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YOKEY (Yokogawa Electric) Cyclically Adjusted PB Ratio : 2.56 (As of Jan. 18, 2025)


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What is Yokogawa Electric Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Yokogawa Electric's current share price is $45.55. Yokogawa Electric's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $17.79. Yokogawa Electric's Cyclically Adjusted PB Ratio for today is 2.56.

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

YOKEY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 2.43   Max: 3.5
Current: 2.7

During the past years, Yokogawa Electric's highest Cyclically Adjusted PB Ratio was 3.50. The lowest was 1.13. And the median was 2.43.

YOKEY's Cyclically Adjusted PB Ratio is ranked worse than
60.53% of 2022 companies
in the Industrial Products industry
Industry Median: 2 vs YOKEY: 2.70

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.

Yokogawa Electric's adjusted book value per share data for the three months ended in Sep. 2024 was $23.931. 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 $17.79 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yokogawa Electric Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yokogawa Electric'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.

Yokogawa Electric Cyclically Adjusted PB Ratio Chart

Yokogawa Electric Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 2.30 2.19 2.02 2.97

Yokogawa Electric Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.58 2.34 2.97 3.22 2.96

Competitive Comparison of Yokogawa Electric's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Yokogawa Electric'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.


Yokogawa Electric's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yokogawa Electric's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Yokogawa Electric 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.

Yokogawa Electric's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.55/17.79
=2.56

* 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.

Yokogawa Electric's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=23.931/108.9000*108.9000
=23.931

Current CPI (Sep. 2024) = 108.9000.

Yokogawa Electric Quarterly Data

Book Value per Share CPI Adj_Book
201412 13.793 97.900 15.343
201503 13.903 97.900 15.465
201506 14.077 98.400 15.579
201509 15.304 98.500 16.920
201512 15.554 98.100 17.266
201603 16.535 97.900 18.393
201606 16.703 98.100 18.542
201609 17.778 98.000 19.755
201612 16.813 98.400 18.607
201703 16.996 98.100 18.867
201706 17.467 98.500 19.311
201709 18.161 98.800 20.018
201712 17.628 99.400 19.313
201803 19.190 99.200 21.066
201806 18.451 99.200 20.255
201809 18.761 99.900 20.451
201812 18.573 99.700 20.287
201903 19.540 99.700 21.343
201906 19.614 99.800 21.402
201909 20.083 100.100 21.849
201912 20.017 100.500 21.690
202003 19.896 100.300 21.602
202006 19.909 99.900 21.703
202009 20.756 99.900 22.626
202012 21.435 99.300 23.507
202103 21.252 99.900 23.167
202106 20.962 99.500 22.942
202109 21.464 100.100 23.351
202112 21.045 100.100 22.895
202203 21.077 101.100 22.703
202206 19.371 101.800 20.722
202209 18.842 103.100 19.902
202212 19.695 104.100 20.603
202303 21.280 104.400 22.197
202306 21.916 105.200 22.687
202309 21.442 106.200 21.987
202312 22.161 106.800 22.597
202403 22.406 107.200 22.761
202406 22.025 108.200 22.167
202409 23.931 108.900 23.931

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.


Yokogawa Electric  (OTCPK:YOKEY) 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.


Yokogawa Electric Cyclically Adjusted PB Ratio Related Terms

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


Yokogawa Electric Business Description

Traded in Other Exchanges
Address
2-9-32 Nakacho, Musashino-shi, Tokyo, JPN, 180-8750
Yokogawa Electric Corporation offers systems and solutions for measurement, control, and information technologies. Software, data acquisition instruments, field instruments, and other components compose a diverse product portfolio and allow the company to reach various customers involved in different end-markets. Essentially, the company helps link plant operations and corporate management. It has three business segments: industrial automation (majority of total revenue), control, test and measurement, and aviation and other businesses. In addition to its product offerings, Yokogawa offers consulting and execution services to supply customers with resources to make timely operating decisions. The majority of sales derive from Asia, with Japan being a key region for the company.