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KDDI (TSE:9433) Cyclically Adjusted PB Ratio : 2.33 (As of Apr. 29, 2024)


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What is KDDI Cyclically Adjusted PB Ratio?

As of today (2024-04-29), KDDI's current share price is 円4380.00. KDDI's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,877.08. KDDI's Cyclically Adjusted PB Ratio for today is 2.33.

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

TSE:9433' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 2.53   Max: 4.01
Current: 2.33

During the past years, KDDI's highest Cyclically Adjusted PB Ratio was 4.01. The lowest was 1.98. And the median was 2.53.

TSE:9433's Cyclically Adjusted PB Ratio is ranked worse than
69.29% of 280 companies
in the Telecommunication Services industry
Industry Median: 1.435 vs TSE:9433: 2.33

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.

KDDI's adjusted book value per share data for the three months ended in Dec. 2023 was 円2,474.823. 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1,877.08 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


KDDI Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KDDI'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.

KDDI Cyclically Adjusted PB Ratio Chart

KDDI 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 1.98 2.46 2.40 2.57 2.35

KDDI 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 2.33 2.35 2.49 2.49 2.39

Competitive Comparison of KDDI's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, KDDI'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.


KDDI's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, KDDI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



KDDI 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4380.00/1877.08
=2.33

* 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.

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

For example, KDDI'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)
=2474.823/106.8000*106.8000
=2,474.823

Current CPI (Dec. 2023) = 106.8000.

KDDI Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,111.382 95.700 1,240.288
201406 1,104.715 98.000 1,203.914
201409 1,151.875 98.500 1,248.937
201412 1,177.095 97.900 1,284.104
201503 1,223.198 97.900 1,334.398
201506 1,252.388 98.400 1,359.299
201509 1,300.684 98.500 1,410.285
201512 1,318.106 98.100 1,435.002
201603 1,329.055 97.900 1,449.878
201606 1,381.374 98.100 1,503.881
201609 1,413.926 98.000 1,540.891
201612 1,439.711 98.400 1,562.613
201703 1,446.151 98.100 1,574.403
201706 1,465.795 98.500 1,589.309
201709 1,519.964 98.800 1,643.038
201712 1,544.783 99.400 1,659.787
201803 1,568.846 99.200 1,689.040
201806 1,674.374 99.200 1,802.653
201809 1,736.923 99.900 1,856.891
201812 1,736.946 99.700 1,860.640
201903 1,779.414 99.700 1,906.133
201906 1,785.744 99.800 1,910.997
201909 1,860.618 100.100 1,985.155
201912 1,875.936 100.500 1,993.532
202003 1,906.346 100.300 2,029.888
202006 1,971.902 99.900 2,108.099
202009 2,058.633 99.900 2,200.821
202012 2,024.851 99.300 2,177.785
202103 2,091.817 99.900 2,236.297
202106 2,109.704 99.500 2,264.486
202109 2,180.749 100.100 2,326.713
202112 2,199.329 100.100 2,346.537
202203 2,249.271 101.100 2,376.084
202206 2,259.772 101.800 2,370.763
202209 2,321.104 103.100 2,404.403
202212 2,306.186 104.100 2,366.001
202303 2,374.652 104.400 2,429.242
202306 2,408.219 105.200 2,444.846
202309 2,467.330 106.200 2,481.270
202312 2,474.823 106.800 2,474.823

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.


KDDI  (TSE:9433) 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.


KDDI Cyclically Adjusted PB Ratio Related Terms

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


KDDI (TSE:9433) Business Description

Traded in Other Exchanges
Address
Garden Air Tower, 10-10, Iidabashi 3-chome, Chiyoda-ku, Tokyo, JPN, 102-8460
KDDI is Japan's second-largest wireless operator (31% market share), the largest pay-TV operator (53% market share) and the second-largest provider of fibre-to-the-home broadband (12% market share). It has grown through acquisition and is focusing on increasing the number of customers who subscribe to more than one telecommunication service. It is also looking to grow its Life Design business which includes commerce, energy, and finance and had over 42 million Internet of Things connections by the end of September 2023.

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