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Greif (FRA:GR3) Cyclically Adjusted PB Ratio : 2.47 (As of Jun. 06, 2024)


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What is Greif Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Greif's current share price is €57.50. Greif's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €23.24. Greif's Cyclically Adjusted PB Ratio for today is 2.47.

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

FRA:GR3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.47   Max: 3.17
Current: 2.5

During the past years, Greif's highest Cyclically Adjusted PB Ratio was 3.17. The lowest was 1.11. And the median was 2.47.

FRA:GR3's Cyclically Adjusted PB Ratio is ranked worse than
74.17% of 302 companies
in the Packaging & Containers industry
Industry Median: 1.25 vs FRA:GR3: 2.50

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.

Greif's adjusted book value per share data for the three months ended in Jan. 2024 was €31.653. 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 €23.24 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Greif Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Greif'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.

Greif Cyclically Adjusted PB Ratio Chart

Greif Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.94 2.95 2.79 2.53

Greif Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.98 2.57 2.98 2.53 2.47

Competitive Comparison of Greif's Cyclically Adjusted PB Ratio

For the Packaging & Containers subindustry, Greif'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.


Greif's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Greif's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Greif 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.50/23.24
=2.47

* 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.

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

For example, Greif's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=31.653/130.1244*130.1244
=31.653

Current CPI (Jan. 2024) = 130.1244.

Greif Quarterly Data

Book Value per Share CPI Adj_Book
201404 15.749 100.023 20.489
201407 15.832 100.520 20.495
201410 15.329 100.176 19.912
201501 16.013 98.604 21.132
201504 16.671 99.824 21.731
201507 16.193 100.691 20.927
201510 15.370 100.346 19.931
201601 14.692 99.957 19.126
201604 14.717 100.947 18.971
201607 15.112 101.524 19.369
201610 14.631 101.988 18.667
201701 15.260 102.456 19.381
201704 15.538 103.167 19.598
201707 15.213 103.278 19.168
201710 14.619 104.070 18.279
201801 15.133 104.578 18.830
201804 15.020 105.708 18.489
201807 16.193 106.324 19.818
201810 16.348 106.695 19.938
201901 16.549 106.200 20.277
201904 16.317 107.818 19.693
201907 16.865 108.250 20.273
201910 17.282 108.577 20.712
202001 17.691 108.841 21.150
202004 16.762 108.173 20.163
202007 16.701 109.318 19.880
202010 16.473 109.861 19.511
202101 16.621 110.364 19.597
202104 19.288 112.673 22.275
202107 20.580 115.183 23.250
202110 21.915 116.696 24.437
202201 22.144 118.619 24.292
202204 26.184 121.978 27.933
202207 28.527 125.002 29.696
202210 30.632 125.734 31.702
202301 29.352 126.223 30.259
202304 29.787 127.992 30.283
202307 30.646 128.974 30.919
202310 32.097 129.810 32.175
202401 31.653 130.124 31.653

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.


Greif  (FRA:GR3) 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.


Greif Cyclically Adjusted PB Ratio Related Terms

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


Greif (FRA:GR3) Business Description

Traded in Other Exchanges
Address
425 Winter Road, Delaware, OH, USA, 43015
Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.

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