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Big Rock Brewery (TSX:BR) Cyclically Adjusted Book per Share : C$5.82 (As of Mar. 2024)


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What is Big Rock Brewery Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Big Rock Brewery's adjusted book value per share for the three months ended in Mar. 2024 was C$2.789. 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 C$5.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Big Rock Brewery's average Cyclically Adjusted Book Growth Rate was -2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Big Rock Brewery was 13.90% per year. The lowest was 0.60% per year. And the median was 1.75% per year.

As of today (2024-05-28), Big Rock Brewery's current stock price is C$1.23. Big Rock Brewery's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$5.82. Big Rock Brewery's Cyclically Adjusted PB Ratio of today is 0.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Big Rock Brewery was 3.63. The lowest was 0.20. And the median was 1.01.


Big Rock Brewery Cyclically Adjusted Book per Share Historical Data

The historical data trend for Big Rock Brewery's Cyclically Adjusted Book per Share 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.

Big Rock Brewery Cyclically Adjusted Book per Share Chart

Big Rock Brewery Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.72 5.71 5.83 5.95 5.85

Big Rock Brewery Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 5.96 5.96 5.93 5.85 5.82

Competitive Comparison of Big Rock Brewery's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Big Rock Brewery'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.


Big Rock Brewery's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Big Rock Brewery's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Big Rock Brewery's Cyclically Adjusted PB Ratio falls into.



Big Rock Brewery Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Big Rock Brewery's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.789/126.2576*126.2576
=2.789

Current CPI (Mar. 2024) = 126.2576.

Big Rock Brewery Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.882 99.473 7.466
201409 5.806 99.394 7.375
201412 5.591 98.367 7.176
201503 5.500 99.789 6.959
201506 5.445 100.500 6.840
201509 5.467 100.421 6.874
201512 5.460 99.947 6.897
201603 5.357 101.054 6.693
201606 5.413 102.002 6.700
201609 5.462 101.765 6.777
201612 5.420 101.449 6.745
201703 5.300 102.634 6.520
201706 5.322 103.029 6.522
201709 5.302 103.345 6.478
201712 5.442 103.345 6.649
201803 5.236 105.004 6.296
201806 5.276 105.557 6.311
201809 5.371 105.636 6.419
201812 5.527 105.399 6.621
201903 5.289 106.979 6.242
201906 5.336 107.690 6.256
201909 5.314 107.611 6.235
201912 5.139 107.769 6.021
202003 4.931 107.927 5.768
202006 5.027 108.401 5.855
202009 5.197 108.164 6.066
202012 4.997 108.559 5.812
202103 4.950 110.298 5.666
202106 5.060 111.720 5.718
202109 5.102 112.905 5.705
202112 4.564 113.774 5.065
202203 4.372 117.646 4.692
202206 4.287 120.806 4.480
202209 4.146 120.648 4.339
202212 3.612 120.964 3.770
202303 3.554 122.702 3.657
202306 3.550 124.203 3.609
202309 3.525 125.230 3.554
202312 3.230 125.072 3.261
202403 2.789 126.258 2.789

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Big Rock Brewery  (TSX:BR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Big Rock Brewery's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.23/5.82
=0.21

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Big Rock Brewery was 3.63. The lowest was 0.20. And the median was 1.01.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Big Rock Brewery Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Big Rock Brewery's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Big Rock Brewery (TSX:BR) Business Description

Traded in Other Exchanges
Address
5555 - 76th Avenue SE, Calgary, AB, CAN, T2C 4L8
Big Rock Brewery Inc is a producer of premium, all-natural craft beers, and cider. It operates in two segments: the wholesale segment which manufactures and distributes beer and cider to and through, provincial liquor boards which are subsequently sold on to end consumers; and the retail segment, which sells beverages, food, and merchandise to end consumers on premises owned and/or operated by the company. Its operating segment includes Wholesale and Retail. The product line of the company consists of signature series beer, barrel aged beer, pull tab series beer, seasonal beer, and cider beer among others.
Executives
Patrick Donnell Noone Director