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W-SCOPE (TSE:6619) Cyclically Adjusted PB Ratio : 0.96 (As of Jun. 15, 2024)


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What is W-SCOPE Cyclically Adjusted PB Ratio?

As of today (2024-06-15), W-SCOPE's current share price is 円571.00. W-SCOPE's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was 円593.41. W-SCOPE's Cyclically Adjusted PB Ratio for today is 0.96.

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

TSE:6619' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 2.04   Max: 6.04
Current: 0.96

During the past years, W-SCOPE's highest Cyclically Adjusted PB Ratio was 6.04. The lowest was 0.31. And the median was 2.04.

TSE:6619's Cyclically Adjusted PB Ratio is ranked better than
79.41% of 2185 companies
in the Industrial Products industry
Industry Median: 1.83 vs TSE:6619: 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.

W-SCOPE's adjusted book value per share data for the three months ended in Apr. 2024 was 円1,019.951. 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593.41 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


W-SCOPE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for W-SCOPE'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.

W-SCOPE Cyclically Adjusted PB Ratio Chart

W-SCOPE Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.78

W-SCOPE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Apr24
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 2.59 2.37 2.37 1.78 0.87

Competitive Comparison of W-SCOPE's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, W-SCOPE'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.


W-SCOPE's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



W-SCOPE 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.

W-SCOPE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=571.00/593.41
=0.96

* 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.

W-SCOPE's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, W-SCOPE's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book=Book Value per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=1019.951/107.7000*107.7000
=1,019.951

Current CPI (Apr. 2024) = 107.7000.

W-SCOPE Quarterly Data

Book Value per Share CPI Adj_Book
201403 341.429 95.700 384.241
201406 355.281 98.000 390.447
201409 373.468 98.500 408.350
201412 393.221 97.900 432.583
201503 398.571 97.900 438.469
201506 417.151 98.400 456.577
201509 407.483 98.500 445.542
201512 436.597 98.100 479.322
201603 429.632 97.900 472.639
201606 590.660 98.100 648.462
201609 616.091 98.000 677.071
201612 667.649 98.400 730.750
201703 694.954 98.100 762.962
201706 679.449 98.500 742.910
201709 671.288 98.800 731.758
201712 735.542 99.400 796.960
201803 670.462 99.200 727.911
201806 640.012 99.200 694.852
201809 652.952 99.900 703.933
201812 570.043 99.700 615.784
201903 513.684 99.700 554.902
201906 423.757 99.800 457.301
201909 372.197 100.100 400.456
201912 419.145 100.500 449.173
202003 343.586 100.300 368.935
202006 301.408 99.900 324.941
202009 257.937 99.900 278.076
202012 219.256 99.300 237.803
202103 233.147 99.900 251.351
202106 301.783 99.500 326.654
202109 537.960 100.100 578.804
202112 561.947 100.100 604.612
202203 611.238 101.100 651.141
202206 675.223 101.800 714.357
202209 867.478 103.100 906.182
202212 913.605 104.100 945.199
202303 904.515 104.400 933.106
202306 978.917 105.200 1,002.180
202309 975.821 106.200 989.604
202404 1,019.951 107.700 1,019.951

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.


W-SCOPE  (TSE:6619) 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.


W-SCOPE Cyclically Adjusted PB Ratio Related Terms

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


W-SCOPE (TSE:6619) Business Description

Traded in Other Exchanges
N/A
Address
5-1-11,Osaki, 10F Sumitomo-Semei Gotanda Building, Shinagawa-ku, Tokyo, JPN, 141-0032
W-SCOPE Corp is a Japanese company which is engaged in manufacturing plastic film and sheets. The company mainly focuses on manufacturing and sale of separators for lithium-ion secondary cell batteries which are widely used in portable electronics such as mobile PCs and other devices.

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