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LIXIL (FRA:TJS) Cyclically Adjusted PB Ratio : 0.77 (As of Jun. 09, 2024)


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What is LIXIL Cyclically Adjusted PB Ratio?

As of today (2024-06-09), LIXIL's current share price is €9.80. LIXIL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.74. LIXIL's Cyclically Adjusted PB Ratio for today is 0.77.

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

FRA:TJS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.03   Max: 1.7
Current: 0.79

During the past years, LIXIL's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.54. And the median was 1.03.

FRA:TJS's Cyclically Adjusted PB Ratio is ranked better than
63.48% of 1257 companies
in the Construction industry
Industry Median: 1.12 vs FRA:TJS: 0.79

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.

LIXIL's adjusted book value per share data for the three months ended in Mar. 2024 was €13.740. 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 €12.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LIXIL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LIXIL'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.

LIXIL Cyclically Adjusted PB Ratio Chart

LIXIL 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 0.67 1.56 1.15 1.05 0.88

LIXIL 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 1.05 0.87 0.82 0.83 0.88

Competitive Comparison of LIXIL's Cyclically Adjusted PB Ratio

For the Building Products & Equipment subindustry, LIXIL'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.


LIXIL's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



LIXIL 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.80/12.74
=0.77

* 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.

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

For example, LIXIL'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)
=13.74/107.2000*107.2000
=13.740

Current CPI (Mar. 2024) = 107.2000.

LIXIL Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.152 98.000 16.574
201409 15.228 98.500 16.573
201412 14.796 97.900 16.202
201503 15.646 97.900 17.132
201506 13.949 98.400 15.196
201509 14.751 98.500 16.054
201512 15.042 98.100 16.437
201603 14.542 97.900 15.923
201606 14.313 98.100 15.641
201609 15.175 98.000 16.600
201612 15.763 98.400 17.173
201703 15.751 98.100 17.212
201706 16.120 98.500 17.544
201709 15.484 98.800 16.800
201712 16.098 99.400 17.361
201803 16.280 99.200 17.593
201806 16.222 99.200 17.530
201809 15.949 99.900 17.114
201812 15.864 99.700 17.057
201903 14.648 99.700 15.750
201906 14.811 99.800 15.909
201909 15.532 100.100 16.634
201912 15.467 100.500 16.498
202003 14.550 100.300 15.551
202006 14.116 99.900 15.147
202009 14.096 99.900 15.126
202012 14.604 99.300 15.766
202103 14.705 99.900 15.780
202106 14.492 99.500 15.613
202109 15.037 100.100 16.104
202112 15.382 100.100 16.473
202203 16.129 101.100 17.102
202206 15.511 101.800 16.334
202209 15.627 103.100 16.248
202212 14.898 104.100 15.342
202303 15.224 104.400 15.632
202306 14.726 105.200 15.006
202309 14.497 106.200 14.634
202312 14.116 106.800 14.169
202403 13.740 107.200 13.740

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.


LIXIL  (FRA:TJS) 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.


LIXIL Cyclically Adjusted PB Ratio Related Terms

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


LIXIL (FRA:TJS) Business Description

Industry
Traded in Other Exchanges
Address
Osaki Garden Tower, 1-1 Nishi-Shinagawa 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0033
LIXIL Corp manufactures and sells building and housing materials globally through two primary segments based on location. The company's product portfolio includes building materials, doors, shutters, plumbing fixtures, equipment, curtain walls, faucets, and bathtubs. The domestic business segment, which generates the majority of revenue, sells its products throughout Japan through retail and distribution centers. The segment also sells and manages real estate. The overseas business segment sells products throughout Asia and North America. Bathroom products in North America are sold under the American Standard brand.

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