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FrieslandCampina Engro Pakistan (KAR:FCEPL) Cyclically Adjusted Book per Share : ₨17.82 (As of Mar. 2024)


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What is FrieslandCampina Engro Pakistan 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.

FrieslandCampina Engro Pakistan's adjusted book value per share for the three months ended in Mar. 2024 was ₨19.359. 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 ₨17.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, FrieslandCampina Engro Pakistan's average Cyclically Adjusted Book Growth Rate was 1.60% 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.

As of today (2024-05-16), FrieslandCampina Engro Pakistan's current stock price is ₨72.53. FrieslandCampina Engro Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨17.82. FrieslandCampina Engro Pakistan's Cyclically Adjusted PB Ratio of today is 4.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FrieslandCampina Engro Pakistan was 5.65. The lowest was 3.09. And the median was 3.96.


FrieslandCampina Engro Pakistan Cyclically Adjusted Book per Share Historical Data

The historical data trend for FrieslandCampina Engro Pakistan'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.

FrieslandCampina Engro Pakistan Cyclically Adjusted Book per Share Chart

FrieslandCampina Engro Pakistan 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 - - 16.12 17.24 17.81

FrieslandCampina Engro Pakistan 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 17.54 17.74 17.87 17.81 17.82

Competitive Comparison of FrieslandCampina Engro Pakistan's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, FrieslandCampina Engro Pakistan'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.


FrieslandCampina Engro Pakistan's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where FrieslandCampina Engro Pakistan's Cyclically Adjusted PB Ratio falls into.



FrieslandCampina Engro Pakistan 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, FrieslandCampina Engro Pakistan'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)
=19.359/131.7762*131.7762
=19.359

Current CPI (Mar. 2024) = 131.7762.

FrieslandCampina Engro Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.470 100.560 18.962
201409 14.315 100.428 18.783
201412 15.103 99.070 20.089
201503 16.532 99.621 21.868
201506 17.711 100.684 23.180
201509 18.876 100.392 24.777
201512 19.453 99.792 25.688
201603 20.806 100.470 27.289
201606 21.887 101.688 28.363
201609 22.657 101.861 29.311
201612 22.372 101.863 28.942
201703 12.775 102.862 16.366
201706 12.484 103.349 15.918
201709 0.000 104.136 0.000
201712 12.681 104.011 16.066
201803 12.599 105.290 15.768
201806 12.855 106.317 15.933
201809 12.858 106.507 15.909
201812 12.185 105.998 15.148
201903 12.285 107.251 15.094
201906 11.865 108.070 14.468
201909 11.121 108.329 13.528
201912 10.938 108.420 13.294
202003 10.767 108.902 13.029
202006 11.319 108.767 13.713
202009 11.358 109.815 13.629
202012 11.150 109.897 13.370
202103 11.863 111.754 13.988
202106 12.995 114.631 14.939
202109 13.706 115.734 15.606
202112 13.472 117.630 15.092
202203 14.337 121.301 15.575
202206 14.695 125.017 15.490
202209 15.774 125.227 16.599
202212 16.553 125.222 17.419
202303 17.845 127.348 18.466
202306 18.283 128.729 18.716
202309 18.608 129.860 18.883
202312 18.492 129.419 18.829
202403 19.359 131.776 19.359

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


FrieslandCampina Engro Pakistan  (KAR:FCEPL) 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.

FrieslandCampina Engro Pakistan's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=72.53/17.82
=4.07

* 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 FrieslandCampina Engro Pakistan was 5.65. The lowest was 3.09. And the median was 3.96.


Be Aware

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


FrieslandCampina Engro Pakistan Cyclically Adjusted Book per Share Related Terms

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


FrieslandCampina Engro Pakistan (KAR:FCEPL) Business Description

Traded in Other Exchanges
N/A
Address
Harbor Front Building, 5th Floor, HC-3, Near Marine Drive, Block - 4, Clifton, Karachi, PAK, 75600
FrieslandCampina Engro Pakistan Ltd is involved in the business of manufacturing, process, and selling dairy products, beverages, ice cream, and frozen desserts. It also owns and operates dairy farms. It sells its products under the brand name Olper's, Dairy Omung, Omore, and others. Its operating segment of the company is Dairy-Based products & frozen desserts out of which the majority comes from Dairy-Based products.

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