GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tate & Lyle PLC (OTCPK:TATYF) » Definitions » Cyclically Adjusted PB Ratio

Tate & Lyle (Tate & Lyle) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Tate & Lyle Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tate & Lyle Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tate & Lyle'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.

Tate & Lyle Cyclically Adjusted PB Ratio Chart

Tate & Lyle Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.46 2.77 2.43 2.07 -

Tate & Lyle Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 2.43 - 2.07 - -

Competitive Comparison of Tate & Lyle's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Tate & Lyle'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.


Tate & Lyle's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tate & Lyle's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tate & Lyle 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.

Tate & Lyle's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Tate & Lyle's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=3.892/131.6000*131.6000
=3.892

Current CPI (Mar24) = 131.6000.

Tate & Lyle Annual Data

Book Value per Share CPI Adj_Book
201503 3.498 99.600 4.622
201603 3.649 100.400 4.783
201703 4.129 102.700 5.291
201803 4.782 105.100 5.988
201903 4.895 107.000 6.020
202003 4.313 108.600 5.226
202103 5.019 109.700 6.021
202203 5.311 116.500 5.999
202303 3.593 126.800 3.729
202403 3.892 131.600 3.892

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.


Tate & Lyle  (OTCPK:TATYF) 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.


Tate & Lyle Cyclically Adjusted PB Ratio Related Terms

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


Tate & Lyle (Tate & Lyle) Business Description

Traded in Other Exchanges
Address
5 Marble Arch, London, GBR, W1H 7EJ
Tate & Lyle is a global provider of food and beverage ingredients and solutions. Following the sale in 2022 of a controlling stake in its commodity ingredients business, as well as its exit from the sugar business a decade earlier, Tate & Lyle is now focused on specialty ingredients—sweeteners, starches, and soluble fiber. It has 2,700 employees and operates in over 140 countries, with most of its revenue generated in North America.