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Hosiden (TSE:6804) Cyclically Adjusted PB Ratio : 1.09 (As of Jun. 15, 2024)


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What is Hosiden Cyclically Adjusted PB Ratio?

As of today (2024-06-15), Hosiden's current share price is 円2030.00. Hosiden's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円1,854.74. Hosiden's Cyclically Adjusted PB Ratio for today is 1.09.

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

TSE:6804' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.78   Max: 1.43
Current: 1.08

During the past years, Hosiden's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.45. And the median was 0.78.

TSE:6804's Cyclically Adjusted PB Ratio is ranked better than
70.76% of 2185 companies
in the Industrial Products industry
Industry Median: 1.83 vs TSE:6804: 1.08

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.

Hosiden's adjusted book value per share data for the three months ended in Mar. 2024 was 円2,609.149. 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1,854.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hosiden Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hosiden'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.

Hosiden Cyclically Adjusted PB Ratio Chart

Hosiden Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.78 0.73 0.94 1.05

Hosiden 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 0.94 1.03 1.07 0.94 1.05

Competitive Comparison of Hosiden's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Hosiden'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.


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

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

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



Hosiden 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2030.00/1854.74
=1.09

* 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.

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

For example, Hosiden'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)
=2609.149/107.2000*107.2000
=2,609.149

Current CPI (Mar. 2024) = 107.2000.

Hosiden Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,344.940 98.000 1,471.200
201409 1,356.538 98.500 1,476.354
201412 1,358.383 97.900 1,487.422
201503 1,420.981 97.900 1,555.967
201506 1,386.483 98.400 1,510.477
201509 1,305.981 98.500 1,421.332
201512 1,281.375 98.100 1,400.239
201603 1,239.174 97.900 1,356.889
201606 1,177.493 98.100 1,286.720
201609 1,170.122 98.000 1,279.970
201612 1,259.366 98.400 1,371.992
201703 1,289.268 98.100 1,408.864
201706 1,364.373 98.500 1,484.881
201709 1,432.977 98.800 1,554.809
201712 1,512.023 99.400 1,630.673
201803 1,463.039 99.200 1,581.026
201806 1,495.599 99.200 1,616.212
201809 1,557.323 99.900 1,671.121
201812 1,559.694 99.700 1,677.023
201903 1,609.922 99.700 1,731.029
201906 1,599.661 99.800 1,718.273
201909 1,656.831 100.100 1,774.348
201912 1,723.579 100.500 1,838.484
202003 1,723.777 100.300 1,842.362
202006 1,728.977 99.900 1,855.319
202009 1,777.286 99.900 1,907.158
202012 1,856.596 99.300 2,004.301
202103 1,935.098 99.900 2,076.502
202106 2,085.317 99.500 2,246.693
202109 2,150.453 100.100 2,302.983
202112 2,200.961 100.100 2,357.073
202203 2,175.085 101.100 2,306.322
202206 2,268.779 101.800 2,389.127
202209 2,349.045 103.100 2,442.460
202212 2,368.802 104.100 2,439.343
202303 2,379.000 104.400 2,442.805
202306 2,449.060 105.200 2,495.620
202309 2,545.832 106.200 2,569.804
202312 2,587.559 106.800 2,597.250
202403 2,609.149 107.200 2,609.149

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.


Hosiden  (TSE:6804) 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.


Hosiden Cyclically Adjusted PB Ratio Related Terms

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


Hosiden (TSE:6804) Business Description

Traded in Other Exchanges
Address
4-33, Kitakyuhoji 1-Chome, Yao-City, Osaka, JPN, 581-0071
Hosiden Corp is a Japanese electronic parts and equipment manufacturer. The company offers its product through four segments, Electromechanical Components, Acoustic Components, Display Components, and Allied Equipment and Others. Its product portfolio includes connector, switch, acoustic parts, and touch panel that are also used in various electronic devices. It derives the majority of its revenues from its Electromechanical Components segment which mainly includes electrical parts.

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