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Johnson Outdoors (Johnson Outdoors) Cyclically Adjusted PB Ratio : 1.12 (As of Apr. 27, 2024)


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What is Johnson Outdoors Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Johnson Outdoors's current share price is $41.75. Johnson Outdoors's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $37.18. Johnson Outdoors's Cyclically Adjusted PB Ratio for today is 1.12.

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

JOUT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 2   Max: 5.9
Current: 1.12

During the past years, Johnson Outdoors's highest Cyclically Adjusted PB Ratio was 5.90. The lowest was 1.03. And the median was 2.00.

JOUT's Cyclically Adjusted PB Ratio is ranked better than
55.69% of 580 companies
in the Travel & Leisure industry
Industry Median: 1.365 vs JOUT: 1.12

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.

Johnson Outdoors's adjusted book value per share data for the three months ended in Dec. 2023 was $48.996. 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 $37.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Johnson Outdoors Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Johnson Outdoors'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.

Johnson Outdoors Cyclically Adjusted PB Ratio Chart

Johnson Outdoors Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.67 3.38 3.77 1.56 1.49

Johnson Outdoors 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 1.97 1.81 1.71 1.49 1.44

Competitive Comparison of Johnson Outdoors's Cyclically Adjusted PB Ratio

For the Leisure subindustry, Johnson Outdoors'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.


Johnson Outdoors's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Johnson Outdoors's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Johnson Outdoors 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.

Johnson Outdoors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.75/37.18
=1.12

* 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.

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

For example, Johnson Outdoors'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)
=48.996/129.4194*129.4194
=48.996

Current CPI (Dec. 2023) = 129.4194.

Johnson Outdoors Quarterly Data

Book Value per Share CPI Adj_Book
201403 20.209 99.695 26.235
201406 20.815 100.560 26.789
201409 19.882 100.428 25.622
201412 18.944 99.070 24.747
201503 18.795 99.621 24.417
201506 19.949 100.684 25.643
201509 19.831 100.392 25.565
201512 19.473 99.792 25.254
201603 20.675 100.470 26.632
201606 21.248 101.688 27.043
201609 20.770 101.861 26.389
201612 20.714 101.863 26.318
201703 22.144 102.862 27.861
201706 24.005 103.349 30.060
201709 24.310 104.136 30.212
201712 24.211 104.011 30.125
201803 26.131 105.290 32.120
201806 28.213 106.317 34.344
201809 27.922 106.507 33.929
201812 27.853 105.998 34.007
201903 29.920 107.251 36.105
201906 32.136 108.070 38.485
201909 32.400 108.329 38.708
201912 32.794 108.420 39.146
202003 34.426 108.902 40.912
202006 35.849 108.767 42.656
202009 37.492 109.815 44.185
202012 39.419 109.897 46.422
202103 41.879 111.754 48.499
202106 44.664 114.631 50.426
202109 45.275 115.734 50.629
202112 45.940 117.630 50.545
202203 46.674 121.301 49.798
202206 47.603 125.017 49.279
202209 47.882 125.227 49.485
202212 48.258 125.222 49.876
202303 49.479 127.348 50.284
202306 50.771 128.729 51.043
202309 48.751 129.860 48.586
202312 48.996 129.419 48.996

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.


Johnson Outdoors  (NAS:JOUT) 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.


Johnson Outdoors Cyclically Adjusted PB Ratio Related Terms

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


Johnson Outdoors (Johnson Outdoors) Business Description

Traded in Other Exchanges
N/A
Address
555 Main Street, Racine, WI, USA, 53403
Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products used for fishing from a boat, diving, paddling, hiking and camping. The company has four operating segment: Fishing, Camping, Watercraft Recreation, and Diving. It generates maximum revenue from the Fishing segment which produces and markets products under different brands such as Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers and shallow water anchors; Humminbird sonar and GPS equipment for fish finding, navigation and marine cartography; and Cannon downriggers for controlled-depth fishing. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, Canada, and other regions.
Executives
David W Johnson officer: VP and Chief Financial Officer C/O JOHNSON OUTDOORS INC., 555 MAIN STREET, RACINE WI 53403
Jeffrey M Stutz director 855 EAST MAIN, ZEELAND MI 49464
Fahey John M Jr director C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Liliann Annie Zipfel director 555 MAIN STREET, RACINE WI 53403
Paul Garvin Alexander director 2400 MASSACHUSETTS AVENUE, LEXINGTON MA 02421
Pyle Thomas F Jr director 3500 CORBEN COURT, MADISON WI 53704
Edward F Lang director C/O JOHNSON OUTDOORS INC., 555 MAIN STREET, RACINE WI 53403
Terry E London director 100 PIER 1 PLACE, FORT WORTH TX 76102
Richard Case Sheahan director C/O JOHNSON OUTDOORS INC., 555 MAIN STREET, RACINE WI 53403
William D Perez director
Edward A Stevens director 555 MAIN STREET, RACINE WI 53403
Katherine Button Bell director 10 PICARDY LANE, ST LOUIS MO 63124
Towerview Llc 10 percent owner 460 PARK AVENUE, NEW YORK NY 10022
Johnson Leipold Helen P director, 10 percent owner, officer: Chairman and CEO C/OJ/K MANAGEMENT SERVICES INC, 555 MAIN STREET, RACINE WI 53403-1015
Daniel R Tisch 10 percent owner 460 PARK AVENUE, NEW YORK NY 10022

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