GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jafco Group Co Ltd (TSE:8595) » Definitions » Cyclically Adjusted PB Ratio

Jafco Group Co (TSE:8595) Cyclically Adjusted PB Ratio : 0.91 (As of Jun. 25, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Jafco Group Co Cyclically Adjusted PB Ratio?

As of today (2024-06-25), Jafco Group Co's current share price is 円1896.50. Jafco Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円2,085.64. Jafco Group Co's Cyclically Adjusted PB Ratio for today is 0.91.

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

TSE:8595' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.14   Max: 2.14
Current: 0.91

During the past years, Jafco Group Co's highest Cyclically Adjusted PB Ratio was 2.14. The lowest was 0.67. And the median was 1.14.

TSE:8595's Cyclically Adjusted PB Ratio is ranked worse than
59.43% of 954 companies
in the Asset Management industry
Industry Median: 0.79 vs TSE:8595: 0.91

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.

Jafco Group Co's adjusted book value per share data for the three months ended in Mar. 2024 was 円2,526.223. 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2,085.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jafco Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jafco Group 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.

Jafco Group Co Cyclically Adjusted PB Ratio Chart

Jafco Group Co 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 0.72 1.50 1.11 0.99 0.90

Jafco Group Co 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 0.99 0.94 0.82 0.81 0.90

Competitive Comparison of Jafco Group Co's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Jafco Group 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.


Jafco Group Co's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Jafco Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Jafco Group 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.

Jafco Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1896.50/2085.64
=0.91

* 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.

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

For example, Jafco Group Co'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)
=2526.223/107.2000*107.2000
=2,526.223

Current CPI (Mar. 2024) = 107.2000.

Jafco Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,149.473 98.000 1,257.383
201409 1,197.930 98.500 1,303.737
201412 1,328.312 97.900 1,454.495
201503 1,413.358 97.900 1,547.620
201506 1,468.976 98.400 1,600.348
201509 1,477.999 98.500 1,608.543
201512 1,505.075 98.100 1,644.690
201603 1,423.688 97.900 1,558.931
201606 1,384.396 98.100 1,512.816
201609 1,380.865 98.000 1,510.497
201612 1,502.603 98.400 1,636.982
201703 1,561.579 98.100 1,706.435
201706 1,598.745 98.500 1,739.954
201709 1,670.376 98.800 1,812.392
201712 1,756.815 99.400 1,894.674
201803 1,727.479 99.200 1,866.792
201806 1,740.864 99.200 1,881.256
201809 1,820.051 99.900 1,953.048
201812 1,655.987 99.700 1,780.560
201903 1,758.904 99.700 1,891.219
201906 1,740.487 99.800 1,869.541
201909 1,909.444 100.100 2,044.879
201912 2,078.152 100.500 2,216.695
202003 2,029.948 100.300 2,169.595
202006 2,181.070 99.900 2,340.447
202009 2,268.727 99.900 2,434.510
202012 2,457.578 99.300 2,653.095
202103 2,438.670 99.900 2,616.871
202106 2,562.409 99.500 2,760.706
202109 2,653.924 100.100 2,842.164
202112 2,882.729 100.100 3,087.198
202203 2,769.142 101.100 2,936.222
202206 2,660.756 101.800 2,801.896
202209 2,655.522 103.100 2,761.125
202212 2,448.275 104.100 2,521.182
202303 2,404.108 104.400 2,468.586
202306 2,344.035 105.200 2,388.598
202309 2,390.850 106.200 2,413.363
202312 2,401.324 106.800 2,410.318
202403 2,526.223 107.200 2,526.223

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.


Jafco Group Co  (TSE:8595) 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.


Jafco Group Co Cyclically Adjusted PB Ratio Related Terms

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


Jafco Group Co (TSE:8595) Business Description

Traded in Other Exchanges
Address
1-23-1 Toranomon, Minato-ku, Toranomon Hills Mori Tower, 24th Floor, Tokyo, JPN, 105-6324
Jafco Group is a Japan-based investment and a financial-services provider that operates under a single segment: management of funds. The company operates through its subsidiaries in the United States, Singapore, Hong Kong, and Korea. Its business involves investing in unlisted private equity companies to accomplish its objective of obtaining income and capital appreciation for its investors. The company also provides consulting services related to business management, stock listing support services, and comprehensive investment support services for business growth purposes.

Jafco Group Co (TSE:8595) Headlines

No Headlines