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ITOCHU (FRA:IOC0) Cyclically Adjusted PB Ratio : 3.11 (As of Jun. 09, 2024)


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What is ITOCHU Cyclically Adjusted PB Ratio?

As of today (2024-06-09), ITOCHU's current share price is €85.50. ITOCHU's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €27.47. ITOCHU's Cyclically Adjusted PB Ratio for today is 3.11.

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

FRA:IOC0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.76   Max: 3.25
Current: 3.23

During the past years, ITOCHU's highest Cyclically Adjusted PB Ratio was 3.25. The lowest was 1.01. And the median was 1.76.

FRA:IOC0's Cyclically Adjusted PB Ratio is ranked worse than
84.7% of 451 companies
in the Conglomerates industry
Industry Median: 0.97 vs FRA:IOC0: 3.23

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.

ITOCHU's adjusted book value per share data for the three months ended in Mar. 2024 was €46.323. 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 €27.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITOCHU Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ITOCHU'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.

ITOCHU Cyclically Adjusted PB Ratio Chart

ITOCHU 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 1.61 2.35 2.40 2.15 2.84

ITOCHU 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 2.15 2.74 2.52 2.61 2.84

Competitive Comparison of ITOCHU's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, ITOCHU'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.


ITOCHU's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



ITOCHU 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=85.50/27.47
=3.11

* 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.

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

For example, ITOCHU'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)
=46.323/107.2000*107.2000
=46.323

Current CPI (Mar. 2024) = 107.2000.

ITOCHU Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.004 98.000 20.788
201409 20.167 98.500 21.948
201412 19.600 97.900 21.462
201503 23.631 97.900 25.876
201506 23.138 98.400 25.207
201509 23.530 98.500 25.608
201512 24.020 98.100 26.248
201603 22.084 97.900 24.182
201606 22.308 98.100 24.377
201609 23.929 98.000 26.175
201612 24.529 98.400 26.723
201703 25.380 98.100 27.734
201706 25.006 98.500 27.215
201709 25.161 98.800 27.300
201712 26.170 99.400 28.224
201803 26.339 99.200 28.463
201806 27.309 99.200 29.511
201809 28.429 99.900 30.506
201812 29.243 99.700 31.443
201903 30.743 99.700 33.056
201906 31.437 99.800 33.768
201909 33.537 100.100 35.916
201912 33.958 100.500 36.222
202003 33.796 100.300 36.121
202006 34.196 99.900 36.695
202009 34.272 99.900 36.776
202012 32.557 99.300 35.147
202103 34.459 99.900 36.977
202106 35.848 99.500 38.622
202109 39.037 100.100 41.806
202112 41.153 100.100 44.072
202203 43.762 101.100 46.402
202206 43.589 101.800 45.901
202209 46.690 103.100 48.547
202212 45.197 104.100 46.543
202303 46.283 104.400 47.524
202306 45.855 105.200 46.727
202309 45.485 106.200 45.913
202312 45.055 106.800 45.224
202403 46.323 107.200 46.323

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.


ITOCHU  (FRA:IOC0) 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.


ITOCHU Cyclically Adjusted PB Ratio Related Terms

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


ITOCHU (FRA:IOC0) Business Description

Industry
Comparable Companies
Address
5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077
ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food and Energy and Chemicals. Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.

ITOCHU (FRA:IOC0) Headlines

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