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Restar (Restar) Cyclically Adjusted PB Ratio : 0.95 (As of Jun. 10, 2024)


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What is Restar Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Restar's current share price is $14.30. Restar's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.12. Restar's Cyclically Adjusted PB Ratio for today is 0.95.

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

RTARF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.71   Max: 1.05
Current: 1.01

During the past years, Restar's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.46. And the median was 0.71.

RTARF's Cyclically Adjusted PB Ratio is ranked better than
80.23% of 688 companies
in the Semiconductors industry
Industry Median: 2.555 vs RTARF: 1.01

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.

Restar's adjusted book value per share data for the three months ended in Dec. 2023 was $18.963. 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 $15.12 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restar Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Restar'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.

Restar Cyclically Adjusted PB Ratio Chart

Restar 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 0.52 0.71 0.68 0.73 -

Restar 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 0.73 0.82 0.82 0.95 -

Competitive Comparison of Restar's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Restar'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.


Restar's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Restar's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Restar 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.

Restar's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.30/15.12
=0.95

* 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.

Restar's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Restar's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=18.963/106.8000*106.8000
=18.963

Current CPI (Dec. 2023) = 106.8000.

Restar Quarterly Data

Book Value per Share CPI Adj_Book
201403 31.132 95.700 34.743
201406 31.572 98.000 34.407
201409 30.713 98.500 33.301
201412 28.846 97.900 31.468
201503 29.611 97.900 32.303
201506 29.316 98.400 31.819
201509 30.510 98.500 33.081
201512 30.467 98.100 33.169
201603 26.327 97.900 28.720
201606 33.885 98.100 36.890
201609 35.083 98.000 38.233
201612 31.335 98.400 34.010
201703 20.728 98.100 22.566
201706 21.278 98.500 23.071
201709 21.427 98.800 23.162
201712 22.874 99.400 24.577
201803 23.631 99.200 25.441
201806 22.314 99.200 24.024
201809 22.581 99.900 24.141
201812 22.225 99.700 23.808
201903 22.013 99.700 23.581
201906 21.578 99.800 23.091
201909 21.869 100.100 23.333
201912 21.654 100.500 23.011
202003 21.740 100.300 23.149
202006 21.654 99.900 23.150
202009 22.522 99.900 24.078
202012 24.397 99.300 26.240
202103 22.460 99.900 24.011
202106 22.387 99.500 24.029
202109 22.769 100.100 24.293
202112 22.475 100.100 23.979
202203 21.779 101.100 23.007
202206 19.260 101.800 20.206
202209 18.375 103.100 19.034
202212 19.688 104.100 20.199
202303 20.125 104.400 20.588
202306 18.841 105.200 19.128
202309 18.539 106.200 18.644
202312 18.963 106.800 18.963

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.


Restar  (OTCPK:RTARF) 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.


Restar Cyclically Adjusted PB Ratio Related Terms

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


Restar (Restar) Business Description

Industry
Traded in Other Exchanges
Address
3-6-5 Higashi Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002
Restar Holdings Corp manufactures and distributes semiconductors and electronic components. The company offers semiconductors/modules, optical components, displays, industrial lasers, sensors, measuring instruments/filters, batteries, quartz crystal devices, adhesive materials/optical materials, and speakers/receivers. It also provides electronic manufacturing services.

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