TSI Holdings Co Cyclically Adjusted PB Ratio Chart

TSI Holdings Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.31 0.55 -

TSI Holdings 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 0.55 0.57 0.64 0.67 -

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

For the Apparel Manufacturing subindustry, TSI 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.


TSI Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TSI 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=883.00/1151.09
=0.77

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=1241.28/106.9000*106.9000
=1,241.280

Current CPI (Nov. 2023) = 106.9000.

TSI Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201402 1,067.648 95.500 1,195.095
201405 1,080.972 98.100 1,177.940
201408 1,066.127 98.300 1,159.400
201411 1,090.705 97.900 1,190.974
201502 1,128.382 97.600 1,235.902
201505 1,153.426 98.700 1,249.253
201508 1,163.252 98.400 1,263.736
201511 1,163.345 98.100 1,267.702
201602 1,042.737 97.800 1,139.761
201605 1,028.806 98.200 1,119.953
201608 974.284 97.900 1,063.850
201611 1,017.515 98.600 1,103.168
201702 1,069.648 98.100 1,165.600
201705 1,049.937 98.600 1,138.319
201708 1,053.953 98.500 1,143.833
201711 1,093.072 99.100 1,179.106
201802 1,101.980 99.500 1,183.936
201805 1,069.791 99.300 1,151.668
201808 1,075.475 99.800 1,151.987
201811 1,100.028 100.000 1,175.930
201902 1,060.992 99.700 1,137.613
201905 1,049.754 100.000 1,122.187
201908 1,022.321 100.000 1,092.861
201911 1,063.826 100.500 1,131.572
202002 1,021.889 100.300 1,089.132
202005 883.000 100.100 942.984
202008 833.291 100.100 889.898
202011 886.476 99.500 952.405
202102 1,074.811 99.800 1,151.276
202105 1,106.753 99.400 1,190.261
202108 1,094.018 99.700 1,173.024
202111 1,131.282 100.100 1,208.132
202202 1,075.434 100.700 1,141.647
202205 1,105.384 101.800 1,160.762
202208 1,124.217 102.700 1,170.193
202211 1,173.574 103.900 1,207.460
202302 1,156.382 104.000 1,188.627
202305 1,159.012 105.100 1,178.862
202308 1,204.985 105.900 1,216.364
202311 1,241.280 106.900 1,241.280

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.


TSI Holdings Co  (TSE:3608) 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.


TSI Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


TSI Holdings Co (TSE:3608) Business Description

Traded in Other Exchanges
Address
Number 7 1-chome, Chiyoda-ku, Tokyo, JPN
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. More than 90% of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.

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