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ITO EN (ITO EN) Cyclically Adjusted PB Ratio : 3.37 (As of Jun. 09, 2024)


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What is ITO EN Cyclically Adjusted PB Ratio?

As of today (2024-06-09), ITO EN's current share price is $28.685. ITO EN's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $8.51. ITO EN's Cyclically Adjusted PB Ratio for today is 3.37.

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

ITOEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.87   Med: 4.96   Max: 7.44
Current: 2.87

During the past years, ITO EN's highest Cyclically Adjusted PB Ratio was 7.44. The lowest was 2.87. And the median was 4.96.

ITOEF's Cyclically Adjusted PB Ratio is ranked worse than
57.32% of 82 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.36 vs ITOEF: 2.87

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.

ITO EN's adjusted book value per share data for the three months ended in Jan. 2024 was $10.237. 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 $8.51 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITO EN Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ITO EN'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.

ITO EN Cyclically Adjusted PB Ratio Chart

ITO EN Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.28 5.56 5.58 4.67 3.44

ITO EN Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.81 3.44 3.27 3.86 3.37

Competitive Comparison of ITO EN's Cyclically Adjusted PB Ratio

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.


ITO EN's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ITO EN 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.

ITO EN's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.685/8.51
=3.37

* 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.

ITO EN's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, ITO EN's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=10.237/106.9000*106.9000
=10.237

Current CPI (Jan. 2024) = 106.9000.

ITO EN Quarterly Data

Book Value per Share CPI Adj_Book
201404 9.527 97.700 10.424
201407 9.571 98.100 10.430
201410 9.331 98.200 10.158
201501 8.399 97.800 9.181
201504 8.641 98.400 9.387
201507 8.367 98.300 9.099
201510 8.770 98.500 9.518
201601 8.787 97.700 9.614
201604 9.383 98.100 10.225
201607 9.792 97.900 10.692
201610 10.214 98.600 11.074
201701 9.486 98.200 10.326
201704 10.055 98.500 10.912
201707 9.954 98.300 10.825
201710 10.359 98.800 11.208
201801 10.345 99.500 11.114
201804 10.849 99.100 11.703
201807 10.489 99.200 11.303
201810 10.761 100.200 11.481
201901 10.965 99.700 11.757
201904 11.033 100.000 11.794
201907 11.267 99.800 12.069
201910 11.694 100.400 12.451
202001 11.546 100.500 12.281
202004 11.367 100.200 12.127
202007 11.424 100.000 12.212
202010 11.800 99.800 12.639
202101 11.882 99.800 12.727
202104 11.490 99.100 12.394
202107 11.480 99.700 12.309
202110 11.479 99.900 12.283
202201 11.311 100.300 12.055
202204 10.581 101.500 11.144
202207 9.917 102.300 10.363
202210 9.526 103.700 9.820
202301 10.586 104.700 10.808
202304 10.571 105.100 10.752
202307 10.315 105.700 10.432
202310 10.025 107.100 10.006
202401 10.237 106.900 10.237

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.


ITO EN  (OTCPK:ITOEF) 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.


ITO EN Cyclically Adjusted PB Ratio Related Terms

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


ITO EN (ITO EN) Business Description

Traded in Other Exchanges
Address
47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550
ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.

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