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Treehouse Foods (STU:T4H) Cyclically Adjusted Book per Share : €41.71 (As of Mar. 2024)


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What is Treehouse Foods 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.

Treehouse Foods's adjusted book value per share for the three months ended in Mar. 2024 was €27.862. 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 €41.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Treehouse Foods's average Cyclically Adjusted Book Growth Rate was 0.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.20% 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 Treehouse Foods was 10.30% per year. The lowest was 3.70% per year. And the median was 5.30% per year.

As of today (2024-05-24), Treehouse Foods's current stock price is €32.40. Treehouse Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €41.71. Treehouse Foods's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Treehouse Foods was 3.35. The lowest was 0.70. And the median was 1.37.


Treehouse Foods Cyclically Adjusted Book per Share Historical Data

The historical data trend for Treehouse Foods'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.

Treehouse Foods Cyclically Adjusted Book per Share Chart

Treehouse Foods 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 34.65 32.65 37.12 41.01 40.35

Treehouse Foods 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 41.44 42.00 42.78 40.35 41.71

Competitive Comparison of Treehouse Foods's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Treehouse Foods'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.


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

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

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



Treehouse Foods 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, Treehouse Foods'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)
=27.862/131.7762*131.7762
=27.862

Current CPI (Mar. 2024) = 131.7762.

Treehouse Foods Quarterly Data

Book Value per Share CPI Adj_Book
201406 26.533 100.560 34.770
201409 31.551 100.428 41.400
201412 33.442 99.070 44.482
201503 38.056 99.621 50.339
201506 37.348 100.684 48.881
201509 37.609 100.392 49.366
201512 39.483 99.792 52.137
201603 43.272 100.470 56.755
201606 43.145 101.688 55.911
201609 43.777 101.861 56.634
201612 41.810 101.863 54.088
201703 41.879 102.862 53.651
201706 39.566 103.349 50.449
201709 38.097 104.136 48.209
201712 33.790 104.011 42.810
201803 31.919 105.290 39.949
201806 33.229 106.317 41.186
201809 33.450 106.507 41.386
201812 33.904 105.998 42.149
201903 33.435 107.251 41.081
201906 31.232 108.070 38.083
201909 29.179 108.329 35.494
201912 29.320 108.420 35.636
202003 28.692 108.902 34.719
202006 28.348 108.767 34.345
202009 27.458 109.815 32.949
202012 27.425 109.897 32.885
202103 27.868 111.754 32.861
202106 27.694 114.631 31.836
202109 28.300 115.734 32.223
202112 29.268 117.630 32.788
202203 29.961 121.301 32.548
202206 30.637 125.017 32.293
202209 30.876 125.227 32.491
202212 28.387 125.222 29.873
202303 28.275 127.348 29.258
202306 28.392 128.729 29.064
202309 28.734 129.860 29.158
202312 28.219 129.419 28.733
202403 27.862 131.776 27.862

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


Treehouse Foods  (STU:T4H) 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.

Treehouse Foods's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.40/41.71
=0.78

* 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 Treehouse Foods was 3.35. The lowest was 0.70. And the median was 1.37.


Be Aware

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


Treehouse Foods Cyclically Adjusted Book per Share Related Terms

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


Treehouse Foods (STU:T4H) Business Description

Traded in Other Exchanges
Address
2021 Spring Road, Suite 600, Oak Brook, IL, USA, 60523
TreeHouse Foods, the largest private label manufacturer in the U.S., is the product of a slew of acquisitions, the most significant being the 2016 acquisition of Ralcorp, Conagra's former private brands business. The firm plays in over 25 categories, including snacks like pretzels and cookies, meals like pasta and dry dinners, and single-serve beverages like pods and ready-to-drink coffee. Retailers represent its most significant end-market, where it sells products for resale under retailer brands, but it also serves foodservice customers (providing a similar service as its retail business), industrial (selling bulk food for repackaging and repurposing), and branded consumer goods firms (under co-packing arrangements). Over 90% of its revenue comes from the U.S.

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