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KOSE (TSE:4922) Cyclically Adjusted PB Ratio : 2.66 (As of May. 26, 2024)


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What is KOSE Cyclically Adjusted PB Ratio?

As of today (2024-05-26), KOSE's current share price is 円9881.00. KOSE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円3,720.92. KOSE's Cyclically Adjusted PB Ratio for today is 2.66.

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

TSE:4922' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.05   Med: 5.47   Max: 11.49
Current: 2.66

During the past years, KOSE's highest Cyclically Adjusted PB Ratio was 11.49. The lowest was 2.05. And the median was 5.47.

TSE:4922's Cyclically Adjusted PB Ratio is ranked worse than
73.38% of 1281 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs TSE:4922: 2.66

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.

KOSE's adjusted book value per share data for the three months ended in Mar. 2024 was 円4,757.490. 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3,720.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KOSE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KOSE'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.

KOSE Cyclically Adjusted PB Ratio Chart

KOSE Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.39 5.08 5.57 4.35 2.90

KOSE 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 4.63 3.97 3.04 2.90 2.13

Competitive Comparison of KOSE's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, KOSE'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.


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

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

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



KOSE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9881.00/3720.92
=2.66

* 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.

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

For example, KOSE'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)
=4757.49/107.2000*107.2000
=4,757.490

Current CPI (Mar. 2024) = 107.2000.

KOSE Quarterly Data

Book Value per Share CPI Adj_Book
201406 2,175.383 98.000 2,379.603
201409 2,215.228 98.500 2,410.888
201412 2,321.720 97.900 2,542.272
201503 2,455.303 97.900 2,688.544
201506 2,505.544 98.400 2,729.617
201509 2,610.372 98.500 2,840.933
201512 2,680.299 98.100 2,928.930
201603 2,583.720 97.900 2,829.160
201606 2,586.121 98.100 2,826.016
201609 2,623.233 98.000 2,869.496
201612 2,720.578 98.400 2,963.882
201703 2,871.548 98.100 3,137.920
201706 2,953.361 98.500 3,214.216
201709 2,961.355 98.800 3,213.130
201712 3,084.119 99.400 3,326.132
201803 3,227.025 99.200 3,487.269
201806 3,303.649 99.200 3,570.072
201809 3,502.143 99.900 3,758.055
201812 3,606.237 99.700 3,877.519
201903 3,660.768 99.700 3,936.152
201906 3,717.286 99.800 3,992.916
201909 3,859.476 100.100 4,133.225
201912 3,889.277 100.500 4,148.562
202003 3,920.394 100.300 4,190.092
202006 3,745.282 99.900 4,018.961
202009 3,778.432 99.900 4,054.534
202012 3,830.480 99.300 4,135.221
202103 3,952.865 99.900 4,241.713
202106 3,994.040 99.500 4,303.127
202109 4,066.838 100.100 4,355.295
202112 0.000 100.100 0.000
202203 4,194.372 101.100 4,447.445
202206 4,399.506 101.800 4,632.879
202209 4,479.540 103.100 4,657.679
202212 4,539.379 104.100 4,674.557
202303 4,530.583 104.400 4,652.093
202306 4,678.995 105.200 4,767.949
202309 4,696.122 106.200 4,740.342
202312 4,664.680 106.800 4,682.151
202403 4,757.490 107.200 4,757.490

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.


KOSE  (TSE:4922) 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.


KOSE Cyclically Adjusted PB Ratio Related Terms

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


KOSE (TSE:4922) Business Description

Traded in Other Exchanges
Address
3-6-2, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8251
Kose is the third-largest cosmetics company in Japan and the second in the premium segment, and is renowned for its prestige skincare brands including Decorte and Albion. The firm has been managed by the Kobayashi family since it was established in 1946. Albion, a fully consolidated subsidiary in which Kose holds a 79.5% stake, is operated independently by another branch of the Kobayashi family. The group, with a collection 37 brands/lines spanning a wide range of price points, has captured 13.6% of Japan's premium beauty segment, according to Euromonitor. Japan remains the largest market contributing nearly 57% of sales, followed by Asia (28%) and North America (14%). Its distribution channels include department stores, specialty retailers, drugstores, travel retailers, and e-commerce.

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