GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TOW Co Ltd (TSE:4767) » Definitions » Cyclically Adjusted PB Ratio

TOW Co (TSE:4767) Cyclically Adjusted PB Ratio : 1.77 (As of May. 17, 2024)


View and export this data going back to 2000. Start your Free Trial

What is TOW Co Cyclically Adjusted PB Ratio?

As of today (2024-05-17), TOW Co's current share price is 円361.00. TOW Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円204.18. TOW Co's Cyclically Adjusted PB Ratio for today is 1.77.

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

TSE:4767' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 1.88   Max: 3.66
Current: 1.84

During the past years, TOW Co's highest Cyclically Adjusted PB Ratio was 3.66. The lowest was 1.48. And the median was 1.88.

TSE:4767's Cyclically Adjusted PB Ratio is ranked worse than
68.4% of 655 companies
in the Media - Diversified industry
Industry Median: 1.13 vs TSE:4767: 1.84

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.

TOW Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円222.539. 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204.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOW Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TOW 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.

TOW Co Cyclically Adjusted PB Ratio Chart

TOW Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.63 2.40 1.95 1.70 1.57

TOW Co 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 1.52 1.64 1.57 1.57 1.59

Competitive Comparison of TOW Co's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, TOW 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.


TOW Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TOW Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TOW 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=361.00/204.18
=1.77

* 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.

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

For example, TOW 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)
=222.539/106.8000*106.8000
=222.539

Current CPI (Dec. 2023) = 106.8000.

TOW Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 119.772 95.700 133.664
201406 128.327 98.000 139.850
201409 129.321 98.500 140.218
201412 136.342 97.900 148.737
201503 138.245 97.900 150.813
201506 141.360 98.400 153.427
201509 141.222 98.500 153.122
201512 154.990 98.100 168.735
201603 158.883 97.900 173.327
201606 161.563 98.100 175.891
201609 158.621 98.000 172.865
201612 170.857 98.400 185.442
201703 175.556 98.100 191.125
201706 180.655 98.500 195.878
201709 181.050 98.800 195.710
201712 198.934 99.400 213.744
201803 194.634 99.200 209.545
201806 196.200 99.200 211.231
201809 194.429 99.900 207.858
201812 203.288 99.700 217.765
201903 200.517 99.700 214.797
201906 209.548 99.800 224.246
201909 211.855 100.100 226.035
201912 226.509 100.500 240.708
202003 222.078 100.300 236.470
202006 228.243 99.900 244.008
202009 227.084 99.900 242.768
202012 231.799 99.300 249.306
202103 223.076 99.900 238.484
202106 229.545 99.500 246.386
202109 226.598 100.100 241.765
202112 234.292 100.100 249.974
202203 230.486 101.100 243.481
202206 231.891 101.800 243.281
202209 203.698 103.100 211.008
202212 213.400 104.100 218.935
202303 208.959 104.400 213.763
202306 209.256 105.200 212.439
202309 206.763 106.200 207.931
202312 222.539 106.800 222.539

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.


TOW Co  (TSE:4767) 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.


TOW Co Cyclically Adjusted PB Ratio Related Terms

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


TOW Co (TSE:4767) Business Description

Traded in Other Exchanges
N/A
Address
Chome No. 3 No. 13 Hulic Kamiyacho building 3 Floor, Toranomon, Minato-ku, Tokyo, JPN, 105-0001
TOW Co Ltd is a Japan-based company mainly engaged in the management, production, and planning of events. It also provides promotions and public relation services to the companies. The company has operations in Japan and overseas.

TOW Co (TSE:4767) Headlines

No Headlines