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ORIX (FRA:OIX) Cyclically Adjusted PB Ratio : 1.32 (As of May. 25, 2024)


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What is ORIX Cyclically Adjusted PB Ratio?

As of today (2024-05-25), ORIX's current share price is €19.40. ORIX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.68. ORIX's Cyclically Adjusted PB Ratio for today is 1.32.

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

FRA:OIX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.16   Max: 1.63
Current: 1.37

During the past years, ORIX's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.65. And the median was 1.16.

FRA:OIX's Cyclically Adjusted PB Ratio is ranked worse than
59.04% of 83 companies
in the Diversified Financial Services industry
Industry Median: 0.97 vs FRA:OIX: 1.37

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.

ORIX's adjusted book value per share data for the three months ended in Mar. 2024 was €21.019. 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 €14.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ORIX'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.

ORIX Cyclically Adjusted PB Ratio Chart

ORIX 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 0.75 1.01 1.23 0.99 1.36

ORIX 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 0.99 1.16 1.20 1.12 1.36

Competitive Comparison of ORIX's Cyclically Adjusted PB Ratio

For the Financial Conglomerates subindustry, ORIX'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.


ORIX's Cyclically Adjusted PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ORIX's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ORIX 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.40/14.68
=1.32

* 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.

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

For example, ORIX'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)
=21.019/107.2000*107.2000
=21.019

Current CPI (Mar. 2024) = 107.2000.

ORIX Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.696 98.000 11.700
201409 11.246 98.500 12.239
201412 10.940 97.900 11.979
201503 12.622 97.900 13.821
201506 12.010 98.400 13.084
201509 12.740 98.500 13.865
201512 13.105 98.100 14.321
201603 14.030 97.900 15.363
201606 15.011 98.100 16.403
201609 15.819 98.000 17.304
201612 15.238 98.400 16.601
201703 15.941 98.100 17.420
201706 15.842 98.500 17.241
201709 15.456 98.800 16.770
201712 15.577 99.400 16.799
201803 16.027 99.200 17.320
201806 16.456 99.200 17.783
201809 16.748 99.900 17.972
201812 17.220 99.700 18.515
201903 18.023 99.700 19.379
201906 18.445 99.800 19.813
201909 19.512 100.100 20.896
201912 19.472 100.500 20.770
202003 20.059 100.300 21.439
202006 19.418 99.900 20.837
202009 19.202 99.900 20.605
202012 19.032 99.300 20.546
202103 19.225 99.900 20.630
202106 18.920 99.500 20.384
202109 19.979 100.100 21.396
202112 20.474 100.100 21.926
202203 20.927 101.100 22.190
202206 19.561 101.800 20.599
202209 19.997 103.100 20.792
202212 19.464 104.100 20.044
202303 20.041 104.400 20.578
202306 20.400 105.200 20.788
202309 20.581 106.200 20.775
202312 20.618 106.800 20.695
202403 21.019 107.200 21.019

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.


ORIX  (FRA:OIX) 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.


ORIX Cyclically Adjusted PB Ratio Related Terms

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


ORIX (FRA:OIX) Business Description

Traded in Other Exchanges
Address
2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment.

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