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Nomad Foods (FRA:0NH) Cyclically Adjusted Book per Share : €13.88 (As of Mar. 2024)


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What is Nomad 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.

Nomad Foods's adjusted book value per share for the three months ended in Mar. 2024 was €16.096. 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 €13.88 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-05-19), Nomad Foods's current stock price is €16.60. Nomad Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €13.88. Nomad Foods's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Nomad Foods was 1.25. The lowest was 1.19. And the median was 1.22.


Nomad Foods Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nomad 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.

Nomad Foods Cyclically Adjusted Book per Share Chart

Nomad Foods Annual Data
Trend Dec14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
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Nomad Foods Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - 13.88

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

For the Packaged Foods subindustry, Nomad 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.


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

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

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



Nomad 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, Nomad Foods's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=16.096/131.6000*131.6000
=16.096

Current CPI (Mar. 2024) = 131.6000.

Nomad Foods Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.000 99.200 0.000
201409 0.000 100.000 0.000
201412 -13.550 99.900 -17.850
201503 5.665 99.600 7.485
201506 9.329 100.100 12.265
201509 9.609 100.200 12.620
201512 0.000 100.400 0.000
201603 10.492 100.400 13.752
201606 10.374 101.000 13.517
201609 10.319 101.500 13.379
201612 10.363 102.200 13.344
201703 10.594 102.700 13.575
201706 10.747 103.500 13.665
201709 10.905 104.300 13.759
201712 11.107 105.000 13.921
201803 10.920 105.100 13.673
201806 11.199 105.900 13.917
201809 11.415 106.600 14.092
201812 11.722 107.100 14.404
201903 12.486 107.000 15.357
201906 12.596 107.900 15.363
201909 12.733 108.400 15.458
201912 13.048 108.500 15.826
202003 12.608 108.600 15.278
202006 12.980 108.800 15.700
202009 12.578 109.200 15.158
202012 12.241 109.400 14.725
202103 12.258 109.700 14.705
202106 12.601 111.400 14.886
202109 12.982 112.400 15.200
202112 13.133 114.700 15.068
202203 13.537 116.500 15.292
202206 14.310 120.500 15.628
202209 14.956 122.300 16.093
202212 14.974 125.300 15.727
202303 15.153 126.800 15.727
202306 15.449 129.400 15.712
202309 15.931 130.100 16.115
202312 15.885 130.500 16.019
202403 16.096 131.600 16.096

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


Nomad Foods  (FRA:0NH) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.60/13.88
=1.20

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Nomad Foods was 1.25. The lowest was 1.19. And the median was 1.22.


Be Aware

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


Nomad Foods Cyclically Adjusted Book per Share Related Terms

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


Nomad Foods (FRA:0NH) Business Description

Traded in Other Exchanges
Address
No. 1 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, GBR, TW14 8HA
Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distribution of branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, and ready meals. It sells its products primarily through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Scandinavia, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.

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