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Hillshire Brands Co (LSE:HSH) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


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What is Hillshire Brands Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hillshire Brands Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hillshire Brands Co'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.

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Hillshire Brands Co Cyclically Adjusted PB Ratio Chart

Hillshire Brands Co Annual Data
Trend Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Cyclically Adjusted PB Ratio
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Hillshire Brands Co Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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Competitive Comparison of Hillshire Brands Co's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Hillshire Brands Co'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.


Hillshire Brands Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Hillshire Brands Co 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.

Hillshire Brands Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2014 is calculated as:

For example, Hillshire Brands Co's adjusted Book Value per Share data for the three months ended in Jun. 2014 was:

Adj_Book=Book Value per Share/CPI of Jun. 2014 (Change)*Current CPI (Jun. 2014)
=5.137/100.5595*100.5595
=5.137

Current CPI (Jun. 2014) = 100.5595.

Hillshire Brands Co Quarterly Data

Book Value per Share CPI Adj_Book
200409 19.006 80.121 23.854
200412 22.704 80.290 28.436
200503 21.964 81.555 27.082
200506 17.161 82.062 21.029
200509 14.572 83.876 17.471
200512 16.765 83.032 20.304
200603 16.359 84.298 19.515
200606 16.070 85.606 18.877
200609 17.871 85.606 20.993
200612 16.961 85.142 20.032
200703 17.818 86.640 20.681
200706 17.813 87.906 20.377
200709 19.849 87.964 22.691
200712 21.343 88.616 24.219
200803 23.697 90.090 26.451
200806 19.908 92.320 21.685
200809 19.274 92.307 20.997
200812 16.316 88.697 18.498
200903 15.415 89.744 17.273
200906 14.543 91.003 16.070
200909 18.080 91.120 19.953
200912 19.636 91.111 21.672
201003 12.677 91.821 13.883
201006 11.048 91.962 12.081
201009 11.344 92.162 12.378
201012 15.872 92.474 17.260
201103 12.693 94.283 13.538
201106 16.652 95.235 17.583
201109 13.582 95.727 14.268
201112 16.937 95.213 17.888
201203 18.073 96.783 18.778
201206 1.948 96.819 2.023
201209 2.578 97.633 2.655
201212 2.984 96.871 3.098
201303 3.403 98.209 3.484
201306 3.935 98.518 4.017
201309 3.928 98.790 3.998
201312 4.581 98.326 4.685
201403 4.847 99.695 4.889
201406 5.137 100.560 5.137

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.


Hillshire Brands Co  (LSE:HSH) 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.


Hillshire Brands Co Cyclically Adjusted PB Ratio Related Terms

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Hillshire Brands Co (LSE:HSH) Business Description

Traded in Other Exchanges
N/A
Address
Hillshire Brands Co was organized as a corporation in Baltimore, Maryland in 1941 as The C.D. Kenny Company, was renamed Sara Lee Corporation in 1985 and adopted its current name in June 2012. It is a manufacturer and marketer of food products. It provides meat-centric food solutions for the retail and foodservice markets. The Company's Brands' portfolio includes iconic brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame. Its operations are organized around two business segments - Retail and Foodservice/Other. Retail sells a variety of packaged meat and frozen bakery products to retail customers in North America. Products include hot dogs and corn dogs, breakfast sausages, breakfast convenience items, including breakfast sandwiches and bowls, dinner sausages, premium deli and luncheon meats and cooked hams, as well as frozen pies, cakes, cheesecakes and other desserts. The primary raw materials for the segment's products include pork and beef, which are purchased almost entirely from third party suppliers and independent farmers, and poultry. The branded meat business is highly competitive, with an emphasis on product quality, innovation and value. New product innovations are a key component to its success. The Retail segment competes with other international, national, regional and local companies in each of the product categories. Foodservice/Other sells a variety of meat and bakery products to foodservice customers in North America. Products include hot dogs and corn dogs, breakfast sausages and sandwiches, dinner sausages, premium deli and luncheon meats, ham, beef and turkey as well as a variety of bakery products, including pastries, muffins, frozen pies, cakes and cheesecakes. The primary raw materials for Foodservice/Other's products include pork, beef and poultry and, to a lesser extent, wheat flour, sugar, corn syrup, cooking oils, butter, fruit and eggs, which are purchased from independent suppliers and farmers. The Foodservice/Other segment competes with other international, national, regional and local companies in each of its product categories. It considers major mass retailers and supermarket chains in the United States to be its most significant customers. The Company is subject to regulations administered by the U.S. Department of Agriculture and the Food and Drug Administration.

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