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ITOCHU (TSE:8001) Cyclically Adjusted PB Ratio : 3.17 (As of May. 26, 2024)


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What is ITOCHU Cyclically Adjusted PB Ratio?

As of today (2024-05-26), ITOCHU's current share price is 円7231.00. ITOCHU's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円2,279.00. ITOCHU's Cyclically Adjusted PB Ratio for today is 3.17.

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

TSE:8001' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.76   Max: 3.22
Current: 3.17

During the past years, ITOCHU's highest Cyclically Adjusted PB Ratio was 3.22. The lowest was 1.01. And the median was 1.76.

TSE:8001's Cyclically Adjusted PB Ratio is ranked worse than
84.99% of 433 companies
in the Conglomerates industry
Industry Median: 0.97 vs TSE:8001: 3.17

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.

ITOCHU's adjusted book value per share data for the three months ended in Mar. 2024 was 円3,771.762. 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2,279.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITOCHU Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ITOCHU'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.

ITOCHU Cyclically Adjusted PB Ratio Chart

ITOCHU 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 1.61 2.35 2.40 2.15 2.84

ITOCHU 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 2.15 2.74 2.52 2.61 2.84

Competitive Comparison of ITOCHU's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, ITOCHU'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.


ITOCHU's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



ITOCHU 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7231.00/2279
=3.17

* 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.

ITOCHU's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ITOCHU's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3771.762/107.2000*107.2000
=3,771.762

Current CPI (Mar. 2024) = 107.2000.

ITOCHU Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,317.641 98.000 1,441.338
201409 1,395.903 98.500 1,519.196
201412 1,441.900 97.900 1,578.873
201503 1,539.553 97.900 1,685.803
201506 1,606.393 98.400 1,750.054
201509 1,586.479 98.500 1,726.605
201512 1,591.312 98.100 1,738.926
201603 1,388.658 97.900 1,520.573
201606 1,320.311 98.100 1,442.786
201609 1,366.757 98.000 1,495.065
201612 1,500.676 98.400 1,634.883
201703 1,532.553 98.100 1,674.716
201706 1,558.156 98.500 1,695.780
201709 1,661.018 98.800 1,802.238
201712 1,748.931 99.400 1,886.171
201803 1,722.069 99.200 1,860.946
201806 1,755.680 99.200 1,897.267
201809 1,859.304 99.900 1,995.169
201812 1,866.331 99.700 2,006.727
201903 1,930.474 99.700 2,075.695
201906 1,919.392 99.800 2,061.712
201909 1,985.974 100.100 2,126.837
201912 2,058.233 100.500 2,195.449
202003 2,010.328 100.300 2,148.626
202006 2,071.347 99.900 2,222.707
202009 2,131.213 99.900 2,286.947
202012 2,055.483 99.300 2,219.011
202103 2,229.538 99.900 2,392.457
202106 2,377.775 99.500 2,561.784
202109 2,529.588 100.100 2,709.009
202112 2,646.619 100.100 2,834.341
202203 2,857.500 101.100 3,029.911
202206 3,086.297 101.800 3,250.010
202209 3,311.882 103.100 3,443.586
202212 3,229.760 104.100 3,325.939
202303 3,311.787 104.400 3,400.609
202306 3,511.357 105.200 3,578.113
202309 3,588.416 106.200 3,622.205
202312 3,537.107 106.800 3,550.355
202403 3,771.762 107.200 3,771.762

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.


ITOCHU  (TSE:8001) 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.


ITOCHU Cyclically Adjusted PB Ratio Related Terms

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


ITOCHU (TSE:8001) Business Description

Industry
Traded in Other Exchanges
Address
5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077
ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food and Energy and Chemicals. Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.

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