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Toyota Motor (TSE:7203) Cyclically Adjusted PB Ratio : 2.09 (As of May. 17, 2024)


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What is Toyota Motor Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Toyota Motor's current share price is 円3352.00. Toyota Motor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円1,600.84. Toyota Motor's Cyclically Adjusted PB Ratio for today is 2.09.

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

TSE:7203' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 1.59   Max: 2.49
Current: 2.09

During the past years, Toyota Motor's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 1.17. And the median was 1.59.

TSE:7203's Cyclically Adjusted PB Ratio is ranked worse than
67.21% of 927 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs TSE:7203: 2.09

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.

Toyota Motor's adjusted book value per share data for the three months ended in Mar. 2024 was 円2,539.742. 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1,600.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Motor Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Toyota Motor'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.

Toyota Motor Cyclically Adjusted PB Ratio Chart

Toyota Motor 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 1.24 1.53 1.78 1.32 2.37

Toyota Motor 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 1.32 1.58 1.77 1.66 2.37

Competitive Comparison of Toyota Motor's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toyota Motor 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.

Toyota Motor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3352.00/1600.84
=2.09

* 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.

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

For example, Toyota Motor'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)
=2539.742/107.2000*107.2000
=2,539.742

Current CPI (Mar. 2024) = 107.2000.

Toyota Motor Quarterly Data

Book Value per Share CPI Adj_Book
201406 928.371 98.000 1,015.524
201409 975.148 98.500 1,061.278
201412 1,037.396 97.900 1,135.943
201503 1,066.990 97.900 1,168.349
201506 1,093.367 98.400 1,191.148
201509 1,094.474 98.500 1,191.143
201512 1,124.670 98.100 1,228.997
201603 1,102.614 97.900 1,207.357
201606 1,071.153 98.100 1,170.516
201609 1,091.586 98.000 1,194.061
201612 1,157.396 98.400 1,260.903
201703 1,177.577 98.100 1,286.812
201706 1,201.681 98.500 1,307.819
201709 1,243.943 98.800 1,349.703
201712 1,293.026 99.400 1,394.491
201803 1,287.732 99.200 1,391.581
201806 1,310.027 99.200 1,415.674
201809 1,360.030 99.900 1,459.412
201812 1,340.979 99.700 1,441.855
201903 1,405.650 99.700 1,511.391
201906 1,382.814 99.800 1,485.347
201909 1,419.511 100.100 1,520.196
201912 1,460.808 100.500 1,558.195
202003 1,490.795 100.300 1,593.352
202006 1,481.704 99.900 1,589.977
202009 1,502.942 99.900 1,612.767
202012 1,559.687 99.300 1,683.771
202103 1,674.181 99.900 1,796.519
202106 1,726.935 99.500 1,860.577
202109 1,778.351 100.100 1,904.488
202112 1,804.768 100.100 1,932.779
202203 1,904.877 101.100 2,019.810
202206 1,994.900 101.800 2,100.720
202209 2,054.869 103.100 2,136.585
202212 2,022.329 104.100 2,082.552
202303 2,089.074 104.400 2,145.103
202306 2,238.678 105.200 2,281.238
202309 2,360.023 106.200 2,382.245
202312 2,414.499 106.800 2,423.542
202403 2,539.742 107.200 2,539.742

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.


Toyota Motor  (TSE:7203) 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.


Toyota Motor Cyclically Adjusted PB Ratio Related Terms

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


Toyota Motor (TSE:7203) Business Description

Address
1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.

Toyota Motor (TSE:7203) Headlines

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