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Mitsui (FRA:MTS1) Cyclically Adjusted PB Ratio : 2.49 (As of Apr. 27, 2024)


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What is Mitsui Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Mitsui's current share price is €44.95. Mitsui's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €18.07. Mitsui's Cyclically Adjusted PB Ratio for today is 2.49.

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

FRA:MTS1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.1   Max: 2.63
Current: 2.63

During the past years, Mitsui's highest Cyclically Adjusted PB Ratio was 2.63. The lowest was 0.71. And the median was 1.10.

FRA:MTS1's Cyclically Adjusted PB Ratio is ranked worse than
81.97% of 416 companies
in the Conglomerates industry
Industry Median: 0.92 vs FRA:MTS1: 2.63

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.

Mitsui's adjusted book value per share data for the three months ended in Dec. 2023 was €30.150. 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 €18.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsui Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mitsui'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.

Mitsui Cyclically Adjusted PB Ratio Chart

Mitsui 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 0.91 0.75 1.09 1.44 1.58

Mitsui 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 1.51 1.58 2.01 1.95 1.85

Competitive Comparison of Mitsui's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Mitsui'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.


Mitsui's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



Mitsui 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.95/18.07
=2.49

* 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.

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

For example, Mitsui'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)
=30.15/106.8000*106.8000
=30.150

Current CPI (Dec. 2023) = 106.8000.

Mitsui Quarterly Data

Book Value per Share CPI Adj_Book
201403 15.037 95.700 16.781
201406 15.890 98.000 17.317
201409 16.800 98.500 18.216
201412 15.973 97.900 17.425
201503 17.553 97.900 19.149
201506 17.004 98.400 18.456
201509 16.162 98.500 17.524
201512 16.195 98.100 17.631
201603 14.993 97.900 16.356
201606 14.787 98.100 16.098
201609 15.592 98.000 16.992
201612 16.609 98.400 18.027
201703 17.233 98.100 18.761
201706 16.986 98.500 18.417
201709 16.749 98.800 18.105
201712 17.490 99.400 18.792
201803 17.491 99.200 18.831
201806 18.737 99.200 20.172
201809 19.434 99.900 20.776
201812 19.424 99.700 20.807
201903 19.531 99.700 20.922
201906 19.949 99.800 21.348
201909 20.455 100.100 21.824
201912 20.715 100.500 22.014
202003 18.793 100.300 20.011
202006 18.987 99.900 20.298
202009 18.794 99.900 20.092
202012 19.460 99.300 20.930
202103 21.119 99.900 22.578
202106 22.089 99.500 23.710
202109 22.447 100.100 23.949
202112 23.919 100.100 25.520
202203 26.745 101.100 28.253
202206 25.650 101.800 26.910
202209 27.083 103.100 28.055
202212 27.687 104.100 28.405
202303 29.118 104.400 29.787
202306 29.310 105.200 29.756
202309 29.610 106.200 29.777
202312 30.150 106.800 30.150

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.


Mitsui  (FRA:MTS1) 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.


Mitsui Cyclically Adjusted PB Ratio Related Terms

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


Mitsui (FRA:MTS1) Business Description

Industry
Traded in Other Exchanges
Address
1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8631
Mitsui & Co Ltd is a general trading company with a wide range of business activities in the areas of iron and steel, mineral and metal resources, machinery and infrastructure, chemicals, energy, lifestyle, innovation, and corporate development. The firm also participates in the development of natural resources, and it has minority interests in several upstream resource projects, which include iron ore and coal projects in Australia; copper mining projects in Chile; and oil and gas projects in Asia, the Middle East, and the United States.

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