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Toyota Tsusho (STU:9TO) Cyclically Adjusted PB Ratio : 2.12 (As of Jun. 09, 2024)


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What is Toyota Tsusho Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Toyota Tsusho's current share price is €53.50. Toyota Tsusho's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €25.19. Toyota Tsusho's Cyclically Adjusted PB Ratio for today is 2.12.

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

STU:9TO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.54   Max: 2.63
Current: 2.23

During the past years, Toyota Tsusho's highest Cyclically Adjusted PB Ratio was 2.63. The lowest was 0.76. And the median was 1.54.

STU:9TO's Cyclically Adjusted PB Ratio is ranked worse than
75.17% of 451 companies
in the Conglomerates industry
Industry Median: 0.97 vs STU:9TO: 2.23

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.

Toyota Tsusho's adjusted book value per share data for the three months ended in Mar. 2024 was €43.055. 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 €25.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Tsusho Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toyota Tsusho'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.

Toyota Tsusho Cyclically Adjusted PB Ratio Chart

Toyota Tsusho 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 0.93 1.59 1.57 1.54 2.50

Toyota Tsusho 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 1.54 1.89 2.26 2.07 2.50

Competitive Comparison of Toyota Tsusho's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Toyota Tsusho'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.


Toyota Tsusho's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Toyota Tsusho's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toyota Tsusho 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.

Toyota Tsusho's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.50/25.19
=2.12

* 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.

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

For example, Toyota Tsusho'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)
=43.055/107.2000*107.2000
=43.055

Current CPI (Mar. 2024) = 107.2000.

Toyota Tsusho Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.864 98.000 21.729
201409 20.637 98.500 22.460
201412 20.863 97.900 22.845
201503 25.100 97.900 27.484
201506 22.622 98.400 24.645
201509 22.535 98.500 24.525
201512 22.630 98.100 24.729
201603 21.395 97.900 23.427
201606 19.612 98.100 21.431
201609 20.226 98.000 22.125
201612 20.886 98.400 22.754
201703 24.722 98.100 27.015
201706 24.889 98.500 27.087
201709 24.953 98.800 27.075
201712 25.941 99.400 27.977
201803 25.530 99.200 27.589
201806 25.728 99.200 27.803
201809 26.273 99.900 28.193
201812 25.869 99.700 27.815
201903 27.059 99.700 29.095
201906 28.239 99.800 30.333
201909 29.124 100.100 31.190
201912 29.603 100.500 31.577
202003 28.587 100.300 30.554
202006 28.423 99.900 30.500
202009 28.825 99.900 30.931
202012 30.243 99.300 32.649
202103 32.279 99.900 34.638
202106 32.590 99.500 35.112
202109 34.792 100.100 37.260
202112 36.471 100.100 39.058
202203 37.760 101.100 40.038
202206 37.734 101.800 39.736
202209 37.236 103.100 38.717
202212 36.876 104.100 37.974
202303 38.016 104.400 39.036
202306 39.099 105.200 39.842
202309 40.679 106.200 41.062
202312 40.922 106.800 41.075
202403 43.055 107.200 43.055

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.


Toyota Tsusho  (STU:9TO) 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.


Toyota Tsusho Cyclically Adjusted PB Ratio Related Terms

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


Toyota Tsusho (STU:9TO) Business Description

Traded in Other Exchanges
Address
9-8, Meieki 4-chome, Nakamura-ku, Nagoya, JPN, 450-8575
Toyota Tsusho Corporation is a trading company. The company has six major divisions. The Metal division processes and distributes various steel products, and others. Global Parts and Logistics division is engaged in warehousing and logistics services and others. Automobile division is engaged in automobile parts selling, used vehicles and parts exporting/importing, and others. Machinery, Energy and Plant Project division provides mechanical equipment, various industrial machineries, petroleum products and others. Chemical and Electronics division provides semiconductors, electronic devices, software, chemicals, resins and others. Food and Customer Services division manufactures and sells apparel, food and others. Asian market accounts for majority of the company's sales.

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