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GMO Internet group (GMO Internet group) Cyclically Adjusted PB Ratio : 4.64 (As of Jun. 10, 2024)


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What is GMO Internet group Cyclically Adjusted PB Ratio?

As of today (2024-06-10), GMO Internet group's current share price is $34.17. GMO Internet group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $7.37. GMO Internet group's Cyclically Adjusted PB Ratio for today is 4.64.

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

GMYOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.57   Med: 7.37   Max: 14.18
Current: 4.75

During the past years, GMO Internet group's highest Cyclically Adjusted PB Ratio was 14.18. The lowest was 4.57. And the median was 7.37.

GMYOY's Cyclically Adjusted PB Ratio is ranked worse than
87.85% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.475 vs GMYOY: 4.75

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.

GMO Internet group's adjusted book value per share data for the three months ended in Mar. 2024 was $10.908. 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 $7.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GMO Internet group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GMO Internet 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.

GMO Internet group Cyclically Adjusted PB Ratio Chart

GMO Internet group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.53 9.58 7.54 5.79 5.22

GMO Internet 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 5.83 6.02 4.88 5.22 5.46

Competitive Comparison of GMO Internet group's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, GMO Internet 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.


GMO Internet group's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



GMO Internet 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.

GMO Internet group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.17/7.37
=4.64

* 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.

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

For example, GMO Internet 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)
=10.908/107.2000*107.2000
=10.908

Current CPI (Mar. 2024) = 107.2000.

GMO Internet group Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.386 98.000 4.798
201409 4.356 98.500 4.741
201412 4.162 97.900 4.557
201503 4.253 97.900 4.657
201506 4.800 98.400 5.229
201509 5.047 98.500 5.493
201512 5.540 98.100 6.054
201603 5.529 97.900 6.054
201606 6.117 98.100 6.684
201609 6.490 98.000 7.099
201612 5.890 98.400 6.417
201703 6.106 98.100 6.672
201706 6.266 98.500 6.819
201709 6.300 98.800 6.836
201712 6.735 99.400 7.264
201803 7.367 99.200 7.961
201806 7.520 99.200 8.126
201809 7.538 99.900 8.089
201812 8.131 99.700 8.743
201903 8.301 99.700 8.925
201906 8.280 99.800 8.894
201909 8.637 100.100 9.250
201912 8.719 100.500 9.300
202003 8.921 100.300 9.535
202006 7.928 99.900 8.507
202009 8.367 99.900 8.978
202012 8.990 99.300 9.705
202103 10.544 99.900 11.314
202106 11.655 99.500 12.557
202109 12.043 100.100 12.897
202112 11.797 100.100 12.634
202203 11.103 101.100 11.773
202206 11.043 101.800 11.629
202209 9.711 103.100 10.097
202212 10.031 104.100 10.330
202303 10.583 104.400 10.867
202306 10.566 105.200 10.767
202309 10.431 106.200 10.529
202312 10.807 106.800 10.847
202403 10.908 107.200 10.908

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.


GMO Internet group  (GREY:GMYOY) 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.


GMO Internet group Cyclically Adjusted PB Ratio Related Terms

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


GMO Internet group (GMO Internet group) Business Description

Traded in Other Exchanges
Address
Cerulean Tower 4th-14th floors, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JPN
GMO Internet group Inc operates through four main segments, Internet infrastructure, Online advertising and media, Internet securities, and Cryptocurrency. Internet infrastructure, the largest segment, provides basic Internet services, such as domain hosting and e-commerce payments. Online advertising and media segment provides marketing services for online businesses. The Internet securities division provides consumer financial services, and the Cryptocurrency segment operates business pertaining to mining and exchange of cryptocurrency. The company generates the vast majority of revenue in Japan.