GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minupar Participacoes SA (BSP:MNPR3) » Definitions » Cyclically Adjusted Book per Share

Minupar Participacoes (BSP:MNPR3) Cyclically Adjusted Book per Share : R$-56.58 (As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Minupar Participacoes 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.

Minupar Participacoes's adjusted book value per share for the three months ended in Dec. 2023 was R$-45.617. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$-56.58 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -11.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -10.50% 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 Minupar Participacoes was -10.40% per year. The lowest was -14.50% per year. And the median was -11.40% per year.

As of today (2024-05-01), Minupar Participacoes's current stock price is R$18.38. Minupar Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$-56.58. Minupar Participacoes's Cyclically Adjusted PB Ratio of today is .


Minupar Participacoes Cyclically Adjusted Book per Share Historical Data

The historical data trend for Minupar Participacoes'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.

Minupar Participacoes Cyclically Adjusted Book per Share Chart

Minupar Participacoes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -36.73 -40.94 -50.59 -55.11 -56.58

Minupar Participacoes Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -55.11 -56.24 -56.53 -56.69 -56.58

Competitive Comparison of Minupar Participacoes's Cyclically Adjusted Book per Share

For the Farm Products subindustry, Minupar Participacoes'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.


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

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

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



Minupar Participacoes 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, Minupar Participacoes'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)
=-45.617/156.2729*156.2729
=-45.617

Current CPI (Dec. 2023) = 156.2729.

Minupar Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201403 -37.225 90.447 -64.317
201406 -37.798 91.838 -64.318
201409 -33.729 92.602 -56.920
201412 -34.179 94.194 -56.705
201503 -34.415 97.799 -54.992
201506 -34.692 100.006 -54.211
201509 -35.231 101.392 -54.301
201512 -35.775 104.247 -53.629
201603 -35.809 106.979 -52.309
201606 -36.542 108.851 -52.462
201609 -37.191 109.986 -52.843
201612 -37.651 110.802 -53.102
201703 -38.138 111.869 -53.276
201706 -38.362 112.115 -53.472
201709 -38.393 112.777 -53.200
201712 -41.220 114.068 -56.471
201803 -41.458 114.868 -56.402
201806 -42.353 117.038 -56.551
201809 -42.042 117.881 -55.734
201812 -50.652 118.340 -66.888
201903 -50.307 120.124 -65.446
201906 -49.558 120.977 -64.017
201909 -49.876 121.292 -64.260
201912 -55.300 123.436 -70.011
202003 -52.919 124.092 -66.643
202006 -52.933 123.557 -66.949
202009 -51.893 125.095 -64.826
202012 -52.864 129.012 -64.034
202103 -51.910 131.660 -61.614
202106 -52.243 133.871 -60.986
202109 -50.839 137.913 -57.607
202112 -48.426 141.992 -53.296
202203 -48.670 146.537 -51.904
202206 -45.926 149.784 -47.916
202209 -45.053 147.800 -47.636
202212 -47.291 150.207 -49.201
202303 -46.091 153.352 -46.969
202306 -46.086 154.519 -46.609
202309 -45.412 155.464 -45.648
202312 -45.617 156.273 -45.617

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


Minupar Participacoes  (BSP:MNPR3) 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.


Be Aware

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


Minupar Participacoes Cyclically Adjusted Book per Share Related Terms

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


Minupar Participacoes (BSP:MNPR3) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Senador Alberto Pasqualini 1535, Lajeado, RS, BRA, 95900000
Minupar Participacoes SA is a Brazil-based holding company primarily engaged in the food processing. It produces and sells poultry meat. Its activities include slaughtering poultry and producing cuts. It also produces whole chickens, and chicken products, sausages, and prepared meat and eggs.

Minupar Participacoes (BSP:MNPR3) Headlines

No Headlines