Koken (TSE:7963) Cyclically Adjusted PB Ratio : 0.76 (As of Jun. 20, 2024)

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What is Koken Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Koken's current share price is 円1620.00. Koken's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円2,136.75. Koken's Cyclically Adjusted PB Ratio for today is 0.76.

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

TSE:7963' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67 Med: 0.86 Max: 2.21
Current: 0.76

During the past years, Koken's highest Cyclically Adjusted PB Ratio was 2.21. The lowest was 0.67. And the median was 0.86.

TSE:7963's Cyclically Adjusted PB Ratio is ranked better than
79.5% of 478 companies
in the Medical Devices & Instruments industry
Industry Median: 2.05 vs TSE:7963: 0.76

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.

Koken's adjusted book value per share data for the three months ended in Mar. 2024 was 円2,503.845. 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2,136.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Koken Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Koken'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.

Koken Cyclically Adjusted PB Ratio Chart

Koken Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.75

1.29

0.96

0.84

0.76

Koken 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															0.80	0.81	0.79	0.76	0.76

Competitive Comparison of Koken's Cyclically Adjusted PB Ratio

For the Medical Devices subindustry, Koken'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.

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

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

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

Koken 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.

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

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	1620.00	/	2136.75
	=	0.76

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

For example, Koken'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)
	=	2503.845	/	107.2000	*	107.2000
	=	2,503.845

Current CPI (Mar. 2024) = 107.2000.

Koken Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	1,703.817	98.000	1,863.767
201409	1,711.379	98.500	1,862.536
201412	1,731.711	97.900	1,896.215
201503	1,731.774	97.900	1,896.284
201506	1,735.714	98.400	1,890.940
201509	1,737.173	98.500	1,890.609
201512	1,751.564	98.100	1,914.043
201603	1,742.826	97.900	1,908.386
201606	1,735.485	98.100	1,896.473
201609	1,749.193	98.000	1,913.403
201612	1,795.476	98.400	1,956.047
201703	1,830.110	98.100	1,999.876
201706	1,839.813	98.500	2,002.314
201709	1,848.765	98.800	2,005.947
201712	1,879.871	99.400	2,027.386
201803	1,883.668	99.200	2,035.577
201806	1,880.610	99.200	2,032.272
201809	1,895.966	99.900	2,034.510
201812	1,911.512	99.700	2,055.307
201903	1,894.031	99.700	2,036.511
201906	1,898.750	99.800	2,039.539
201909	1,921.328	100.100	2,057.606
201912	1,956.953	100.500	2,087.417
202003	1,984.626	100.300	2,121.156
202006	2,021.601	99.900	2,169.326
202009	2,049.426	99.900	2,199.184
202012	2,090.667	99.300	2,256.994
202103	2,175.512	99.900	2,334.483
202106	2,178.466	99.500	2,347.051
202109	2,188.907	100.100	2,344.164
202112	2,220.003	100.100	2,377.466
202203	2,236.903	101.100	2,371.869
202206	2,250.663	101.800	2,370.050
202209	2,293.189	103.100	2,384.383
202212	2,392.008	104.100	2,463.240
202303	2,405.093	104.400	2,469.597
202306	2,427.970	105.200	2,474.129
202309	2,448.521	106.200	2,471.577
202312	2,499.090	106.800	2,508.450
202403	2,503.845	107.200	2,503.845

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.

Koken (TSE:7963) 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.

Koken Cyclically Adjusted PB Ratio Related Terms

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

Koken (TSE:7963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Koken Ltd (TSE:7963) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

7, Yonbancho, Chiyoda-ku, Tokyo, JPN, 102 8459

Website

https://www.koken-ltd.co.jp

Koken Ltd is engaged in the production and sales of occupational personal protective equipment including particulate respirators, chemical cartridge respirators among others. It is also involved in the production and sales of environment quality improvement equipment.

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