GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Open House Group Co Ltd (FRA:O4H) » Definitions » Cyclically Adjusted PB Ratio

Open House Group Co (FRA:O4H) Cyclically Adjusted PB Ratio : 2.86 (As of Jun. 02, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Open House Group Co Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Open House Group Co's current share price is €27.00. Open House Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.45. Open House Group Co's Cyclically Adjusted PB Ratio for today is 2.86.

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

FRA:O4H' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.84   Med: 3.83   Max: 4.59
Current: 2.85

During the past years, Open House Group Co's highest Cyclically Adjusted PB Ratio was 4.59. The lowest was 2.84. And the median was 3.83.

FRA:O4H's Cyclically Adjusted PB Ratio is ranked worse than
90.2% of 1368 companies
in the Real Estate industry
Industry Median: 0.7 vs FRA:O4H: 2.85

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.

Open House Group Co's adjusted book value per share data for the three months ended in Mar. 2024 was €23.326. 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 €9.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Open House Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Open House Group 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.

Open House Group Co Cyclically Adjusted PB Ratio Chart

Open House Group Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 3.64

Open House Group 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 3.98 3.97 3.64 2.82 3.13

Competitive Comparison of Open House Group Co's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Open House Group 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.


Open House Group Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Open House Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Open House Group 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.

Open House Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.00/9.45
=2.86

* 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.

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

For example, Open House Group 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)
=23.326/107.2000*107.2000
=23.326

Current CPI (Mar. 2024) = 107.2000.

Open House Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.138 98.000 2.339
201409 2.331 98.500 2.537
201412 2.223 97.900 2.434
201503 2.672 97.900 2.926
201506 2.667 98.400 2.906
201509 3.120 98.500 3.396
201512 3.423 98.100 3.741
201603 3.841 97.900 4.206
201606 4.426 98.100 4.837
201609 4.992 98.000 5.461
201612 4.861 98.400 5.296
201703 5.289 98.100 5.780
201706 5.300 98.500 5.768
201709 5.659 98.800 6.140
201712 5.897 99.400 6.360
201803 6.524 99.200 7.050
201806 6.989 99.200 7.553
201809 7.368 99.900 7.906
201812 7.880 99.700 8.473
201903 8.726 99.700 9.382
201906 9.208 99.800 9.891
201909 10.546 100.100 11.294
201912 10.794 100.500 11.514
202003 11.615 100.300 12.414
202006 12.827 99.900 13.764
202009 14.934 99.900 16.025
202012 15.281 99.300 16.497
202103 16.159 99.900 17.340
202106 16.465 99.500 17.739
202109 18.010 100.100 19.287
202112 19.126 100.100 20.483
202203 19.997 101.100 21.204
202206 18.590 101.800 19.576
202209 19.780 103.100 20.567
202212 19.960 104.100 20.554
202303 21.402 104.400 21.976
202306 20.781 105.200 21.176
202309 21.896 106.200 22.102
202312 22.917 106.800 23.003
202403 23.326 107.200 23.326

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.


Open House Group Co  (FRA:O4H) 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.


Open House Group Co Cyclically Adjusted PB Ratio Related Terms

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


Open House Group Co (FRA:O4H) Business Description

Traded in Other Exchanges
Address
2-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6312
Open House Group Co Ltd is principally engaged in real estate businesses, including real estate brokerage, single-family home development and sales, condominium development and sales, real estate investment, real estate financing, and other related services. The company comprises six operating segments: brokerage, single-family homes, Asakawa Home, condominiums, property resale, and others. The single-family homes segment delivers approximately half of group revenue, and the property resale segment contributes to the next most significant portion of revenue. Open House's sales centers are mainly located in Tokyo and surrounding areas.

Open House Group Co (FRA:O4H) Headlines

No Headlines