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AIT (TSE:9381) Cyclically Adjusted PB Ratio : 4.17 (As of Jun. 23, 2024)


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What is AIT Cyclically Adjusted PB Ratio?

As of today (2024-06-23), AIT's current share price is 円1849.00. AIT's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was 円442.94. AIT's Cyclically Adjusted PB Ratio for today is 4.17.

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

TSE:9381' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.29   Med: 4.17   Max: 5.73
Current: 4.17

During the past years, AIT's highest Cyclically Adjusted PB Ratio was 5.73. The lowest was 2.29. And the median was 4.17.

TSE:9381's Cyclically Adjusted PB Ratio is ranked worse than
88.12% of 724 companies
in the Transportation industry
Industry Median: 1.27 vs TSE:9381: 4.17

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.

AIT's adjusted book value per share data for the three months ended in Feb. 2024 was 円745.480. 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442.94 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AIT'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.

AIT Cyclically Adjusted PB Ratio Chart

AIT Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.41 3.58 4.12 4.01 4.05

AIT Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 4.01 4.08 4.46 3.87 4.05

Competitive Comparison of AIT's Cyclically Adjusted PB Ratio

For the Integrated Freight & Logistics subindustry, AIT'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.


AIT's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, AIT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AIT 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1849.00/442.94
=4.17

* 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.

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

For example, AIT's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=745.48/106.9000*106.9000
=745.480

Current CPI (Feb. 2024) = 106.9000.

AIT Quarterly Data

Book Value per Share CPI Adj_Book
201405 204.328 98.100 222.657
201408 215.862 98.300 234.747
201411 230.827 97.900 252.047
201502 250.610 97.600 274.490
201505 221.181 98.700 239.557
201508 234.301 98.400 254.540
201511 237.527 98.100 258.834
201602 247.253 97.800 270.259
201605 240.396 98.200 261.694
201608 246.429 97.900 269.083
201611 245.973 98.600 266.679
201702 264.498 98.100 288.225
201705 261.501 98.600 283.514
201708 273.799 98.500 297.148
201711 276.691 99.100 298.469
201802 292.101 99.500 313.825
201805 280.773 99.300 302.262
201808 297.283 99.800 318.432
201811 300.834 100.000 321.592
201902 310.095 99.700 332.489
201905 472.995 100.000 505.632
201908 482.112 100.000 515.378
201911 469.348 100.500 499.237
202002 477.229 100.300 508.632
202005 469.494 100.100 501.388
202008 483.151 100.100 515.972
202011 490.074 99.500 526.522
202102 511.669 99.800 548.070
202105 524.098 99.400 563.643
202108 546.019 99.700 585.451
202111 567.897 100.100 606.475
202202 593.013 100.700 629.524
202205 605.229 101.800 635.550
202208 664.053 102.700 691.210
202211 692.997 103.900 713.007
202302 694.572 104.000 713.940
202305 681.547 105.100 693.220
202308 723.005 105.900 729.832
202311 729.092 106.900 729.092
202402 745.480 106.900 745.480

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.


AIT  (TSE:9381) 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.


AIT Cyclically Adjusted PB Ratio Related Terms

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


AIT (TSE:9381) Business Description

Industry
Traded in Other Exchanges
N/A
Address
15 Floor, Sakaisuji-Honmachi-Center Building, 2-1-6 Honmachi, Chuo-ku, Osaka, JPN, 541-0053
AIT Corp is a Japan-based integrated logistics company. It is engaged in the delivery and cargo services. The services offered by the company include freight forwarding through marine, air, motor truck, railroad, and coastal transport. AIT also offers airfreight agency, customs clearance, warehousing, ship brokerage, import, and export agency, and nonlife insurance services. The company has network operations in Taiwan, Vietnam, Indonesia, Malaysia, Korea, Myanmar, Cambodia, Singapore, Philippine, Bangladesh, India, Sri Lanka, Pakistan, Australia, and Canada.

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