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Japan Publications Trading Co (TSE:8072) Cyclically Adjusted PB Ratio : 1.04 (As of Jun. 09, 2024)


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What is Japan Publications Trading Co Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Japan Publications Trading Co's current share price is 円2526.00. Japan Publications Trading Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円2,431.71. Japan Publications Trading Co's Cyclically Adjusted PB Ratio for today is 1.04.

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

TSE:8072' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.81   Max: 1.57
Current: 1.04

During the past years, Japan Publications Trading Co's highest Cyclically Adjusted PB Ratio was 1.57. The lowest was 0.66. And the median was 0.81.

TSE:8072's Cyclically Adjusted PB Ratio is ranked better than
53.68% of 693 companies
in the Media - Diversified industry
Industry Median: 1.13 vs TSE:8072: 1.04

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.

Japan Publications Trading Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円3,363.299. 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2,431.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Publications Trading Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Japan Publications Trading 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.

Japan Publications Trading Co Cyclically Adjusted PB Ratio Chart

Japan Publications Trading Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.78 0.70 0.68 0.83

Japan Publications Trading Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.67 0.83 0.88 1.00 0.95

Competitive Comparison of Japan Publications Trading Co's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Japan Publications Trading 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.


Japan Publications Trading Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Japan Publications Trading Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Japan Publications Trading 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.

Japan Publications Trading Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2526.00/2431.71
=1.04

* 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.

Japan Publications Trading Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Japan Publications Trading Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3363.299/106.8000*106.8000
=3,363.299

Current CPI (Dec. 2023) = 106.8000.

Japan Publications Trading Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,883.271 95.700 2,101.707
201406 1,815.916 98.000 1,978.978
201409 1,816.280 98.500 1,969.327
201412 1,848.744 97.900 2,016.812
201503 1,988.073 97.900 2,168.807
201506 1,929.927 98.400 2,094.677
201509 1,954.475 98.500 2,119.167
201512 1,935.037 98.100 2,106.646
201603 2,101.293 97.900 2,292.320
201606 1,985.354 98.100 2,161.425
201609 1,935.052 98.000 2,108.812
201612 1,904.215 98.400 2,066.770
201703 2,056.681 98.100 2,239.078
201706 1,978.138 98.500 2,144.824
201709 1,982.731 98.800 2,143.276
201712 1,971.490 99.400 2,118.261
201803 2,116.740 99.200 2,278.910
201806 2,055.348 99.200 2,212.814
201809 2,080.724 99.900 2,224.438
201812 2,071.240 99.700 2,218.741
201903 2,168.615 99.700 2,323.050
201906 2,142.568 99.800 2,292.848
201909 2,140.790 100.100 2,284.080
201912 2,141.540 100.500 2,275.786
202003 2,266.520 100.300 2,413.403
202006 2,234.670 99.900 2,389.017
202009 2,225.152 99.900 2,378.841
202012 2,251.302 99.300 2,421.340
202103 2,468.566 99.900 2,639.068
202106 2,557.623 99.500 2,745.268
202109 2,620.995 100.100 2,796.426
202112 2,726.389 100.100 2,908.875
202203 2,634.125 101.100 2,782.636
202206 2,779.001 101.800 2,915.494
202209 2,876.098 103.100 2,979.314
202212 2,888.235 104.100 2,963.146
202303 3,060.764 104.400 3,131.126
202306 3,146.184 105.200 3,194.035
202309 3,286.840 106.200 3,305.410
202312 3,363.299 106.800 3,363.299

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.


Japan Publications Trading Co  (TSE:8072) 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.


Japan Publications Trading Co Cyclically Adjusted PB Ratio Related Terms

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


Japan Publications Trading Co (TSE:8072) Business Description

Traded in Other Exchanges
N/A
Address
1-2-1 Sarugaku-cho, Chiyoda-ku, Tokyo, JPN, 101-0064
Japan Publications Trading Co., Ltd. is a Japan based company involved in publication business. It imports, exports and sells general and academic books and periodicals, language learning textbooks and materials, audio and visual discs, and other general merchandise. The company ships its products around the globe. In addition, the company is also involved in the manufacturing, importing, and selling of office supplies to stationery shops, bookstores and universities.

Japan Publications Trading Co (TSE:8072) Headlines

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