GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MAX Co Ltd (TSE:6454) » Definitions » Cyclically Adjusted PB Ratio

MAX Co (TSE:6454) Cyclically Adjusted PB Ratio : 2.64 (As of Jun. 03, 2025)


View and export this data going back to 1970. Start your Free Trial

What is MAX Co Cyclically Adjusted PB Ratio?

As of today (2025-06-03), MAX Co's current share price is 円4690.00. MAX Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円1,773.74. MAX Co's Cyclically Adjusted PB Ratio for today is 2.64.

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

TSE:6454' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.27   Max: 2.66
Current: 2.66

During the past years, MAX Co's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.95. And the median was 1.27.

TSE:6454's Cyclically Adjusted PB Ratio is ranked worse than
59.7% of 2159 companies
in the Industrial Products industry
Industry Median: 2.04 vs TSE:6454: 2.66

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.

MAX Co's adjusted book value per share data for the three months ended in Mar. 2025 was 円2,304.114. 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1,773.74 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


MAX Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MAX 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.

MAX Co Cyclically Adjusted PB Ratio Chart

MAX Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.18 1.37 1.98 2.39

MAX Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.98 - 2.12 2.01 2.39

Competitive Comparison of MAX Co's Cyclically Adjusted PB Ratio

For the Tools & Accessories subindustry, MAX 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.


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

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

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


;
;

MAX 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4690.00/1773.74
=2.64

* 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.

MAX Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, MAX Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2304.114/111.1000*111.1000
=2,304.114

Current CPI (Mar. 2025) = 111.1000.

MAX Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 1,317.961 98.400 1,488.064
201509 1,317.779 98.500 1,486.348
201512 1,346.386 98.100 1,524.806
201603 1,301.772 97.900 1,477.292
201606 1,263.053 98.100 1,430.430
201609 1,289.048 98.000 1,461.360
201612 1,353.842 98.400 1,528.576
201703 1,362.004 98.100 1,542.494
201706 1,355.935 98.500 1,529.385
201709 1,393.055 98.800 1,566.482
201712 1,434.457 99.400 1,603.302
201803 1,450.576 99.200 1,624.587
201806 1,435.922 99.200 1,608.175
201809 1,467.301 99.900 1,631.803
201812 1,481.042 99.700 1,650.389
201903 1,509.794 99.700 1,682.428
201906 1,483.234 99.800 1,651.175
201909 1,513.536 100.100 1,679.859
201912 1,556.289 100.500 1,720.435
202003 1,551.373 100.300 1,718.420
202006 1,534.300 99.900 1,706.314
202009 1,562.598 99.900 1,737.784
202012 1,594.189 99.300 1,783.629
202103 1,647.674 99.900 1,832.398
202106 1,627.067 99.500 1,816.755
202109 1,657.908 100.100 1,840.096
202112 1,696.298 100.100 1,882.704
202203 1,755.364 101.100 1,928.991
202206 1,772.847 101.800 1,934.807
202209 1,826.163 103.100 1,967.863
202212 1,845.570 104.100 1,969.672
202303 1,877.151 104.400 1,997.620
202306 1,901.167 105.200 2,007.791
202309 1,976.788 106.200 2,067.996
202312 2,005.267 106.800 2,086.003
202403 2,145.775 107.200 2,223.840
202406 0.000 108.200 0.000
202409 2,153.625 108.900 2,197.133
202412 2,276.172 110.700 2,284.397
202503 2,304.114 111.100 2,304.114

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.


MAX Co  (TSE:6454) 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.


MAX Co Cyclically Adjusted PB Ratio Related Terms

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


MAX Co Business Description

Traded in Other Exchanges
N/A
Address
6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502
MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

MAX Co Headlines

No Headlines