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Anheuser-Busch InBev/NV (Anheuser-Busch InBev/NV) Cyclically Adjusted PB Ratio : 1.50 (As of Apr. 27, 2024)


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What is Anheuser-Busch InBev/NV Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Anheuser-Busch InBev/NV's current share price is $60.01. Anheuser-Busch InBev/NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $40.08. Anheuser-Busch InBev/NV's Cyclically Adjusted PB Ratio for today is 1.50.

The historical rank and industry rank for Anheuser-Busch InBev/NV's Cyclically Adjusted PB Ratio or its related term are showing as below:

BUD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.79   Max: 4.41
Current: 1.5

During the past years, Anheuser-Busch InBev/NV's highest Cyclically Adjusted PB Ratio was 4.41. The lowest was 1.24. And the median was 1.79.

BUD's Cyclically Adjusted PB Ratio is ranked better than
58.49% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 1.83 vs BUD: 1.50

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.

Anheuser-Busch InBev/NV's adjusted book value per share data for the three months ended in Dec. 2023 was $41.258. 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 $40.08 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anheuser-Busch InBev/NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Anheuser-Busch InBev/NV'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.

Anheuser-Busch InBev/NV Cyclically Adjusted PB Ratio Chart

Anheuser-Busch InBev/NV 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 2.59 2.15 1.72 1.52 1.61

Anheuser-Busch InBev/NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.52 - 1.44 - 1.61

Competitive Comparison of Anheuser-Busch InBev/NV's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV'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.


Anheuser-Busch InBev/NV's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Anheuser-Busch InBev/NV's Cyclically Adjusted PB Ratio falls into.



Anheuser-Busch InBev/NV 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.

Anheuser-Busch InBev/NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.01/40.08
=1.50

* 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.

Anheuser-Busch InBev/NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Anheuser-Busch InBev/NV's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=41.258/128.2922*128.2922
=41.258

Current CPI (Dec. 2023) = 128.2922.

Anheuser-Busch InBev/NV Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.819 0.000
201406 32.610 99.482 42.054
201409 0.000 99.195 0.000
201412 31.090 99.086 40.254
201503 0.000 99.423 0.000
201506 29.702 100.107 38.065
201509 0.000 100.245 0.000
201512 26.232 100.572 33.462
201603 0.000 101.653 0.000
201606 21.082 102.267 26.447
201609 0.000 102.118 0.000
201612 36.882 102.614 46.111
201703 0.000 103.972 0.000
201706 37.604 103.902 46.431
201709 0.000 104.170 0.000
201712 37.532 104.804 45.943
201803 0.000 105.419 0.000
201806 35.012 106.063 42.350
201809 0.000 106.618 0.000
201812 32.959 107.252 39.425
201903 0.000 107.876 0.000
201906 35.845 107.896 42.621
201909 0.000 107.470 0.000
201912 38.646 108.065 45.880
202003 0.000 108.550 0.000
202006 30.472 108.540 36.017
202009 0.000 108.441 0.000
202012 34.491 108.511 40.779
202103 0.000 109.522 0.000
202106 34.649 110.305 40.299
202109 0.000 111.543 0.000
202112 34.663 114.705 38.769
202203 0.000 118.620 0.000
202206 36.086 120.948 38.277
202209 0.000 124.120 0.000
202212 36.999 126.578 37.500
202303 0.000 126.528 0.000
202306 38.988 125.973 39.706
202309 0.000 127.083 0.000
202312 41.258 128.292 41.258

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.


Anheuser-Busch InBev/NV  (NYSE:BUD) 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.


Anheuser-Busch InBev/NV Cyclically Adjusted PB Ratio Related Terms

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


Anheuser-Busch InBev/NV (Anheuser-Busch InBev/NV) Business Description

Address
Brouwerijplein 1, Leuven, BEL, 3000
Anheuser-Busch InBev is the largest brewer in the world and one of the world's top five consumer product companies, as measured by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, according to Euromonitor, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and U.S.-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev and in 2016 it acquired SABMiller.