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Zozo (TSE:3092) Cyclically Adjusted PB Ratio : 29.27 (As of Jun. 07, 2024)


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What is Zozo Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Zozo's current share price is 円3752.00. Zozo's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円128.19. Zozo's Cyclically Adjusted PB Ratio for today is 29.27.

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

TSE:3092' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 20.2   Med: 35.38   Max: 85.69
Current: 28.69

During the past years, Zozo's highest Cyclically Adjusted PB Ratio was 85.69. The lowest was 20.20. And the median was 35.38.

TSE:3092's Cyclically Adjusted PB Ratio is ranked worse than
98.56% of 762 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs TSE:3092: 28.69

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.

Zozo's adjusted book value per share data for the three months ended in Dec. 2023 was 円259.010. 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128.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zozo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zozo'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.

Zozo Cyclically Adjusted PB Ratio Chart

Zozo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.41 42.52 37.14 27.51 -

Zozo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 27.51 25.70 22.40 24.77 -

Competitive Comparison of Zozo's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Zozo'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.


Zozo's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zozo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Zozo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3752.00/128.19
=29.27

* 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.

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

For example, Zozo'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)
=259.01/106.8000*106.8000
=259.010

Current CPI (Dec. 2023) = 106.8000.

Zozo Quarterly Data

Book Value per Share CPI Adj_Book
201403 58.418 95.700 65.194
201406 59.198 98.000 64.514
201409 65.528 98.500 71.050
201412 73.246 97.900 79.905
201503 79.799 97.900 87.053
201506 90.610 98.400 98.345
201509 97.181 98.500 105.370
201512 42.581 98.100 46.357
201603 56.077 97.900 61.175
201606 57.905 98.100 63.040
201609 72.315 98.000 78.809
201612 85.391 98.400 92.680
201703 94.390 98.100 102.761
201706 96.408 98.500 104.532
201709 109.394 98.800 118.252
201712 119.036 99.400 127.898
201803 130.951 99.200 140.984
201806 48.835 99.200 52.576
201809 56.516 99.900 60.420
201812 66.172 99.700 70.884
201903 74.204 99.700 79.488
201906 81.560 99.800 87.281
201909 89.690 100.100 95.693
201912 91.724 100.500 97.474
202003 113.114 100.300 120.444
202006 119.160 99.900 127.390
202009 141.466 99.900 151.237
202012 158.460 99.300 170.428
202103 181.541 99.900 194.080
202106 81.942 99.500 87.954
202109 145.998 100.100 155.770
202112 158.766 100.100 169.393
202203 183.296 101.100 193.630
202206 180.975 101.800 189.864
202209 212.115 103.100 219.727
202212 228.046 104.100 233.961
202303 255.368 104.400 261.239
202306 252.377 105.200 256.215
202309 283.853 106.200 285.457
202312 259.010 106.800 259.010

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.


Zozo  (TSE:3092) 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.


Zozo Cyclically Adjusted PB Ratio Related Terms

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


Zozo (TSE:3092) Business Description

Traded in Other Exchanges
Address
WBG Maribu West 15th-16th Floor, Nakase 2-6-1, Mihama-ku, Chiba-shi, Chiba, JPN, 261-7116
Zozo was established in 1998 by Yusaku Maezawa (founder and former CEO), and its main business is Zozotown, the largest fashion e-commerce platform in Japan. Zozotown's business consists mainly of consignment sales, where each brand's products are stocked in Zozotown's logistics bases, and brands open their shops on Zozotown as tenants. As of 2022, Zozotown sold clothing from over 8,500 brands and boasted about 9.3 million annual active users. In 2019, Zozo was acquired by Z Holdings. Since then, Zozo also sells through the Yahoo-owned general e-commerce site PayPay Mall.

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