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Associated British Foods (Associated British Foods) Cyclically Adjusted PB Ratio : 1.94 (As of Apr. 30, 2024)


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What is Associated British Foods Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Associated British Foods's current share price is $32.78. Associated British Foods's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug23 was $16.89. Associated British Foods's Cyclically Adjusted PB Ratio for today is 1.94.

The historical rank and industry rank for Associated British Foods's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASBFY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 2.79   Max: 4.82
Current: 2.01

During the past 13 years, Associated British Foods's highest Cyclically Adjusted PB Ratio was 4.82. The lowest was 1.04. And the median was 2.79.

ASBFY's Cyclically Adjusted PB Ratio is ranked worse than
66.69% of 1237 companies
in the Consumer Packaged Goods industry
Industry Median: 1.33 vs ASBFY: 2.01

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.

Associated British Foods's adjusted book value per share data of for the fiscal year that ended in Aug23 was $18.336. 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 $16.89 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Associated British Foods Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Associated British Foods's Cyclically Adjusted PB Ratio 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.

Associated British Foods Cyclically Adjusted PB Ratio Chart

Associated British Foods Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 2.06 1.87 1.27 1.51

Associated British Foods Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Cyclically Adjusted PB Ratio 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 - 1.27 - 1.51 -

Competitive Comparison of Associated British Foods's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Associated British 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.


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

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

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



Associated British Foods Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Associated British Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.78/16.89
=1.94

* 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.

Associated British Foods's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Associated British Foods's adjusted Book Value per Share data for the fiscal year that ended in Aug23 was:

Adj_Book=Book Value per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=18.336/129.4000*129.4000
=18.336

Current CPI (Aug23) = 129.4000.

Associated British Foods Annual Data

Book Value per Share CPI Adj_Book
201408 13.538 99.900 17.536
201508 12.437 100.300 16.045
201608 11.678 101.200 14.932
201708 13.644 104.000 16.976
201808 14.974 106.500 18.194
201908 14.525 108.300 17.355
202008 15.528 108.800 18.468
202108 17.285 112.100 19.953
202208 17.318 121.800 18.399
202308 18.336 129.400 18.336

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


Associated British Foods  (OTCPK:ASBFY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Associated British Foods Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Associated British Foods's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Associated British Foods (Associated British Foods) Business Description

Address
10 Grosvenor Street, Weston Centre, London, GBR, W1K 4QY
Associated British Foods is a diversified international retail, food, and ingredients group with 130,000 employees and operations in 50 countries across Europe, southern Africa, the Americas, Asia, and Australia. The group sells branded grocery products, grows and processes sugar, supplies farmers with crop input and animal feed, and runs the popular Primark clothing retail chain. It also supplies ingredients like baker's yeast, enzymes, lipids, and cereal specialities. Some 40% of sales are in the U.K., and Primark generates more than half of the firm's operating profit.

Associated British Foods (Associated British Foods) Headlines

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