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Internet Initiative Japan (Internet Initiative Japan) Cyclically Adjusted PB Ratio : 4.57 (As of Jun. 04, 2024)


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What is Internet Initiative Japan Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Internet Initiative Japan's current share price is $15.072. Internet Initiative Japan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.30. Internet Initiative Japan's Cyclically Adjusted PB Ratio for today is 4.57.

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

IIJIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 2.7   Max: 6.72
Current: 4.55

During the past years, Internet Initiative Japan's highest Cyclically Adjusted PB Ratio was 6.72. The lowest was 1.48. And the median was 2.70.

IIJIF's Cyclically Adjusted PB Ratio is ranked worse than
86.11% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.47 vs IIJIF: 4.55

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.

Internet Initiative Japan's adjusted book value per share data for the three months ended in Mar. 2024 was $4.747. 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 $3.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Internet Initiative Japan Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Internet Initiative Japan'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.

Internet Initiative Japan Cyclically Adjusted PB Ratio Chart

Internet Initiative Japan 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 2.63 3.70 5.26 6.23 5.85

Internet Initiative Japan 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 6.23 5.95 5.19 6.06 5.85

Competitive Comparison of Internet Initiative Japan's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Internet Initiative Japan'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.


Internet Initiative Japan's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



Internet Initiative Japan 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.

Internet Initiative Japan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.072/3.3
=4.57

* 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.

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

For example, Internet Initiative Japan'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)
=4.747/107.2000*107.2000
=4.747

Current CPI (Mar. 2024) = 107.2000.

Internet Initiative Japan Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.166 98.000 3.463
201409 3.038 98.500 3.306
201412 2.794 97.900 3.059
201503 2.825 97.900 3.093
201506 2.762 98.400 3.009
201509 2.876 98.500 3.130
201512 2.860 98.100 3.125
201603 3.124 97.900 3.421
201606 3.345 98.100 3.655
201609 3.502 98.000 3.831
201612 3.097 98.400 3.374
201703 3.343 98.100 3.653
201706 3.371 98.500 3.669
201709 3.444 98.800 3.737
201712 3.457 99.400 3.728
201803 3.899 99.200 4.213
201806 3.721 99.200 4.021
201809 3.742 99.900 4.015
201812 3.678 99.700 3.955
201903 3.806 99.700 4.092
201906 3.951 99.800 4.244
201909 4.028 100.100 4.314
201912 4.091 100.500 4.364
202003 4.073 100.300 4.353
202006 4.076 99.900 4.374
202009 4.351 99.900 4.669
202012 4.551 99.300 4.913
202103 4.587 99.900 4.922
202106 4.659 99.500 5.020
202109 4.888 100.100 5.235
202112 4.862 100.100 5.207
202203 4.834 101.100 5.126
202206 4.359 101.800 4.590
202209 4.264 103.100 4.434
202212 4.596 104.100 4.733
202303 4.896 104.400 5.027
202306 4.401 105.200 4.485
202309 4.413 106.200 4.455
202312 4.594 106.800 4.611
202403 4.747 107.200 4.747

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.


Internet Initiative Japan  (OTCPK:IIJIF) 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.


Internet Initiative Japan Cyclically Adjusted PB Ratio Related Terms

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


Internet Initiative Japan (Internet Initiative Japan) Business Description

Traded in Other Exchanges
Address
Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.

Internet Initiative Japan (Internet Initiative Japan) Headlines