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Terumo (TSE:4543) Cyclically Adjusted PB Ratio : 4.92 (As of Apr. 29, 2024)


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What is Terumo Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Terumo's current share price is 円2610.50. Terumo's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円530.45. Terumo's Cyclically Adjusted PB Ratio for today is 4.92.

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

TSE:4543' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.57   Med: 4.89   Max: 7.1
Current: 4.92

During the past years, Terumo's highest Cyclically Adjusted PB Ratio was 7.10. The lowest was 3.57. And the median was 4.89.

TSE:4543's Cyclically Adjusted PB Ratio is ranked worse than
79.17% of 456 companies
in the Medical Devices & Instruments industry
Industry Median: 2.1 vs TSE:4543: 4.92

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.

Terumo's adjusted book value per share data for the three months ended in Dec. 2023 was 円818.284. 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530.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Terumo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Terumo'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.

Terumo Cyclically Adjusted PB Ratio Chart

Terumo Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.21 5.30 5.26 4.41 3.69

Terumo Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.97 3.69 4.57 3.84 4.36

Competitive Comparison of Terumo's Cyclically Adjusted PB Ratio

For the Medical Instruments & Supplies subindustry, Terumo'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.


Terumo's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Terumo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Terumo 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.

Terumo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2610.50/530.45
=4.92

* 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.

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

For example, Terumo'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)
=818.284/106.8000*106.8000
=818.284

Current CPI (Dec. 2023) = 106.8000.

Terumo Quarterly Data

Book Value per Share CPI Adj_Book
201403 326.691 95.700 364.583
201406 327.002 98.000 356.365
201409 352.984 98.500 382.728
201412 380.989 97.900 415.624
201503 378.481 97.900 412.888
201506 388.193 98.400 421.331
201509 380.938 98.500 413.037
201512 390.135 98.100 424.734
201603 352.256 97.900 384.279
201606 326.984 98.100 355.983
201609 329.201 98.000 358.762
201612 372.454 98.400 404.249
201703 349.040 98.100 379.995
201706 357.573 98.500 387.704
201709 374.870 98.800 405.224
201712 393.376 99.400 422.662
201803 388.970 99.200 418.770
201806 422.987 99.200 455.393
201809 479.181 99.900 512.278
201812 475.162 99.700 509.000
201903 469.800 99.700 503.256
201906 465.195 99.800 497.824
201909 483.698 100.100 516.073
201912 505.689 100.500 537.389
202003 501.680 100.300 534.192
202006 503.774 99.900 538.569
202009 511.353 99.900 546.672
202012 516.038 99.300 555.014
202103 566.564 99.900 605.696
202106 578.034 99.500 620.443
202109 597.843 100.100 637.858
202112 618.972 100.100 660.402
202203 669.231 101.100 706.962
202206 738.074 101.800 774.325
202209 777.456 103.100 805.357
202212 721.003 104.100 739.703
202303 746.070 104.400 763.221
202306 807.577 105.200 819.860
202309 846.641 106.200 851.424
202312 818.284 106.800 818.284

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.


Terumo  (TSE:4543) 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.


Terumo Cyclically Adjusted PB Ratio Related Terms

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


Terumo (TSE:4543) Business Description

Traded in Other Exchanges
Address
2-44-1 Hatagaya, Shibuya-ku, Tokyo, JPN, 151-0072
Terumo Corp manufactures and sells medical products and equipment. The firm has three main businesses: blood management, cardiac and vascular, and general hospital. The cardiac and vascular business generates the largest proportion of revenue and sells cardiac and endovascular interventional therapies, cardiovascular surgical systems, neurovascular products, and vascular graft products. The general hospital business includes diabetes management, consumer healthcare, drug and device technologies, and general hospital products. The blood management business sells blood component, therapeutic apheresis, and cellular technologies. Terumo generates the majority of its revenue in Asia, with Japan contributing the largest proportion of Asian revenue.

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