GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Asia Pacific Breweries Limited (SGX:A46) » Definitions » Cyclically Adjusted PB Ratio

Asia Pacific Breweries Limited (SGX:A46) Cyclically Adjusted PB Ratio : (As of May. 10, 2024)


View and export this data going back to . Start your Free Trial

What is Asia Pacific Breweries Limited Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Pacific Breweries Limited Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Asia Pacific Breweries Limited'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.

Asia Pacific Breweries Limited Cyclically Adjusted PB Ratio Chart

Asia Pacific Breweries Limited Annual Data
Trend Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Asia Pacific Breweries Limited Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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 - - - - -

Competitive Comparison of Asia Pacific Breweries Limited's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Asia Pacific Breweries Limited'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.


Asia Pacific Breweries Limited's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asia Pacific Breweries Limited's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Asia Pacific Breweries Limited's Cyclically Adjusted PB Ratio falls into.



Asia Pacific Breweries Limited 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.

Asia Pacific Breweries Limited's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep12 is calculated as:

For example, Asia Pacific Breweries Limited's adjusted Book Value per Share data for the fiscal year that ended in Sep12 was:

Adj_Book=Book Value per Share/CPI of Sep12 (Change)*Current CPI (Sep12)
=5.757/97.6331*97.6331
=5.757

Current CPI (Sep12) = 97.6331.

Asia Pacific Breweries Limited Annual Data

Book Value per Share CPI Adj_Book
200309 342.357 78.138 427.774
200409 3.405 80.121 4.149
200509 3.373 83.876 3.926
200609 3.445 85.606 3.929
200709 3.697 87.964 4.103
200809 4.088 92.307 4.324
200909 4.387 91.120 4.701
201009 4.918 92.162 5.210
201109 5.602 95.727 5.714
201209 5.757 97.633 5.757

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.


Asia Pacific Breweries Limited  (SGX:A46) 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.


Asia Pacific Breweries Limited Cyclically Adjusted PB Ratio Related Terms

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


Asia Pacific Breweries Limited (SGX:A46) Business Description

Traded in Other Exchanges
N/A
Address
Website

Asia Pacific Breweries Limited (SGX:A46) Headlines

No Headlines