GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fanuc Corp (OTCPK:FANUY) » Definitions » Cyclically Adjusted PB Ratio

Fanuc (FANUY) Cyclically Adjusted PB Ratio : 2.45 (As of Jun. 08, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Fanuc Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Fanuc's current share price is $13.75. Fanuc's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $5.61. Fanuc's Cyclically Adjusted PB Ratio for today is 2.45.

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

FANUY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.87   Med: 3.52   Max: 5.86
Current: 2.72

During the past years, Fanuc's highest Cyclically Adjusted PB Ratio was 5.86. The lowest was 1.87. And the median was 3.52.

FANUY's Cyclically Adjusted PB Ratio is ranked worse than
65.07% of 2173 companies
in the Industrial Products industry
Industry Median: 1.89 vs FANUY: 2.72

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.

Fanuc's adjusted book value per share data for the three months ended in Dec. 2023 was $6.014. 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 $5.61 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fanuc Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fanuc'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.

Fanuc Cyclically Adjusted PB Ratio Chart

Fanuc 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 2.24 3.86 3.04 3.13 -

Fanuc 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 3.13 3.26 2.48 2.61 -

Competitive Comparison of Fanuc's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Fanuc'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.


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

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

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



Fanuc 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.75/5.61
=2.45

* 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.

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

For example, Fanuc'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)
=6.014/106.8000*106.8000
=6.014

Current CPI (Dec. 2023) = 106.8000.

Fanuc Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.963 95.700 6.655
201406 6.104 98.000 6.652
201409 6.086 98.500 6.599
201412 5.686 97.900 6.203
201503 5.855 97.900 6.387
201506 6.679 98.400 7.249
201509 7.004 98.500 7.594
201512 6.820 98.100 7.425
201603 6.044 97.900 6.593
201606 6.272 98.100 6.828
201609 6.632 98.000 7.228
201612 5.929 98.400 6.435
201703 6.227 98.100 6.779
201706 6.363 98.500 6.899
201709 6.623 98.800 7.159
201712 6.549 99.400 7.037
201803 7.110 99.200 7.655
201806 6.784 99.200 7.304
201809 6.872 99.900 7.347
201812 6.484 99.700 6.946
201903 6.674 99.700 7.149
201906 6.447 99.800 6.899
201909 6.518 100.100 6.954
201912 6.437 100.500 6.841
202003 6.561 100.300 6.986
202006 6.537 99.900 6.989
202009 6.765 99.900 7.232
202012 6.977 99.300 7.504
202103 6.912 99.900 7.389
202106 6.784 99.500 7.282
202109 6.963 100.100 7.429
202112 6.750 100.100 7.202
202203 6.752 101.100 7.133
202206 6.098 101.800 6.398
202209 5.899 103.100 6.111
202212 6.151 104.100 6.311
202303 6.341 104.400 6.487
202306 6.048 105.200 6.140
202309 5.951 106.200 5.985
202312 6.014 106.800 6.014

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.


Fanuc  (OTCPK:FANUY) 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.


Fanuc Cyclically Adjusted PB Ratio Related Terms

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


Fanuc (FANUY) Business Description

Traded in Other Exchanges
Address
3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, JPN, 401-0597
Fanuc provides factory automation products, such as industrial robots, computerized numerical control systems, and compact machining centers (Robodrills) globally. The company had its beginnings as part of Fujitsu developing early numerical control systems and now commands the top global market share with its CNC systems and industrial robots.

Fanuc (FANUY) Headlines

From GuruFocus

Matthews Japan Fund Comments on FANUC

By Holly LaFon Holly LaFon 06-06-2013

First Eagle Comments on Fanuc

By Sydnee Gatewood Sydnee Gatewood 01-26-2021

Matthews Japan Fund Comments on Fanuc Corp

By Vera Yuan Vera Yuan 07-30-2015

First Eagle Global Value Team Comments on Fanuc

By Sydnee Gatewood Sydnee Gatewood 07-28-2020

First Eagle Global Fund Q1 2015 Commentary

By Vera Yuan Vera Yuan 05-22-2015

Matthews Japan Fund Comments on Fanuc Corp

By Vera Yuan Vera Yuan 04-29-2015

Daniel Loeb Comments on Fanuc Corp

By Vera Yuan Vera Yuan 02-10-2015

Fanuc Will Continue to Do Well

By Holmes Osborne, CFA Holmes Osborne, CFA 03-07-2017

Daniel Loeb's Comments on Fanuc

By Ashish Sharma Lalitsharma 02-27-2015

Jean-Marie Eveillard's First Eagle Global Fund Q4 Commentary

By Holly LaFon Holly LaFon 02-13-2013