GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kubota Corp (TSE:6326) » Definitions » Cyclically Adjusted PB Ratio

Kubota (TSE:6326) Cyclically Adjusted PB Ratio : 1.85 (As of May. 17, 2024)


View and export this data going back to 1949. Start your Free Trial

What is Kubota Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Kubota's current share price is 円2392.50. Kubota's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円1,294.01. Kubota's Cyclically Adjusted PB Ratio for today is 1.85.

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

TSE:6326' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.53   Max: 3.77
Current: 1.85

During the past years, Kubota's highest Cyclically Adjusted PB Ratio was 3.77. The lowest was 1.46. And the median was 2.53.

TSE:6326's Cyclically Adjusted PB Ratio is ranked worse than
50.62% of 162 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.835 vs TSE:6326: 1.85

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.

Kubota's adjusted book value per share data for the three months ended in Mar. 2024 was 円1,975.804. 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1,294.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kubota Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kubota'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.

Kubota Cyclically Adjusted PB Ratio Chart

Kubota 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 2.10 2.55 2.62 1.62 1.69

Kubota 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 1.74 1.77 1.80 1.69 1.84

Competitive Comparison of Kubota's Cyclically Adjusted PB Ratio

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


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

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

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



Kubota 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2392.50/1294.01
=1.85

* 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.

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

For example, Kubota'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)
=1975.804/107.2000*107.2000
=1,975.804

Current CPI (Mar. 2024) = 107.2000.

Kubota Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 98.000 0.000
201409 801.644 98.500 872.449
201412 859.065 97.900 940.672
201503 883.101 97.900 966.991
201506 910.063 98.400 991.451
201509 907.321 98.500 987.460
201512 0.000 98.100 0.000
201603 893.785 97.900 978.690
201606 861.668 98.100 941.598
201609 869.361 98.000 950.974
201612 962.171 98.400 1,048.219
201703 955.107 98.100 1,043.705
201706 997.084 98.500 1,085.151
201709 1,018.092 98.800 1,104.650
201712 1,046.556 99.400 1,128.680
201803 1,019.784 99.200 1,102.025
201806 1,061.471 99.200 1,147.074
201809 1,094.442 99.900 1,174.416
201812 1,087.435 99.700 1,169.238
201903 1,108.487 99.700 1,191.874
201906 1,123.957 99.800 1,207.296
201909 1,133.572 100.100 1,213.975
201912 1,182.392 100.500 1,261.218
202003 1,147.358 100.300 1,226.289
202006 1,185.671 99.900 1,272.312
202009 1,187.522 99.900 1,274.298
202012 1,221.614 99.300 1,318.802
202103 1,295.415 99.900 1,390.075
202106 1,332.603 99.500 1,435.729
202109 1,350.248 100.100 1,446.020
202112 1,398.467 100.100 1,497.659
202203 1,480.052 101.100 1,569.353
202206 1,597.751 101.800 1,682.504
202209 1,649.284 103.100 1,714.871
202212 1,573.879 104.100 1,620.748
202303 1,631.750 104.400 1,675.513
202306 1,801.226 105.200 1,835.470
202309 1,852.888 106.200 1,870.335
202312 1,851.753 106.800 1,858.688
202403 1,975.804 107.200 1,975.804

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.


Kubota  (TSE:6326) 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.


Kubota Cyclically Adjusted PB Ratio Related Terms

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


Kubota (TSE:6326) Business Description

Traded in Other Exchanges
Address
2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, JPN, 556-8601
Kubota manufactures and sells small and midsize agricultural and construction equipment as well as water treatment equipment. Its key products in the farm and industrial machinery segment include compact/utility tractors, mini excavators, compact track loaders, engines, and rice farming equipment, such as combine harvesters as well as rice transplanters. The company has produced over 5.4 million units of tractors worldwide and over 30 million units of engines. Its water and environment segment provides mainly pipe system products like ductile iron pipes and valves, water/waste treatment plants, pumps, as well as operation and maintenance services, including public-private partnership projects. The company is based in Osaka, Japan, and was founded in 1890.

Kubota (TSE:6326) Headlines

No Headlines