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Mitsui Fudosan Co (TSE:8801) Cyclically Adjusted PB Ratio : 1.81 (As of Jun. 06, 2024)


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What is Mitsui Fudosan Co Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Mitsui Fudosan Co's current share price is 円1520.50. Mitsui Fudosan Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円840.05. Mitsui Fudosan Co's Cyclically Adjusted PB Ratio for today is 1.81.

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

TSE:8801' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.56   Max: 3.22
Current: 1.71

During the past years, Mitsui Fudosan Co's highest Cyclically Adjusted PB Ratio was 3.22. The lowest was 0.90. And the median was 1.56.

TSE:8801's Cyclically Adjusted PB Ratio is ranked worse than
80.9% of 1382 companies
in the Real Estate industry
Industry Median: 0.705 vs TSE:8801: 1.71

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.

Mitsui Fudosan Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円1,094.344. 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840.05 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsui Fudosan Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mitsui Fudosan 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.

Mitsui Fudosan Co Cyclically Adjusted PB Ratio Chart

Mitsui Fudosan Co 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 1.04 1.30 1.24 1.06 -

Mitsui Fudosan 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 1.06 1.19 1.34 1.37 -

Competitive Comparison of Mitsui Fudosan Co's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Mitsui Fudosan 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.


Mitsui Fudosan Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitsui Fudosan Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mitsui Fudosan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1520.50/840.05
=1.81

* 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.

Mitsui Fudosan Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mitsui Fudosan Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1094.344/106.8000*106.8000
=1,094.344

Current CPI (Dec. 2023) = 106.8000.

Mitsui Fudosan Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 484.037 95.700 540.179
201406 544.311 98.000 593.188
201409 564.664 98.500 612.245
201412 587.257 97.900 640.644
201503 631.756 97.900 689.188
201506 632.905 98.400 686.933
201509 630.289 98.500 683.400
201512 638.921 98.100 695.584
201603 648.817 97.900 707.800
201606 638.739 98.100 695.386
201609 641.429 98.000 699.027
201612 654.382 98.400 710.244
201703 669.861 98.100 729.268
201706 682.685 98.500 740.211
201709 695.197 98.800 751.488
201712 716.876 99.400 770.245
201803 744.084 99.200 801.090
201806 755.448 99.200 813.325
201809 763.080 99.900 815.785
201812 762.613 99.700 816.921
201903 795.394 99.700 852.037
201906 804.500 99.800 860.928
201909 832.169 100.100 887.869
201912 831.656 100.500 883.790
202003 827.283 100.300 880.896
202006 835.013 99.900 892.687
202009 825.241 99.900 882.240
202012 864.594 99.300 929.896
202103 885.966 99.900 947.159
202106 888.832 99.500 954.043
202109 914.672 100.100 975.894
202112 928.411 100.100 990.552
202203 981.172 101.100 1,036.490
202206 969.429 101.800 1,017.043
202209 998.524 103.100 1,034.359
202212 1,010.721 104.100 1,036.936
202303 1,036.246 104.400 1,060.068
202306 1,085.029 105.200 1,101.531
202309 1,085.098 106.200 1,091.228
202312 1,094.344 106.800 1,094.344

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.


Mitsui Fudosan Co  (TSE:8801) 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.


Mitsui Fudosan Co Cyclically Adjusted PB Ratio Related Terms

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Mitsui Fudosan Co (TSE:8801) Business Description

Traded in Other Exchanges
Address
1-1, Nihonbashi-Muromachi 2-chome, Chuo-ku, Tokyo, JPN, 103-0022
Mitsui Fudosan is one of the three big Japanese real estate companies, together with Mitsubishi Estate and Sumitomo Realty. Although its traditional office district is Nihonbashi, it has developed large office projects across Tokyo, as well as London and New York City. Mitsui Fudosan derives a higher portion of its revenue and profits from retail leasing than Mitsubishi Estate and Sumitomo Realty with an extensive portfolio of urban retail buildings, shopping malls, and outlet parks. It is in the process of expanding the latter two formats across Asia. Like Sumitomo Realty, it is active in condo development and residential real estate brokerage, and its Mitsui Home unit is a second-tier builder of detached houses.

Mitsui Fudosan Co (TSE:8801) Headlines

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