GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minerva SA (BSP:BEEF3) » Definitions » Cyclically Adjusted PB Ratio

Minerva (BSP:BEEF3) Cyclically Adjusted PB Ratio : 6.78 (As of Apr. 30, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Minerva Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Minerva's current share price is R$6.17. Minerva's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$0.91. Minerva's Cyclically Adjusted PB Ratio for today is 6.78.

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

BSP:BEEF3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 4.12   Max: 10.55
Current: 6.75

During the past years, Minerva's highest Cyclically Adjusted PB Ratio was 10.55. The lowest was 1.13. And the median was 4.12.

BSP:BEEF3's Cyclically Adjusted PB Ratio is ranked worse than
93.05% of 1237 companies
in the Consumer Packaged Goods industry
Industry Median: 1.33 vs BSP:BEEF3: 6.75

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.

Minerva's adjusted book value per share data for the three months ended in Dec. 2023 was R$0.297. 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 R$0.91 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Minerva Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Minerva'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.

Minerva Cyclically Adjusted PB Ratio Chart

Minerva 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 4.06 3.95 4.98 8.84 8.23

Minerva Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 8.84 8.16 9.15 7.87 8.23

Competitive Comparison of Minerva's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Minerva'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.


Minerva's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Minerva 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.

Minerva's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.17/0.91
=6.78

* 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.

Minerva's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Minerva'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)
=0.297/156.2729*156.2729
=0.297

Current CPI (Dec. 2023) = 156.2729.

Minerva Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.541 90.447 6.118
201406 3.658 91.838 6.225
201409 2.574 92.602 4.344
201412 2.651 94.194 4.398
201503 -0.165 97.799 -0.264
201506 1.165 100.006 1.820
201509 -2.391 101.392 -3.685
201512 -1.967 104.247 -2.949
201603 2.372 106.979 3.465
201606 2.509 108.851 3.602
201609 2.627 109.986 3.733
201612 2.173 110.802 3.065
201703 1.832 111.869 2.559
201706 1.507 112.115 2.101
201709 1.750 112.777 2.425
201712 0.317 114.068 0.434
201803 -0.284 114.868 -0.386
201806 -4.797 117.038 -6.405
201809 -6.102 117.881 -8.089
201812 -0.793 118.340 -1.047
201903 -0.985 120.124 -1.281
201906 -1.028 120.977 -1.328
201909 -2.019 121.292 -2.601
201912 -0.578 123.436 -0.732
202003 1.202 124.092 1.514
202006 1.734 123.557 2.193
202009 2.236 125.095 2.793
202012 1.541 129.012 1.867
202103 1.855 131.660 2.202
202106 0.774 133.871 0.904
202109 0.884 137.913 1.002
202112 1.121 141.992 1.234
202203 0.804 146.537 0.857
202206 1.156 149.784 1.206
202209 1.065 147.800 1.126
202212 0.866 150.207 0.901
202303 0.912 153.352 0.929
202306 0.698 154.519 0.706
202309 1.070 155.464 1.076
202312 0.297 156.273 0.297

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.


Minerva  (BSP:BEEF3) 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.


Minerva Cyclically Adjusted PB Ratio Related Terms

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


Minerva (BSP:BEEF3) Business Description

Traded in Other Exchanges
Address
Avenida Antonio Manco Bernardes s/n, Chacara Minerva, Barretos, SP, BRA, 14781-545
Minerva SA produces and markets beef and other meat products out of South America. It exports processed meat products, leather, and live cattle internationally. Partnerships with ranchers are enhanced by ideas and information exchange through lectures and training. It has several different facilities to help with processing. Slaughtering and boning plants acquire the livestock and kick-start the process. A processing plant works on turning raw materials into finished products, and distribution centers are located around the globe to ensure quality and timely deliveries. International trading offices are strategically placed to help strengthen relationships in different regions.

Minerva (BSP:BEEF3) Headlines

No Headlines