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Dentsu Group (TSE:4324) Cyclically Adjusted PB Ratio : 1.16 (As of May. 22, 2024)


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What is Dentsu Group Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Dentsu Group's current share price is 円4193.00. Dentsu Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円3,604.46. Dentsu Group's Cyclically Adjusted PB Ratio for today is 1.16.

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

TSE:4324' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.32   Max: 2.55
Current: 1.16

During the past years, Dentsu Group's highest Cyclically Adjusted PB Ratio was 2.55. The lowest was 0.61. And the median was 1.32.

TSE:4324's Cyclically Adjusted PB Ratio is ranked worse than
50.76% of 662 companies
in the Media - Diversified industry
Industry Median: 1.115 vs TSE:4324: 1.16

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.

Dentsu Group's adjusted book value per share data for the three months ended in Mar. 2024 was 円3,323.126. 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3,604.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dentsu Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dentsu Group'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.

Dentsu Group Cyclically Adjusted PB Ratio Chart

Dentsu Group Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 0.98 1.26 1.19 1.01

Dentsu Group 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 1.33 1.33 1.23 1.01 1.16

Competitive Comparison of Dentsu Group's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, Dentsu Group'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.


Dentsu Group's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Dentsu Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dentsu Group 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.

Dentsu Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4193.00/3604.46
=1.16

* 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.

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

For example, Dentsu Group'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)
=3323.126/107.2000*107.2000
=3,323.126

Current CPI (Mar. 2024) = 107.2000.

Dentsu Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 2,996.137 98.000 3,277.407
201409 2,988.636 98.500 3,252.607
201412 3,294.032 97.900 3,606.948
201503 3,746.568 97.900 4,102.473
201506 3,569.515 98.400 3,888.740
201509 3,771.713 98.500 4,104.849
201512 0.000 98.100 0.000
201603 3,504.943 97.900 3,837.895
201606 3,272.776 98.100 3,576.367
201609 2,776.327 98.000 3,036.962
201612 3,271.206 98.400 3,563.753
201703 3,277.670 98.100 3,581.715
201706 3,355.566 98.500 3,651.946
201709 3,505.010 98.800 3,803.007
201712 3,878.024 99.400 4,182.336
201803 3,777.048 99.200 4,081.649
201806 3,767.878 99.200 4,071.739
201809 4,049.255 99.900 4,345.147
201812 3,716.318 99.700 3,995.881
201903 3,763.470 99.700 4,046.580
201906 3,731.746 99.800 4,008.449
201909 3,576.797 100.100 3,830.496
201912 3,523.105 100.500 3,757.979
202003 3,096.111 100.300 3,309.104
202006 3,315.890 99.900 3,558.192
202009 3,325.085 99.900 3,568.059
202012 2,633.309 99.300 2,842.807
202103 2,791.330 99.900 2,995.301
202106 2,927.841 99.500 3,154.418
202109 3,132.549 100.100 3,354.738
202112 3,088.157 100.100 3,307.197
202203 3,194.875 101.100 3,387.642
202206 3,397.154 101.800 3,577.357
202209 3,450.296 103.100 3,587.505
202212 3,329.615 104.100 3,428.768
202303 3,308.130 104.400 3,396.854
202306 3,479.474 105.200 3,545.624
202309 3,405.541 106.200 3,437.608
202312 3,182.972 106.800 3,194.893
202403 3,323.126 107.200 3,323.126

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.


Dentsu Group  (TSE:4324) 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.


Dentsu Group Cyclically Adjusted PB Ratio Related Terms

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


Dentsu Group (TSE:4324) Business Description

Traded in Other Exchanges
Address
1-8-1 Higashi Shinbashi, Minato-ku, Tokyo, JPN, 105-7001
Dentsu Group Inc is a Japanese international advertising and public relations company that provides communication-related solutions and services such as management and business consulting. Dentsu is one of the world's largest advertising agencies. The company operates through its nine global network brands--Carat, Dentsu, Dentsu media, iProspect, Isobar, mcgarrybowen, MKTG, Posterscope and Vizeum--as well as through its specialist/multi-market brands. It is also active in the production and marketing of sports and entertainment content on a global scale. The company earns a majority of its revenue in Japan, followed by Europe and the Americas, while operating in over 100 countries around the world.

Dentsu Group (TSE:4324) Headlines

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