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System Integrator (TSE:3826) Cyclically Adjusted PB Ratio : 2.03 (As of May. 14, 2024)


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What is System Integrator Cyclically Adjusted PB Ratio?

As of today (2024-05-14), System Integrator's current share price is 円365.00. System Integrator's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 was 円179.71. System Integrator's Cyclically Adjusted PB Ratio for today is 2.03.

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

TSE:3826' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.04   Med: 4.34   Max: 7.94
Current: 2.05

During the past years, System Integrator's highest Cyclically Adjusted PB Ratio was 7.94. The lowest was 2.04. And the median was 4.34.

TSE:3826's Cyclically Adjusted PB Ratio is ranked better than
58.44% of 1333 companies
in the Software industry
Industry Median: 2.61 vs TSE:3826: 2.05

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.

System Integrator's adjusted book value per share data for the three months ended in Nov. 2023 was 円273.671. 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179.71 for the trailing ten years ended in Nov. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


System Integrator Cyclically Adjusted PB Ratio Historical Data

The historical data trend for System Integrator'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.

System Integrator Cyclically Adjusted PB Ratio Chart

System Integrator Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.53 5.18 4.48 3.51 2.49

System Integrator Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 2.80 2.49 2.45 2.44 2.23

Competitive Comparison of System Integrator's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, System Integrator'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.


System Integrator's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



System Integrator 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.

System Integrator's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=365.00/179.71
=2.03

* 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.

System Integrator's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 is calculated as:

For example, System Integrator's adjusted Book Value per Share data for the three months ended in Nov. 2023 was:

Adj_Book=Book Value per Share/CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=273.671/106.9000*106.9000
=273.671

Current CPI (Nov. 2023) = 106.9000.

System Integrator Quarterly Data

Book Value per Share CPI Adj_Book
201402 166.251 95.500 186.097
201405 139.489 98.100 152.002
201408 67.024 98.300 72.888
201411 70.747 97.900 77.251
201502 76.771 97.600 84.086
201505 92.646 98.700 100.343
201508 102.158 98.400 110.983
201511 110.464 98.100 120.373
201602 110.954 97.800 121.278
201605 106.477 98.200 115.910
201608 103.401 97.900 112.907
201611 105.784 98.600 114.689
201702 112.962 98.100 123.095
201705 113.764 98.600 123.340
201708 118.473 98.500 128.576
201711 125.250 99.100 135.108
201802 141.723 99.500 152.263
201805 128.552 99.300 138.391
201808 166.470 99.800 178.313
201811 173.073 100.000 185.015
201902 183.391 99.700 196.635
201905 166.816 100.000 178.326
201908 181.440 100.000 193.959
201911 191.572 100.500 203.772
202002 205.705 100.300 219.241
202005 197.072 100.100 210.460
202008 204.585 100.100 218.483
202011 209.776 99.500 225.377
202102 220.877 99.800 236.591
202105 224.565 99.400 241.509
202108 232.170 99.700 248.937
202111 242.001 100.100 258.441
202202 246.379 100.700 261.548
202205 0.000 101.800 0.000
202208 241.802 102.700 251.691
202211 246.605 103.900 253.725
202302 262.808 104.000 270.136
202305 258.280 105.100 262.703
202308 268.114 105.900 270.646
202311 273.671 106.900 273.671

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.


System Integrator  (TSE:3826) 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.


System Integrator Cyclically Adjusted PB Ratio Related Terms

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


System Integrator (TSE:3826) Business Description

Traded in Other Exchanges
N/A
Address
7F, Issue Ramuza Tower, 1-10-1, Numakage, Minami-ku, 1-chome, Saitama City, JPN, 336-0027
System Integrator Corp is engaged in the development of package software and cloud service in Japan. It focuses on develop packages, customize development, cloud services, consulting and other products. It sells a wide variety of in-house products such as ERP, EC, Omni Channel, project management, database development, and design support tool, application design tool, and e-learning.

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