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Sharp (TSE:6753) Cyclically Adjusted PB Ratio : 1.29 (As of May. 21, 2024)


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What is Sharp Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Sharp's current share price is 円868.80. Sharp's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円671.65. Sharp's Cyclically Adjusted PB Ratio for today is 1.29.

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

TSE:6753' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.7   Max: 1.55
Current: 1.25

During the past years, Sharp's highest Cyclically Adjusted PB Ratio was 1.55. The lowest was 0.15. And the median was 0.70.

TSE:6753's Cyclically Adjusted PB Ratio is ranked better than
62.26% of 1868 companies
in the Hardware industry
Industry Median: 1.645 vs TSE:6753: 1.25

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.

Sharp's adjusted book value per share data for the three months ended in Mar. 2024 was 円220.511. 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671.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sharp Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sharp'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.

Sharp Cyclically Adjusted PB Ratio Chart

Sharp 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 0.44 1.16 1.25 1.23 1.24

Sharp 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 1.23 1.07 1.27 1.44 1.24

Competitive Comparison of Sharp's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Sharp'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.


Sharp's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Sharp 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=868.80/671.65
=1.29

* 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.

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

For example, Sharp'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)
=220.511/107.2000*107.2000
=220.511

Current CPI (Mar. 2024) = 107.2000.

Sharp Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,173.424 98.000 1,283.582
201409 1,340.579 98.500 1,458.985
201412 1,408.187 97.900 1,541.958
201503 178.420 97.900 195.369
201506 1,355.462 98.400 1,476.682
201509 995.741 98.500 1,083.690
201512 876.272 98.100 957.557
201603 -254.631 97.900 -278.820
201606 -504.951 98.100 -551.792
201609 512.540 98.000 560.656
201612 573.435 98.400 624.718
201703 591.551 98.100 646.425
201706 638.027 98.500 694.381
201709 690.792 98.800 749.523
201712 747.842 99.400 806.526
201803 759.345 99.200 820.583
201806 767.435 99.200 829.325
201809 767.188 99.900 823.249
201812 795.789 99.700 855.653
201903 659.387 99.700 708.990
201906 467.881 99.800 502.574
201909 515.093 100.100 551.628
201912 590.101 100.500 629.441
202003 482.174 100.300 515.344
202006 524.786 99.900 563.134
202009 551.722 99.900 592.038
202012 559.473 99.300 603.983
202103 574.075 99.900 616.024
202106 581.285 99.500 626.269
202109 621.539 100.100 665.624
202112 690.217 100.100 739.173
202203 744.196 101.100 789.098
202206 806.481 101.800 849.261
202209 797.068 103.100 828.765
202212 711.412 104.100 732.597
202303 321.501 104.400 330.124
202306 398.419 105.200 405.994
202309 420.049 106.200 424.004
202312 391.812 106.800 393.279
202403 220.511 107.200 220.511

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.


Sharp  (TSE:6753) 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.


Sharp Cyclically Adjusted PB Ratio Related Terms

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


Sharp (TSE:6753) Business Description

Industry
Traded in Other Exchanges
Address
1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, JPN, 590-8522
Sharp Corp is a Japan-based company that is principally engaged in producing and selling a broad range of consumer and industrial electronic products. The company's business segments consist of the consumer electronics segment, the energy solutions segment, the business solutions segment, the electronic components and devices segment, and the display devices segment. The company generates over half of its revenue from the consumer electronics segment and the display devices segment. It has a global business presence, with China, Japan, the Americas, and Europe its four largest markets.

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