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Gecoss (TSE:9991) Cyclically Adjusted PB Ratio : 0.67 (As of May. 19, 2024)


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What is Gecoss Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Gecoss's current share price is 円996.00. Gecoss's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,495.06. Gecoss's Cyclically Adjusted PB Ratio for today is 0.67.

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

TSE:9991' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.79   Max: 1.49
Current: 0.67

During the past years, Gecoss's highest Cyclically Adjusted PB Ratio was 1.49. The lowest was 0.58. And the median was 0.79.

TSE:9991's Cyclically Adjusted PB Ratio is ranked better than
78% of 659 companies
in the Business Services industry
Industry Median: 1.56 vs TSE:9991: 0.67

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.

Gecoss's adjusted book value per share data for the three months ended in Dec. 2023 was 円1,814.262. 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1,495.06 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gecoss Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gecoss'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.

Gecoss Cyclically Adjusted PB Ratio Chart

Gecoss 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 1.01 0.72 0.82 0.63 0.63

Gecoss 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 0.61 0.63 0.61 0.67 0.71

Competitive Comparison of Gecoss's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Gecoss'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.


Gecoss's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



Gecoss 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=996.00/1495.06
=0.67

* 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.

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

For example, Gecoss'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)
=1814.262/106.8000*106.8000
=1,814.262

Current CPI (Dec. 2023) = 106.8000.

Gecoss Quarterly Data

Book Value per Share CPI Adj_Book
201403 908.005 95.700 1,013.322
201406 950.199 98.000 1,035.523
201409 983.905 98.500 1,066.813
201412 1,015.853 97.900 1,108.203
201503 1,074.848 97.900 1,172.561
201506 1,094.243 98.400 1,187.654
201509 1,122.897 98.500 1,217.517
201512 1,155.369 98.100 1,257.833
201603 1,180.692 97.900 1,288.028
201606 1,175.609 98.100 1,279.868
201609 1,201.214 98.000 1,309.078
201612 1,224.814 98.400 1,329.371
201703 1,278.597 98.100 1,391.989
201706 1,288.679 98.500 1,397.268
201709 1,317.829 98.800 1,424.536
201712 1,338.160 99.400 1,437.782
201803 1,374.554 99.200 1,479.863
201806 1,385.159 99.200 1,491.280
201809 1,407.275 99.900 1,504.474
201812 1,420.847 99.700 1,522.031
201903 1,458.731 99.700 1,562.613
201906 1,461.890 99.800 1,564.427
201909 1,490.766 100.100 1,590.548
201912 1,515.977 100.500 1,611.008
202003 1,532.772 100.300 1,632.104
202006 1,538.546 99.900 1,644.812
202009 1,569.126 99.900 1,677.504
202012 1,586.531 99.300 1,706.360
202103 1,642.859 99.900 1,756.330
202106 1,575.031 99.500 1,690.586
202109 1,597.204 100.100 1,704.110
202112 1,611.688 100.100 1,719.563
202203 1,632.762 101.100 1,724.817
202206 1,625.728 101.800 1,705.577
202209 1,643.944 103.100 1,702.941
202212 1,663.521 104.100 1,706.667
202303 1,748.813 104.400 1,789.016
202306 1,756.866 105.200 1,783.586
202309 1,790.332 106.200 1,800.447
202312 1,814.262 106.800 1,814.262

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.


Gecoss  (TSE:9991) 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.


Gecoss Cyclically Adjusted PB Ratio Related Terms

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


Gecoss (TSE:9991) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2- 6-7, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0016
Gecoss Corp is a Japan-based company mainly engaged in leasing and sale of steel materials for construction work. The company offers and markets various steel products such as iron plate, H-shaped steel, steel sheet pile, steel mountain abstract, and lining plate. It also designs and undertakes construction works of piling, mountain and dismantling, and soil cement post column wall. Additionally, the company also markets, rents and construct temporary bridges.

Gecoss (TSE:9991) Headlines

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