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Emperador (SGX:EMI) Cyclically Adjusted PB Ratio : 3.91 (As of May. 26, 2024)


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What is Emperador Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Emperador's current share price is S$0.43. Emperador's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was S$0.11. Emperador's Cyclically Adjusted PB Ratio for today is 3.91.

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

SGX:EMI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 2.35   Max: 5.08
Current: 3.93

During the past years, Emperador's highest Cyclically Adjusted PB Ratio was 5.08. The lowest was 0.82. And the median was 2.35.

SGX:EMI's Cyclically Adjusted PB Ratio is ranked worse than
72.22% of 162 companies
in the Beverages - Alcoholic industry
Industry Median: 2.005 vs SGX:EMI: 3.93

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.

Emperador's adjusted book value per share data for the three months ended in Mar. 2024 was S$0.144. 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 S$0.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emperador Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Emperador'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.

Emperador Cyclically Adjusted PB Ratio Chart

Emperador 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 - 1.03 2.70 5.00 4.55

Emperador Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.90 4.85 4.60 4.55 4.00

Competitive Comparison of Emperador's Cyclically Adjusted PB Ratio

For the Beverages - Wineries & Distilleries subindustry, Emperador'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.


Emperador's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

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



Emperador 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.43/0.11
=3.91

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.144/131.7762*131.7762
=0.144

Current CPI (Mar. 2024) = 131.7762.

Emperador Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.053 100.560 0.069
201409 0.051 100.428 0.067
201412 0.066 99.070 0.088
201503 0.068 99.621 0.090
201506 0.067 100.684 0.088
201509 0.069 100.392 0.091
201512 0.072 99.792 0.095
201603 0.073 100.470 0.096
201606 0.074 101.688 0.096
201609 0.069 101.861 0.089
201612 0.076 101.863 0.098
201703 0.073 102.862 0.094
201706 0.075 103.349 0.096
201709 0.077 104.136 0.097
201712 0.083 104.011 0.105
201803 0.088 105.290 0.110
201806 0.087 106.317 0.108
201809 0.091 106.507 0.113
201812 0.088 105.998 0.109
201903 0.092 107.251 0.113
201906 0.092 108.070 0.112
201909 0.095 108.329 0.116
201912 0.094 108.420 0.114
202003 0.095 108.902 0.115
202006 0.095 108.767 0.115
202009 0.096 109.815 0.115
202012 0.098 109.897 0.118
202103 0.098 111.754 0.116
202106 0.102 114.631 0.117
202109 0.105 115.734 0.120
202112 0.115 117.630 0.129
202203 0.119 121.301 0.129
202206 0.123 125.017 0.130
202209 0.127 125.227 0.134
202212 0.129 125.222 0.136
202303 0.134 127.348 0.139
202306 0.132 128.729 0.135
202309 0.136 129.860 0.138
202312 0.139 129.419 0.142
202403 0.144 131.776 0.144

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.


Emperador  (SGX:EMI) 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.


Emperador Cyclically Adjusted PB Ratio Related Terms

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


Emperador (SGX:EMI) Business Description

Traded in Other Exchanges
Address
1880 Eastwood Avenue, Eastwood City CyberPark, 7th Floor, 188 East Rodriguez, Junior Avenue, Bagumbayan, Quezon, PHL, 1110
Emperador Inc manufactures, sells, and distributes spirits and other alcoholic beverages through two main business segments: brandy and Scotch whiskey. The brandy segment, which accounts for more than half of the company's total revenue focuses on sales in the Philippines and Spain. This segment also has a distribution network for its operations, which includes sales offices and distribution outlets throughout the Philippines. The Scotch whiskey business sells in the United Kingdom. Brands that Emperador owns or licenses include The Dalmore, Fundador, Jura, Emperador, Andy Player, Whyte and Mackay, Smirnoff, and BaR. The company produces in the Philippines and Europe.

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