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The Kraft Heinz Co (The Kraft Heinz Co) Cyclically Adjusted PB Ratio : 0.84 (As of Apr. 28, 2024)


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What is The Kraft Heinz Co Cyclically Adjusted PB Ratio?

As of today (2024-04-28), The Kraft Heinz Co's current share price is $38.16. The Kraft Heinz Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $45.27. The Kraft Heinz Co's Cyclically Adjusted PB Ratio for today is 0.84.

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

KHC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 0.97   Max: 1.28
Current: 0.85

During the past years, The Kraft Heinz Co's highest Cyclically Adjusted PB Ratio was 1.28. The lowest was 0.70. And the median was 0.97.

KHC's Cyclically Adjusted PB Ratio is ranked better than
68.1% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs KHC: 0.85

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.

The Kraft Heinz Co's adjusted book value per share data for the three months ended in Dec. 2023 was $40.662. 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 $45.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Kraft Heinz Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Kraft Heinz Co'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.

The Kraft Heinz Co Cyclically Adjusted PB Ratio Chart

The Kraft Heinz Co 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 - 1.03 0.98 1.00 0.82

The Kraft Heinz Co 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 1.00 0.91 0.81 0.75 0.82

Competitive Comparison of The Kraft Heinz Co's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, The Kraft Heinz Co'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.


The Kraft Heinz Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



The Kraft Heinz Co 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.

The Kraft Heinz Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38.16/45.27
=0.84

* 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.

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

For example, The Kraft Heinz Co'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)
=40.662/129.4194*129.4194
=40.662

Current CPI (Dec. 2023) = 129.4194.

The Kraft Heinz Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.912 99.695 11.569
201406 9.186 100.560 11.822
201409 9.463 100.428 12.195
201412 7.432 99.070 9.709
201503 7.653 99.621 9.942
201506 4.022 100.684 5.170
201509 48.477 100.392 62.494
201512 47.517 99.792 61.624
201603 47.751 100.470 61.510
201606 47.502 101.688 60.456
201609 31.849 101.861 40.466
201612 47.151 101.863 59.907
201703 47.417 102.862 59.659
201706 47.885 103.349 59.964
201709 48.242 104.136 59.955
201712 54.030 104.011 67.229
201803 54.346 105.290 66.801
201806 53.878 106.317 65.586
201809 53.638 106.507 65.177
201812 42.342 105.998 51.698
201903 42.380 107.251 51.140
201906 42.248 108.070 50.594
201909 42.320 108.329 50.559
201912 42.279 108.420 50.468
202003 41.742 108.902 49.607
202006 40.098 108.767 47.712
202009 40.244 109.815 47.428
202012 40.980 109.897 48.260
202103 41.115 111.754 47.614
202106 40.881 114.631 46.155
202109 40.822 115.734 45.649
202112 40.276 117.630 44.313
202203 40.526 121.301 43.238
202206 39.833 125.017 41.236
202209 39.240 125.227 40.554
202212 39.737 125.222 41.069
202303 40.059 127.348 40.711
202306 40.565 128.729 40.783
202309 40.160 129.860 40.024
202312 40.662 129.419 40.662

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.


The Kraft Heinz Co  (NAS:KHC) 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.


The Kraft Heinz Co Cyclically Adjusted PB Ratio Related Terms

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


The Kraft Heinz Co (The Kraft Heinz Co) Business Description

Address
One PPG Place, Pittsburgh, PA, USA, 15222
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.
Executives
Lande Rashida La officer: SVP, Global Gen Csl & Corp Sec C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Vince Garlati officer: VP, Global Controller (PAO) C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Humberto P Alfonso director 1085 OCEAN AVENUE, MANTOLOKING NJ 08738
Flavio Torres officer: Head of Global Operations THE KRAFT HEINZ COMPANY, 200 E. RANDOLPH ST., CHICAGO IL 60601
Melissa Werneck officer: EVP & Global Chief People Ofcr C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Marcos Eloi officer: Chief Procurement Officer 200 E RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Diane J Gherson director IBM CORPORATION, ONE NEW ORCHARD ROAD, ARMONK NY 10504
Miguel Patricio officer: Chief Executive Officer 200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601
Alicia R Knapp director C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
James Park director C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105
Andre Maciel officer: EVP & Global CFO C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Yang Xu officer: SVP, Global Head of Corp Dev C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Kathy Krenger officer: SVP & Global Chief Comm. Ofcr C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
3g Global Food Holdings Lp 10 percent owner C/O 3G CAPITAL INC., 600 THIRD AVE., 37TH FLOOR, NEW YORK NY 10016
Bruno Keller officer: Zone President, Canada 200 E. RANDOLPH STREET SUITE 7600, CHICAGO IL 60601