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Morrison (Wm) Supermarkets (LSE:MRW) Cyclically Adjusted PB Ratio : (As of May. 29, 2024)


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What is Morrison (Wm) Supermarkets Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Morrison (Wm) Supermarkets Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Morrison (Wm) Supermarkets'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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Morrison (Wm) Supermarkets Cyclically Adjusted PB Ratio Chart

Morrison (Wm) Supermarkets Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Cyclically Adjusted PB Ratio
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Morrison (Wm) Supermarkets Semi-Annual Data
Jan12 Jul12 Jan13 Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21
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Competitive Comparison of Morrison (Wm) Supermarkets's Cyclically Adjusted PB Ratio

For the Grocery Stores subindustry, Morrison (Wm) Supermarkets'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.


Morrison (Wm) Supermarkets's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Morrison (Wm) Supermarkets's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Morrison (Wm) Supermarkets's Cyclically Adjusted PB Ratio falls into.



Morrison (Wm) Supermarkets 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.

Morrison (Wm) Supermarkets's Cyclically Adjusted Book per Share for the fiscal year that ended in Jan21 is calculated as:

For example, Morrison (Wm) Supermarkets's adjusted Book Value per Share data for the fiscal year that ended in Jan21 was:

Adj_Book=Book Value per Share/CPI of Jan21 (Change)*Current CPI (Jan21)
=1.749/109.3000*109.3000
=1.749

Current CPI (Jan21) = 109.3000.

Morrison (Wm) Supermarkets Annual Data

Book Value per Share CPI Adj_Book
201201 2.133 94.700 2.462
201301 2.231 97.000 2.514
201401 2.009 98.700 2.225
201501 1.539 99.200 1.696
201601 1.608 99.900 1.759
201701 1.740 101.800 1.868
201801 1.804 104.500 1.887
201901 1.826 106.400 1.876
202001 1.888 108.300 1.905
202101 1.749 109.300 1.749

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.


Morrison (Wm) Supermarkets  (LSE:MRW) 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.


Morrison (Wm) Supermarkets Cyclically Adjusted PB Ratio Related Terms

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Morrison (Wm) Supermarkets (LSE:MRW) Business Description

Traded in Other Exchanges
N/A
Address
Gain Lane, Hilmore House, Bradford, West Yorkshire, GBR, BD3 7DL
Founded by William Morrison in 1899, Wm Morrison Supermarkets is the U.K.'s fourth- largest grocery chain, with a market share of around 10%. The 2004 takeover of rival Safeway transformed the firm in terms of scale and gave it a significant presence outside its base in Northern England. The company operates about 500 stores, entirely in the United Kingdom. Morrisons has an online presence via a partnership with Ocado and Amazon and has lately been trying to expand its wholesale channel with new agreements (McColl's).

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