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Fanuc (FANUF) Cyclically Adjusted PB Ratio : 2.54 (As of Apr. 29, 2024)


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What is Fanuc Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Fanuc's current share price is $29.19. Fanuc's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $11.48. Fanuc's Cyclically Adjusted PB Ratio for today is 2.54.

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

FANUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.87   Med: 3.56   Max: 5.86
Current: 2.85

During the past years, Fanuc's highest Cyclically Adjusted PB Ratio was 5.86. The lowest was 1.87. And the median was 3.56.

FANUF's Cyclically Adjusted PB Ratio is ranked worse than
69.35% of 2000 companies
in the Industrial Products industry
Industry Median: 1.765 vs FANUF: 2.85

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.

Fanuc's adjusted book value per share data for the three months ended in Dec. 2023 was $12.028. 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 $11.48 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fanuc Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fanuc'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.

Fanuc Cyclically Adjusted PB Ratio Chart

Fanuc 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 2.24 3.86 3.04 3.13 -

Fanuc Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.13 3.26 2.48 2.61 -

Competitive Comparison of Fanuc's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Fanuc'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.


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

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

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



Fanuc 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.19/11.48
=2.54

* 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.

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

For example, Fanuc'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)
=12.028/106.8000*106.8000
=12.028

Current CPI (Dec. 2023) = 106.8000.

Fanuc Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.925 95.700 13.308
201406 12.208 98.000 13.304
201409 12.173 98.500 13.199
201412 11.371 97.900 12.405
201503 11.710 97.900 12.775
201506 13.358 98.400 14.498
201509 14.008 98.500 15.188
201512 13.641 98.100 14.851
201603 12.087 97.900 13.186
201606 12.544 98.100 13.656
201609 13.264 98.000 14.455
201612 11.857 98.400 12.869
201703 12.455 98.100 13.560
201706 12.725 98.500 13.797
201709 13.245 98.800 14.317
201712 13.098 99.400 14.073
201803 14.221 99.200 15.311
201806 13.569 99.200 14.609
201809 13.744 99.900 14.693
201812 12.967 99.700 13.890
201903 13.348 99.700 14.299
201906 12.895 99.800 13.799
201909 13.035 100.100 13.907
201912 12.875 100.500 13.682
202003 13.122 100.300 13.972
202006 13.073 99.900 13.976
202009 13.530 99.900 14.465
202012 13.954 99.300 15.008
202103 13.825 99.900 14.780
202106 13.568 99.500 14.563
202109 13.926 100.100 14.858
202112 13.501 100.100 14.405
202203 13.504 101.100 14.265
202206 12.196 101.800 12.795
202209 11.799 103.100 12.222
202212 12.301 104.100 12.620
202303 12.682 104.400 12.974
202306 12.096 105.200 12.280
202309 11.903 106.200 11.970
202312 12.028 106.800 12.028

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.


Fanuc  (OTCPK:FANUF) 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.


Fanuc Cyclically Adjusted PB Ratio Related Terms

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


Fanuc (FANUF) Business Description

Traded in Other Exchanges
Address
3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, JPN, 401-0597
Fanuc provides factory automation products, such as industrial robots, computerized numerical control systems, and compact machining centers (Robodrills) globally. The company had its beginnings as part of Fujitsu developing early numerical control systems and now commands the top global market share with its CNC systems and industrial robots.

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