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Hulic Co (TSE:3003) Cyclically Adjusted PB Ratio : 2.11 (As of May. 26, 2024)


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What is Hulic Co Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Hulic Co's current share price is 円1454.00. Hulic Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円689.09. Hulic Co's Cyclically Adjusted PB Ratio for today is 2.11.

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

TSE:3003' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 1.92   Max: 2.65
Current: 2.11

During the past years, Hulic Co's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 1.38. And the median was 1.92.

TSE:3003's Cyclically Adjusted PB Ratio is ranked worse than
86.02% of 1338 companies
in the Real Estate industry
Industry Median: 0.71 vs TSE:3003: 2.11

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.

Hulic Co's adjusted book value per share data for the three months ended in Mar. 2024 was 円1,014.190. 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689.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hulic Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hulic 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.

Hulic Co Cyclically Adjusted PB Ratio Chart

Hulic Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.25 2.11 2.07 1.76 2.20

Hulic 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 1.79 1.96 2.07 2.20 2.28

Competitive Comparison of Hulic Co's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Hulic 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.


Hulic Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hulic Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hulic 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1454.00/689.09
=2.11

* 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.

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

For example, Hulic 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)
=1014.19/107.2000*107.2000
=1,014.190

Current CPI (Mar. 2024) = 107.2000.

Hulic Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 320.860 98.000 350.982
201409 325.612 98.500 354.372
201412 341.403 97.900 373.835
201503 353.411 97.900 386.983
201506 455.976 98.400 496.754
201509 448.962 98.500 488.617
201512 474.904 98.100 518.957
201603 471.965 97.900 516.799
201606 477.779 98.100 522.099
201609 487.366 98.000 533.119
201612 511.684 98.400 557.444
201703 513.461 98.100 561.091
201706 538.623 98.500 586.197
201709 540.817 98.800 586.797
201712 570.024 99.400 614.754
201803 565.238 99.200 610.822
201806 594.066 99.200 641.975
201809 591.815 99.900 635.061
201812 608.490 99.700 654.264
201903 605.529 99.700 651.080
201906 632.642 99.800 679.551
201909 644.927 100.100 690.671
201912 687.017 100.500 732.818
202003 660.091 100.300 705.501
202006 686.945 99.900 737.142
202009 673.403 99.900 722.611
202012 728.311 99.300 786.253
202103 740.035 99.900 794.112
202106 774.634 99.500 834.581
202109 769.729 100.100 824.325
202112 836.889 100.100 896.249
202203 837.036 101.100 887.540
202206 863.452 101.800 909.254
202209 860.542 103.100 894.763
202212 901.092 104.100 927.926
202303 907.706 104.400 932.051
202306 955.960 105.200 974.134
202309 958.821 106.200 967.849
202312 1,006.195 106.800 1,009.964
202403 1,014.190 107.200 1,014.190

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.


Hulic Co  (TSE:3003) 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.


Hulic Co Cyclically Adjusted PB Ratio Related Terms

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


Hulic Co (TSE:3003) Business Description

Industry
Traded in Other Exchanges
Address
7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN
Hulic Co Ltd engages in real estate leasing of office buildings, residential properties, retail properties, hotels, and other properties across Tokyo. Although leasing is the core business, the company also operates a reconstruction business, development business, and investment business. Hulic's office buildings consist primarily of medium-sized offices and are constructed with quake-damping technology to ensure reliability and safety. Office buildings constitute nearly half of Hulic's portfolio. Aside from leasing condominiums, residential properties include housing built exclusively for the elderly. The group traditionally has staked its real estate business on accessibility by placing properties near stations and in metropolitan areas.

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