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Nippon Ski Resort Development Co (TSE:6040) Cyclically Adjusted PB Ratio : 3.26 (As of Jan. 18, 2025)


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What is Nippon Ski Resort Development Co Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Nippon Ski Resort Development Co's current share price is 円1177.00. Nippon Ski Resort Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2024 was 円361.35. Nippon Ski Resort Development Co's Cyclically Adjusted PB Ratio for today is 3.26.

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

TSE:6040' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.47   Med: 2.65   Max: 3.6
Current: 3.6

During the past years, Nippon Ski Resort Development Co's highest Cyclically Adjusted PB Ratio was 3.60. The lowest was 2.47. And the median was 2.65.

TSE:6040's Cyclically Adjusted PB Ratio is ranked worse than
78.33% of 600 companies
in the Travel & Leisure industry
Industry Median: 1.415 vs TSE:6040: 3.60

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.

Nippon Ski Resort Development Co's adjusted book value per share data for the three months ended in Jul. 2024 was 円441.638. 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361.35 for the trailing ten years ended in Jul. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Ski Resort Development Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nippon Ski Resort Development 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.

Nippon Ski Resort Development Co Cyclically Adjusted PB Ratio Chart

Nippon Ski Resort Development Co Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.86

Nippon Ski Resort Development Co Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 - - - - 2.86

Competitive Comparison of Nippon Ski Resort Development Co's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, Nippon Ski Resort Development 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.


Nippon Ski Resort Development Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nippon Ski Resort Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Ski Resort Development Co's Cyclically Adjusted PB Ratio falls into.



Nippon Ski Resort Development 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.

Nippon Ski Resort Development Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1177.00/361.35
=3.26

* 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.

Nippon Ski Resort Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2024 is calculated as:

For example, Nippon Ski Resort Development Co's adjusted Book Value per Share data for the three months ended in Jul. 2024 was:

Adj_Book=Book Value per Share/CPI of Jul. 2024 (Change)*Current CPI (Jul. 2024)
=441.638/108.6000*108.6000
=441.638

Current CPI (Jul. 2024) = 108.6000.

Nippon Ski Resort Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201407 299.140 98.100 331.158
201501 0.000 97.800 0.000
201504 299.672 98.400 330.736
201507 292.093 98.300 322.699
201510 278.874 98.500 307.469
201601 282.310 97.700 313.806
201604 311.042 98.100 344.334
201607 286.351 97.900 317.648
201610 268.378 98.600 295.597
201701 290.424 98.200 321.182
201704 318.602 98.500 351.271
201707 302.332 98.300 334.011
201710 288.947 98.800 317.608
201801 309.242 99.500 337.524
201804 350.649 99.100 384.263
201807 321.850 99.200 352.348
201810 310.687 100.200 336.733
201901 329.578 99.700 358.999
201904 370.066 100.000 401.892
201907 360.895 99.800 392.717
201910 360.585 100.400 390.035
202001 383.696 100.500 414.621
202004 414.509 100.200 449.258
202007 366.719 100.000 398.257
202010 362.614 99.800 394.588
202101 330.146 99.800 359.257
202104 346.303 99.100 379.501
202107 323.861 99.700 352.771
202110 303.311 99.900 329.725
202201 308.996 100.300 334.566
202204 337.553 101.500 361.165
202207 319.435 102.300 339.107
202210 308.488 103.700 323.065
202301 336.967 104.700 349.519
202304 388.387 105.100 401.321
202307 374.300 105.700 384.569
202310 362.478 107.100 367.555
202401 400.265 106.900 406.630
202404 459.523 107.700 463.363
202407 441.638 108.600 441.638

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.


Nippon Ski Resort Development Co  (TSE:6040) 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.


Nippon Ski Resort Development Co Cyclically Adjusted PB Ratio Related Terms

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Nippon Ski Resort Development Co Business Description

Traded in Other Exchanges
N/A
Address
6329-1, Hokujo, Hakuba-mura Kitaazumi-gun, Nagano, JPN, 399-9301
Nippon Ski Resort Development Co Ltd engages in the management and operation of ski resorts, and relevant facilities and services. It also provides consulting and advisory services on ski resorts, including technical support, business support, rental business support, and other services.

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