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Coca-Cola HBC AG (FRA:C0Q) Cyclically Adjusted PB Ratio : 3.94 (As of May. 17, 2024)


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What is Coca-Cola HBC AG Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Coca-Cola HBC AG's current share price is €32.32. Coca-Cola HBC AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €8.20. Coca-Cola HBC AG's Cyclically Adjusted PB Ratio for today is 3.94.

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

FRA:C0Q' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.29   Med: 3.26   Max: 4.25
Current: 3.8

During the past 13 years, Coca-Cola HBC AG's highest Cyclically Adjusted PB Ratio was 4.25. The lowest was 2.29. And the median was 3.26.

FRA:C0Q's Cyclically Adjusted PB Ratio is ranked worse than
72.15% of 79 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.38 vs FRA:C0Q: 3.80

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 HBC AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was €8.429. 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 €8.20 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola HBC AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Coca-Cola HBC AG'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 HBC AG Cyclically Adjusted PB Ratio Chart

Coca-Cola HBC AG 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 3.84 3.60 3.79 2.81 3.22

Coca-Cola HBC AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 3.79 - 2.81 - 3.22

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

For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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 HBC AG's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

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

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



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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.32/8.2
=3.94

* 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 HBC AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Coca-Cola HBC AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=8.429/106.4612*106.4612
=8.429

Current CPI (Dec23) = 106.4612.

Coca-Cola HBC AG Annual Data

Book Value per Share CPI Adj_Book
201412 7.649 100.704 8.086
201512 7.796 99.386 8.351
201612 7.890 99.380 8.452
201712 8.187 100.213 8.697
201812 8.469 100.906 8.935
201912 7.426 101.063 7.823
202012 7.221 100.241 7.669
202112 8.512 101.776 8.904
202212 8.951 104.666 9.105
202312 8.429 106.461 8.429

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 HBC AG  (FRA:C0Q) 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 HBC AG Cyclically Adjusted PB Ratio Related Terms

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Coca-Cola HBC AG (FRA:C0Q) Business Description

Traded in Other Exchanges
Address
Turmstrasse 26, Steinhausen, CHE, CH-6312
Coca-Cola HBC, or HBC, is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola FEMSA and Coca-Cola Europacific Partners, or CCEP. In 2022, HBC sold 2.7 billion unit cases of beverages. For context, Coke's largest bottler, Coke FEMSA, sold 3.75 billion unit cases in Latin America, and the second-largest, CCEP, serving Europe, Southeast Asia, and the South Pacific region, sold 3.3 billion unit cases. There is a long tail of Coke distributors, including brewers and independent operators with very small distribution territories.HBC is listed on the LSE. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of HBC, and The Coca-Cola Company, or TCCC, holds a further 21%. The remaining 56% is free float.

Coca-Cola HBC AG (FRA:C0Q) Headlines

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