GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Winpak Ltd (TSX:WPK) » Definitions » Cyclically Adjusted PB Ratio

Winpak (TSX:WPK) Cyclically Adjusted PB Ratio : 2.04 (As of May. 28, 2024)


View and export this data going back to 1986. Start your Free Trial

What is Winpak Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Winpak's current share price is C$43.58. Winpak's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$21.39. Winpak's Cyclically Adjusted PB Ratio for today is 2.04.

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

TSX:WPK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.84   Med: 3.86   Max: 6.96
Current: 2.05

During the past years, Winpak's highest Cyclically Adjusted PB Ratio was 6.96. The lowest was 1.84. And the median was 3.86.

TSX:WPK's Cyclically Adjusted PB Ratio is ranked worse than
69.71% of 274 companies
in the Packaging & Containers industry
Industry Median: 1.22 vs TSX:WPK: 2.05

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.

Winpak's adjusted book value per share data for the three months ended in Mar. 2024 was C$28.443. 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$21.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winpak Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Winpak'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.

Winpak Cyclically Adjusted PB Ratio Chart

Winpak 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 3.76 3.04 2.31 2.27 1.97

Winpak 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 2.23 2.08 1.89 1.97 1.90

Competitive Comparison of Winpak's Cyclically Adjusted PB Ratio

For the Packaging & Containers subindustry, Winpak'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.


Winpak's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Winpak's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Winpak 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.58/21.39
=2.04

* 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.

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

For example, Winpak'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)
=28.443/126.2576*126.2576
=28.443

Current CPI (Mar. 2024) = 126.2576.

Winpak Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.175 99.473 11.645
201409 9.621 99.394 12.221
201412 10.366 98.367 13.305
201503 11.733 99.789 14.845
201506 11.996 100.500 15.070
201509 11.772 100.421 14.801
201512 12.750 99.947 16.106
201603 12.841 101.054 16.044
201606 12.999 102.002 16.090
201609 13.662 101.765 16.950
201612 14.481 101.449 18.022
201703 15.091 102.634 18.565
201706 15.498 103.029 18.992
201709 14.765 103.345 18.039
201712 16.078 103.345 19.643
201803 16.761 105.004 20.154
201806 17.538 105.557 20.977
201809 17.958 105.636 21.464
201812 19.021 105.399 22.785
201903 19.514 106.979 23.031
201906 20.022 107.690 23.474
201909 20.497 107.611 24.049
201912 20.965 107.769 24.562
202003 22.656 107.927 26.504
202006 22.589 108.401 26.310
202009 22.575 108.164 26.351
202012 22.336 108.559 25.977
202103 22.362 110.298 25.598
202106 19.248 111.720 21.753
202109 20.316 112.905 22.719
202112 21.260 113.774 23.593
202203 21.670 117.646 23.256
202206 22.539 120.806 23.556
202209 24.039 120.648 25.157
202212 25.138 120.964 26.238
202303 26.133 122.702 26.890
202306 26.189 124.203 26.622
202309 27.323 125.230 27.547
202312 27.865 125.072 28.129
202403 28.443 126.258 28.443

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.


Winpak  (TSX:WPK) 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.


Winpak Cyclically Adjusted PB Ratio Related Terms

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


Winpak (TSX:WPK) Business Description

Traded in Other Exchanges
Address
100 Saulteaux Crescent, Winnipeg, MB, CAN, R3J 3T3
Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery. The flexible packaging segment includes modified atmosphere packaging, specialty films, and biaxially oriented nylon product groups. The rigid packaging and flexible lidding segment include rigid containers, lidding, and specialized printed packaging product groups. The company's geographical segments include the United States, Canada, and Mexico & others.
Executives
Dave Alexander Senior Officer

Winpak (TSX:WPK) Headlines

No Headlines