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Bakkafrost P/F (Bakkafrost P/F) Cyclically Adjusted PB Ratio : 3.35 (As of Jun. 19, 2024)


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What is Bakkafrost P/F Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Bakkafrost P/F's current share price is $13.30. Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.97. Bakkafrost P/F's Cyclically Adjusted PB Ratio for today is 3.35.

The historical rank and industry rank for Bakkafrost P/F's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKFKY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.93   Med: 7.47   Max: 11.13
Current: 3.32

During the past years, Bakkafrost P/F's highest Cyclically Adjusted PB Ratio was 11.13. The lowest was 2.93. And the median was 7.47.

BKFKY's Cyclically Adjusted PB Ratio is ranked worse than
79.01% of 1372 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs BKFKY: 3.32

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.

Bakkafrost P/F's adjusted book value per share data for the three months ended in Mar. 2024 was $6.964. 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 $3.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bakkafrost P/F Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bakkafrost P/F'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.

Bakkafrost P/F Cyclically Adjusted PB Ratio Chart

Bakkafrost P/F Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.13 7.27 5.32 4.48 3.21

Bakkafrost P/F Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.65 4.18 3.41 3.21 3.99

Competitive Comparison of Bakkafrost P/F's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Bakkafrost P/F'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.


Bakkafrost P/F's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bakkafrost P/F's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bakkafrost P/F's Cyclically Adjusted PB Ratio falls into.



Bakkafrost P/F 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.

Bakkafrost P/F's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.30/3.97
=3.35

* 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.

Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bakkafrost P/F'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)
=6.964/131.7762*131.7762
=6.964

Current CPI (Mar. 2024) = 131.7762.

Bakkafrost P/F Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.561 100.560 2.046
201409 1.686 100.428 2.212
201412 1.759 99.070 2.340
201503 1.655 99.621 2.189
201506 1.642 100.684 2.149
201509 1.749 100.392 2.296
201512 1.936 99.792 2.556
201603 2.150 100.470 2.820
201606 2.045 101.688 2.650
201609 2.320 101.861 3.001
201612 2.586 101.863 3.345
201703 2.678 102.862 3.431
201706 2.791 103.349 3.559
201709 3.010 104.136 3.809
201712 2.961 104.011 3.751
201803 3.307 105.290 4.139
201806 2.997 106.317 3.715
201809 3.276 106.507 4.053
201812 3.190 105.998 3.966
201903 3.331 107.251 4.093
201906 3.168 108.070 3.863
201909 4.150 108.329 5.048
201912 5.237 108.420 6.365
202003 5.084 108.902 6.152
202006 5.481 108.767 6.640
202009 5.875 109.815 7.050
202012 6.044 109.897 7.247
202103 6.220 111.754 7.334
202106 6.443 114.631 7.407
202109 6.377 115.734 7.261
202112 6.011 117.630 6.734
202203 5.920 121.301 6.431
202206 6.176 125.017 6.510
202209 5.919 125.227 6.229
202212 6.260 125.222 6.588
202303 6.621 127.348 6.851
202306 6.313 128.729 6.462
202309 6.332 129.860 6.425
202312 6.710 129.419 6.832
202403 6.964 131.776 6.964

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.


Bakkafrost P/F  (OTCPK:BKFKY) 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.


Bakkafrost P/F Cyclically Adjusted PB Ratio Related Terms

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


Bakkafrost P/F (Bakkafrost P/F) Business Description

Address
Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625
Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into three segments. The fish farming segment involves the breeding, processing, sales, and distribution of salmon and contributes to the majority of the group revenue. The value-added products segment produces skinless and boneless portions of salmon. The fishmeal, oil and feed segment is engaged in the production and sale of fishmeal, fish oil and fish feed through Bakkafrost's subsidiary Havsbrun.

Bakkafrost P/F (Bakkafrost P/F) Headlines

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