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Vietnam Dairy Products JSC (BKK:VNM19) Cyclically Adjusted PB Ratio : 3.31 (As of May. 29, 2025)


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What is Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio?

As of today (2025-05-29), Vietnam Dairy Products JSC's current share price is ฿7.15. Vietnam Dairy Products JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ฿2.16. Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio for today is 3.31.

The historical rank and industry rank for Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:VNM19' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.45   Med: 5.28   Max: 10.2
Current: 3.45

During the past years, Vietnam Dairy Products JSC's highest Cyclically Adjusted PB Ratio was 10.20. The lowest was 3.45. And the median was 5.28.

BKK:VNM19's Cyclically Adjusted PB Ratio is ranked worse than
80.12% of 1288 companies
in the Consumer Packaged Goods industry
Industry Median: 1.325 vs BKK:VNM19: 3.45

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.

Vietnam Dairy Products JSC's adjusted book value per share data for the three months ended in Mar. 2025 was ฿20.896. 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 ฿2.16 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vietnam Dairy Products JSC'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.

Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio Chart

Vietnam Dairy Products JSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.71 6.78 5.44 4.54 4.04

Vietnam Dairy Products JSC Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.43 4.24 4.50 4.04 3.80

Competitive Comparison of Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Vietnam Dairy Products JSC'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.


Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio falls into.


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Vietnam Dairy Products JSC 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.

Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.15/2.16
=3.31

* 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.

Vietnam Dairy Products JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Vietnam Dairy Products JSC's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=20.896/134.9266*134.9266
=20.896

Current CPI (Mar. 2025) = 134.9266.

Vietnam Dairy Products JSC Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.154 100.684 17.628
201509 11.867 100.392 15.949
201512 12.932 99.792 17.485
201603 14.148 100.470 19.000
201606 14.195 101.688 18.835
201609 12.725 101.861 16.856
201612 13.747 101.863 18.209
201703 15.367 102.862 20.157
201706 15.206 103.349 19.852
201709 14.890 104.136 19.293
201712 14.496 104.011 18.805
201803 16.007 105.290 20.513
201806 16.152 106.317 20.498
201809 15.789 106.507 20.002
201812 15.989 105.998 20.353
201903 17.573 107.251 22.108
201906 17.576 108.070 21.944
201909 17.267 108.329 21.506
201912 17.058 108.420 21.228
202003 18.613 108.902 23.061
202006 18.690 108.767 23.185
202009 18.201 109.815 22.363
202012 19.411 109.897 23.832
202103 19.430 111.754 23.459
202106 19.611 114.631 23.083
202109 19.284 115.734 22.482
202112 20.516 117.630 23.533
202203 19.967 121.301 22.210
202206 21.168 125.017 22.846
202209 19.311 125.227 20.807
202212 18.510 125.222 19.945
202303 19.535 127.348 20.698
202306 20.754 128.729 21.753
202309 19.010 129.860 19.752
202312 19.656 129.419 20.492
202403 19.753 131.776 20.225
202406 21.299 132.554 21.680
202409 19.454 133.029 19.732
202412 20.017 133.157 20.283
202503 20.896 134.927 20.896

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.


Vietnam Dairy Products JSC  (BKK:VNM19) 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.


Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio Related Terms

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


Vietnam Dairy Products JSC Business Description

Traded in Other Exchanges
Address
No. 10, Tan Trao Street, Tan Phu Ward, District 7, Ho Chi Minh, VNM
Vietnam Dairy Products JSC is a Vietnam-based company engaged in providing milk and dairy products. It manufactures and distributes milk cake, soya milk, fresh milk, refreshment drinks, bottled milk, powdered milk, nutritious powder, and other products from milk. It trades processed foods, spare parts and accessories, materials, and chemical substances. The company is also involved in the manufacture, sale, and distribution of beverages, grocery and processing foods, and roasted-ground filtered and instant coffee. In addition, it is involved in trading in houses, brokerage, and leasing of real estate as well as warehousing, loading, and transportation services amongst others.

Vietnam Dairy Products JSC Headlines

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