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SoftBank Group (FRA:SFT) Cyclically Adjusted PB Ratio : 2.24 (As of Jun. 02, 2024)


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What is SoftBank Group Cyclically Adjusted PB Ratio?

As of today (2024-06-02), SoftBank Group's current share price is €52.98. SoftBank Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €23.69. SoftBank Group's Cyclically Adjusted PB Ratio for today is 2.24.

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

FRA:SFT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.57   Med: 4.29   Max: 8.03
Current: 2.36

During the past years, SoftBank Group's highest Cyclically Adjusted PB Ratio was 8.03. The lowest was 1.57. And the median was 4.29.

FRA:SFT's Cyclically Adjusted PB Ratio is ranked worse than
68.51% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.5 vs FRA:SFT: 2.36

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.

SoftBank Group's adjusted book value per share data for the three months ended in Mar. 2024 was €46.758. 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 €23.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SoftBank Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SoftBank Group'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.

SoftBank Group Cyclically Adjusted PB Ratio Chart

SoftBank Group 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 2.58 4.99 2.24 1.65 2.33

SoftBank Group 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 1.65 2.04 1.81 1.72 2.33

Competitive Comparison of SoftBank Group's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, SoftBank Group'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.


SoftBank Group's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, SoftBank Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SoftBank Group 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.

SoftBank Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.98/23.69
=2.24

* 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.

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

For example, SoftBank Group'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)
=46.758/107.2000*107.2000
=46.758

Current CPI (Mar. 2024) = 107.2000.

SoftBank Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.917 98.000 6.472
201409 7.775 98.500 8.462
201412 8.032 97.900 8.795
201503 9.185 97.900 10.058
201506 9.086 98.400 9.899
201509 9.339 98.500 10.164
201512 9.288 98.100 10.150
201603 9.060 97.900 9.921
201606 9.006 98.100 9.841
201609 9.213 98.000 10.078
201612 11.619 98.400 12.658
201703 13.631 98.100 14.895
201706 13.897 98.500 15.124
201709 15.871 98.800 17.220
201712 18.904 99.400 20.387
201803 18.195 99.200 19.662
201806 20.308 99.200 21.946
201809 22.262 99.900 23.889
201812 28.448 99.700 30.588
201903 28.793 99.700 30.959
201906 32.381 99.800 34.782
201909 29.808 100.100 31.922
201912 30.681 100.500 32.726
202003 24.036 100.300 25.690
202006 27.702 99.900 29.726
202009 31.245 99.900 33.528
202012 33.517 99.300 36.184
202103 45.397 99.900 48.714
202106 47.195 99.500 50.847
202109 47.497 100.100 50.866
202112 50.773 100.100 54.374
202203 46.386 101.100 49.185
202206 38.011 101.800 40.027
202209 53.993 103.100 56.140
202212 43.101 104.100 44.385
202303 43.127 104.400 44.284
202306 43.643 105.200 44.473
202309 42.214 106.200 42.611
202312 42.472 106.800 42.631
202403 46.758 107.200 46.758

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.


SoftBank Group  (FRA:SFT) 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.


SoftBank Group Cyclically Adjusted PB Ratio Related Terms

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


SoftBank Group (FRA:SFT) Business Description

Address
1-9-1 Higashi-shimbashi, Minato-ku, Tokyo, JPN, 105-7303
SoftBank is a Japan-based telecom and e-commerce conglomerate that has expanded mainly through acquisitions, and its key assets include a 40%-owned mobile and fixed broadband telecom operator business in Japan. It also owns 90% of semiconductor chip designer ARM Holdings following the 2023 IPO of this business, and has a vast portfolio of mainly internet- and e-commerce-focused early stage investments. It is also general partner of the $100 billion SoftBank Vision Fund 1 and sole investor in SoftBank Vision Fund 2, both of which primarily invest in pre-IPO internet companies.

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