GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AGC Inc (TSE:5201) » Definitions » Cyclically Adjusted PB Ratio

AGC (TSE:5201) Cyclically Adjusted PB Ratio : 0.97 (As of May. 21, 2024)


View and export this data going back to 1950. Start your Free Trial

What is AGC Cyclically Adjusted PB Ratio?

As of today (2024-05-21), AGC's current share price is 円5570.00. AGC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円5,721.17. AGC's Cyclically Adjusted PB Ratio for today is 0.97.

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

TSE:5201' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.93   Max: 1.24
Current: 0.96

During the past years, AGC's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.51. And the median was 0.93.

TSE:5201's Cyclically Adjusted PB Ratio is ranked better than
72.16% of 1081 companies
in the Chemicals industry
Industry Median: 1.65 vs TSE:5201: 0.96

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.

AGC's adjusted book value per share data for the three months ended in Mar. 2024 was 円7,129.608. 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5,721.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AGC'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.

AGC Cyclically Adjusted PB Ratio Chart

AGC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.77 1.12 0.82 0.93

AGC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.91 0.94 0.94 0.93 0.97

Competitive Comparison of AGC's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, AGC'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.


AGC's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AGC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AGC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5570.00/5721.17
=0.97

* 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.

AGC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7129.608/107.2000*107.2000
=7,129.608

Current CPI (Mar. 2024) = 107.2000.

AGC Quarterly Data

Book Value per Share CPI Adj_Book
201406 4,529.859 98.000 4,955.111
201409 4,682.707 98.500 5,096.307
201412 4,815.204 97.900 5,272.624
201503 4,844.270 97.900 5,304.451
201506 5,084.964 98.400 5,539.717
201509 4,667.698 98.500 5,079.972
201512 4,732.414 98.100 5,171.404
201603 4,448.920 97.900 4,871.545
201606 4,195.538 98.100 4,584.727
201609 4,245.346 98.000 4,643.889
201612 4,736.579 98.400 5,160.175
201703 4,704.776 98.100 5,141.203
201706 4,811.871 98.500 5,236.879
201709 4,967.999 98.800 5,390.379
201712 5,239.691 99.400 5,650.854
201803 5,078.642 99.200 5,488.210
201806 5,199.638 99.200 5,618.964
201809 5,298.498 99.900 5,685.676
201812 5,141.416 99.700 5,528.182
201903 5,213.663 99.700 5,605.864
201906 5,151.936 99.800 5,533.943
201909 5,011.651 100.100 5,367.123
201912 5,229.581 100.500 5,578.220
202003 4,850.041 100.300 5,183.693
202006 4,941.964 99.900 5,303.088
202009 4,841.481 99.900 5,195.263
202012 5,038.505 99.300 5,439.353
202103 5,375.260 99.900 5,768.047
202106 5,593.980 99.500 6,026.881
202109 5,814.123 100.100 6,226.513
202112 5,930.276 100.100 6,350.905
202203 6,229.980 101.100 6,605.874
202206 6,833.855 101.800 7,196.358
202209 6,891.215 103.100 7,165.259
202212 6,271.332 104.100 6,458.086
202303 6,335.934 104.400 6,505.863
202306 6,829.829 105.200 6,959.674
202309 6,916.036 106.200 6,981.159
202312 6,820.123 106.800 6,845.667
202403 7,129.608 107.200 7,129.608

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.


AGC  (TSE:5201) 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.


AGC Cyclically Adjusted PB Ratio Related Terms

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


AGC (TSE:5201) Business Description

Industry
Traded in Other Exchanges
Address
1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405
AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (TSE:5201) Headlines

No Headlines