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NH Foods (FRA:NI6) Cyclically Adjusted Book per Share : €26.00 (As of Mar. 2024)


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What is NH 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.

NH Foods's adjusted book value per share for the three months ended in Mar. 2024 was €31.556. 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 €26.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, NH Foods's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.90% 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 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 NH Foods was 6.90% per year. The lowest was 4.00% per year. And the median was 4.85% per year.

As of today (2024-09-22), NH Foods's current stock price is €33.60. NH Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €26.00. NH Foods's Cyclically Adjusted PB Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NH Foods was 2.41. The lowest was 0.86. And the median was 1.29.


NH Foods Cyclically Adjusted Book per Share Historical Data

The historical data trend for NH 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.

NH Foods Cyclically Adjusted Book per Share Chart

NH Foods Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.68 26.70 27.06 27.31 26.00

NH Foods Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 25.62 26.37 26.99 26.00 -

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

For the Packaged Foods subindustry, NH 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.


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

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

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



NH 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, NH 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)
=31.556/107.2000*107.2000
=31.556

Current CPI (Mar. 2024) = 107.2000.

NH Foods Quarterly Data

Book Value per Share CPI Adj_Book
201406 22.668 98.000 24.796
201409 23.482 98.500 25.556
201412 23.420 97.900 25.645
201503 26.650 97.900 29.182
201506 25.070 98.400 27.312
201509 26.037 98.500 28.337
201512 27.400 98.100 29.942
201603 27.821 97.900 30.464
201606 29.069 98.100 31.766
201609 30.885 98.000 33.784
201612 30.608 98.400 33.345
201703 29.734 98.100 32.492
201706 30.714 98.500 33.427
201709 29.857 98.800 32.395
201712 30.656 99.400 33.062
201803 29.738 99.200 32.136
201806 30.266 99.200 32.707
201809 30.138 99.900 32.340
201812 31.117 99.700 33.458
201903 31.027 99.700 33.361
201906 31.690 99.800 34.040
201909 32.802 100.100 35.129
201912 33.375 100.500 35.600
202003 33.029 100.300 35.301
202006 32.716 99.900 35.107
202009 32.539 99.900 34.917
202012 32.740 99.300 35.345
202103 32.794 99.900 35.190
202106 31.897 99.500 34.365
202109 33.565 100.100 35.946
202112 35.035 100.100 37.520
202203 35.851 101.100 38.014
202206 33.558 101.800 35.338
202209 34.052 103.100 35.406
202212 33.657 104.100 34.659
202303 33.602 104.400 34.503
202306 31.843 105.200 32.448
202309 31.659 106.200 31.957
202312 32.192 106.800 32.313
202403 31.556 107.200 31.556

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


NH Foods  (FRA:NI6) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.60/26
=1.29

* 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 NH Foods was 2.41. The lowest was 0.86. And the median was 1.29.


Be Aware

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


NH Foods Cyclically Adjusted Book per Share Related Terms

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


NH Foods Business Description

Traded in Other Exchanges
Address
Breeze Tower, 4-9, Umeda 2-chome, Kita-ku, Osaka, JPN, 530-0001
NH Foods Ltd is a Japanese packaged-food company. The company offers a wide range of products: hams, sausages, processed foods, marine products, dairy products, and health food. The meat segment is the largest and includes chicken, pork, and beef. The largest categories are processed foods and ham and sausages, followed by marine products and dairy products. The main market is Japan, but the company has worldwide operations in the U.K., Germany, Turkey, Australia, Brazil, Chile, the Americas, and other Asian countries.

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