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Marubun (TSE:7537) Cyclically Adjusted PB Ratio : 0.71 (As of May. 24, 2024)


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What is Marubun Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Marubun's current share price is 円1213.00. Marubun's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,716.35. Marubun's Cyclically Adjusted PB Ratio for today is 0.71.

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

TSE:7537' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.49   Max: 1.04
Current: 0.71

During the past years, Marubun's highest Cyclically Adjusted PB Ratio was 1.04. The lowest was 0.28. And the median was 0.49.

TSE:7537's Cyclically Adjusted PB Ratio is ranked better than
80.03% of 1868 companies
in the Hardware industry
Industry Median: 1.66 vs TSE:7537: 0.71

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.

Marubun's adjusted book value per share data for the three months ended in Dec. 2023 was 円1,915.805. 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1,716.35 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marubun Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Marubun'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.

Marubun Cyclically Adjusted PB Ratio Chart

Marubun Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.32 0.35 0.46 0.83

Marubun Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.58 0.83 0.78 0.68 0.94

Competitive Comparison of Marubun's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, Marubun'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.


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

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

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



Marubun 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1213.00/1716.35
=0.71

* 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.

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

For example, Marubun'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)
=1915.805/106.8000*106.8000
=1,915.805

Current CPI (Dec. 2023) = 106.8000.

Marubun Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,438.886 95.700 1,605.779
201406 1,426.374 98.000 1,554.457
201409 1,432.572 98.500 1,553.286
201412 1,470.757 97.900 1,604.462
201503 1,547.700 97.900 1,688.400
201506 1,757.409 98.400 1,907.432
201509 1,556.385 98.500 1,687.532
201512 1,551.526 98.100 1,689.123
201603 1,544.257 97.900 1,684.644
201606 1,475.234 98.100 1,606.065
201609 1,468.308 98.000 1,600.156
201612 1,485.526 98.400 1,612.339
201703 1,595.680 98.100 1,737.193
201706 1,586.344 98.500 1,720.016
201709 1,591.624 98.800 1,720.500
201712 1,619.057 99.400 1,739.590
201803 1,646.567 99.200 1,772.715
201806 1,607.732 99.200 1,730.905
201809 1,627.857 99.900 1,740.292
201812 1,647.447 99.700 1,764.768
201903 1,664.728 99.700 1,783.279
201906 1,638.595 99.800 1,753.527
201909 1,627.192 100.100 1,736.105
201912 1,621.683 100.500 1,723.341
202003 1,617.895 100.300 1,722.744
202006 1,582.502 99.900 1,691.804
202009 1,593.330 99.900 1,703.380
202012 1,510.912 99.300 1,625.029
202103 1,531.039 99.900 1,636.786
202106 1,572.477 99.500 1,687.845
202109 1,596.850 100.100 1,703.732
202112 1,601.059 100.100 1,708.223
202203 1,634.156 101.100 1,726.289
202206 1,619.081 101.800 1,698.604
202209 1,677.469 103.100 1,737.669
202212 1,801.134 104.100 1,847.849
202303 1,826.885 104.400 1,868.882
202306 1,771.136 105.200 1,798.073
202309 1,855.097 106.200 1,865.578
202312 1,915.805 106.800 1,915.805

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.


Marubun  (TSE:7537) 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.


Marubun Cyclically Adjusted PB Ratio Related Terms

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


Marubun (TSE:7537) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8-1, Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN, 103-8577
Marubun Corp is engaged in the purchase and sale of semiconductors, general electronic components, electronic appliances, and electronic products. The company provides total solutions in the semiconductor business including marketing, technical support, and delivery.

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