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United Breweries (BOM:532478) Cyclically Adjusted PB Ratio : 13.48 (As of May. 31, 2025)


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What is United Breweries Cyclically Adjusted PB Ratio?

As of today (2025-05-31), United Breweries's current share price is ₹1978.80. United Breweries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₹146.81. United Breweries's Cyclically Adjusted PB Ratio for today is 13.48.

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

BOM:532478' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.03   Med: 14.05   Max: 15.89
Current: 13.79

During the past years, United Breweries's highest Cyclically Adjusted PB Ratio was 15.89. The lowest was 13.03. And the median was 14.05.

BOM:532478's Cyclically Adjusted PB Ratio is ranked worse than
92.99% of 157 companies
in the Beverages - Alcoholic industry
Industry Median: 1.82 vs BOM:532478: 13.79

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.

United Breweries's adjusted book value per share data for the three months ended in Mar. 2025 was ₹165.047. 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 ₹146.81 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Breweries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Breweries'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.

United Breweries Cyclically Adjusted PB Ratio Chart

United Breweries Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 13.05 13.63

United Breweries 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 13.05 - 15.23 - 13.63

Competitive Comparison of United Breweries's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, United Breweries'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.


United Breweries's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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United Breweries 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.

United Breweries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1978.80/146.81
=13.48

* 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.

United Breweries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, United Breweries'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)
=165.047/157.5517*157.5517
=165.047

Current CPI (Mar. 2025) = 157.5517.

United Breweries Quarterly Data

Book Value per Share CPI Adj_Book
201003 47.163 65.030 114.264
201103 50.889 70.768 113.295
201203 48.852 76.889 100.102
201206 0.000 79.567 0.000
201209 113.212 82.244 216.875
201212 0.000 83.774 0.000
201303 54.351 85.687 99.935
201403 61.744 91.425 106.403
201503 71.296 97.163 115.608
201603 81.206 102.518 124.799
201703 88.282 105.196 132.220
201803 101.748 109.786 146.016
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 120.413 118.202 160.499
201906 0.000 120.880 0.000
201909 127.948 123.175 163.657
201912 0.000 126.235 0.000
202003 133.139 124.705 168.207
202006 0.000 127.000 0.000
202009 126.749 130.118 153.473
202012 0.000 130.889 0.000
202103 135.485 131.771 161.993
202106 0.000 134.084 0.000
202109 139.288 135.847 161.542
202112 0.000 138.161 0.000
202203 148.829 138.822 168.909
202206 0.000 142.347 0.000
202209 149.551 144.661 162.877
202212 0.000 145.763 0.000
202303 149.955 146.865 160.867
202306 0.000 150.280 0.000
202309 151.811 151.492 157.883
202312 0.000 152.924 0.000
202403 158.028 153.035 162.693
202406 0.000 155.789 0.000
202409 159.812 157.882 159.477
202412 0.000 158.323 0.000
202503 165.047 157.552 165.047

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.


United Breweries  (BOM:532478) 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.


United Breweries Cyclically Adjusted PB Ratio Related Terms

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


United Breweries Business Description

Traded in Other Exchanges
Address
No. 24, Vittal Mallya Road, UB Tower, UB City, Bengaluru, KA, IND, 560001
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.

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