GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Freshpet Inc (NAS:FRPT) » Definitions » Cyclically Adjusted PB Ratio

Freshpet (Freshpet) Cyclically Adjusted PB Ratio : 11.69 (As of Apr. 28, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Freshpet Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Freshpet's current share price is $106.36. Freshpet's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.10. Freshpet's Cyclically Adjusted PB Ratio for today is 11.69.

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

FRPT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.57   Med: 9.07   Max: 12.75
Current: 11.54

During the past years, Freshpet's highest Cyclically Adjusted PB Ratio was 12.75. The lowest was 6.57. And the median was 9.07.

FRPT's Cyclically Adjusted PB Ratio is ranked worse than
96.01% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs FRPT: 11.54

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.

Freshpet's adjusted book value per share data for the three months ended in Dec. 2023 was $19.755. 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 $9.10 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freshpet Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Freshpet'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.

Freshpet Cyclically Adjusted PB Ratio Chart

Freshpet 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 - - - 7.72 9.53

Freshpet 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 7.72 8.64 8.18 7.83 9.53

Competitive Comparison of Freshpet's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Freshpet'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.


Freshpet's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Freshpet 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=106.36/9.1
=11.69

* 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.

Freshpet's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Freshpet'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)
=19.755/129.4194*129.4194
=19.755

Current CPI (Dec. 2023) = 129.4194.

Freshpet Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 -4.680 100.560 -6.023
201409 -5.062 100.428 -6.523
201412 3.089 99.070 4.035
201503 3.069 99.621 3.987
201506 3.060 100.684 3.933
201509 3.066 100.392 3.953
201512 3.100 99.792 4.020
201603 3.077 100.470 3.964
201606 3.034 101.688 3.861
201609 3.104 101.861 3.944
201612 3.174 101.863 4.033
201703 3.125 102.862 3.932
201706 3.128 103.349 3.917
201709 3.201 104.136 3.978
201712 3.327 104.011 4.140
201803 3.265 105.290 4.013
201806 3.201 106.317 3.897
201809 3.289 106.507 3.997
201812 3.418 105.998 4.173
201903 3.362 107.251 4.057
201906 3.260 108.070 3.904
201909 3.430 108.329 4.098
201912 3.631 108.420 4.334
202003 9.484 108.902 11.271
202006 9.504 108.767 11.309
202009 9.709 109.815 11.442
202012 9.680 109.897 11.400
202103 16.688 111.754 19.326
202106 16.601 114.631 18.743
202109 16.675 115.734 18.647
202112 16.571 117.630 18.232
202203 16.288 121.301 17.378
202206 21.595 125.017 22.355
202209 21.536 125.227 22.257
202212 21.474 125.222 22.194
202303 19.724 127.348 20.045
202306 19.462 128.729 19.566
202309 19.462 129.860 19.396
202312 19.755 129.419 19.755

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.


Freshpet  (NAS:FRPT) 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.


Freshpet Cyclically Adjusted PB Ratio Related Terms

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


Freshpet (Freshpet) Business Description

Traded in Other Exchanges
Address
400 Plaza Drive, 1st Floor, Secaucus, NJ, USA, 07094
Freshpet Inc manufactures and markets natural fresh meals and treats for dogs and cats. The Company's products are distributed throughout the United States, Canada and other international markets, into major retail classes including Grocery (including online), Mass and Club, Pet Specialty, and Natural retail. The company's products include Nature's Fresh, Deli Fresh, Vital, and Freshpet among others.
Executives
Stephen Macchiaverna officer: EVP, Secretary & Treasurer C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Nishu D. Patel officer: Vice President and Controller C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Walter N. George director 4100 N. MULBERRY DRIVE, SUITE 200, KANSAS CITY MO 64116
David J West director 100 CRYSTAL A DRIVE, HERSHEY PA 17033
David Biegger director ONE CAMPBELL PLACE, CAMDEN NJ 08103
Cathal Walsh officer: See Remarks C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Todd E Cunfer officer: Chief Financial Officer 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Stephen Weise officer: EVp of Manufg & Supply Chain C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
J David Basto director C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Charles A Norris director, 10 percent owner 481 DENSLOW AVE, LOS ANGELES CA 90049
William B. Cyr officer: Chief Executive Officer C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Scott James Morris officer: Chief Marketing Officer C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Ivan Garcia officer: VP of Finance & Controller C/O FRESHPET, INC., 400 PLAZA DRIVE, 1ST FLOOR, SECAUCUS NJ 07094
Craig D. Steeneck director 13665 VANDERBILT DRIVE, UNIT 704, NAPLES FL 34110
Daryl G Brewster director KRISPY KREME DOUGHNUTS, INC., 370 KNOLLWOOD STREET, SUITE 500, WINSTON-SALEM NC 27103