GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Constellation Brands Inc (MIL:1STZ) » Definitions » Cyclically Adjusted Book per Share

Constellation Brands (MIL:1STZ) Cyclically Adjusted Book per Share : €56.87 (As of Feb. 2025)


View and export this data going back to 2023. Start your Free Trial

What is Constellation Brands 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.

Constellation Brands's adjusted book value per share for the three months ended in Feb. 2025 was €37.071. 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 €56.87 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Constellation Brands's average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 15.20% 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 Constellation Brands was 24.10% per year. The lowest was 8.00% per year. And the median was 13.90% per year.

As of today (2025-05-30), Constellation Brands's current stock price is €158.30. Constellation Brands's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was €56.87. Constellation Brands's Cyclically Adjusted PB Ratio of today is 2.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Constellation Brands was 10.14. The lowest was 2.76. And the median was 5.78.


Constellation Brands Cyclically Adjusted Book per Share Historical Data

The historical data trend for Constellation Brands'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.

Constellation Brands Cyclically Adjusted Book per Share Chart

Constellation Brands Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 56.87

Constellation Brands Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 - - 53.42 54.10 56.87

Competitive Comparison of Constellation Brands's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Constellation Brands'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.


Constellation Brands's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Constellation Brands's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Constellation Brands 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, Constellation Brands's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book= Book Value per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=37.071/134.6241*134.6241
=37.071

Current CPI (Feb. 2025) = 134.6241.

Constellation Brands Quarterly Data

Book Value per Share CPI Adj_Book
201505 27.236 100.333 36.545
201508 27.751 100.548 37.156
201511 30.372 100.135 40.833
201602 29.664 100.040 39.919
201605 30.193 101.355 40.104
201608 31.848 101.617 42.193
201611 32.687 101.829 43.214
201702 33.252 102.779 43.555
201705 34.249 103.256 44.654
201708 34.335 103.587 44.623
201711 34.980 104.072 45.249
201802 33.767 105.052 43.272
201805 46.720 106.148 59.254
201808 51.514 106.383 65.189
201811 52.175 106.338 66.054
201902 57.808 106.649 72.972
201905 56.815 108.048 70.790
201908 53.383 108.245 66.393
201911 55.296 108.519 68.598
202002 57.695 109.139 71.167
202005 52.588 108.175 65.446
202008 50.967 109.662 62.568
202011 58.085 109.793 71.221
202102 57.967 110.968 70.324
202105 52.421 113.576 62.136
202108 50.472 115.421 58.869
202111 51.885 117.269 59.564
202202 54.429 119.703 61.214
202205 57.115 123.323 62.349
202208 50.233 124.958 54.119
202211 44.597 125.607 47.798
202302 42.890 126.928 45.491
202305 43.093 128.314 45.212
202308 46.882 129.538 48.723
202311 47.869 129.548 49.745
202402 49.378 130.930 50.771
202405 51.995 132.509 52.825
202408 39.329 132.816 39.864
202411 40.748 133.110 41.212
202502 37.071 134.624 37.071

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


Constellation Brands  (MIL:1STZ) 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.

Constellation Brands's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=158.30/56.87
=2.78

* 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 Constellation Brands was 10.14. The lowest was 2.76. And the median was 5.78.


Be Aware

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


Constellation Brands Cyclically Adjusted Book per Share Related Terms

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


Constellation Brands Business Description

Address
50 East Broad Street, Rochester, NY, USA, 14614
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 82% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the us, the firm has little revenue exposure to international markets. Constellation owns a 26% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Constellation Brands Headlines

No Headlines