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CALBEE (CALBEE) Cyclically Adjusted PB Ratio : 2.55 (As of Jun. 10, 2024)


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What is CALBEE Cyclically Adjusted PB Ratio?

As of today (2024-06-10), CALBEE's current share price is $5.18. CALBEE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.03. CALBEE's Cyclically Adjusted PB Ratio for today is 2.55.

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

CLBEY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.32   Med: 2.76   Max: 3.95
Current: 2.63

During the past years, CALBEE's highest Cyclically Adjusted PB Ratio was 3.95. The lowest was 2.32. And the median was 2.76.

CLBEY's Cyclically Adjusted PB Ratio is ranked worse than
72.97% of 1365 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs CLBEY: 2.63

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.

CALBEE's adjusted book value per share data for the three months ended in Mar. 2024 was $2.562. 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 $2.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CALBEE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CALBEE'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.

CALBEE Cyclically Adjusted PB Ratio Chart

CALBEE Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.08 2.35 2.51 2.84

CALBEE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.51 2.41 2.46 2.40 2.84

Competitive Comparison of CALBEE's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, CALBEE'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.


CALBEE's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CALBEE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CALBEE 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.

CALBEE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.18/2.03
=2.55

* 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.

CALBEE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CALBEE'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)
=2.562/107.2000*107.2000
=2.562

Current CPI (Mar. 2024) = 107.2000.

CALBEE Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.787 98.000 1.955
201409 1.768 98.500 1.924
201412 1.686 97.900 1.846
201503 1.707 97.900 1.869
201506 1.662 98.400 1.811
201509 1.765 98.500 1.921
201512 1.831 98.100 2.001
201603 2.004 97.900 2.194
201606 2.113 98.100 2.309
201609 2.265 98.000 2.478
201612 2.115 98.400 2.304
201703 2.123 98.100 2.320
201706 2.107 98.500 2.293
201709 2.182 98.800 2.368
201712 2.248 99.400 2.424
201803 2.460 99.200 2.658
201806 2.353 99.200 2.543
201809 2.407 99.900 2.583
201812 2.484 99.700 2.671
201903 2.591 99.700 2.786
201906 2.613 99.800 2.807
201909 2.700 100.100 2.892
201912 2.777 100.500 2.962
202003 2.836 100.300 3.031
202006 2.798 99.900 3.002
202009 2.919 99.900 3.132
202012 3.070 99.300 3.314
202103 3.018 99.900 3.239
202106 2.913 99.500 3.138
202109 2.985 100.100 3.197
202112 2.930 100.100 3.138
202203 2.864 101.100 3.037
202206 2.542 101.800 2.677
202209 2.442 103.100 2.539
202212 2.589 104.100 2.666
202303 2.607 104.400 2.677
202306 2.504 105.200 2.552
202309 2.466 106.200 2.489
202312 2.595 106.800 2.605
202403 2.562 107.200 2.562

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.


CALBEE  (OTCPK:CLBEY) 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.


CALBEE Cyclically Adjusted PB Ratio Related Terms

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


CALBEE (CALBEE) Business Description

Traded in Other Exchanges
Address
1-8-3 Marunouchi, Chiyoda-ku, 22nd Floor, Marunouchi Trust Tower Main, Tokyo, JPN, 100-0005
Calbee, listed in 2011, is a leader in Japan's snack food industry with nearly 54% of the domestic market. Potato snacks, including chips and the company's original Jagarico and Jagabee potato strips, are a core strength, demonstrated by a dominant 71% share in potato chips. Growth in the Frugra brand, the best-selling cereal product with a 38% share in the domestic cereal market, is the latest growth driver in China. The overseas business, constituting 16% of group sales, has been undergoing restructuring since the partnership with Tingyi and PepsiCo unwound. Apart from China and the U.S., Indonesia and the U.K. are emerging as new growth drivers. Easing competition should end losses in Indonesia while the integration of Calbee U.K. and Seabrook will enhance cost efficiencies.

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