GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » US Foods Holding Corp (NYSE:USFD) » Definitions » Cyclically Adjusted Book per Share

US Foods Holding (US Foods Holding) Cyclically Adjusted Book per Share : $16.65 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is US Foods Holding 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.

US Foods Holding's adjusted book value per share for the three months ended in Dec. 2023 was $19.368. 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 $16.65 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-30), US Foods Holding's current stock price is $51.50. US Foods Holding's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $16.65. US Foods Holding's Cyclically Adjusted PB Ratio of today is 3.09.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of US Foods Holding was 3.24. The lowest was 2.72. And the median was 3.04.


US Foods Holding Cyclically Adjusted Book per Share Historical Data

The historical data trend for US Foods Holding'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.

US Foods Holding Cyclically Adjusted Book per Share Chart

US Foods Holding 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 - - - - 16.65

US Foods Holding Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - 16.65

Competitive Comparison of US Foods Holding's Cyclically Adjusted Book per Share

For the Food Distribution subindustry, US Foods Holding'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.


US Foods Holding's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, US Foods Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



US Foods Holding 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, US Foods Holding's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=19.368/129.4194*129.4194
=19.368

Current CPI (Dec. 2023) = 129.4194.

US Foods Holding Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 96.871 0.000
201312 9.566 98.326 12.591
201409 0.000 100.428 0.000
201412 8.415 99.070 10.993
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 9.880 100.392 12.737
201512 8.768 99.792 11.371
201603 5.720 100.470 7.368
201606 10.643 101.688 13.545
201609 11.302 101.861 14.360
201612 11.486 101.863 14.593
201703 11.597 102.862 14.591
201706 11.767 103.349 14.735
201709 12.230 104.136 15.199
201712 12.798 104.011 15.924
201803 13.179 105.290 16.199
201806 13.918 106.317 16.942
201809 14.481 106.507 17.596
201812 14.880 105.998 18.168
201903 15.183 107.251 18.321
201906 15.685 108.070 18.784
201909 16.242 108.329 19.404
201912 16.859 108.420 20.124
202003 16.282 108.902 19.350
202006 15.909 108.767 18.930
202009 15.905 109.815 18.744
202012 15.973 109.897 18.811
202103 15.766 111.754 18.258
202106 16.095 114.631 18.171
202109 16.359 115.734 18.293
202112 16.749 117.630 18.428
202203 16.616 121.301 17.728
202206 16.982 125.017 17.580
202209 17.453 125.227 18.037
202212 17.604 125.222 18.194
202303 17.966 127.348 18.258
202306 18.655 128.729 18.755
202309 19.050 129.860 18.985
202312 19.368 129.419 19.368

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


US Foods Holding  (NYSE:USFD) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=51.50/16.65
=3.09

* 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 12 years, the highest Cyclically Adjusted PB Ratio of US Foods Holding was 3.24. The lowest was 2.72. And the median was 3.04.


Be Aware

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


US Foods Holding Cyclically Adjusted Book per Share Related Terms

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


US Foods Holding (US Foods Holding) Business Description

Traded in Other Exchanges
Address
9399 West Higgins Road, Suite 100, Rosemont, IL, USA, 60018
us Foods is the second-largest U.S. food service distributor behind Sysco, holding 11% market share of the highly fragmented food service distribution industry. us Foods distributes more than 400,000 food and nonfood products to the healthcare and hospitality industries (collectively 22% of 2021 sales), restaurants (61%), and education, government facilities, and grocers (17%). In addition to its delivery business, the firm has 80 cash-and- carry stores under the Chef'Store banner. After Sysco's attempt to purchase us Foods failed to gain federal approval in 2015, us Foods entered the public market via an initial public offering.
Executives
Scott D. Ferguson director 250 WEST 55TH STREET, 34TH FLOOR, NEW YORK NY 10019
Poe David L Jr officer: EVP, Chief Merchant 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
Martha Ha officer: EVP, General Counsel 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
James D Sturgell officer: EVP, Chief Commercial Officer 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
Randy J Taylor officer: EVP, Field Operations 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
Steven Guberman officer: Chief Merchandising Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., STE 100, ROSEMONT IL 60018
Andrew E. Iacobucci officer: Chief Merchandising Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., ROSEMONT IL 60018
Kkr Group Co. Inc. 10 percent owner 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Fresh Holdings L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Partnership L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Sunil Gupta director C/O US FOODS HOLDING CORP., 9399 W HIGGINS RD, SUITE 100, ROSEMONT IL 60018
Jay Kvasnicka officer: See Remarks C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., STE 100, ROSEMONT IL 60018
David E Flitman officer: Chief Executive Officer C/O NALCO COMPANY, 1601 WEST DIEHL ROAD, NAPERVILLE IL 60563
Works James David Jr officer: EVP & CHRO 4001 RODNEY PARHAM RD, LITTLE ROCK AR 72212
Dirk J. Locascio officer: Chief Financial Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., ROSEMONT IL 60018