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HRL (Hormel Foods) Cyclically Adjusted Book per Share : $13.54 (As of Apr. 2025)


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What is Hormel Foods Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Hormel Foods's adjusted book value per share for the three months ended in Apr. 2025 was $14.607. 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 $13.54 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Hormel Foods's average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.10% 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 Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Hormel Foods was 12.70% per year. The lowest was 4.60% per year. And the median was 9.80% per year.

As of today (2025-07-22), Hormel Foods's current stock price is $29.45. Hormel Foods's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was $13.54. Hormel Foods's Cyclically Adjusted PB Ratio of today is 2.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hormel Foods was 8.38. The lowest was 2.13. And the median was 5.37.


Hormel Foods Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hormel Foods's Cyclically Adjusted Book 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 Cyclically Adjusted Book per Share Chart

Hormel Foods Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.54 9.75 11.18 12.20 13.08

Hormel Foods Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Book per Share 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 12.72 12.90 13.08 13.29 13.54

Competitive Comparison of Hormel Foods's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Hormel Foods'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.


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

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

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


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Hormel Foods Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Hormel Foods's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=14.607/135.3468*135.3468
=14.607

Current CPI (Apr. 2025) = 135.3468.

Hormel Foods Quarterly Data

Book Value per Share CPI Adj_Book
201507 7.439 100.691 9.999
201510 7.566 100.346 10.205
201601 7.859 99.957 10.641
201604 8.125 100.947 10.894
201607 8.298 101.524 11.063
201610 8.417 101.988 11.170
201701 8.646 102.456 11.422
201704 8.861 103.167 11.625
201707 9.000 103.278 11.795
201710 9.341 104.070 12.148
201801 9.720 104.578 12.580
201804 9.973 105.708 12.769
201807 10.152 106.324 12.923
201810 10.486 106.695 13.302
201901 10.674 106.200 13.604
201904 11.001 107.818 13.810
201907 11.031 108.250 13.792
201910 11.079 108.577 13.811
202001 11.335 108.841 14.095
202004 11.433 108.173 14.305
202007 11.620 109.318 14.387
202010 11.902 109.861 14.663
202101 12.135 110.364 14.882
202104 12.399 112.673 14.894
202107 12.512 115.183 14.702
202110 12.855 116.696 14.910
202201 13.076 118.619 14.920
202204 13.441 121.978 14.914
202207 13.479 125.002 14.594
202210 13.795 125.734 14.850
202301 13.933 126.223 14.940
202304 14.071 127.992 14.880
202307 14.115 128.974 14.812
202310 14.151 129.810 14.755
202401 14.325 130.124 14.900
202404 14.390 132.289 14.723
202407 14.347 132.708 14.632
202410 14.570 133.182 14.807
202501 14.603 134.029 14.747
202504 14.607 135.347 14.607

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Hormel Foods  (NYSE:HRL) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Hormel Foods's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.45/13.54
=2.18

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hormel Foods was 8.38. The lowest was 2.13. And the median was 5.37.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Hormel Foods Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Hormel Foods's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Hormel Foods Business Description

Address
1 Hormel Place, Austin, MN, USA, 55912-3680
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 US retail (62% of fiscal 2024 sales), US food service (32%), and international (6%). By product, 72% of fiscal 2024 sales were from perishable food and 28% from shelf-stable. 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.
Executives
Elsa A Murano director 1 HORMEL PLACE, AUSTIN MN 55912-3680
Steven J Lykken officer: Senior Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Kevin L Myers officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Deanna T Brady officer: Vice President 1 HORMEL STREET, AUSTIN MN 55912
Katherine M Losness-larson officer: Senior Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Mark J Ourada officer: Group Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Mark A Coffey officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912
Susan K Nestegard director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Pierre M Lilly officer: SVP & Chief Compliance Officer 1 HORMEL PLACE, AUSTIN MN 55912
Paul R Kuehneman officer: Vice President and Controller 1 HORMEL PLACE, AUSTIN MN 55912
Prado Becerra Jose Luis director 50 S. LASALLE STREET, CHICAGO IL 60603
Michael Paul Zechmeister director C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908
Ray G Young director 77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Patrick J Connor officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912
James P Snee officer: Vice President 1 HORMEL PLACE, AUSTIN MN 55912