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AGP (TSE:9377) Cyclically Adjusted PB Ratio : 1.33 (As of Jun. 08, 2024)


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What is AGP Cyclically Adjusted PB Ratio?

As of today (2024-06-08), AGP's current share price is 円847.00. AGP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円637.23. AGP's Cyclically Adjusted PB Ratio for today is 1.33.

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

TSE:9377' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.24   Max: 2.19
Current: 1.33

During the past years, AGP's highest Cyclically Adjusted PB Ratio was 2.19. The lowest was 0.64. And the median was 1.24.

TSE:9377's Cyclically Adjusted PB Ratio is ranked worse than
52.22% of 722 companies
in the Transportation industry
Industry Median: 1.255 vs TSE:9377: 1.33

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.

AGP's adjusted book value per share data for the three months ended in Dec. 2023 was 円695.840. 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637.23 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AGP'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.

AGP Cyclically Adjusted PB Ratio Chart

AGP 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 1.47 0.69 1.02 0.95 1.32

AGP 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 1.22 1.32 1.45 1.47 1.29

Competitive Comparison of AGP's Cyclically Adjusted PB Ratio

For the Airports & Air Services subindustry, AGP'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.


AGP's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, AGP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AGP 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=847.00/637.23
=1.33

* 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.

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

For example, AGP'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)
=695.84/106.8000*106.8000
=695.840

Current CPI (Dec. 2023) = 106.8000.

AGP Quarterly Data

Book Value per Share CPI Adj_Book
201403 451.209 95.700 503.544
201406 443.051 98.000 482.835
201409 451.446 98.500 489.487
201412 460.541 97.900 502.408
201503 484.538 97.900 528.587
201506 478.796 98.400 519.669
201509 489.961 98.500 531.247
201512 499.217 98.100 543.490
201603 506.028 97.900 552.031
201606 504.850 98.100 549.623
201609 518.159 98.000 564.688
201612 526.020 98.400 570.924
201703 554.764 98.100 603.963
201706 550.911 98.500 597.333
201709 568.498 98.800 614.530
201712 582.544 99.400 625.912
201803 607.400 99.200 653.935
201806 603.841 99.200 650.103
201809 617.198 99.900 659.827
201812 623.828 99.700 668.253
201903 654.078 99.700 700.657
201906 651.408 99.800 697.098
201909 668.165 100.100 712.887
201912 680.756 100.500 723.430
202003 671.976 100.300 715.524
202006 658.803 99.900 704.306
202009 652.576 99.900 697.649
202012 651.738 99.300 700.963
202103 668.976 99.900 715.182
202106 664.616 99.500 713.377
202109 670.403 100.100 715.275
202112 664.651 100.100 709.138
202203 670.903 101.100 708.728
202206 656.591 101.800 688.840
202209 662.191 103.100 685.955
202212 662.194 104.100 679.369
202303 702.503 104.400 718.652
202306 685.111 105.200 695.531
202309 694.649 106.200 698.574
202312 695.840 106.800 695.840

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.


AGP  (TSE:9377) 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.


AGP Cyclically Adjusted PB Ratio Related Terms

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


AGP (TSE:9377) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 7 No. 1, Haneda Airport, Ota-ku, Airport Building No. 2 General Building, Tokyo, JPN, 144-0041
AGP Corp is engaged in supplying electric power and other services for aircraft. Its business activities are divided into six divisions. Power business division supplies power to aircraft as electricity, air conditioning and compressed air. Maintenance and facility business is responsible for maintaining electrical equipment, air-conditioning equipment, sanitation equipment, firefighting equipment, Lifting equipment, among others. Security business manages airport security equipments such as metal detectors, explosive detection equipment. Food system solution business develops, manufactures and sells a new hood cart that makes full use of know-how on in-flight meal cart. Factory vegetable production business. Jet support business offers hangar parking machine and aircraft cleaning.

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