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Fujimi (TSE:5384) Cyclically Adjusted PB Ratio : 4.67 (As of May. 09, 2024)


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What is Fujimi Cyclically Adjusted PB Ratio?

As of today (2024-05-09), Fujimi's current share price is 円3515.00. Fujimi's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円753.00. Fujimi's Cyclically Adjusted PB Ratio for today is 4.67.

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

TSE:5384' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.33   Max: 5.05
Current: 4.5

During the past years, Fujimi's highest Cyclically Adjusted PB Ratio was 5.05. The lowest was 1.18. And the median was 2.33.

TSE:5384's Cyclically Adjusted PB Ratio is ranked worse than
73.34% of 679 companies
in the Semiconductors industry
Industry Median: 2.53 vs TSE:5384: 4.50

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.

Fujimi's adjusted book value per share data for the three months ended in Dec. 2023 was 円938.148. 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753.00 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fujimi Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fujimi'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.

Fujimi Cyclically Adjusted PB Ratio Chart

Fujimi Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.40 1.50 2.34 3.43 3.43

Fujimi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.98 3.43 4.88 4.06 4.16

Competitive Comparison of Fujimi's Cyclically Adjusted PB Ratio

For the Semiconductor Equipment & Materials subindustry, Fujimi'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.


Fujimi's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Fujimi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fujimi 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.

Fujimi's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3515.00/753
=4.67

* 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.

Fujimi's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fujimi's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=938.148/106.8000*106.8000
=938.148

Current CPI (Dec. 2023) = 106.8000.

Fujimi Quarterly Data

Book Value per Share CPI Adj_Book
201403 533.369 95.700 595.233
201406 537.314 98.000 585.563
201409 559.905 98.500 607.085
201412 587.662 97.900 641.086
201503 587.936 97.900 641.385
201506 594.671 98.400 645.436
201509 594.461 98.500 644.553
201512 595.355 98.100 648.154
201603 591.391 97.900 645.154
201606 594.866 98.100 647.622
201609 607.289 98.000 661.821
201612 632.385 98.400 686.369
201703 624.271 98.100 679.634
201706 627.151 98.500 679.997
201709 640.999 98.800 692.902
201712 650.357 99.400 698.774
201803 647.044 99.200 696.616
201806 652.873 99.200 702.891
201809 671.197 99.900 717.556
201812 669.953 99.700 717.663
201903 679.284 99.700 727.658
201906 671.008 99.800 718.073
201909 689.251 100.100 735.385
201912 697.122 100.500 740.822
202003 702.224 100.300 747.732
202006 709.829 99.900 758.856
202009 725.754 99.900 775.881
202012 730.757 99.300 785.950
202103 756.238 99.900 808.471
202106 766.566 99.500 822.807
202109 803.862 100.100 857.667
202112 813.759 100.100 868.226
202203 848.970 101.100 896.835
202206 857.511 101.800 899.628
202209 987.673 103.100 1,023.118
202212 884.745 104.100 907.692
202303 930.236 104.400 951.621
202306 937.407 105.200 951.664
202309 962.763 106.200 968.202
202312 938.148 106.800 938.148

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.


Fujimi  (TSE:5384) 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.


Fujimi Cyclically Adjusted PB Ratio Related Terms

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


Fujimi (TSE:5384) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Chiryo-2,, Nishibiwajima-cho, Kiyosu, Kiyosu, JPN, 452-8502
Fujimi Inc is a Japan-based company engaged in the manufacture and sale of synthetic precision abrasives materials. The company offers abrasives for silicon wafers and other semiconductor substrates, chemical mechanical planarization products which are required for multilayered circuits on semiconductor chips, and abrasives for computer hard disks. In addition, it also provides various materials that are used in electronic components, and thermal spray material related to the engine, and many more. The company operates in four geographical regions, including Japan, North America, Asia, and Europe.

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