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GrumaB de CV (MEX:GRUMAB) Cyclically Adjusted Book per Share : MXN77.47 (As of Mar. 2024)


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What is GrumaB de CV 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.

GrumaB de CV's adjusted book value per share for the three months ended in Mar. 2024 was MXN84.942. 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 MXN77.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GrumaB de CV's average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.90% 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 GrumaB de CV was 14.80% per year. The lowest was -2.90% per year. And the median was 6.80% per year.

As of today (2024-06-22), GrumaB de CV's current stock price is MXN331.63. GrumaB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN77.47. GrumaB de CV's Cyclically Adjusted PB Ratio of today is 4.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GrumaB de CV was 9.22. The lowest was 2.06. And the median was 4.61.


GrumaB de CV Cyclically Adjusted Book per Share Historical Data

The historical data trend for GrumaB de CV'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.

GrumaB de CV Cyclically Adjusted Book per Share Chart

GrumaB de CV 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 46.62 53.24 61.66 68.53 75.62

GrumaB de CV 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 70.52 71.36 73.38 75.62 77.47

Competitive Comparison of GrumaB de CV's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, GrumaB de CV'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.


GrumaB de CV's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



GrumaB de CV 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, GrumaB de CV'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)
=84.942/152.9470*152.9470
=84.942

Current CPI (Mar. 2024) = 152.9470.

GrumaB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201406 33.891 96.609 53.655
201409 34.254 97.652 53.650
201412 38.322 99.469 58.925
201503 40.100 99.973 61.348
201506 42.114 99.382 64.812
201509 45.653 100.112 69.747
201512 39.192 101.588 59.006
201603 42.509 102.573 63.385
201606 46.065 101.905 69.138
201609 50.267 103.084 74.582
201612 54.894 105.002 79.959
201703 55.749 108.063 78.904
201706 52.979 108.339 74.793
201709 53.379 109.628 74.472
201712 60.343 112.114 82.321
201803 60.338 113.505 81.305
201806 59.171 113.373 79.825
201809 59.638 115.130 79.227
201812 61.613 117.530 80.180
201903 62.579 118.050 81.078
201906 60.394 117.848 78.381
201909 63.394 118.581 81.766
201912 63.852 120.854 80.808
202003 71.416 121.885 89.616
202006 69.402 121.777 87.166
202009 72.845 123.341 90.330
202012 71.515 124.661 87.742
202103 72.910 127.574 87.411
202106 71.724 128.936 85.081
202109 74.495 130.742 87.147
202112 77.383 133.830 88.437
202203 77.811 137.082 86.816
202206 72.567 139.233 79.715
202209 73.667 142.116 79.281
202212 75.494 144.291 80.023
202303 75.186 146.472 78.510
202306 72.264 146.272 75.562
202309 78.214 148.446 80.585
202312 84.632 151.017 85.714
202403 84.942 152.947 84.942

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


GrumaB de CV  (MEX:GRUMAB) 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.

GrumaB de CV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=331.63/77.47
=4.28

* 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 GrumaB de CV was 9.22. The lowest was 2.06. And the median was 4.61.


Be Aware

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


GrumaB de CV Cyclically Adjusted Book per Share Related Terms

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


GrumaB de CV (MEX:GRUMAB) Business Description

Traded in Other Exchanges
Address
Calzada del Valle, 407 Ote., Colonia Del Valle, San Pedro Garza Garcia, NL, MEX, 66220
Gruma SAB de CV is an international food production company, originally from Mexico. The product portfolio is large: corn and flour tortillas, wheat flour, naan, pita bread, flatbreads, wraps, chapatti, and pizza bases, along with other food products, such as snacks, pasta, rice, condiments, and palm hearts. The company has operations in America, Europe, Asia, and Oceania, and is present in over 100 countries across the globe. Its well-known brands are Maseca, Robin Hood, Mission, Guerrero, Tortiricas and Tosty.

GrumaB de CV (MEX:GRUMAB) Headlines

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