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Adecoagro (MEX:AGRON N) Cyclically Adjusted Book per Share : MXN113.71 (As of Mar. 2025)


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What is Adecoagro 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.

Adecoagro's adjusted book value per share for the three months ended in Mar. 2025 was MXN290.533. 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 MXN113.71 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Adecoagro's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.10% 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 Adecoagro was 6.20% per year. The lowest was 2.40% per year. And the median was 4.20% per year.

As of today (2025-07-24), Adecoagro's current stock price is MXN134.69. Adecoagro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN113.71. Adecoagro's Cyclically Adjusted PB Ratio of today is 1.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Adecoagro was 1.66. The lowest was 0.48. And the median was 1.06.


Adecoagro Cyclically Adjusted Book per Share Historical Data

The historical data trend for Adecoagro'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.

Adecoagro Cyclically Adjusted Book per Share Chart

Adecoagro Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 149.15 133.29 130.30 103.26 130.12

Adecoagro Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 106.70 122.79 109.87 130.12 113.71

Competitive Comparison of Adecoagro's Cyclically Adjusted Book per Share

For the Farm Products subindustry, Adecoagro'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.


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

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

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


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Adecoagro 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, Adecoagro's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=290.533/124.2100*124.2100
=290.533

Current CPI (Mar. 2025) = 124.2100.

Adecoagro Quarterly Data

Book Value per Share CPI Adj_Book
201506 88.391 100.640 109.092
201509 74.478 100.380 92.159
201512 73.852 99.910 91.814
201603 80.235 100.030 99.630
201606 94.878 100.660 117.075
201609 101.836 100.750 125.549
201612 119.188 101.040 146.520
201703 108.150 101.780 131.984
201706 99.926 102.170 121.482
201709 104.473 102.520 126.576
201712 112.408 102.410 136.336
201803 96.681 102.900 116.703
201806 85.809 103.650 102.830
201809 163.468 104.580 194.151
201812 179.180 104.320 213.343
201903 174.860 105.140 206.576
201906 181.443 105.550 213.520
201909 160.465 105.900 188.209
201912 159.189 106.080 186.396
202003 170.703 106.040 199.953
202006 161.282 106.340 188.385
202009 158.348 106.620 184.472
202012 156.875 106.670 182.670
202103 161.781 108.140 185.822
202106 162.765 108.680 186.024
202109 175.256 109.470 198.854
202112 186.813 111.090 208.876
202203 203.390 114.780 220.100
202206 199.904 116.750 212.677
202209 207.022 117.000 219.780
202212 202.921 117.060 215.315
202303 195.316 118.910 204.022
202306 193.267 120.460 199.284
202309 206.033 121.740 210.213
202312 196.815 121.170 201.753
202403 219.745 122.590 222.649
202406 243.615 123.120 245.772
202409 272.707 123.300 274.720
202412 285.392 122.430 289.541
202503 290.533 124.210 290.533

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


Adecoagro  (MEX:AGRON N) 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.

Adecoagro's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=134.69/113.71
=1.18

* 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 Adecoagro was 1.66. The lowest was 0.48. And the median was 1.06.


Be Aware

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


Adecoagro Cyclically Adjusted Book per Share Related Terms

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


Adecoagro Business Description

Traded in Other Exchanges
Address
28, Boulevard F.W, Raiffeisen, LUX, L-2411
Adecoagro SA is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations sugar, ethanol, energy production, and land transformation. The group operates in two lines of business, namely, Farming and Sugar, Ethanol and Energy. The Farming is further comprised of three reportable segments: Crops, Rice and Dairy. Sugar, Ethanol and Energy Segment, consists of cultivating sugarcane, which is processed in owned sugar mills, transformed into ethanol, sugar and electricity, in addition to biomethane and then marketed.

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