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Nihon House Holdings Co (TSE:1873) Cyclically Adjusted PB Ratio : 0.65 (As of May. 26, 2024)


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What is Nihon House Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Nihon House Holdings Co's current share price is 円312.00. Nihon House Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was 円483.63. Nihon House Holdings Co's Cyclically Adjusted PB Ratio for today is 0.65.

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

TSE:1873' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.97   Max: 2.25
Current: 0.65

During the past years, Nihon House Holdings Co's highest Cyclically Adjusted PB Ratio was 2.25. The lowest was 0.61. And the median was 0.97.

TSE:1873's Cyclically Adjusted PB Ratio is ranked better than
74.36% of 78 companies
in the Homebuilding & Construction industry
Industry Median: 1.42 vs TSE:1873: 0.65

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.

Nihon House Holdings Co's adjusted book value per share data for the three months ended in Jan. 2024 was 円519.071. 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 円483.63 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nihon House Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nihon House Holdings 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.

Nihon House Holdings Co Cyclically Adjusted PB Ratio Chart

Nihon House Holdings Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.54 0.65 0.98 0.95 0.72

Nihon House Holdings Co 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 0.85 0.85 0.79 0.72 0.63

Competitive Comparison of Nihon House Holdings Co's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, Nihon House Holdings 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.


Nihon House Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nihon House Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nihon House Holdings Co's Cyclically Adjusted PB Ratio falls into.



Nihon House Holdings 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.

Nihon House Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=312.00/483.63
=0.65

* 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.

Nihon House Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Nihon House Holdings Co'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)
=519.071/106.9000*106.9000
=519.071

Current CPI (Jan. 2024) = 106.9000.

Nihon House Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201404 313.291 97.700 342.792
201407 319.068 98.100 347.690
201410 368.330 98.200 400.962
201501 333.821 97.800 364.882
201504 343.718 98.400 373.409
201507 349.146 98.300 379.692
201510 398.262 98.500 432.225
201601 368.287 97.700 402.967
201604 364.385 98.100 397.072
201607 381.367 97.900 416.426
201610 443.541 98.600 480.878
201701 420.390 98.200 457.634
201704 430.287 98.500 466.982
201707 440.119 98.300 478.624
201710 485.288 98.800 525.074
201801 462.224 99.500 496.600
201804 463.728 99.100 500.227
201807 487.861 99.200 525.729
201810 464.798 100.200 495.877
201901 434.409 99.700 465.781
201904 436.633 100.000 466.761
201907 445.157 99.800 476.826
201910 491.853 100.400 523.696
202001 460.309 100.500 489.622
202004 457.605 100.200 488.203
202007 465.911 100.000 498.059
202010 499.027 99.800 534.529
202101 489.942 99.800 524.798
202104 489.805 99.100 528.357
202107 508.410 99.700 545.126
202110 551.447 99.900 590.087
202201 525.496 100.300 560.075
202204 525.846 101.500 553.822
202207 541.147 102.300 565.480
202210 572.923 103.700 590.602
202301 529.821 104.700 540.954
202304 512.120 105.100 520.891
202307 513.246 105.700 519.073
202310 558.747 107.100 557.704
202401 519.071 106.900 519.071

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.


Nihon House Holdings Co  (TSE:1873) 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.


Nihon House Holdings Co Cyclically Adjusted PB Ratio Related Terms

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Nihon House Holdings Co (TSE:1873) Business Description

Traded in Other Exchanges
N/A
Address
Iidabashi 4 - chome, Building 3 - 8, Chiyoda - ku, Tokyo, JPN, 102-0072
Nihon House Holdings Co Ltd designs, build and sell wooden houses and condominiums. It is engaged in the construction of residential buildings. It also provides infrastructure and transport permit.

Nihon House Holdings Co (TSE:1873) Headlines

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