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Citizen Watch Co (Citizen Watch Co) Cyclically Adjusted PB Ratio : 1.03 (As of Apr. 27, 2024)


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What is Citizen Watch Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Citizen Watch Co's current share price is $30.65. Citizen Watch Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $29.80. Citizen Watch Co's Cyclically Adjusted PB Ratio for today is 1.03.

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

CHCLY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.86   Max: 1.33
Current: 1.24

During the past years, Citizen Watch Co's highest Cyclically Adjusted PB Ratio was 1.33. The lowest was 0.37. And the median was 0.86.

CHCLY's Cyclically Adjusted PB Ratio is ranked worse than
60.1% of 416 companies
in the Conglomerates industry
Industry Median: 0.92 vs CHCLY: 1.24

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.

Citizen Watch Co's adjusted book value per share data for the three months ended in Dec. 2023 was $33.436. 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 $29.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Citizen Watch Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Citizen Watch 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.

Citizen Watch Co Cyclically Adjusted PB Ratio Chart

Citizen Watch Co 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 0.89 0.54 0.53 0.71 1.00

Citizen Watch Co 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 0.77 1.00 1.09 1.14 1.03

Competitive Comparison of Citizen Watch Co's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Citizen Watch 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.


Citizen Watch Co's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Citizen Watch Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Citizen Watch 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.

Citizen Watch Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.65/29.8
=1.03

* 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.

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

For example, Citizen Watch Co'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)
=33.436/106.8000*106.8000
=33.436

Current CPI (Dec. 2023) = 106.8000.

Citizen Watch Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 32.286 95.700 36.031
201406 32.113 98.000 34.997
201409 32.507 98.500 35.246
201412 31.015 97.900 33.835
201503 30.573 97.900 33.352
201506 30.134 98.400 32.706
201509 30.423 98.500 32.987
201512 30.815 98.100 33.548
201603 31.673 97.900 34.552
201606 32.062 98.100 34.905
201609 33.656 98.000 36.678
201612 33.367 98.400 36.215
201703 33.308 98.100 36.262
201706 34.374 98.500 37.270
201709 35.601 98.800 38.484
201712 35.924 99.400 38.598
201803 37.613 99.200 40.495
201806 36.292 99.200 39.072
201809 37.055 99.900 39.614
201812 36.152 99.700 38.727
201903 36.388 99.700 38.979
201906 36.697 99.800 39.271
201909 37.158 100.100 39.645
201912 37.181 100.500 39.512
202003 32.935 100.300 35.069
202006 31.870 99.900 34.071
202009 30.384 99.900 32.483
202012 30.819 99.300 33.147
202103 30.012 99.900 32.085
202106 30.064 99.500 32.270
202109 30.896 100.100 32.964
202112 31.198 100.100 33.286
202203 32.423 101.100 34.251
202206 30.955 101.800 32.475
202209 32.298 103.100 33.457
202212 33.480 104.100 34.348
202303 32.420 104.400 33.165
202306 32.852 105.200 33.352
202309 32.788 106.200 32.973
202312 33.436 106.800 33.436

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.


Citizen Watch Co  (OTCPK:CHCLY) 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.


Citizen Watch Co Cyclically Adjusted PB Ratio Related Terms

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


Citizen Watch Co (Citizen Watch Co) Business Description

Traded in Other Exchanges
Address
6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511
Citizen Watch Co Ltd primarily manufactures watches, machine tools, devices, and electronic products that it sells worldwide. Its watches and clocks segment contributes more than half of the company's revenue and includes brands such as Citizen, Bulova, xC, Q&Q, and Attesa. Machine Tools, which consists mostly of automatic lathes, and Devices, which consists largely of auto parts, switches, Chip LEDs, micro LCDs, and quartz crystals, each comprise roughly 15%-20% of total revenue. Electronic Products, which includes printers, health care equipment, and calculators, and Other Products collectively account for the remaining revenue. Japan and Asia (excluding Japan) each account for roughly a third of the company's total sales. Most of the remaining sales are from America and Europe.

Citizen Watch Co (Citizen Watch Co) Headlines

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