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General Mills (General Mills) Cyclically Adjusted PB Ratio : 4.62 (As of Jun. 14, 2024)


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What is General Mills Cyclically Adjusted PB Ratio?

As of today (2024-06-14), General Mills's current share price is $65.50. General Mills's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $14.17. General Mills's Cyclically Adjusted PB Ratio for today is 4.62.

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

GIS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.76   Med: 5.48   Max: 7.39
Current: 4.63

During the past years, General Mills's highest Cyclically Adjusted PB Ratio was 7.39. The lowest was 3.76. And the median was 5.48.

GIS's Cyclically Adjusted PB Ratio is ranked worse than
86.15% of 1372 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs GIS: 4.63

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.

General Mills's adjusted book value per share data for the three months ended in Feb. 2024 was $16.716. 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 $14.17 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Mills Cyclically Adjusted PB Ratio Historical Data

The historical data trend for General Mills'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.

General Mills Cyclically Adjusted PB Ratio Chart

General Mills Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.83 6.02 5.52 5.48 6.16

General Mills Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 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 5.93 6.16 4.88 4.57 4.53

Competitive Comparison of General Mills's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, General Mills'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.


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

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

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



General Mills 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.

General Mills's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=65.50/14.17
=4.62

* 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.

General Mills's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, General Mills's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=16.716/130.9299*130.9299
=16.716

Current CPI (Feb. 2024) = 130.9299.

General Mills Quarterly Data

Book Value per Share CPI Adj_Book
201405 10.673 100.373 13.922
201408 10.273 100.352 13.403
201411 9.395 99.635 12.346
201502 9.130 99.032 12.071
201505 8.346 100.333 10.891
201508 8.260 100.548 10.756
201511 8.085 100.135 10.571
201602 8.236 100.040 10.779
201605 8.261 101.355 10.671
201608 8.255 101.617 10.636
201611 7.205 101.829 9.264
201702 7.053 102.779 8.985
201705 7.502 103.256 9.513
201708 6.870 103.587 8.683
201711 7.441 104.072 9.361
201802 8.710 105.052 10.856
201805 10.354 106.148 12.771
201808 10.443 106.383 12.853
201811 11.148 106.338 13.726
201902 12.159 106.649 14.927
201905 11.720 108.048 14.202
201908 12.221 108.245 14.782
201911 12.756 108.519 15.390
202002 12.504 109.139 15.001
202005 13.215 108.175 15.995
202008 13.814 109.662 16.493
202011 13.984 109.793 16.676
202102 14.531 110.968 17.145
202105 15.584 113.576 17.965
202108 15.987 115.421 18.135
202111 15.790 117.269 17.629
202202 16.295 119.703 17.823
202205 17.603 123.323 18.689
202208 17.794 124.958 18.644
202211 17.149 125.607 17.876
202302 17.394 126.928 17.942
202305 17.814 128.314 18.177
202308 17.657 129.538 17.847
202311 16.486 129.548 16.662
202402 16.716 130.930 16.716

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.


General Mills  (NYSE:GIS) 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.


General Mills Cyclically Adjusted PB Ratio Related Terms

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


General Mills (General Mills) Business Description

Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
Executives
Werner Lanette Shaffer officer: Chief Innovation Officer ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
David Cordani director THE CIGNA GROUP, 900 COTTAGE GROVE ROAD, BLOOMFIELD CT 06002
Mark A Pallot officer: Chief Accounting Officer NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jodi J Benson officer: Chief Innovation Officer GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jacqueline Williams-roll officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Bethany C. Quam officer: Group President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
Jonathon Nudi officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Sean N Walker officer: Group President NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Shawn P Ogrady officer: SVP, Pres, Consumer Food Sales ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jeffrey L Harmening officer: Executive Vice President ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Dana M Mcnabb officer: Group President NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
C Kim Goodwin director C/O AKAMAI TECHNOLOGIES, INC., 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142
Karen Wilson Thissen officer: General Counsel & Secretary 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
John R Church officer: SVP, Supply Chain ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Richard C Allendorf officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426