GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kellanova Co (MEX:K) » Definitions » Cyclically Adjusted Book per Share

Kellanova Co (MEX:K) Cyclically Adjusted Book per Share : MXN172.32 (As of Mar. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Kellanova Co 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 Co's adjusted book value per share for the three months ended in Mar. 2024 was MXN153.406. 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 MXN172.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kellanova Co's average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 10 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 Kellanova Co was 9.00% per year. The lowest was -6.30% per year. And the median was 3.70% per year.

As of today (2024-06-22), Kellanova Co's current stock price is MXN1077.50. Kellanova Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN172.32. Kellanova Co's Cyclically Adjusted PB Ratio of today is 6.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kellanova Co was 11.40. The lowest was 4.93. And the median was 8.22.


Kellanova Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kellanova Co'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 Co Cyclically Adjusted Book per Share Chart

Kellanova Co 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 - 152.99 175.72 196.98 162.44

Kellanova Co 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 176.48 167.26 177.39 162.44 172.32

Competitive Comparison of Kellanova Co's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Kellanova Co'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 Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Kellanova Co 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 Co'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)
=153.406/131.7762*131.7762
=153.406

Current CPI (Mar. 2024) = 131.7762.

Kellanova Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 135.171 100.560 177.132
201409 127.954 100.428 167.895
201412 115.555 99.070 153.704
201503 109.954 99.621 145.444
201506 117.877 100.684 154.279
201509 127.117 100.392 166.857
201512 104.538 99.792 138.043
201603 99.890 100.470 131.015
201606 105.450 101.688 136.651
201609 120.709 101.861 156.160
201612 112.167 101.863 145.107
201703 107.917 102.862 138.252
201706 95.813 103.349 122.167
201709 101.366 104.136 128.271
201712 123.769 104.011 156.808
201803 132.880 105.290 166.307
201806 160.707 106.317 199.191
201809 164.302 106.507 203.284
201812 148.519 105.998 184.638
201903 144.091 107.251 177.041
201906 149.277 108.070 182.023
201909 157.835 108.329 191.997
201912 151.689 108.420 184.366
202003 182.975 108.902 221.409
202006 193.182 108.767 234.048
202009 195.643 109.815 234.769
202012 180.010 109.897 215.848
202103 188.384 111.754 222.135
202106 196.328 114.631 225.692
202109 210.006 115.734 239.115
202112 223.542 117.630 250.426
202203 223.641 121.301 242.954
202206 241.454 125.017 254.509
202209 252.439 125.227 265.642
202212 224.792 125.222 236.558
202303 213.087 127.348 220.497
202306 198.557 128.729 203.258
202309 205.665 129.860 208.701
202312 158.236 129.419 161.118
202403 153.406 131.776 153.406

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


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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1077.50/172.32
=6.25

* 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 Co was 11.40. The lowest was 4.93. And the median was 8.22.


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 Co Cyclically Adjusted Book per Share Related Terms

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


Kellanova Co (MEX:K) Business Description

Address
412 N. Wells Street, Chicago, IL, USA, 60654
Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is 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 more than 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 half of Kellanova's consolidated sales base.

Kellanova Co (MEX:K) Headlines

From GuruFocus

Kellogg Co Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q2 2021 Kellogg Co Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 Kellogg Co Earnings Call Transcript

By GuruFocus Research 01-23-2024

Kellogg Co Investor Day Transcript

By GuruFocus Research 01-23-2024

Kellogg Co Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q3 2023 Kellanova Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2022 Kellogg Co Earnings Call Transcript

By GuruFocus Research 01-23-2024