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Toyota Motor (BSP:TMCO34) Cyclically Adjusted PB Ratio : 2.20 (As of May. 10, 2024)


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What is Toyota Motor Cyclically Adjusted PB Ratio?

As of today (2024-05-10), Toyota Motor's current share price is R$73.05. Toyota Motor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$33.14. Toyota Motor's Cyclically Adjusted PB Ratio for today is 2.20.

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

BSP:TMCO34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.58   Max: 2.49
Current: 2.2

During the past years, Toyota Motor's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 1.17. And the median was 1.58.

BSP:TMCO34's Cyclically Adjusted PB Ratio is ranked worse than
70.71% of 915 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs BSP:TMCO34: 2.20

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.

Toyota Motor's adjusted book value per share data for the three months ended in Mar. 2024 was R$52.761. 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 R$33.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Motor Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toyota Motor'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.

Toyota Motor Cyclically Adjusted PB Ratio Chart

Toyota Motor 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 1.24 1.53 1.78 1.32 2.37

Toyota Motor 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 1.32 1.58 1.77 1.66 2.37

Competitive Comparison of Toyota Motor's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toyota Motor 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.

Toyota Motor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=73.05/33.14
=2.20

* 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.

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

For example, Toyota Motor'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)
=52.761/107.2000*107.2000
=52.761

Current CPI (Mar. 2024) = 107.2000.

Toyota Motor Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.712 98.000 13.905
201409 13.264 98.500 14.436
201412 14.355 97.900 15.719
201503 17.400 97.900 19.053
201506 17.187 98.400 18.724
201509 22.222 98.500 24.185
201512 22.427 98.100 24.507
201603 22.566 97.900 24.710
201606 21.754 98.100 23.772
201609 21.806 98.000 23.853
201612 20.916 98.400 22.787
201703 20.385 98.100 22.276
201706 22.315 98.500 24.286
201709 21.985 98.800 23.854
201712 23.577 99.400 25.427
201803 24.886 99.200 26.893
201806 28.053 99.200 30.315
201809 31.156 99.900 33.433
201812 29.008 99.700 31.190
201903 30.359 99.700 32.643
201906 30.835 99.800 33.121
201909 33.985 100.100 36.396
201912 34.348 100.500 36.638
202003 42.285 100.300 45.194
202006 44.663 99.900 47.927
202009 48.039 99.900 51.549
202012 48.317 99.300 52.161
202103 54.245 99.900 58.209
202106 49.292 99.500 53.107
202109 53.263 100.100 57.041
202112 56.035 100.100 60.010
202203 49.964 101.100 52.979
202206 46.980 101.800 49.472
202209 47.000 103.100 48.869
202212 49.142 104.100 50.605
202303 50.879 104.400 52.244
202306 48.042 105.200 48.955
202309 49.272 106.200 49.736
202312 51.355 106.800 51.547
202403 52.761 107.200 52.761

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.


Toyota Motor  (BSP:TMCO34) 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.


Toyota Motor Cyclically Adjusted PB Ratio Related Terms

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


Toyota Motor (BSP:TMCO34) Business Description

Address
1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.

Toyota Motor (BSP:TMCO34) Headlines

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