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Fuji (TSE:6134) Cyclically Adjusted PB Ratio : 1.43 (As of May. 17, 2024)


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What is Fuji Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Fuji's current share price is 円2680.50. Fuji's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,880.33. Fuji's Cyclically Adjusted PB Ratio for today is 1.43.

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

TSE:6134' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.35   Max: 2.03
Current: 1.42

During the past years, Fuji's highest Cyclically Adjusted PB Ratio was 2.03. The lowest was 0.86. And the median was 1.35.

TSE:6134's Cyclically Adjusted PB Ratio is ranked better than
60.15% of 2055 companies
in the Industrial Products industry
Industry Median: 1.85 vs TSE:6134: 1.42

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.

Fuji's adjusted book value per share data for the three months ended in Dec. 2023 was 円2,389.689. 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1,880.33 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuji Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fuji'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.

Fuji Cyclically Adjusted PB Ratio Chart

Fuji Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 1.06 1.12 1.83 1.38

Fuji 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 1.11 1.27 1.41 1.26 1.29

Competitive Comparison of Fuji's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Fuji'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.


Fuji's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fuji's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fuji 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2680.50/1880.33
=1.43

* 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.

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

For example, Fuji'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)
=2389.689/106.8000*106.8000
=2,389.689

Current CPI (Dec. 2023) = 106.8000.

Fuji Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,235.613 95.700 1,378.929
201406 1,266.812 98.000 1,380.567
201409 1,306.522 98.500 1,416.615
201412 1,347.459 97.900 1,469.955
201503 1,379.164 97.900 1,504.543
201506 1,404.788 98.400 1,524.709
201509 1,393.700 98.500 1,511.139
201512 1,406.374 98.100 1,531.098
201603 1,372.151 97.900 1,496.892
201606 1,326.409 98.100 1,444.042
201609 1,332.204 98.000 1,451.830
201612 1,364.755 98.400 1,481.258
201703 1,461.592 98.100 1,591.213
201706 1,507.393 98.500 1,634.412
201709 1,576.838 98.800 1,704.517
201712 1,628.139 99.400 1,749.349
201803 1,655.243 99.200 1,782.056
201806 1,679.831 99.200 1,808.528
201809 1,734.064 99.900 1,853.834
201812 1,713.559 99.700 1,835.588
201903 1,767.253 99.700 1,893.106
201906 1,764.692 99.800 1,888.468
201909 1,817.294 100.100 1,938.931
201912 1,859.135 100.500 1,975.678
202003 1,834.732 100.300 1,953.633
202006 1,879.310 99.900 2,009.112
202009 1,933.883 99.900 2,067.454
202012 2,027.737 99.300 2,180.889
202103 2,014.379 99.900 2,153.510
202106 2,049.170 99.500 2,199.511
202109 2,101.848 100.100 2,242.531
202112 2,110.621 100.100 2,251.891
202203 2,163.539 101.100 2,285.519
202206 2,216.895 101.800 2,325.780
202209 2,279.127 103.100 2,360.919
202212 2,270.127 104.100 2,329.006
202303 2,332.131 104.400 2,385.743
202306 2,373.625 105.200 2,409.726
202309 2,407.388 106.200 2,420.989
202312 2,389.689 106.800 2,389.689

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.


Fuji  (TSE:6134) 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.


Fuji Cyclically Adjusted PB Ratio Related Terms

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


Fuji (TSE:6134) Business Description

Industry
Traded in Other Exchanges
Address
19 Chausuyama, Yamamachi, Aichi, Chiryu, JPN, 472-8686
Fuji Corp is a Japan-based company that primarily manufactures and distributes robotic mounter and machine tools. Its product offerings consist of SMT Equipment, Machine tools, Compact multijoint robot, Atmospheric pressure plasma unit, Mobility support robot, Public stocker system. It operates into three segments Robotic Solutions, Machine Tools, and others.

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