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ValueCommerce Co (TSE:2491) Cyclically Adjusted PB Ratio

: 3.88 (As of Today)
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As of today (2023-12-02), ValueCommerce Co's current share price is 円1351.00. ValueCommerce Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was 円348.54. ValueCommerce Co's Cyclically Adjusted PB Ratio for today is 3.88.

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

TSE:2491' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.44   Med: 12.78   Max: 21.95
Current: 4.01

During the past years, ValueCommerce Co's highest Cyclically Adjusted PB Ratio was 21.95. The lowest was 3.44. And the median was 12.78.

TSE:2491's Cyclically Adjusted PB Ratio is ranked worse than
87.16% of 670 companies
in the Media - Diversified industry
Industry Median: 1.09 vs TSE:2491: 4.01

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.

ValueCommerce Co's adjusted book value per share data for the three months ended in Sep. 2023 was 円672.041. 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348.54 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ValueCommerce Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ValueCommerce 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.

ValueCommerce Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.61 12.71 15.05 18.08 5.96

ValueCommerce Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 7.67 5.96 5.35 4.04 3.66

Competitive Comparison

For the Advertising Agencies subindustry, ValueCommerce 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.


ValueCommerce Co Cyclically Adjusted PB Ratio Distribution

For the Media - Diversified industry and Communication Services sector, ValueCommerce Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ValueCommerce 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1351.00/348.54
=3.88

* 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.

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

For example, ValueCommerce Co's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=672.041/106.2000*106.2000
=672.041

Current CPI (Sep. 2023) = 106.2000.

ValueCommerce Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 149.026 95.600 165.550
201403 151.996 95.700 168.673
201406 158.538 98.000 171.803
201409 161.227 98.500 173.831
201412 167.388 97.900 181.579
201503 171.672 97.900 186.226
201506 179.583 98.400 193.818
201509 181.423 98.500 195.605
201512 187.933 98.100 203.450
201603 187.155 97.900 203.022
201606 188.638 98.100 204.214
201609 189.549 98.000 205.409
201612 189.408 98.400 204.422
201703 195.672 98.100 211.828
201706 203.573 98.500 219.487
201709 202.288 98.800 217.439
201712 216.435 99.400 231.241
201803 227.702 99.200 243.770
201806 246.937 99.200 264.362
201809 260.407 99.900 276.829
201812 283.283 99.700 301.752
201903 290.789 99.700 309.747
201906 315.041 99.800 335.244
201909 326.199 100.100 346.077
201912 355.785 100.500 375.964
202003 370.031 100.300 391.798
202006 399.721 99.900 424.929
202009 416.246 99.900 442.496
202012 454.197 99.300 485.758
202103 401.033 99.900 426.323
202106 444.322 99.500 474.241
202109 470.633 100.100 499.313
202112 512.732 100.100 543.977
202203 538.207 101.100 565.357
202206 586.311 101.800 611.653
202209 603.583 103.100 621.731
202212 643.777 104.100 656.764
202303 645.416 104.400 656.544
202306 670.990 105.200 677.368
202309 672.041 106.200 672.041

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.


ValueCommerce Co  (TSE:2491) 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.


ValueCommerce Co Cyclically Adjusted PB Ratio Related Terms

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


ValueCommerce Co (TSE:2491) Business Description

Traded in Other Exchanges
N/A
Address
Nihonseimei Akasaka Building 5F, 8-1-19 Akasaka, Minato, Tokyo, JPN, 107-0052
ValueCommerce Co Ltd is a Japan-based information technology company engaged in the provision of internet advertising delivery services. The company's service portfolio comprises affiliate marketing service, StoreMatch service and Store's R8. The affiliate marketing service provides compensation based on the performances of advertising for e-commerce sites. The StoreMatch Service provides pay-per-click internet advertising for stores listing on online shopping malls. The Store's R8 service is a marketing automation system customized for Yahoo! shopping.

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