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Noritsu Koki Co (Noritsu Koki Co) Cyclically Adjusted PB Ratio : 1.05 (As of Jun. 07, 2024)


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What is Noritsu Koki Co Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Noritsu Koki Co's current share price is $20.00. Noritsu Koki Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $19.10. Noritsu Koki Co's Cyclically Adjusted PB Ratio for today is 1.05.

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

NKOKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1.09   Max: 1.8
Current: 1.36

During the past years, Noritsu Koki Co's highest Cyclically Adjusted PB Ratio was 1.80. The lowest was 0.43. And the median was 1.09.

NKOKF's Cyclically Adjusted PB Ratio is ranked better than
59.05% of 1895 companies
in the Hardware industry
Industry Median: 1.68 vs NKOKF: 1.36

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.

Noritsu Koki Co's adjusted book value per share data for the three months ended in Mar. 2024 was $39.240. 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 $19.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Noritsu Koki Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Noritsu Koki 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.

Noritsu Koki Co Cyclically Adjusted PB Ratio Chart

Noritsu Koki Co Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.44 1.39 0.52 1.37 0.96

Noritsu Koki Co 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 0.87 0.86 1.18 1.02 1.05

Competitive Comparison of Noritsu Koki Co's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Noritsu Koki 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.


Noritsu Koki Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Noritsu Koki Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Noritsu Koki 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.00/19.1
=1.05

* 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.

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

For example, Noritsu Koki Co'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)
=39.24/107.2000*107.2000
=39.240

Current CPI (Mar. 2024) = 107.2000.

Noritsu Koki Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.168 98.000 17.686
201409 15.430 98.500 16.793
201412 14.169 97.900 15.515
201503 13.111 97.900 14.356
201506 12.921 98.400 14.077
201509 13.314 98.500 14.490
201512 11.628 98.100 12.707
201603 13.071 97.900 14.313
201606 14.013 98.100 15.313
201609 14.521 98.000 15.884
201612 12.990 98.400 14.152
201703 14.246 98.100 15.567
201706 14.790 98.500 16.096
201709 16.946 98.800 18.387
201712 17.931 99.400 19.338
201803 19.984 99.200 21.596
201806 19.076 99.200 20.614
201809 18.196 99.900 19.526
201812 17.361 99.700 18.667
201903 18.939 99.700 20.364
201906 19.711 99.800 21.173
201909 18.749 100.100 20.079
201912 20.824 100.500 22.212
202003 20.469 100.300 21.877
202006 23.361 99.900 25.068
202009 24.997 99.900 26.824
202012 28.518 99.300 30.787
202103 27.727 99.900 29.753
202106 27.481 99.500 29.608
202109 27.605 100.100 29.563
202112 27.370 100.100 29.311
202203 50.198 101.100 53.227
202206 43.891 101.800 46.219
202209 40.042 103.100 41.634
202212 40.024 104.100 41.216
202303 40.619 104.400 41.708
202306 40.909 105.200 41.687
202309 39.641 106.200 40.014
202312 39.974 106.800 40.124
202403 39.240 107.200 39.240

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.


Noritsu Koki Co  (OTCPK:NKOKF) 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.


Noritsu Koki Co Cyclically Adjusted PB Ratio Related Terms

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


Noritsu Koki Co (Noritsu Koki Co) Business Description

Traded in Other Exchanges
Address
Azabu Juban 1-10-10 Joule A, 5th Floor, Minato-ku, Tokyo, JPN, 106-0045
Noritsu Koki Co Ltd is a Japan-based company, engaged in the healthcare, drug discovery, senior life, agribusiness food, manufacturing, and other operations. In the manufacturing business, the company manufactures marking pen tip made of felt and synthetic fiber as the main product. In the healthcare business, it offers a range of medical services. In the drug discovery business, the company conducts research and development on biopharmaceuticals and regenerative medicine. The other operations of the company involves the business development and investment research, digital area business and insurance business.

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