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LIXIL (TSE:5938) Cyclically Adjusted PB Ratio : 0.81 (As of May. 27, 2024)


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What is LIXIL Cyclically Adjusted PB Ratio?

As of today (2024-05-27), LIXIL's current share price is 円1736.00. LIXIL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円2,135.12. LIXIL's Cyclically Adjusted PB Ratio for today is 0.81.

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

TSE:5938' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.03   Max: 1.7
Current: 0.82

During the past years, LIXIL's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.54. And the median was 1.03.

TSE:5938's Cyclically Adjusted PB Ratio is ranked better than
62.5% of 1216 companies
in the Construction industry
Industry Median: 1.11 vs TSE:5938: 0.82

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.

LIXIL's adjusted book value per share data for the three months ended in Mar. 2024 was 円2,237.529. 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2,135.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LIXIL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LIXIL'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.

LIXIL Cyclically Adjusted PB Ratio Chart

LIXIL Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 1.56 1.15 1.05 0.88

LIXIL 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 1.05 0.87 0.82 0.83 0.88

Competitive Comparison of LIXIL's Cyclically Adjusted PB Ratio

For the Building Products & Equipment subindustry, LIXIL'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.


LIXIL's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, LIXIL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



LIXIL 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1736.00/2135.12
=0.81

* 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.

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

For example, LIXIL'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)
=2237.529/107.2000*107.2000
=2,237.529

Current CPI (Mar. 2024) = 107.2000.

LIXIL Quarterly Data

Book Value per Share CPI Adj_Book
201406 2,101.172 98.000 2,298.425
201409 2,108.130 98.500 2,294.330
201412 2,177.011 97.900 2,383.816
201503 2,038.564 97.900 2,232.217
201506 1,936.931 98.400 2,110.152
201509 1,989.111 98.500 2,164.799
201512 1,993.113 98.100 2,177.999
201603 1,828.834 97.900 2,002.564
201606 1,694.311 98.100 1,851.480
201609 1,733.501 98.000 1,896.238
201612 1,928.754 98.400 2,101.244
201703 1,902.180 98.100 2,078.631
201706 2,008.975 98.500 2,186.417
201709 2,044.440 98.800 2,218.259
201712 2,151.651 99.400 2,320.493
201803 2,128.773 99.200 2,300.448
201806 2,085.783 99.200 2,253.991
201809 2,086.208 99.900 2,238.654
201812 2,024.899 99.700 2,177.223
201903 1,839.590 99.700 1,977.974
201906 1,808.608 99.800 1,942.713
201909 1,839.590 100.100 1,970.070
201912 1,875.002 100.500 2,000.002
202003 1,730.989 100.300 1,850.070
202006 1,710.124 99.900 1,835.088
202009 1,753.115 99.900 1,881.221
202012 1,844.029 99.300 1,990.734
202103 1,902.893 99.900 2,041.943
202106 1,922.523 99.500 2,071.301
202109 1,948.831 100.100 2,087.060
202112 1,978.541 100.100 2,118.877
202203 2,106.305 101.100 2,233.392
202206 2,196.474 101.800 2,312.986
202209 2,216.960 103.100 2,305.122
202212 2,129.164 104.100 2,192.568
202303 2,178.769 104.400 2,237.203
202306 2,255.309 105.200 2,298.186
202309 2,287.359 106.200 2,308.897
202312 2,216.378 106.800 2,224.679
202403 2,237.529 107.200 2,237.529

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.


LIXIL  (TSE:5938) 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.


LIXIL Cyclically Adjusted PB Ratio Related Terms

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


LIXIL (TSE:5938) Business Description

Industry
Traded in Other Exchanges
Address
Osaki Garden Tower, 1-1 Nishi-Shinagawa 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0033
LIXIL Corp manufactures and sells building and housing materials globally through two primary segments based on location. The company's product portfolio includes building materials, doors, shutters, plumbing fixtures, equipment, curtain walls, faucets, and bathtubs. The domestic business segment, which generates the majority of revenue, sells its products throughout Japan through retail and distribution centers. The segment also sells and manages real estate. The overseas business segment sells products throughout Asia and North America. Bathroom products in North America are sold under the American Standard brand.

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