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Kyowa Kirin Co (TSE:4151) Cyclically Adjusted PB Ratio : 1.98 (As of May. 26, 2024)


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What is Kyowa Kirin Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Kyowa Kirin Co's current share price is 円2568.00. Kyowa Kirin Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was 円1,296.82. Kyowa Kirin Co's Cyclically Adjusted PB Ratio for today is 1.98.

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

TSE:4151' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 2.15   Max: 3.68
Current: 1.98

During the past years, Kyowa Kirin Co's highest Cyclically Adjusted PB Ratio was 3.68. The lowest was 1.54. And the median was 2.15.

TSE:4151's Cyclically Adjusted PB Ratio is ranked worse than
52.17% of 692 companies
in the Drug Manufacturers industry
Industry Median: 1.89 vs TSE:4151: 1.98

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.

Kyowa Kirin Co's adjusted book value per share data for the three months ended in Sep. 2023 was 円1,510.655. 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1,296.82 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kyowa Kirin Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kyowa Kirin 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.

Kyowa Kirin Co Cyclically Adjusted PB Ratio Chart

Kyowa Kirin Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.92 2.31 2.50 2.69 2.42

Kyowa Kirin Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.70 2.42 2.29 2.09 2.01

Competitive Comparison of Kyowa Kirin Co's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - General subindustry, Kyowa Kirin 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.


Kyowa Kirin Co's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kyowa Kirin Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kyowa Kirin 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2568.00/1296.82
=1.98

* 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.

Kyowa Kirin Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Kyowa Kirin Co's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=1510.655/106.2000*106.2000
=1,510.655

Current CPI (Sep. 2023) = 106.2000.

Kyowa Kirin Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 1,085.729 95.600 1,206.113
201403 1,080.641 95.700 1,199.207
201406 1,085.833 98.000 1,176.688
201409 1,088.751 98.500 1,173.861
201412 1,106.045 97.900 1,199.816
201503 1,095.963 97.900 1,188.879
201506 1,116.426 98.400 1,204.923
201509 1,118.441 98.500 1,205.872
201512 1,123.585 98.100 1,216.358
201603 1,106.605 97.900 1,200.423
201606 1,087.351 98.100 1,177.132
201609 1,079.833 98.000 1,170.186
201612 1,054.482 98.400 1,138.069
201703 1,097.109 98.100 1,187.696
201706 1,112.470 98.500 1,199.435
201709 1,116.143 98.800 1,199.741
201712 1,125.562 99.400 1,202.562
201803 1,145.271 99.200 1,226.086
201806 1,166.188 99.200 1,248.479
201809 1,180.785 99.900 1,255.249
201812 1,186.650 99.700 1,264.014
201903 1,167.932 99.700 1,244.076
201906 1,236.088 99.800 1,315.356
201909 1,228.716 100.100 1,303.593
201912 1,263.160 100.500 1,334.802
202003 1,252.837 100.300 1,326.533
202006 1,277.418 99.900 1,357.976
202009 1,276.050 99.900 1,356.522
202012 1,300.125 99.300 1,390.466
202103 1,317.650 99.900 1,400.745
202106 1,341.333 99.500 1,431.654
202109 1,327.822 100.100 1,408.738
202112 1,371.903 100.100 1,455.505
202203 1,385.472 101.100 1,455.362
202206 1,424.567 101.800 1,486.140
202209 1,419.289 103.100 1,461.964
202212 1,419.285 104.100 1,447.916
202303 1,426.850 104.400 1,451.451
202306 1,478.379 105.200 1,492.432
202309 1,510.655 106.200 1,510.655

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.


Kyowa Kirin Co  (TSE:4151) 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.


Kyowa Kirin Co Cyclically Adjusted PB Ratio Related Terms

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


Kyowa Kirin Co (TSE:4151) Business Description

Traded in Other Exchanges
Address
1-9-2,Otemachi, Chiyoda-ku, Otemachi Financial City Grand Cube, Tokyo, JPN, 100-0004
Kyowa Kirin Co Ltd is a drug manufacturing company that focuses on biologic medicines. Its operations emphasize four categories: nephrology, oncology, immunology and allergy, and the central nervous system. The company has two reportable segments, Pharmaceuticals and Biochemicals. The pharmaceuticals business manufactures and sells ethical pharmaceuticals, diagnostic reagents, and other products. The biochemicals business manufactures and sells raw materials for pharmaceutical and industrial use, mainly amino acids, nucleic acids and related compounds, healthcare products, and others.

Kyowa Kirin Co (TSE:4151) Headlines

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