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Toho Co (FRA:TOH) Cyclically Adjusted PB Ratio : 2.29 (As of Jun. 01, 2024)


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What is Toho Co Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Toho Co's current share price is €29.00. Toho Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €12.69. Toho Co's Cyclically Adjusted PB Ratio for today is 2.29.

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

FRA:TOH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 2.68   Max: 3.29
Current: 2.4

During the past years, Toho Co's highest Cyclically Adjusted PB Ratio was 3.29. The lowest was 1.98. And the median was 2.68.

FRA:TOH's Cyclically Adjusted PB Ratio is ranked worse than
76.47% of 680 companies
in the Media - Diversified industry
Industry Median: 1.12 vs FRA:TOH: 2.40

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.

Toho Co's adjusted book value per share data for the three months ended in Feb. 2024 was €16.340. 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 €12.69 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toho 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.

Toho Co Cyclically Adjusted PB Ratio Chart

Toho Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 2.43 2.72 2.48 2.35

Toho Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.48 2.80 2.78 2.51 2.35

Competitive Comparison of Toho Co's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Toho 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.


Toho Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toho Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toho 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.00/12.69
=2.29

* 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.

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

For example, Toho Co's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=16.34/106.9000*106.9000
=16.340

Current CPI (Feb. 2024) = 106.9000.

Toho Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 9.873 98.100 10.759
201408 10.303 98.300 11.204
201411 9.854 97.900 10.760
201502 10.944 97.600 11.987
201505 11.211 98.700 12.142
201508 11.216 98.400 12.185
201511 11.804 98.100 12.863
201602 12.211 97.800 13.347
201605 12.763 98.200 13.894
201608 14.071 97.900 15.365
201611 14.171 98.600 15.364
201702 14.277 98.100 15.558
201705 14.029 98.600 15.210
201708 13.981 98.500 15.173
201711 13.982 99.100 15.083
201802 14.144 99.500 15.196
201805 14.661 99.300 15.783
201808 15.253 99.800 16.338
201811 15.244 100.000 16.296
201902 15.754 99.700 16.892
201905 16.207 100.000 17.325
201908 17.353 100.000 18.550
201911 17.396 100.500 18.504
202002 17.435 100.300 18.582
202005 17.343 100.100 18.521
202008 16.254 100.100 17.358
202011 16.812 99.500 18.062
202102 16.417 99.800 17.585
202105 16.074 99.400 17.287
202108 16.632 99.700 17.833
202111 16.633 100.100 17.763
202202 17.128 100.700 18.183
202205 16.625 101.800 17.458
202208 16.882 102.700 17.572
202211 15.829 103.900 16.286
202302 16.430 104.000 16.888
202305 16.148 105.100 16.425
202308 15.807 105.900 15.956
202311 15.496 106.900 15.496
202402 16.340 106.900 16.340

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.


Toho Co  (FRA:TOH) 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.


Toho Co Cyclically Adjusted PB Ratio Related Terms

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


Toho Co (FRA:TOH) Business Description

Traded in Other Exchanges
Address
1-2-2 Yurakucho Chiyoda-ku, Tokyo, JPN, 100-8415
Toho is a diversified media company, with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.

Toho Co (FRA:TOH) Headlines

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