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Iseki (TSE:6310) Cyclically Adjusted PB Ratio : 0.32 (As of Jun. 11, 2024)


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What is Iseki Cyclically Adjusted PB Ratio?

As of today (2024-06-11), Iseki's current share price is 円1023.00. Iseki's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円3,170.10. Iseki's Cyclically Adjusted PB Ratio for today is 0.32.

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

TSE:6310' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.48   Max: 1.07
Current: 0.32

During the past years, Iseki's highest Cyclically Adjusted PB Ratio was 1.07. The lowest was 0.31. And the median was 0.48.

TSE:6310's Cyclically Adjusted PB Ratio is ranked better than
94.71% of 170 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.65 vs TSE:6310: 0.32

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.

Iseki's adjusted book value per share data for the three months ended in Mar. 2024 was 円3,094.583. 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3,170.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iseki Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Iseki'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.

Iseki Cyclically Adjusted PB Ratio Chart

Iseki 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 0.58 0.48 0.47 0.38 0.34

Iseki 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 0.38 0.40 0.38 0.34 0.33

Competitive Comparison of Iseki's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Iseki'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.


Iseki's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Iseki's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Iseki 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1023.00/3170.1
=0.32

* 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.

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

For example, Iseki'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)
=3094.583/107.2000*107.2000
=3,094.583

Current CPI (Mar. 2024) = 107.2000.

Iseki Quarterly Data

Book Value per Share CPI Adj_Book
201406 2,917.996 98.000 3,191.930
201409 2,930.010 98.500 3,188.803
201412 2,960.437 97.900 3,241.663
201503 3,074.049 97.900 3,366.068
201506 3,053.597 98.400 3,326.683
201509 2,989.097 98.500 3,253.109
201512 0.000 98.100 0.000
201603 2,850.509 97.900 3,121.293
201606 2,835.280 98.100 3,098.288
201609 2,840.017 98.000 3,106.631
201612 2,900.777 98.400 3,160.196
201703 2,847.207 98.100 3,111.321
201706 2,987.993 98.500 3,251.907
201709 3,048.602 98.800 3,307.795
201712 3,065.328 99.400 3,305.867
201803 2,986.308 99.200 3,227.139
201806 3,064.708 99.200 3,311.862
201809 3,087.949 99.900 3,313.595
201812 2,978.176 99.700 3,202.211
201903 2,932.005 99.700 3,152.567
201906 2,962.948 99.800 3,182.646
201909 3,024.436 100.100 3,238.956
201912 2,990.430 100.500 3,189.792
202003 2,902.915 100.300 3,102.617
202006 2,978.389 99.900 3,196.029
202009 3,045.719 99.900 3,268.279
202012 2,684.679 99.300 2,898.264
202103 2,793.805 99.900 2,997.957
202106 2,888.511 99.500 3,112.044
202109 2,920.183 100.100 3,127.309
202112 2,865.552 100.100 3,068.803
202203 2,851.798 101.100 3,023.865
202206 2,966.300 101.800 3,123.648
202209 3,014.550 103.100 3,134.430
202212 3,007.216 104.100 3,096.768
202303 3,021.542 104.400 3,102.580
202306 3,116.781 105.200 3,176.035
202309 3,153.480 106.200 3,183.174
202312 3,065.529 106.800 3,077.010
202403 3,094.583 107.200 3,094.583

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.


Iseki  (TSE:6310) 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.


Iseki Cyclically Adjusted PB Ratio Related Terms

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


Iseki (TSE:6310) Business Description

Traded in Other Exchanges
N/A
Address
3-14, Nishi-Nippori 5-chome, Arakawa-ku, Tokyo, JPN, 799-2692
Iseki & Co Ltd is a manufacturer of agricultural machinery in Japan whose products include cultivating machinery comprising tractors, multipurpose vehicles, and tillers; planting machinery, including rice and vegetable transplanters; and harvesting machinery consisting of combine harvesters and binders. The company distributes its products within domestic market and to overseas markets through its distribution network.

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