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Murakami (TSE:7292) Cyclically Adjusted PB Ratio : 0.93 (As of Jun. 01, 2024)


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What is Murakami Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Murakami's current share price is 円4560.00. Murakami's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円4,910.18. Murakami's Cyclically Adjusted PB Ratio for today is 0.93.

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

TSE:7292' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.73   Max: 1.13
Current: 0.96

During the past years, Murakami's highest Cyclically Adjusted PB Ratio was 1.13. The lowest was 0.52. And the median was 0.73.

TSE:7292's Cyclically Adjusted PB Ratio is ranked better than
61.22% of 980 companies
in the Vehicles & Parts industry
Industry Median: 1.325 vs TSE:7292: 0.96

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.

Murakami's adjusted book value per share data for the three months ended in Dec. 2023 was 円6,996.487. 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4,910.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Murakami Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Murakami'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.

Murakami Cyclically Adjusted PB Ratio Chart

Murakami 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 0.61 0.87 0.60 0.63 -

Murakami 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 0.63 0.64 0.70 0.84 -

Competitive Comparison of Murakami's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, Murakami'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.


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

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

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



Murakami 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4560.00/4910.18
=0.93

* 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.

Murakami's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Murakami's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6996.487/106.8000*106.8000
=6,996.487

Current CPI (Dec. 2023) = 106.8000.

Murakami Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,957.373 95.700 3,300.391
201406 2,969.126 98.000 3,235.741
201409 3,049.772 98.500 3,306.758
201412 3,215.780 97.900 3,508.124
201503 3,471.397 97.900 3,786.979
201506 3,541.164 98.400 3,843.458
201509 3,601.340 98.500 3,904.803
201512 3,605.903 98.100 3,925.693
201603 3,607.733 97.900 3,935.709
201606 3,585.685 98.100 3,903.682
201609 3,565.339 98.000 3,885.492
201612 3,634.809 98.400 3,945.098
201703 3,916.665 98.100 4,264.014
201706 3,999.254 98.500 4,336.247
201709 4,105.074 98.800 4,437.469
201712 4,251.684 99.400 4,568.208
201803 4,324.717 99.200 4,656.046
201806 4,350.201 99.200 4,683.483
201809 4,437.452 99.900 4,743.943
201812 4,530.064 99.700 4,852.666
201903 4,573.872 99.700 4,899.594
201906 4,674.727 99.800 5,002.614
201909 4,733.376 100.100 5,050.195
201912 4,796.724 100.500 5,097.414
202003 4,900.201 100.300 5,217.761
202006 4,752.050 99.900 5,080.270
202009 4,812.735 99.900 5,145.146
202012 4,951.572 99.300 5,325.558
202103 5,147.543 99.900 5,503.079
202106 5,331.596 99.500 5,722.758
202109 5,446.848 100.100 5,811.422
202112 5,476.067 100.100 5,842.597
202203 5,625.232 101.100 5,942.382
202206 5,879.086 101.800 6,167.843
202209 6,165.349 103.100 6,386.608
202212 6,251.964 104.100 6,414.119
202303 6,260.189 104.400 6,404.101
202306 6,420.093 105.200 6,517.737
202309 6,816.962 106.200 6,855.476
202312 6,996.487 106.800 6,996.487

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.


Murakami  (TSE:7292) 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.


Murakami Cyclically Adjusted PB Ratio Related Terms

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


Murakami (TSE:7292) Business Description

Traded in Other Exchanges
N/A
Address
11-5 Tenma-cho, Aoi-ku, Shizuoka-city, Shizuoka, JPN, 420-8550
Murakami Corp manufactures and sells rear-view mirrors for automobiles and optical thin-film materials. The company offers rear-view mirror products, including hydrophilic clear mirrors, electro-chromic mirrors, aspheric mirrors, powerfold units, actuators, blind spot indicator mirrors, auto powerfold mirrors, exterior rear view mirrors with turn lamps and side cameras, projection lamps, and actuator units for electric vehicle inlet. It also provides opt-electronics solutions covering video equipment, such as dichronic mirrors and filters, UV cut and IR cut filters, bandpass filters, trimming filters, half mirrors for use in projectors, digital cameras. In addition, it offers various components, including projection mirror actuator units, navigation stands, and active spoiler controllers.

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