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Boston Beer Co (Boston Beer Co) Cyclically Adjusted PB Ratio : 4.41 (As of Apr. 27, 2024)


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What is Boston Beer Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Boston Beer Co's current share price is $283.20. Boston Beer Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $64.22. Boston Beer Co's Cyclically Adjusted PB Ratio for today is 4.41.

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

SAM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.41   Med: 11.39   Max: 32.68
Current: 4.41

During the past years, Boston Beer Co's highest Cyclically Adjusted PB Ratio was 32.68. The lowest was 4.41. And the median was 11.39.

SAM's Cyclically Adjusted PB Ratio is ranked worse than
77.99% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 1.83 vs SAM: 4.41

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.

Boston Beer Co's adjusted book value per share data for the three months ended in Dec. 2023 was $89.075. 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 $64.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Beer Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Boston Beer 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.

Boston Beer Co Cyclically Adjusted PB Ratio Chart

Boston Beer 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 12.13 26.67 10.78 5.86 5.38

Boston Beer 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 5.86 5.60 5.07 6.18 5.38

Competitive Comparison of Boston Beer Co's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Boston Beer 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.


Boston Beer Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boston Beer 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.

Boston Beer Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=283.20/64.22
=4.41

* 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.

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

For example, Boston Beer 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)
=89.075/129.4194*129.4194
=89.075

Current CPI (Dec. 2023) = 129.4194.

Boston Beer Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 26.540 99.695 34.453
201406 28.668 100.560 36.896
201409 31.770 100.428 40.941
201412 33.370 99.070 43.593
201503 37.051 99.621 48.134
201506 38.842 100.684 49.928
201509 38.115 100.392 49.136
201512 36.156 99.792 46.890
201603 34.175 100.470 44.022
201606 33.307 101.688 42.390
201609 36.056 101.861 45.811
201612 36.107 101.863 45.875
201703 35.275 102.862 44.382
201706 35.059 103.349 43.903
201709 35.264 104.136 43.826
201712 36.444 104.011 45.347
201803 37.286 105.290 45.831
201806 37.987 106.317 46.242
201809 37.810 106.507 45.944
201812 40.032 105.998 48.878
201903 42.398 107.251 51.162
201906 45.171 108.070 54.095
201909 59.746 108.329 71.378
201912 61.082 108.420 72.913
202003 62.756 108.902 74.580
202006 68.148 108.767 81.088
202009 75.434 109.815 88.901
202012 78.551 109.897 92.505
202103 84.110 111.754 97.405
202106 88.546 114.631 99.969
202109 84.074 115.734 94.015
202112 80.266 117.630 88.311
202203 80.189 121.301 85.556
202206 84.929 125.017 87.920
202209 87.354 125.227 90.279
202212 86.832 125.222 89.743
202303 84.931 127.348 86.313
202306 88.906 128.729 89.383
202309 91.986 129.860 91.674
202312 89.075 129.419 89.075

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.


Boston Beer Co  (NYSE:SAM) 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.


Boston Beer Co Cyclically Adjusted PB Ratio Related Terms

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


Boston Beer Co (Boston Beer Co) Business Description

Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.
Executives
Carolyn L. O'boyle officer: Chief People Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Diego Reynoso officer: CFO and Treasurer 7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Calagione Samuel A. Iii officer: Founder & Brewer, Dogfish Head THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
John C Geist officer: VP of Sales ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Cynthia Swanson director 1529 OAK STREET, SARASOTA FL 34236
David A Burwick director 32 AUTUMN LANE, NEW CANAAN CT 06840
Philip A. Hodges officer: Chief Supply Chain Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Matthew Donal Murphy officer: CAO & Interim CFO THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Annette N Fritsch officer: VP of Product Design and R&D THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, SUITE 850, BOSTON 2J 02210
David L. Grinnell officer: Vice President of Brewing THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, STE. 850, BOSTON MA 02170
Quincy B Troupe officer: Senior VP, Supply Chain C/O THE BOSTON BEER COMPANY, 1 DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
C James Koch director, 10 percent owner, officer: Chairman C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Jean Michel Valette director 28 MAPLE AVE, KENTFIELD CT 06897
Cynthia A Fisher director 186 PARK STREET, NEWTON MA 02458
Tara L. Heath officer: Vice President, Legal THE BOSTON BEER COMPANY, INC., 1 DESIGN CENTER PL., STE. 850, BOSTON MA 02210