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Coca-Cola Consolidated (Coca-Cola Consolidated) Cyclically Adjusted PB Ratio : 13.42 (As of May. 01, 2024)


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What is Coca-Cola Consolidated Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Coca-Cola Consolidated's current share price is $824.47. Coca-Cola Consolidated's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $61.43. Coca-Cola Consolidated's Cyclically Adjusted PB Ratio for today is 13.42.

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

COKE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.72   Med: 10.07   Max: 17.31
Current: 13.45

During the past years, Coca-Cola Consolidated's highest Cyclically Adjusted PB Ratio was 17.31. The lowest was 4.72. And the median was 10.07.

COKE's Cyclically Adjusted PB Ratio is ranked worse than
93.51% of 77 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.28 vs COKE: 13.45

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.

Coca-Cola Consolidated's adjusted book value per share data for the three months ended in Dec. 2023 was $153.152. 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 $61.43 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Consolidated Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Coca-Cola Consolidated'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.

Coca-Cola Consolidated Cyclically Adjusted PB Ratio Chart

Coca-Cola Consolidated Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.89 9.08 16.95 10.85 15.11

Coca-Cola Consolidated 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 10.85 10.53 11.67 10.88 15.11

Competitive Comparison of Coca-Cola Consolidated's Cyclically Adjusted PB Ratio

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Consolidated'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.


Coca-Cola Consolidated's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Consolidated's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola Consolidated's Cyclically Adjusted PB Ratio falls into.



Coca-Cola Consolidated 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.

Coca-Cola Consolidated's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=824.47/61.43
=13.42

* 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.

Coca-Cola Consolidated's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Coca-Cola Consolidated'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)
=153.152/129.4194*129.4194
=153.152

Current CPI (Dec. 2023) = 129.4194.

Coca-Cola Consolidated Quarterly Data

Book Value per Share CPI Adj_Book
201403 20.881 99.695 27.107
201406 22.178 100.560 28.543
201409 23.278 100.428 29.998
201412 19.804 99.070 25.871
201503 20.033 99.621 26.025
201506 22.727 100.684 29.213
201509 25.272 100.392 32.579
201512 26.157 99.792 33.923
201603 25.204 100.470 32.466
201606 26.667 101.688 33.939
201609 28.935 101.861 36.763
201612 29.757 101.863 37.807
201703 29.340 102.862 36.915
201706 29.819 103.349 37.341
201709 31.472 104.136 39.113
201712 39.286 104.011 48.883
201803 37.924 105.290 46.615
201806 37.331 106.317 45.443
201809 39.849 106.507 48.422
201812 38.291 105.998 46.752
201903 37.805 107.251 45.619
201906 39.258 108.070 47.014
201909 40.416 108.329 48.284
201912 37.013 108.420 44.182
202003 38.322 108.902 45.542
202006 42.397 108.767 50.447
202009 47.819 109.815 56.356
202012 54.727 109.897 64.449
202103 60.312 111.754 69.846
202106 65.343 114.631 73.773
202109 72.558 115.734 81.138
202112 75.934 117.630 83.545
202203 85.734 121.301 91.472
202206 96.193 125.017 99.581
202209 108.699 125.227 112.339
202212 118.991 125.222 122.980
202303 131.672 127.348 133.814
202306 147.189 128.729 147.979
202309 162.618 129.860 162.067
202312 153.152 129.419 153.152

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.


Coca-Cola Consolidated  (NAS:COKE) 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.


Coca-Cola Consolidated Cyclically Adjusted PB Ratio Related Terms

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


Coca-Cola Consolidated (Coca-Cola Consolidated) Business Description

Traded in Other Exchanges
Address
4100 Coca-Cola Plaza, Charlotte, NC, USA, 28211
Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.
Executives
Coventry Elaine Moyese Bowers director 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Nathaniel Brent Tollison officer: See Remarks 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Christine Ann Motherwell officer: SVP, Human Resources 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Matthew Joseph Blickley officer: SVP, Financial Planning & CAO 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Donell W Etheridge officer: See Remarks 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Jeffrey L Turney officer: See Remarks 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Murrey John W Iii director 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fredrick Scott Anthony officer: SVP, Treasurer 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Richard Tyrone Williams director HOMETRUST BANCSHARES, INC., 10 WOODFIN STREET, ASHEVILLE NC 28801
Jennifer K Mann director THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
James L Matte officer: SVP, Human Resources 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fisher E Beauregarde Iii officer: EVP, General Counsel 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Wells Sue Anne H. director 1219 CARTER LAKE ROAD, CHATTANOOGA TN 37405
Deal Clifford M Iii officer: SVP and CFO 4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Helvey James Relerford Iii director 100 PIKE WAY, MOUNT AIRY NC 27030