Hormel Foods's book value per share for the quarter that ended in Jan. 2024 was $14.33.
During the past 12 months, Hormel Foods's average Book Value Per Share Growth Rate was 2.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hormel Foods was 13.20% per year. The lowest was 3.50% per year. And the median was 10.30% per year.
Hormel Foods's current price is $34.38. Its book value per share for the quarter that ended in Jan. 2024 was $14.33. Hence, today's PB Ratio of Hormel Foods is 2.40.
During the past 13 years, the highest P/B Ratio of Hormel Foods was 5.60. The lowest was 2.02. And the median was 3.79.
Hormel Foods Book Value per Share Historical Data
The historical data trend for Hormel Foods's Book Value per Share 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.
Hormel Foods Annual Data
Trend
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Oct22
Oct23
Book Value per Share
11.08
11.90
12.86
13.80
14.15
Hormel Foods Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Book Value per Share
13.93
14.07
14.12
14.15
14.33
Competitive Comparison
For the Packaged Foods subindustry, Hormel Foods's PB Ratio, along with its competitors' market caps and 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.
Hormel Foods PB Ratio Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hormel Foods's PB Ratio falls into.
Hormel Foods Book Value per Share Calculation
Hormel Foods's Book Value Per Share for the fiscal year that ended in Oct. 2023 is calculated as:
* 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Hormel Foods (NYSE:HRL) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Hormel Foods Book Value per Share Related Terms
Thank you for viewing the detailed overview of Hormel Foods's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
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