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Milbon Co (TSE:4919) Cyclically Adjusted PB Ratio : 3.14 (As of May. 23, 2024)


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What is Milbon Co Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Milbon Co's current share price is 円3467.00. Milbon Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円1,102.66. Milbon Co's Cyclically Adjusted PB Ratio for today is 3.14.

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

TSE:4919' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.67   Med: 6.58   Max: 8.62
Current: 3.21

During the past years, Milbon Co's highest Cyclically Adjusted PB Ratio was 8.62. The lowest was 2.67. And the median was 6.58.

TSE:4919's Cyclically Adjusted PB Ratio is ranked worse than
78.67% of 1266 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs TSE:4919: 3.21

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.

Milbon Co's adjusted book value per share data for the three months ended in Mar. 2024 was 円1,401.819. 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1,102.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Milbon Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Milbon Co'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.

Milbon Co Cyclically Adjusted PB Ratio Chart

Milbon Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.95 8.00 6.42 5.77 3.41

Milbon Co 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 5.40 4.75 3.92 3.41 2.88

Competitive Comparison of Milbon Co's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Milbon Co'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.


Milbon Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Milbon Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Milbon Co 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.

Milbon Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3467.00/1102.66
=3.14

* 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.

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

For example, Milbon Co'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)
=1401.819/107.2000*107.2000
=1,401.819

Current CPI (Mar. 2024) = 107.2000.

Milbon Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 701.030 98.000 766.841
201409 705.180 98.500 767.465
201412 736.051 97.900 805.972
201503 746.319 97.900 817.215
201506 777.403 98.400 846.927
201509 782.320 98.500 851.418
201512 800.510 98.100 874.767
201603 794.263 97.900 869.714
201606 817.466 98.100 893.296
201609 818.279 98.000 895.097
201612 846.164 98.400 921.837
201703 851.705 98.100 930.711
201706 890.733 98.500 969.407
201709 907.612 98.800 984.777
201712 949.991 99.400 1,024.538
201803 958.095 99.200 1,035.361
201806 992.006 99.200 1,072.006
201809 1,003.576 99.900 1,076.910
201812 1,012.584 99.700 1,088.756
201903 1,015.542 99.700 1,091.937
201906 1,040.559 99.800 1,117.715
201909 1,056.530 100.100 1,131.469
201912 1,096.020 100.500 1,169.088
202003 1,015.293 100.300 1,085.139
202006 1,044.205 99.900 1,120.508
202009 1,051.769 99.900 1,128.625
202012 1,117.097 99.300 1,205.970
202103 1,130.244 99.900 1,212.834
202106 1,178.257 99.500 1,269.439
202109 1,177.567 100.100 1,261.091
202112 1,236.410 100.100 1,324.107
202203 1,253.419 101.100 1,329.046
202206 1,326.138 101.800 1,396.483
202209 1,333.656 103.100 1,386.692
202212 1,352.523 104.100 1,392.800
202303 1,338.567 104.400 1,374.467
202306 1,394.340 105.200 1,420.848
202309 1,363.641 106.200 1,376.481
202312 1,411.560 106.800 1,416.847
202403 1,401.819 107.200 1,401.819

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.


Milbon Co  (TSE:4919) 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.


Milbon Co Cyclically Adjusted PB Ratio Related Terms

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


Milbon Co (TSE:4919) Business Description

Traded in Other Exchanges
N/A
Address
Research Institute 2-3-35, Zengenji-cho, Miyakojima-ku, Osaka, JPN, 534-0015
Milbon Co Ltd is a Japan-based company that is principally engaged in producing and selling hair care products. Its products consist of hair-coloring products, hair-styling products, shampoos, conditioners, permanent-wave products, scalp lotion, hair treatments, tools for permanent waves, and other. Hair-care products and hair-coloring products jointly contribute the majority of the company's total revenue. The company operates through a global network, including Japan, Mainland China, Korea, Hong Kong, Taiwan, Thailand, Vietnam, Philippines, Malaysia, Indonesia, Turkey, and the United States.

Milbon Co (TSE:4919) Headlines

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