GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Japan Airport Terminal Co Ltd (TSE:9706) » Definitions » Cyclically Adjusted PB Ratio

Japan Airport Terminal Co (TSE:9706) Cyclically Adjusted PB Ratio : 2.40 (As of Jun. 03, 2025)


View and export this data going back to 1990. Start your Free Trial

What is Japan Airport Terminal Co Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Japan Airport Terminal Co's current share price is 円4490.00. Japan Airport Terminal Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was 円1,870.71. Japan Airport Terminal Co's Cyclically Adjusted PB Ratio for today is 2.40.

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

TSE:9706' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.97   Med: 3.25   Max: 4.4
Current: 2.39

During the past years, Japan Airport Terminal Co's highest Cyclically Adjusted PB Ratio was 4.40. The lowest was 1.97. And the median was 3.25.

TSE:9706's Cyclically Adjusted PB Ratio is ranked worse than
75.84% of 712 companies
in the Transportation industry
Industry Median: 1.245 vs TSE:9706: 2.39

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 Airport Terminal Co's adjusted book value per share data for the three months ended in Dec. 2024 was 円1,920.123. 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1,870.71 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Airport Terminal Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Japan Airport Terminal 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 Airport Terminal Co Cyclically Adjusted PB Ratio Chart

Japan Airport Terminal Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.50 3.45 3.88 3.32 -

Japan Airport Terminal Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.32 - 2.82 2.67 -

Competitive Comparison of Japan Airport Terminal Co's Cyclically Adjusted PB Ratio

For the Airports & Air Services subindustry, Japan Airport Terminal 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 Airport Terminal Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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


;
;

Japan Airport Terminal 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 Airport Terminal Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4490.00/1870.71
=2.40

* 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 Airport Terminal Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Japan Airport Terminal Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1920.123/110.7000*110.7000
=1,920.123

Current CPI (Dec. 2024) = 110.7000.

Japan Airport Terminal Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 1,349.309 97.900 1,525.725
201506 1,375.925 98.400 1,547.916
201509 1,407.613 98.500 1,581.957
201512 1,438.710 98.100 1,623.498
201603 1,427.631 97.900 1,614.288
201606 1,436.063 98.100 1,620.511
201609 1,466.594 98.000 1,656.653
201612 1,497.803 98.400 1,685.028
201703 1,511.898 98.100 1,706.087
201706 1,534.514 98.500 1,724.576
201709 1,580.704 98.800 1,771.092
201712 1,611.949 99.400 1,795.199
201803 1,641.790 99.200 1,832.118
201806 1,937.719 99.200 2,162.354
201809 1,985.424 99.900 2,200.064
201812 1,989.868 99.700 2,209.412
201903 2,011.585 99.700 2,233.525
201906 2,023.526 99.800 2,244.532
201909 2,060.582 100.100 2,278.785
201912 2,072.560 100.500 2,282.909
202003 2,001.822 100.300 2,209.389
202006 1,867.841 99.900 2,069.770
202009 1,676.589 99.900 1,857.842
202012 1,601.110 99.300 1,784.923
202103 1,910.830 99.900 2,117.406
202106 1,838.850 99.500 2,045.836
202109 1,767.203 100.100 1,954.339
202112 1,714.732 100.100 1,896.312
202203 1,655.303 101.100 1,812.483
202206 1,616.511 101.800 1,757.837
202209 1,614.171 103.100 1,733.159
202212 1,625.026 104.100 1,728.054
202303 1,613.630 104.400 1,711.004
202306 1,642.233 105.200 1,728.091
202309 1,694.060 106.200 1,765.842
202312 1,730.319 106.800 1,793.505
202403 1,805.661 107.200 1,864.614
202406 0.000 108.200 0.000
202409 1,879.802 108.900 1,910.873
202412 1,920.123 110.700 1,920.123

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 Airport Terminal Co  (TSE:9706) 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 Airport Terminal Co Cyclically Adjusted PB Ratio Related Terms

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


Japan Airport Terminal Co Business Description

Traded in Other Exchanges
Address
3-2, Haneda Airport 3-Chome, Ohta-ku, Tokyo, JPN, 144-0041
Japan Airport Terminal Co Ltd is a Japanese airport operations company. It is principally involved in the management and operation of Haneda airport terminal building. The company's business consists of three segments, Facilities Management, Merchandise Sales, and Food and Beverage. The segment of facilities management operations leases, maintains and repairs, and operates passenger terminal facilities at Haneda Airport. The segment of merchandise sales operations is engaged in retail sales of products to passengers and others and wholesales of products to companies operating airport terminals and others. The segment of food and beverage operations provides food and beverage services to parties including users of Haneda Airport and Narita International Airport.

Japan Airport Terminal Co Headlines

No Headlines