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Kellanova (MEX:K) Cyclically Adjusted Book per Share : MXN209.55 (As of Mar. 2025)


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What is Kellanova 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.

Kellanova's adjusted book value per share for the three months ended in Mar. 2025 was MXN230.859. 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 MXN209.55 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Kellanova's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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 Kellanova was 9.00% per year. The lowest was -6.30% per year. And the median was 4.40% per year.

As of today (2025-05-18), Kellanova's current stock price is MXN1600.00. Kellanova's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN209.55. Kellanova's Cyclically Adjusted PB Ratio of today is 7.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kellanova was 11.40. The lowest was 4.93. And the median was 7.92.


Kellanova Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kellanova'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.

Kellanova Cyclically Adjusted Book per Share Chart

Kellanova 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 152.99 175.72 196.98 162.44 210.58

Kellanova 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 172.32 187.37 192.86 210.58 209.55

Competitive Comparison of Kellanova's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Kellanova'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.


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

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

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


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Kellanova 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, Kellanova'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)
=230.859/134.9266*134.9266
=230.859

Current CPI (Mar. 2025) = 134.9266.

Kellanova Quarterly Data

Book Value per Share CPI Adj_Book
201506 117.877 100.684 157.967
201509 127.117 100.392 170.846
201512 104.538 99.792 141.343
201603 99.890 100.470 134.147
201606 105.450 101.688 139.918
201609 120.709 101.861 159.893
201612 112.167 101.863 148.576
201703 107.917 102.862 141.557
201706 95.813 103.349 125.088
201709 101.366 104.136 131.338
201712 123.769 104.011 160.557
201803 132.880 105.290 170.283
201806 160.707 106.317 203.953
201809 164.302 106.507 208.144
201812 148.519 105.998 189.052
201903 144.091 107.251 181.274
201906 149.277 108.070 186.375
201909 157.835 108.329 196.587
201912 151.689 108.420 188.774
202003 182.975 108.902 226.702
202006 193.182 108.767 239.644
202009 195.643 109.815 240.381
202012 180.010 109.897 221.009
202103 188.384 111.754 227.445
202106 196.328 114.631 231.087
202109 210.006 115.734 244.831
202112 223.542 117.630 256.413
202203 223.641 121.301 248.762
202206 241.454 125.017 260.594
202209 252.439 125.227 271.993
202212 224.792 125.222 242.214
202303 213.087 127.348 225.768
202306 198.557 128.729 208.117
202309 205.665 129.860 213.690
202312 158.236 129.419 164.969
202403 153.406 131.776 157.074
202406 176.999 132.554 180.167
202409 208.500 133.029 211.474
202412 228.132 133.157 231.164
202503 230.859 134.927 230.859

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


Kellanova  (MEX:K) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1600.00/209.55
=7.64

* 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 Kellanova was 11.40. The lowest was 4.93. And the median was 7.92.


Be Aware

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


Kellanova Cyclically Adjusted Book per Share Related Terms

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


Kellanova Business Description

Industry
Address
412 N. Wells Street, Chicago, IL, USA, 60654
Following its split from the North American cereal business in October 2023, Kellanova (previously the global snacking arm of Kellogg) has operated as a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in over 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about nearly two thirds of Kellanova's consolidated sales base. Mars is slated to acquire the recently independent business in a nearly $36 billion deal in the first half of calendar 2025.