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TV Tokyo Holdings (TSE:9413) Cyclically Adjusted PB Ratio : 1.02 (As of Jun. 05, 2024)


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What is TV Tokyo Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-05), TV Tokyo Holdings's current share price is 円3140.00. TV Tokyo Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円3,076.93. TV Tokyo Holdings's Cyclically Adjusted PB Ratio for today is 1.02.

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

TSE:9413' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.83   Max: 1.14
Current: 1.01

During the past years, TV Tokyo Holdings's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.63. And the median was 0.83.

TSE:9413's Cyclically Adjusted PB Ratio is ranked better than
54.49% of 679 companies
in the Media - Diversified industry
Industry Median: 1.13 vs TSE:9413: 1.01

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.

TV Tokyo Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was 円3,548.914. 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3,076.93 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TV Tokyo Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TV Tokyo Holdings'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.

TV Tokyo Holdings Cyclically Adjusted PB Ratio Chart

TV Tokyo Holdings 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 - - 0.90 0.72 0.84

TV Tokyo Holdings 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 0.63 0.84 1.13 0.98 0.97

Competitive Comparison of TV Tokyo Holdings's Cyclically Adjusted PB Ratio

For the Broadcasting subindustry, TV Tokyo Holdings'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.


TV Tokyo Holdings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TV Tokyo Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TV Tokyo Holdings 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.

TV Tokyo Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3140.00/3076.93
=1.02

* 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.

TV Tokyo Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, TV Tokyo Holdings'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)
=3548.914/106.8000*106.8000
=3,548.914

Current CPI (Dec. 2023) = 106.8000.

TV Tokyo Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,313.258 95.700 2,581.567
201406 2,323.336 98.000 2,531.962
201409 2,359.828 98.500 2,558.676
201412 2,423.797 97.900 2,644.142
201503 2,450.652 97.900 2,673.439
201506 2,493.759 98.400 2,706.641
201509 2,508.363 98.500 2,719.728
201512 2,576.152 98.100 2,804.618
201603 2,555.952 97.900 2,788.311
201606 2,587.000 98.100 2,816.428
201609 2,592.729 98.000 2,825.545
201612 2,664.903 98.400 2,892.395
201703 2,689.730 98.100 2,928.269
201706 2,715.793 98.500 2,944.636
201709 2,761.092 98.800 2,984.662
201712 2,813.005 99.400 3,022.424
201803 2,878.098 99.200 3,098.597
201806 2,892.101 99.200 3,113.673
201809 2,911.374 99.900 3,112.460
201812 2,910.631 99.700 3,117.908
201903 2,936.760 99.700 3,145.897
201906 2,899.841 99.800 3,103.237
201909 2,903.767 100.100 3,098.125
201912 2,974.669 100.500 3,161.141
202003 2,911.461 100.300 3,100.140
202006 2,928.966 99.900 3,131.267
202009 2,969.421 99.900 3,174.516
202012 3,015.959 99.300 3,243.750
202103 3,065.803 99.900 3,277.555
202106 3,096.005 99.500 3,323.149
202109 3,160.860 100.100 3,372.426
202112 3,197.793 100.100 3,411.831
202203 3,229.532 101.100 3,411.612
202206 3,248.412 101.800 3,407.961
202209 3,281.885 103.100 3,399.664
202212 3,365.599 104.100 3,452.891
202303 3,414.118 104.400 3,492.603
202306 3,421.053 105.200 3,473.084
202309 3,461.881 106.200 3,481.440
202312 3,548.914 106.800 3,548.914

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.


TV Tokyo Holdings  (TSE:9413) 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.


TV Tokyo Holdings Cyclically Adjusted PB Ratio Related Terms

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TV Tokyo Holdings (TSE:9413) Business Description

Traded in Other Exchanges
N/A
Address
Roppongi Grand Tower 3-2-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8007
TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.

TV Tokyo Holdings (TSE:9413) Headlines

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