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Fullcast Holdings Co (TSE:4848) Cyclically Adjusted PB Ratio : 3.57 (As of Jun. 08, 2024)


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What is Fullcast Holdings Co Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Fullcast Holdings Co's current share price is 円1469.00. Fullcast Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円411.87. Fullcast Holdings Co's Cyclically Adjusted PB Ratio for today is 3.57.

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

TSE:4848' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.41   Med: 8.17   Max: 14.81
Current: 3.51

During the past years, Fullcast Holdings Co's highest Cyclically Adjusted PB Ratio was 14.81. The lowest was 3.41. And the median was 8.17.

TSE:4848's Cyclically Adjusted PB Ratio is ranked worse than
74.89% of 677 companies
in the Business Services industry
Industry Median: 1.6 vs TSE:4848: 3.51

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.

Fullcast Holdings Co's adjusted book value per share data for the three months ended in Mar. 2024 was 円759.252. 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411.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fullcast Holdings Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fullcast 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.

Fullcast Holdings Co Cyclically Adjusted PB Ratio Chart

Fullcast Holdings 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 12.84 6.93 8.96 8.49 4.64

Fullcast Holdings 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 6.96 6.02 4.96 4.64 3.51

Competitive Comparison of Fullcast Holdings Co's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Fullcast 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.


Fullcast Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Fullcast Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fullcast 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1469.00/411.87
=3.57

* 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.

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

For example, Fullcast Holdings 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)
=759.252/107.2000*107.2000
=759.252

Current CPI (Mar. 2024) = 107.2000.

Fullcast Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 153.327 98.000 167.721
201409 160.264 98.500 174.419
201412 173.516 97.900 189.999
201503 164.292 97.900 179.899
201506 174.269 98.400 189.854
201509 176.504 98.500 192.094
201512 195.654 98.100 213.803
201603 195.420 97.900 213.984
201606 211.879 98.100 231.533
201609 217.609 98.000 238.038
201612 239.997 98.400 261.460
201703 235.042 98.100 256.845
201706 257.395 98.500 280.129
201709 263.160 98.800 285.534
201712 287.637 99.400 310.208
201803 280.260 99.200 302.862
201806 308.393 99.200 333.263
201809 323.974 99.900 347.648
201812 333.707 99.700 358.810
201903 348.040 99.700 374.222
201906 368.641 99.800 395.975
201909 387.372 100.100 414.848
201912 418.913 100.500 446.841
202003 416.141 100.300 444.769
202006 424.261 99.900 455.263
202009 431.045 99.900 462.543
202012 453.982 99.300 490.099
202103 453.790 99.900 486.950
202106 489.593 99.500 527.481
202109 509.910 100.100 546.077
202112 539.063 100.100 577.298
202203 545.443 101.100 578.353
202206 592.245 101.800 623.661
202209 619.678 103.100 644.321
202212 661.409 104.100 681.105
202303 671.424 104.400 689.432
202306 694.317 105.200 707.517
202309 704.196 106.200 710.827
202312 727.192 106.800 729.916
202403 759.252 107.200 759.252

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.


Fullcast Holdings Co  (TSE:4848) 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.


Fullcast Holdings Co Cyclically Adjusted PB Ratio Related Terms

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


Fullcast Holdings Co (TSE:4848) Business Description

Traded in Other Exchanges
N/A
Address
8-9-5 Nishigotanda, Forecast Gotanda Building, 12th Floor, Tokyo, Shinagawa-ku, JPN, 1410031
Fullcast Holdings Co Ltd is a Japan-based holding company that provides human resource solutions. The company has two business segments namely, Short-term operational support business including short-term personnel service, event personnel service, and the security business, providing security services mainly for public facilities and corporations. The majority of the company's revenue is generated from Short-term operational support business. The short-term operational support business provides timely short-term staffing services that cater to fluctuations in client company's workloads.

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