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SRA Holdings (TSE:3817) Cyclically Adjusted PB Ratio : 2.08 (As of Apr. 28, 2024)


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What is SRA Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-28), SRA Holdings's current share price is 円3865.00. SRA Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,855.03. SRA Holdings's Cyclically Adjusted PB Ratio for today is 2.08.

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

TSE:3817' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.78   Max: 2.53
Current: 2.08

During the past years, SRA Holdings's highest Cyclically Adjusted PB Ratio was 2.53. The lowest was 1.29. And the median was 1.78.

TSE:3817's Cyclically Adjusted PB Ratio is ranked better than
56.68% of 1288 companies
in the Software industry
Industry Median: 2.495 vs TSE:3817: 2.08

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.

SRA Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was 円2,279.215. 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1,855.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SRA Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SRA Holdings'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.

SRA Holdings Cyclically Adjusted PB Ratio Chart

SRA Holdings 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 1.73 1.45 1.78 1.71 1.66

SRA Holdings 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 1.74 1.66 1.81 1.91 1.92

Competitive Comparison of SRA Holdings's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, SRA Holdings'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.


SRA Holdings's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, SRA Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SRA Holdings 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.

SRA Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3865.00/1855.03
=2.08

* 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.

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

For example, SRA Holdings'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)
=2279.215/106.8000*106.8000
=2,279.215

Current CPI (Dec. 2023) = 106.8000.

SRA Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,430.210 95.700 1,596.096
201406 1,380.306 98.000 1,504.252
201409 1,416.562 98.500 1,535.927
201412 1,511.597 97.900 1,649.015
201503 1,566.930 97.900 1,709.378
201506 1,566.431 98.400 1,700.151
201509 1,611.965 98.500 1,747.796
201512 1,659.992 98.100 1,807.208
201603 1,551.744 97.900 1,692.812
201606 1,467.057 98.100 1,597.163
201609 1,500.866 98.000 1,635.638
201612 1,546.961 98.400 1,679.019
201703 1,611.931 98.100 1,754.885
201706 1,648.394 98.500 1,787.294
201709 1,710.259 98.800 1,848.742
201712 1,633.891 99.400 1,755.529
201803 1,742.137 99.200 1,875.607
201806 1,688.907 99.200 1,818.299
201809 1,715.644 99.900 1,834.142
201812 1,705.486 99.700 1,826.940
201903 1,732.431 99.700 1,855.804
201906 1,612.872 99.800 1,725.999
201909 1,602.659 100.100 1,709.930
201912 1,559.942 100.500 1,657.729
202003 1,625.193 100.300 1,730.515
202006 1,583.205 99.900 1,692.555
202009 1,672.773 99.900 1,788.310
202012 1,750.912 99.300 1,883.156
202103 1,822.809 99.900 1,948.709
202106 1,836.184 99.500 1,970.899
202109 1,930.696 100.100 2,059.923
202112 2,005.674 100.100 2,139.920
202203 2,055.686 101.100 2,171.585
202206 2,103.510 101.800 2,206.826
202209 2,187.323 103.100 2,265.821
202212 2,255.005 104.100 2,313.492
202303 2,095.192 104.400 2,143.357
202306 2,074.736 105.200 2,106.291
202309 2,182.894 106.200 2,195.227
202312 2,279.215 106.800 2,279.215

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.


SRA Holdings  (TSE:3817) 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.


SRA Holdings Cyclically Adjusted PB Ratio Related Terms

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


SRA Holdings (TSE:3817) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-32-8 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
SRA Holdings Inc is an information technology services provider. The company operates through three business areas: systems development, operation/administration services and product solutions marketing. The systems development includes financial IT services, embedded IT services, academic IT services, business systems development and infrastructure development. The operation/administration services include outsourcing services, infrastructure operation services and system operation services. The product solutions marketing includes cloud security, open source software, and development support. The company has an operational presence across Europe, India, China, and Singapore.

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