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Farmer Bros Co (FRA:FB1) Cyclically Adjusted Book per Share : €8.53 (As of Mar. 2024)


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What is Farmer Bros Co 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.

Farmer Bros Co's adjusted book value per share for the three months ended in Mar. 2024 was €1.867. 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 €8.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Farmer Bros Co's average Cyclically Adjusted Book Growth Rate was -2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -4.40% 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 Farmer Bros Co was 8.00% per year. The lowest was -9.90% per year. And the median was 1.20% per year.

As of today (2024-05-20), Farmer Bros Co's current stock price is €2.74. Farmer Bros Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.53. Farmer Bros Co's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Farmer Bros Co was 3.50. The lowest was 0.19. And the median was 1.52.


Farmer Bros Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Farmer Bros Co'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.

Farmer Bros Co Cyclically Adjusted Book per Share Chart

Farmer Bros Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.10 7.97 7.20 8.92 9.23

Farmer Bros Co 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 8.89 9.23 8.60 8.86 8.53

Competitive Comparison of Farmer Bros Co's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Farmer Bros 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.


Farmer Bros Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Farmer Bros Co 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, Farmer Bros Co'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)
=1.867/131.7762*131.7762
=1.867

Current CPI (Mar. 2024) = 131.7762.

Farmer Bros Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.104 100.560 6.688
201409 5.511 100.428 7.231
201412 5.438 99.070 7.233
201503 5.663 99.621 7.491
201506 4.814 100.684 6.301
201509 4.853 100.392 6.370
201512 5.635 99.792 7.441
201603 5.706 100.470 7.484
201606 9.684 101.688 12.549
201609 9.867 101.861 12.765
201612 11.583 101.863 14.985
201703 11.552 102.862 14.799
201706 12.128 103.349 15.464
201709 10.785 104.136 13.648
201712 10.496 104.011 13.298
201803 9.883 105.290 12.369
201806 11.566 106.317 14.336
201809 11.235 106.507 13.901
201812 11.286 105.998 14.031
201903 8.627 107.251 10.600
201906 8.178 108.070 9.972
201909 8.581 108.329 10.438
201912 9.753 108.420 11.854
202003 7.758 108.902 9.388
202006 5.728 108.767 6.940
202009 5.046 109.815 6.055
202012 4.494 109.897 5.389
202103 3.875 111.754 4.569
202106 4.879 114.631 5.609
202109 5.101 115.734 5.808
202112 5.117 117.630 5.732
202203 4.996 121.301 5.427
202206 5.366 125.017 5.656
202209 5.073 125.227 5.338
202212 3.978 125.222 4.186
202303 3.456 127.348 3.576
202306 1.746 128.729 1.787
202309 1.721 129.860 1.746
202312 1.908 129.419 1.943
202403 1.867 131.776 1.867

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


Farmer Bros Co  (FRA:FB1) 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.

Farmer Bros Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.74/8.53
=0.32

* 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 Farmer Bros Co was 3.50. The lowest was 0.19. And the median was 1.52.


Be Aware

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


Farmer Bros Co Cyclically Adjusted Book per Share Related Terms

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


Farmer Bros Co (FRA:FB1) Business Description

Traded in Other Exchanges
Address
1912 Farmer Brothers Drive, Northlake, TX, USA, 76262
Farmer Bros Co is engaged in manufacturing, wholesaling, and distributing coffee, tea, and culinary products to food-service establishments and retailers in the United States. The company's customers include restaurants, hotels, offices, casinos, convenience stores, healthcare facilities, and other food-service providers. The company's product categories consist of roast and ground coffee, frozen liquid coffee, flavoured and unflavored iced and hot teas, culinary products, spices, and other beverages including cappuccino, cocoa, granitas, and ready-to-drink iced coffee. The products are sold under the brands of Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, and China Mist.

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