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Ibiden Co (FRA:IBI) Cyclically Adjusted PB Ratio : 2.37 (As of Jun. 09, 2024)


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What is Ibiden Co Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Ibiden Co's current share price is €36.60. Ibiden Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.44. Ibiden Co's Cyclically Adjusted PB Ratio for today is 2.37.

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

FRA:IBI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.93   Max: 3.59
Current: 2.47

During the past years, Ibiden Co's highest Cyclically Adjusted PB Ratio was 3.59. The lowest was 0.62. And the median was 1.93.

FRA:IBI's Cyclically Adjusted PB Ratio is ranked worse than
64.93% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs FRA:IBI: 2.47

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.

Ibiden Co's adjusted book value per share data for the three months ended in Mar. 2024 was €21.757. 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 €15.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ibiden Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ibiden Co'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.

Ibiden Co Cyclically Adjusted PB Ratio Chart

Ibiden Co 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 1.11 2.36 2.70 2.19 2.60

Ibiden Co 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 2.19 3.32 3.21 3.11 2.60

Competitive Comparison of Ibiden Co's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Ibiden Co'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.


Ibiden Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ibiden Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ibiden Co 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.

Ibiden Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.60/15.44
=2.37

* 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.

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

For example, Ibiden Co'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)
=21.757/107.2000*107.2000
=21.757

Current CPI (Mar. 2024) = 107.2000.

Ibiden Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.606 98.000 18.165
201409 17.405 98.500 18.942
201412 17.643 97.900 19.319
201503 19.792 97.900 21.672
201506 18.919 98.400 20.611
201509 19.290 98.500 20.994
201512 20.148 98.100 22.017
201603 19.558 97.900 21.416
201606 18.902 98.100 20.655
201609 16.845 98.000 18.426
201612 16.194 98.400 17.642
201703 15.961 98.100 17.442
201706 16.439 98.500 17.891
201709 16.073 98.800 17.440
201712 16.205 99.400 17.477
201803 15.392 99.200 16.633
201806 15.605 99.200 16.863
201809 15.782 99.900 16.935
201812 15.134 99.700 16.272
201903 15.436 99.700 16.597
201906 15.740 99.800 16.907
201909 16.169 100.100 17.316
201912 16.254 100.500 17.338
202003 16.140 100.300 17.250
202006 16.155 99.900 17.335
202009 16.280 99.900 17.470
202012 16.890 99.300 18.234
202103 17.488 99.900 18.766
202106 17.506 99.500 18.861
202109 18.644 100.100 19.966
202112 19.769 100.100 21.171
202203 19.997 101.100 21.204
202206 19.694 101.800 20.739
202209 20.672 103.100 21.494
202212 20.336 104.100 20.942
202303 20.978 104.400 21.541
202306 20.733 105.200 21.127
202309 21.038 106.200 21.236
202312 21.048 106.800 21.127
202403 21.757 107.200 21.757

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.


Ibiden Co  (FRA:IBI) 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.


Ibiden Co Cyclically Adjusted PB Ratio Related Terms

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


Ibiden Co (FRA:IBI) Business Description

Industry
Traded in Other Exchanges
Address
2-1 Kanda-cho, Ogaki, Gifu, JPN, 503-8604
Ibiden Company Limited is a provider of electronic and ceramic products. The company operates through three segments: ceramic, electron and other. The ceramic segment, which contributes the largest portion of revenue, provides environment-related ceramics products, graphite and specialty products, ceramic fibre, and fine ceramics products. Electron, the next- largest segment, offers package substrates in computers, information technology infrastructure, mobile device wiring boards, mobile devices and home appliances. The other segment includes the processing of agriculture, livestock and fisheries, the sale of oil products and synthetic resin production. The company is headquartered in Japan and generates the majority of revenue in Asia.

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