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Tokio Marine Holdings (Tokio Marine Holdings) Cyclically Adjusted PB Ratio : 2.48 (As of Apr. 27, 2024)


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What is Tokio Marine Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Tokio Marine Holdings's current share price is $31.57. Tokio Marine Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $12.72. Tokio Marine Holdings's Cyclically Adjusted PB Ratio for today is 2.48.

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

TKOMY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.44   Max: 2.72
Current: 2.72

During the past years, Tokio Marine Holdings's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 0.98. And the median was 1.44.

TKOMY's Cyclically Adjusted PB Ratio is ranked worse than
83.29% of 413 companies
in the Insurance industry
Industry Median: 1.15 vs TKOMY: 2.72

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.

Tokio Marine Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was $15.574. 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 $12.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokio Marine Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tokio Marine Holdings'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.

Tokio Marine Holdings Cyclically Adjusted PB Ratio Chart

Tokio Marine Holdings 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 1.41 1.22 1.23 1.53 1.50

Tokio Marine Holdings 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 1.69 1.50 1.92 1.96 1.96

Competitive Comparison of Tokio Marine Holdings's Cyclically Adjusted PB Ratio

For the Insurance - Property & Casualty subindustry, Tokio Marine Holdings'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.


Tokio Marine Holdings's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tokio Marine Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tokio Marine Holdings 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.

Tokio Marine Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.57/12.72
=2.48

* 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.

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

For example, Tokio Marine Holdings'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)
=15.574/106.8000*106.8000
=15.574

Current CPI (Dec. 2023) = 106.8000.

Tokio Marine Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.525 95.700 12.862
201406 12.154 98.000 13.245
201409 12.198 98.500 13.226
201412 11.961 97.900 13.048
201503 13.138 97.900 14.332
201506 12.995 98.400 14.104
201509 12.383 98.500 13.426
201512 12.752 98.100 13.883
201603 13.639 97.900 14.879
201606 14.262 98.100 15.527
201609 14.406 98.000 15.700
201612 12.860 98.400 13.958
201703 13.949 98.100 15.186
201706 14.331 98.500 15.539
201709 14.793 98.800 15.991
201712 15.505 99.400 16.659
201803 16.499 99.200 17.763
201806 15.391 99.200 16.570
201809 15.241 99.900 16.294
201812 14.417 99.700 15.444
201903 15.182 99.700 16.263
201906 15.991 99.800 17.113
201909 16.114 100.100 17.193
201912 16.375 100.500 17.401
202003 14.971 100.300 15.941
202006 14.819 99.900 15.843
202009 15.617 99.900 16.696
202012 16.346 99.300 17.581
202103 16.218 99.900 17.338
202106 17.049 99.500 18.300
202109 18.019 100.100 19.225
202112 17.225 100.100 18.378
202203 16.676 101.100 17.616
202206 14.057 101.800 14.747
202209 12.815 103.100 13.275
202212 13.788 104.100 14.146
202303 13.644 104.400 13.958
202306 14.177 105.200 14.393
202309 14.726 106.200 14.809
202312 15.574 106.800 15.574

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.


Tokio Marine Holdings  (OTCPK:TKOMY) 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.


Tokio Marine Holdings Cyclically Adjusted PB Ratio Related Terms

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


Tokio Marine Holdings (Tokio Marine Holdings) Business Description

Traded in Other Exchanges
Address
Tokio Marine Nichido Building Shinkan, 2-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Dating back to 1879, Tokio Marine is Japan's oldest insurance company and was its top property and casualty insurer in terms of market share for many decades. After mergers of its smaller rivals in the past few years, the company is now roughly the same size in the domestic nonlife market as MS&AD and Sompo Holdings, but it remains the most valuable listed Japanese insurer in terms of market capitalization due to its larger overseas business portfolio. The majority of its overseas business is in the U.S., where it has purchased four specialty insurers since 2008: Philadelphia Consolidated, Delphi Financial, HCC, and PURE. It is a member of the Mitsubishi keiretsu group and holds minority stakes in a number of group companies that also rank among its shareholders.

Tokio Marine Holdings (Tokio Marine Holdings) Headlines

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