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Ebara (TSE:6361) Cyclically Adjusted PB Ratio : 4.07 (As of Apr. 27, 2024)


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What is Ebara Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Ebara's current share price is 円12920.00. Ebara's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円3,177.94. Ebara's Cyclically Adjusted PB Ratio for today is 4.07.

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

TSE:6361' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.67   Max: 4.46
Current: 4.07

During the past years, Ebara's highest Cyclically Adjusted PB Ratio was 4.46. The lowest was 0.79. And the median was 1.67.

TSE:6361's Cyclically Adjusted PB Ratio is ranked worse than
79.21% of 1996 companies
in the Industrial Products industry
Industry Median: 1.72 vs TSE:6361: 4.07

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.

Ebara's adjusted book value per share data for the three months ended in Dec. 2023 was 円4,439.600. 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3,177.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ebara Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ebara'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.

Ebara Cyclically Adjusted PB Ratio Chart

Ebara Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 1.37 2.45 1.62 2.63

Ebara 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 1.62 2.07 2.27 2.26 2.63

Competitive Comparison of Ebara's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Ebara'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.


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

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

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



Ebara 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12920.00/3177.94
=4.07

* 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.

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

For example, Ebara'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)
=4439.6/106.8000*106.8000
=4,439.600

Current CPI (Dec. 2023) = 106.8000.

Ebara Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,249.158 95.700 2,510.032
201406 2,194.870 98.000 2,391.960
201409 2,207.610 98.500 2,393.632
201412 2,323.415 97.900 2,534.635
201503 2,579.733 97.900 2,814.254
201506 2,518.764 98.400 2,733.780
201509 2,546.488 98.500 2,761.065
201512 2,565.331 98.100 2,792.837
201603 2,601.051 97.900 2,837.510
201606 2,487.876 98.100 2,708.513
201609 2,433.225 98.000 2,651.719
201612 2,488.340 98.400 2,700.759
201703 2,685.597 98.100 2,923.769
201706 2,648.220 98.500 2,871.370
201709 2,676.574 98.800 2,893.301
201712 0.000 99.400 0.000
201803 2,754.814 99.200 2,965.868
201806 2,768.406 99.200 2,980.502
201809 2,780.707 99.900 2,972.768
201812 2,807.236 99.700 3,007.149
201903 2,857.465 99.700 3,060.955
201906 2,835.104 99.800 3,033.959
201909 2,831.959 100.100 3,021.511
201912 2,851.822 100.500 3,030.593
202003 2,927.154 100.300 3,116.850
202006 2,960.744 99.900 3,165.240
202009 2,984.122 99.900 3,190.233
202012 3,036.185 99.300 3,265.504
202103 3,124.443 99.900 3,340.245
202106 3,192.168 99.500 3,426.367
202109 3,192.692 100.100 3,406.389
202112 3,395.501 100.100 3,622.772
202203 3,594.328 101.100 3,796.976
202206 3,855.066 101.800 4,044.411
202209 3,889.398 103.100 4,028.979
202212 3,910.056 104.100 4,011.470
202303 3,914.765 104.400 4,004.760
202306 4,141.546 105.200 4,204.535
202309 4,258.673 106.200 4,282.733
202312 4,439.600 106.800 4,439.600

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.


Ebara  (TSE:6361) 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.


Ebara Cyclically Adjusted PB Ratio Related Terms

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


Ebara (TSE:6361) Business Description

Traded in Other Exchanges
Address
11-1, Haneda Asahi-cho, Ohta-ku, Tokyo, JPN, 144-8510
Ebara Corp is a Japan-based company that operates through three business segments. The fluid machinery and systems business provides pumps, compressors, refrigeration, blowers, cooling towers, energy-related systems, machinery plants, and other related solutions. The environmental engineering business is involved in engineering, building, operating, and maintaining environmental and energy-related infrastructure. The precision machinery business develops and manufactures vacuum pumps, chemical mechanical polishing systems, plating systems, and other semiconductor manufacturing equipment and components. The company generates the majority of its revenue from Japan andthe rest of Asia.

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