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Maple Leaf Foods (TSX:MFI) Cyclically Adjusted PB Ratio : 1.27 (As of Jun. 04, 2024)


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What is Maple Leaf Foods Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Maple Leaf Foods's current share price is C$22.96. Maple Leaf Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$18.08. Maple Leaf Foods's Cyclically Adjusted PB Ratio for today is 1.27.

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

TSX:MFI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 2.1   Max: 3.2
Current: 1.25

During the past years, Maple Leaf Foods's highest Cyclically Adjusted PB Ratio was 3.20. The lowest was 1.17. And the median was 2.10.

TSX:MFI's Cyclically Adjusted PB Ratio is ranked better than
53.05% of 1327 companies
in the Consumer Packaged Goods industry
Industry Median: 1.35 vs TSX:MFI: 1.25

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.

Maple Leaf Foods's adjusted book value per share data for the three months ended in Mar. 2024 was C$12.652. 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 C$18.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maple Leaf Foods Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Maple Leaf Foods'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.

Maple Leaf Foods Cyclically Adjusted PB Ratio Chart

Maple Leaf Foods 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 1.97 2.04 1.90 1.43 1.41

Maple Leaf Foods 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 1.50 1.46 1.45 1.41 1.23

Competitive Comparison of Maple Leaf Foods's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Maple Leaf Foods'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.


Maple Leaf Foods's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Maple Leaf Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Maple Leaf Foods 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.

Maple Leaf Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.96/18.08
=1.27

* 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.

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

For example, Maple Leaf Foods'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)
=12.652/126.2576*126.2576
=12.652

Current CPI (Mar. 2024) = 126.2576.

Maple Leaf Foods Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.791 99.473 21.312
201409 16.171 99.394 20.542
201412 15.702 98.367 20.154
201503 15.685 99.789 19.845
201506 15.182 100.500 19.073
201509 15.409 100.421 19.373
201512 15.122 99.947 19.103
201603 15.631 101.054 19.530
201606 15.551 102.002 19.249
201609 15.847 101.765 19.661
201612 15.808 101.449 19.674
201703 15.893 102.634 19.551
201706 15.875 103.029 19.454
201709 15.990 103.345 19.535
201712 16.220 103.345 19.816
201803 16.391 105.004 19.709
201806 16.276 105.557 19.468
201809 16.130 105.636 19.279
201812 16.257 105.399 19.474
201903 16.207 106.979 19.128
201906 15.633 107.690 18.328
201909 15.611 107.611 18.316
201912 15.862 107.769 18.583
202003 15.468 107.927 18.095
202006 15.218 108.401 17.725
202009 15.646 108.164 18.263
202012 15.688 108.559 18.246
202103 16.547 110.298 18.941
202106 16.332 111.720 18.457
202109 16.687 112.905 18.660
202112 16.458 113.774 18.264
202203 16.883 117.646 18.119
202206 16.283 120.806 17.018
202209 14.086 120.648 14.741
202212 13.670 120.964 14.268
202303 13.091 122.702 13.470
202306 12.739 124.203 12.950
202309 12.648 125.230 12.752
202312 12.362 125.072 12.479
202403 12.652 126.258 12.652

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.


Maple Leaf Foods  (TSX:MFI) 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.


Maple Leaf Foods Cyclically Adjusted PB Ratio Related Terms

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


Maple Leaf Foods (TSX:MFI) Business Description

Traded in Other Exchanges
Address
6985 Financial Drive, Mississauga, ON, CAN, L5N 0A1
Maple Leaf Foods Incs is a producer of food products under leading brands, including Maple Leaf, Maple Leaf PrimeMaple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The Company's portfolio includes prepared meats, ready-to-cook and ready-toserve meals, and valued-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell's Gourmet Food, Larse, Parm, and Hygrade.
Executives
Andreas Liris Senior Officer
Patrick Lutfy Senior Officer
Iain William Stewart Senior Officer

Maple Leaf Foods (TSX:MFI) Headlines

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