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DIP (TSE:2379) Cyclically Adjusted PB Ratio : 6.00 (As of Jun. 08, 2024)


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What is DIP Cyclically Adjusted PB Ratio?

As of today (2024-06-08), DIP's current share price is 円2689.00. DIP's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was 円448.41. DIP's Cyclically Adjusted PB Ratio for today is 6.00.

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

TSE:2379' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.72   Med: 11.64   Max: 28.59
Current: 5.81

During the past years, DIP's highest Cyclically Adjusted PB Ratio was 28.59. The lowest was 5.72. And the median was 11.64.

TSE:2379's Cyclically Adjusted PB Ratio is ranked worse than
86.8% of 682 companies
in the Business Services industry
Industry Median: 1.59 vs TSE:2379: 5.81

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.

DIP's adjusted book value per share data for the three months ended in Feb. 2024 was 円723.514. 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448.41 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


DIP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for DIP'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.

DIP Cyclically Adjusted PB Ratio Chart

DIP Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.00 11.49 11.05 9.37 5.84

DIP Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 9.37 8.54 8.47 7.33 5.84

Competitive Comparison of DIP's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, DIP'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.


DIP's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



DIP 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2689.00/448.41
=6.00

* 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.

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

For example, DIP's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=723.514/106.9000*106.9000
=723.514

Current CPI (Feb. 2024) = 106.9000.

DIP Quarterly Data

Book Value per Share CPI Adj_Book
201405 81.842 98.100 89.184
201408 90.548 98.300 98.470
201411 100.472 97.900 109.708
201502 119.995 97.600 131.429
201505 127.981 98.700 138.614
201508 143.147 98.400 155.512
201511 158.423 98.100 172.634
201602 187.569 97.800 205.022
201605 197.396 98.200 214.884
201608 226.295 97.900 247.098
201611 240.528 98.600 260.775
201702 273.266 98.100 297.779
201705 286.612 98.600 310.739
201708 318.169 98.500 345.302
201711 338.618 99.100 365.270
201802 374.821 99.500 402.697
201805 366.515 99.300 394.567
201808 389.096 99.800 416.777
201811 408.282 100.000 436.453
201902 469.089 99.700 502.965
201905 453.563 100.000 484.859
201908 493.110 100.000 527.135
201911 516.176 100.500 549.047
202002 580.561 100.300 618.763
202005 554.782 100.100 592.469
202008 628.189 100.100 670.863
202011 583.683 99.500 627.093
202102 563.254 99.800 603.325
202105 557.184 99.400 599.225
202108 595.154 99.700 638.134
202111 580.445 100.100 619.876
202202 591.253 100.700 627.656
202205 602.659 101.800 632.851
202208 643.691 102.700 670.015
202211 655.176 103.900 674.093
202302 684.699 104.000 703.792
202305 669.165 105.100 680.625
202308 695.017 105.900 701.580
202311 695.544 106.900 695.544
202402 723.514 106.900 723.514

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.


DIP  (TSE:2379) 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.


DIP Cyclically Adjusted PB Ratio Related Terms

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


DIP (TSE:2379) Business Description

Industry
Traded in Other Exchanges
N/A
Address
32nd Floor, Izumi Garden Tower, 1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6032
Dip is a Japan-based technology company that mainly provides job information and employment agency services online. The company has five business divisions. The Baitoru Com segment offers job information to contractors and recruiting companies. The Job Engine segment provides job offering and career change information to recruiting companies. The Hatarako Net provides staff service job information to staffing companies. The Other division specializes in services for restaurant customers, while the Agent segment provides employment services for healthcare facilities.

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