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Fast Retailing Co (Fast Retailing Co) Cyclically Adjusted PB Ratio : 10.90 (As of Apr. 28, 2024)


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What is Fast Retailing Co Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Fast Retailing Co's current share price is $261.044. Fast Retailing Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $23.95. Fast Retailing Co's Cyclically Adjusted PB Ratio for today is 10.90.

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

FRCOF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.12   Med: 9.49   Max: 15.18
Current: 11.59

During the past years, Fast Retailing Co's highest Cyclically Adjusted PB Ratio was 15.18. The lowest was 6.12. And the median was 9.49.

FRCOF's Cyclically Adjusted PB Ratio is ranked worse than
94.98% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs FRCOF: 11.59

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.

Fast Retailing Co's adjusted book value per share data for the three months ended in Feb. 2024 was $43.755. 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 $23.95 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fast Retailing Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fast Retailing 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.

Fast Retailing Co Cyclically Adjusted PB Ratio Chart

Fast Retailing Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.02 9.32 9.69 9.45 10.04

Fast Retailing Co 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 8.68 10.17 10.04 10.82 12.11

Competitive Comparison of Fast Retailing Co's Cyclically Adjusted PB Ratio

For the Apparel Retail subindustry, Fast Retailing 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.


Fast Retailing Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fast Retailing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fast Retailing 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=261.044/23.95
=10.90

* 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.

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

For example, Fast Retailing Co'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)
=43.755/106.9000*106.9000
=43.755

Current CPI (Feb. 2024) = 106.9000.

Fast Retailing Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 19.646 98.100 21.408
201408 19.646 98.300 21.365
201411 21.441 97.900 23.412
201502 21.503 97.600 23.552
201505 22.212 98.700 24.057
201508 19.962 98.400 21.686
201511 20.778 98.100 22.642
201602 19.566 97.800 21.387
201605 20.092 98.200 21.872
201608 18.551 97.900 20.256
201611 21.417 98.600 23.220
201702 21.331 98.100 23.244
201705 21.309 98.600 23.103
201708 21.778 98.500 23.635
201711 23.359 99.100 25.198
201802 24.116 99.500 25.910
201805 24.982 99.300 26.894
201808 25.402 99.800 27.209
201811 27.005 100.000 28.868
201902 28.451 99.700 30.506
201905 28.634 100.000 30.610
201908 28.869 100.000 30.861
201911 29.659 100.500 31.548
202002 30.280 100.300 32.273
202005 29.504 100.100 31.508
202008 29.458 100.100 31.459
202011 31.178 99.500 33.497
202102 32.724 99.800 35.052
202105 33.322 99.400 35.836
202108 33.167 99.700 35.562
202111 34.870 100.100 37.239
202202 36.068 100.700 38.289
202205 36.483 101.800 38.311
202208 37.654 102.700 39.194
202211 35.845 103.900 36.880
202302 39.271 104.000 40.366
202305 40.328 105.100 41.019
202308 41.023 105.900 41.410
202311 41.002 106.900 41.002
202402 43.755 106.900 43.755

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.


Fast Retailing Co  (OTCPK:FRCOF) 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.


Fast Retailing Co Cyclically Adjusted PB Ratio Related Terms

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


Fast Retailing Co (Fast Retailing Co) Business Description

Traded in Other Exchanges
Address
10717-1 Sayama, Yamaguchi, Yamaguchi, JPN, 754-0894
Fast Retailing Co Ltd is Japan's apparel company, operating the casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. The business is founded on a private-label apparel model whereby Fast Retailing is in charge of product design, production, and sales. Fast Retailing is ranked the third-largest apparel company by sales globally, it runs 3,630 stores globally, including 813 and 1,439 Uniqlo stores in Japan and overseas, respectively. Other brands in its portfolio include GU and acquired brands including Theory, Comptoir des Cotonniers, Princesse Tam Tam (French lingerie), and J Brand (premium denim).

Fast Retailing Co (Fast Retailing Co) Headlines

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