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National Beverage (STU:20V) Cyclically Adjusted Book per Share : €3.59 (As of Jan. 2024)


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What is National Beverage 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.

National Beverage's adjusted book value per share for the three months ended in Jan. 2024 was €5.006. 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 €3.59 for the trailing ten years ended in Jan. 2024.

During the past 12 months, National Beverage's average Cyclically Adjusted Book Growth Rate was 13.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.50% 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 National Beverage was 16.10% per year. The lowest was -4.00% per year. And the median was 7.70% per year.

As of today (2024-05-17), National Beverage's current stock price is €43.60. National Beverage's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €3.59. National Beverage's Cyclically Adjusted PB Ratio of today is 12.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of National Beverage was 36.70. The lowest was 4.79. And the median was 14.32.


National Beverage Cyclically Adjusted Book per Share Historical Data

The historical data trend for National Beverage'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.

National Beverage Cyclically Adjusted Book per Share Chart

National Beverage Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 2.08 2.23 3.06 3.16

National Beverage Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.00 3.16 3.26 3.43 3.59

Competitive Comparison of National Beverage's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, National Beverage'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.


National Beverage's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

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

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



National Beverage 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, National Beverage's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=5.006/130.1244*130.1244
=5.006

Current CPI (Jan. 2024) = 130.1244.

National Beverage Quarterly Data

Book Value per Share CPI Adj_Book
201404 0.827 100.023 1.076
201407 0.922 100.520 1.194
201410 1.098 100.176 1.426
201501 1.274 98.604 1.681
201504 1.469 99.824 1.915
201507 1.593 100.691 2.059
201510 1.714 100.346 2.223
201601 1.908 99.957 2.484
201604 1.949 100.947 2.512
201607 2.289 101.524 2.934
201610 2.546 101.988 3.248
201701 2.183 102.456 2.773
201704 2.458 103.167 3.100
201707 1.985 103.278 2.501
201710 2.290 104.070 2.863
201801 2.581 104.578 3.211
201804 2.896 105.708 3.565
201807 3.472 106.324 4.249
201810 3.888 106.695 4.742
201901 2.867 106.200 3.513
201904 3.162 107.818 3.816
201907 3.502 108.250 4.210
201910 3.868 108.577 4.636
202001 4.079 108.841 4.877
202004 4.462 108.173 5.367
202007 4.746 109.318 5.649
202010 5.083 109.861 6.021
202101 2.779 110.364 3.277
202104 3.188 112.673 3.682
202107 3.700 115.183 4.180
202110 4.126 116.696 4.601
202201 1.952 118.619 2.141
202204 2.374 121.978 2.533
202207 2.780 125.002 2.894
202210 3.207 125.734 3.319
202301 3.373 126.223 3.477
202304 3.637 127.992 3.698
202307 4.086 128.974 4.122
202310 4.736 129.810 4.747
202401 5.006 130.124 5.006

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


National Beverage  (STU:20V) 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.

National Beverage's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=43.60/3.59
=12.14

* 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 National Beverage was 36.70. The lowest was 4.79. And the median was 14.32.


Be Aware

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


National Beverage Cyclically Adjusted Book per Share Related Terms

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


National Beverage (STU:20V) Business Description

Traded in Other Exchanges
Address
8100 SW Tenth Street, Suite 4000, Fort Lauderdale, FL, USA, 33324
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for big-box retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants). It is controlled by chairman and CEO Nick Caporella, who owns over 73% of the common stock.

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