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Nihon Kohden (TSE:6849) Cyclically Adjusted PB Ratio : 2.89 (As of May. 21, 2024)


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What is Nihon Kohden Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Nihon Kohden's current share price is 円4474.00. Nihon Kohden's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円1,546.15. Nihon Kohden's Cyclically Adjusted PB Ratio for today is 2.89.

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

TSE:6849' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.14   Med: 2.91   Max: 3.94
Current: 2.83

During the past years, Nihon Kohden's highest Cyclically Adjusted PB Ratio was 3.94. The lowest was 2.14. And the median was 2.91.

TSE:6849's Cyclically Adjusted PB Ratio is ranked worse than
61.19% of 469 companies
in the Medical Devices & Instruments industry
Industry Median: 2.14 vs TSE:6849: 2.83

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.

Nihon Kohden's adjusted book value per share data for the three months ended in Mar. 2024 was 円2,158.369. 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1,546.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nihon Kohden Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nihon Kohden'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.

Nihon Kohden Cyclically Adjusted PB Ratio Chart

Nihon Kohden 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 3.79 2.82 2.34 2.56 2.58

Nihon Kohden 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 2.56 2.67 2.49 2.95 2.58

Competitive Comparison of Nihon Kohden's Cyclically Adjusted PB Ratio

For the Medical Devices subindustry, Nihon Kohden'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.


Nihon Kohden's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nihon Kohden's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Nihon Kohden 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.

Nihon Kohden's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4474.00/1546.15
=2.89

* 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.

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

For example, Nihon Kohden'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)
=2158.369/107.2000*107.2000
=2,158.369

Current CPI (Mar. 2024) = 107.2000.

Nihon Kohden Quarterly Data

Book Value per Share CPI Adj_Book
201406 988.078 98.000 1,080.836
201409 1,031.157 98.500 1,122.234
201412 1,057.085 97.900 1,157.503
201503 1,129.542 97.900 1,236.843
201506 1,132.612 98.400 1,233.903
201509 1,152.598 98.500 1,254.401
201512 1,162.149 98.100 1,269.953
201603 1,140.220 97.900 1,248.535
201606 1,094.749 98.100 1,196.301
201609 1,116.381 98.000 1,221.184
201612 1,134.010 98.400 1,235.426
201703 1,212.799 98.100 1,325.301
201706 1,193.385 98.500 1,298.791
201709 1,223.026 98.800 1,327.008
201712 1,231.677 99.400 1,328.328
201803 1,284.128 99.200 1,387.687
201806 1,268.440 99.200 1,370.734
201809 1,323.080 99.900 1,419.762
201812 1,304.867 99.700 1,403.027
201903 1,363.214 99.700 1,465.763
201906 1,338.554 99.800 1,437.805
201909 1,383.553 100.100 1,481.687
201912 1,387.593 100.500 1,480.099
202003 1,430.002 100.300 1,528.377
202006 1,427.689 99.900 1,532.015
202009 1,489.634 99.900 1,598.486
202012 1,499.957 99.300 1,619.289
202103 1,631.842 99.900 1,751.086
202106 1,647.350 99.500 1,774.833
202109 1,737.296 100.100 1,860.521
202112 1,773.095 100.100 1,898.859
202203 1,852.350 101.100 1,964.114
202206 1,860.310 101.800 1,958.990
202209 1,930.690 103.100 2,007.468
202212 1,916.628 104.100 1,973.703
202303 1,992.264 104.400 2,045.696
202306 2,015.824 105.200 2,054.148
202309 2,071.918 106.200 2,091.428
202312 2,037.808 106.800 2,045.440
202403 2,158.369 107.200 2,158.369

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.


Nihon Kohden  (TSE:6849) 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.


Nihon Kohden Cyclically Adjusted PB Ratio Related Terms

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Nihon Kohden (TSE:6849) Business Description

Traded in Other Exchanges
Address
31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, JPN, 1618560
Nihon Kohden Corp manufactures electronic medical equipment. The firm operates in four categories: physiological measuring equipment, treatment equipment, patient monitors, and other medical equipment. The patient monitors segment contributes the largest proportion of revenue and includes continuous monitoring instruments and clinical information systems. The physiological measuring equipment segment sells electroencephalographs, electrocardiographs, and diagnostic information systems. The treatment equipment segment sells defibrillators, pacemakers, ventilators, and related consumables. The other medical equipment segment sells automated hematology analyzers, ultrasound diagnostic equipment, and other laboratory equipment. Nihon Kohden generates the majority of its revenue in Japan.

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