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Yoshinoya Holdings Co (TSE:9861) Cyclically Adjusted PB Ratio : 3.25 (As of May. 14, 2024)


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What is Yoshinoya Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Yoshinoya Holdings Co's current share price is 円2892.00. Yoshinoya Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 was 円889.82. Yoshinoya Holdings Co's Cyclically Adjusted PB Ratio for today is 3.25.

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

TSE:9861' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.79   Med: 2.6   Max: 3.98
Current: 3.24

During the past years, Yoshinoya Holdings Co's highest Cyclically Adjusted PB Ratio was 3.98. The lowest was 1.79. And the median was 2.60.

TSE:9861's Cyclically Adjusted PB Ratio is ranked worse than
66.23% of 228 companies
in the Restaurants industry
Industry Median: 2.115 vs TSE:9861: 3.24

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.

Yoshinoya Holdings Co's adjusted book value per share data for the three months ended in Nov. 2023 was 円921.783. 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889.82 for the trailing ten years ended in Nov. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yoshinoya Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yoshinoya 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.

Yoshinoya Holdings Co Cyclically Adjusted PB Ratio Chart

Yoshinoya Holdings Co 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 2.35 2.43 2.81 2.70 -

Yoshinoya Holdings Co 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 2.70 2.95 3.23 3.67 -

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

For the Restaurants subindustry, Yoshinoya 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.


Yoshinoya Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Yoshinoya Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Yoshinoya 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2892.00/889.82
=3.25

* 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.

Yoshinoya Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 is calculated as:

For example, Yoshinoya Holdings Co's adjusted Book Value per Share data for the three months ended in Nov. 2023 was:

Adj_Book=Book Value per Share/CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=921.783/106.9000*106.9000
=921.783

Current CPI (Nov. 2023) = 106.9000.

Yoshinoya Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201402 831.780 95.500 931.071
201405 831.780 98.100 906.394
201408 1,191.475 98.300 1,295.714
201411 1,172.227 97.900 1,279.990
201502 920.971 97.600 1,008.727
201505 915.003 98.700 991.021
201508 919.423 98.400 998.845
201511 881.048 98.100 960.082
201602 891.052 97.800 973.962
201605 878.297 98.200 956.109
201608 883.830 97.900 965.081
201611 871.215 98.600 944.553
201702 879.476 98.100 958.369
201705 872.176 98.600 945.594
201708 888.108 98.500 963.845
201711 886.218 99.100 955.971
201802 887.109 99.500 953.085
201805 867.171 99.300 933.541
201808 860.060 99.800 921.247
201811 837.612 100.000 895.407
201902 765.730 99.700 821.028
201905 758.714 100.000 811.065
201908 766.938 100.000 819.857
201911 752.582 100.500 800.508
202002 739.767 100.300 788.446
202005 664.083 100.100 709.196
202008 638.647 100.100 682.032
202011 642.855 99.500 690.665
202102 612.498 99.800 656.073
202105 640.994 99.400 689.359
202108 667.433 99.700 715.633
202111 710.440 100.100 758.702
202202 743.839 100.700 789.636
202205 767.576 101.800 806.030
202208 827.962 102.700 861.822
202211 841.601 103.900 865.901
202302 852.055 104.000 875.814
202305 864.671 105.100 879.480
202308 902.519 105.900 911.041
202311 921.783 106.900 921.783

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.


Yoshinoya Holdings Co  (TSE:9861) 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.


Yoshinoya Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


Yoshinoya Holdings Co (TSE:9861) Business Description

Traded in Other Exchanges
N/A
Address
36-2 Nihonbashihakozakicho, 18th Floor Daiwa Rivergate, (Reception on 18th Floor, North Wing), Chuo-ku, Tokyo, JPN, 103-0015
Yoshinoya Holdings Co Ltd owns, operates, and franchises thousands of restaurants primarily in Japan. The company has five business segments: Yoshinoya, a restaurant brand that serves gyudon and other fast food and accounts for roughly half of the company's sales; Hanamaru, a self-service sanuki udon restaurant brand; Arcmeal, which operates Steak-no-Don, Shabu Shabu Don-tei, Steak House Volks, and Don Italiano restaurants; Kyotaru, which operates takeout sushi and rotary sushi restaurants called Sushi Misaki Maru, Kaisen Misakiko, and Kyotaru; and Overseas, which operates primarily Yoshinoya restaurants in China, the United States, Thailand, and Malaysia. The company has roughly 2,000 stores in Japan and nearly 700 outside Japan.

Yoshinoya Holdings Co (TSE:9861) Headlines

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