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Daiwa House Industry Co (Daiwa House Industry Co) Cyclically Adjusted PB Ratio : 1.54 (As of Apr. 27, 2024)


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What is Daiwa House Industry Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Daiwa House Industry Co's current share price is $27.95. Daiwa House Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $18.18. Daiwa House Industry Co's Cyclically Adjusted PB Ratio for today is 1.54.

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

DWAHY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.91   Max: 3.11
Current: 1.64

During the past years, Daiwa House Industry Co's highest Cyclically Adjusted PB Ratio was 3.11. The lowest was 1.29. And the median was 1.91.

DWAHY's Cyclically Adjusted PB Ratio is ranked worse than
82.4% of 1284 companies
in the Real Estate industry
Industry Median: 0.66 vs DWAHY: 1.64

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.

Daiwa House Industry Co's adjusted book value per share data for the three months ended in Dec. 2023 was $25.941. 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 $18.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Daiwa House Industry Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Daiwa House Industry 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.

Daiwa House Industry Co Cyclically Adjusted PB Ratio Chart

Daiwa House Industry Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 1.54 1.71 1.53 1.32

Daiwa House Industry Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.32 1.32 1.56 1.60 1.66

Competitive Comparison of Daiwa House Industry Co's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Daiwa House Industry 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.


Daiwa House Industry Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Daiwa House Industry 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.

Daiwa House Industry Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.95/18.18
=1.54

* 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.

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

For example, Daiwa House Industry 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)
=25.941/106.8000*106.8000
=25.941

Current CPI (Dec. 2023) = 106.8000.

Daiwa House Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.626 95.700 16.322
201406 14.650 98.000 15.966
201409 14.626 98.500 15.858
201412 13.400 97.900 14.618
201503 13.940 97.900 15.207
201506 13.828 98.400 15.008
201509 14.779 98.500 16.024
201512 14.782 98.100 16.093
201603 15.611 97.900 17.030
201606 16.872 98.100 18.368
201609 17.890 98.000 19.496
201612 16.013 98.400 17.380
201703 17.463 98.100 19.012
201706 17.923 98.500 19.433
201709 18.931 98.800 20.464
201712 19.105 99.400 20.527
201803 20.918 99.200 22.521
201806 20.151 99.200 21.695
201809 20.704 99.900 22.134
201812 20.773 99.700 22.252
201903 21.634 99.700 23.175
201906 22.558 99.800 24.140
201909 23.743 100.100 25.332
201912 23.490 100.500 24.963
202003 24.157 100.300 25.723
202006 24.010 99.900 25.668
202009 25.384 99.900 27.137
202012 26.359 99.300 28.350
202103 25.807 99.900 27.589
202106 25.802 99.500 27.695
202109 26.740 100.100 28.530
202112 26.215 100.100 27.970
202203 25.984 101.100 27.449
202206 23.125 101.800 24.261
202209 22.824 103.100 23.643
202212 24.664 104.100 25.304
202303 25.937 104.400 26.533
202306 24.814 105.200 25.191
202309 24.890 106.200 25.031
202312 25.941 106.800 25.941

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.


Daiwa House Industry Co  (OTCPK:DWAHY) 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.


Daiwa House Industry Co Cyclically Adjusted PB Ratio Related Terms

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


Daiwa House Industry Co (Daiwa House Industry Co) Business Description

Traded in Other Exchanges
Address
3-3-5 Umeda, Kita-ku, Osaka, JPN, 530-8241
Daiwa House Industry Co Ltd is engaged in the business of housing, commercial facilities, and urban development. Daiwa's business segments include Single-Family Houses, Rental Housing, Existing Home Business, Health and Leisure, Business and Corporate Facilities, and Other Businesses. The Company conducts real estate development and construction work under contract in overseas markets, principally in Asia.

Daiwa House Industry Co (Daiwa House Industry Co) Headlines

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