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Traders Holdings Co (TSE:8704) Cyclically Adjusted PB Ratio : 4.67 (As of Jun. 02, 2025)


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What is Traders Holdings Co Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Traders Holdings Co's current share price is 円1079.00. Traders Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円231.22. Traders Holdings Co's Cyclically Adjusted PB Ratio for today is 4.67.

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

TSE:8704' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 2.85   Max: 4.88
Current: 4.65

During the past years, Traders Holdings Co's highest Cyclically Adjusted PB Ratio was 4.88. The lowest was 0.89. And the median was 2.85.

TSE:8704's Cyclically Adjusted PB Ratio is ranked worse than
82.97% of 505 companies
in the Capital Markets industry
Industry Median: 1.26 vs TSE:8704: 4.65

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.

Traders Holdings Co's adjusted book value per share data for the three months ended in Sep. 2024 was 円591.291. 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231.22 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Traders Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Traders Holdings 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.

Traders Holdings Co Cyclically Adjusted PB Ratio Chart

Traders Holdings 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 2.67 3.30 2.52 2.84 3.42

Traders Holdings Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 3.10 3.50 2.62 3.42 3.54

Competitive Comparison of Traders Holdings Co's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Traders Holdings 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.


Traders Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Traders Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Traders Holdings 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.

Traders Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1079.00/231.22
=4.67

* 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.

Traders Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Traders Holdings Co's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=591.291/108.9000*108.9000
=591.291

Current CPI (Sep. 2024) = 108.9000.

Traders Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201409 56.499 98.500 62.464
201412 67.103 97.900 74.643
201503 93.216 97.900 103.690
201506 95.564 98.400 105.761
201509 96.617 98.500 106.818
201512 218.858 98.100 242.952
201603 215.763 97.900 240.006
201606 200.402 98.100 222.465
201609 173.305 98.000 192.581
201612 164.355 98.400 181.893
201703 159.894 98.100 177.497
201706 118.243 98.500 130.728
201709 97.258 98.800 107.200
201712 65.429 99.400 71.682
201803 23.863 99.200 26.196
201806 30.488 99.200 33.469
201809 26.880 99.900 29.302
201812 7.871 99.700 8.597
201903 112.752 99.700 123.156
201906 116.784 99.800 127.433
201909 151.865 100.100 165.216
201912 161.753 100.500 175.273
202003 188.902 100.300 205.099
202006 206.221 99.900 224.799
202009 214.006 99.900 233.286
202012 228.308 99.300 250.380
202103 251.072 99.900 273.691
202106 259.460 99.500 283.972
202109 274.143 100.100 298.243
202112 300.353 100.100 326.758
202203 317.379 101.100 341.865
202206 339.864 101.800 363.568
202209 357.608 103.100 377.726
202212 382.106 104.100 399.725
202303 416.913 104.400 434.883
202306 446.085 105.200 461.774
202309 449.151 106.200 460.570
202312 488.512 106.800 498.118
202403 506.022 107.200 514.047
202409 591.291 108.900 591.291

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.


Traders Holdings Co  (TSE:8704) 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.


Traders Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


Traders Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
1-10-14 Hamamatsucho, Sumitomo Higashi Shimbashi Building No. 3, 7th Floor, Minato-ku, Tokyo, JPN, 105-0013
Traders Holdings Co Ltd is a holding company engaged in the provision of financial services. Through its subsidiaries, it offers foreign exchange and securities trading services. Its services comprise futures and options trading, spot trading, financial brokerage services, and online securities trading services, among others.

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