GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) » Definitions » Cyclically Adjusted PB Ratio

Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Cyclically Adjusted PB Ratio : (As of May. 21, 2024)


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What is Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted PB Ratio?

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Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Coca-Cola Hellenic Bottling Company S.A.'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.

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Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted PB Ratio Chart

Coca-Cola Hellenic Bottling Company S.A. Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PB Ratio
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Coca-Cola Hellenic Bottling Company S.A. Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
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Competitive Comparison of Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted PB Ratio

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Hellenic Bottling Company S.A.'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.


Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted PB Ratio falls into.



Coca-Cola Hellenic Bottling Company S.A. 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.

Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2013 is calculated as:

For example, Coca-Cola Hellenic Bottling Company S.A.'s adjusted Book Value per Share data for the three months ended in Mar. 2013 was:

Adj_Book=Book Value per Share/CPI of Mar. 2013 (Change)*Current CPI (Mar. 2013)
=8.08/104.1502*104.1502
=8.080

Current CPI (Mar. 2013) = 104.1502.

Coca-Cola Hellenic Bottling Company S.A. Quarterly Data

Book Value per Share CPI Adj_Book
200306 7.518 79.994 9.788
200309 7.822 79.913 10.194
200312 6.337 80.698 8.179
200403 6.494 81.900 8.258
200406 6.825 82.250 8.642
200409 5.869 82.168 7.439
200412 6.985 83.194 8.745
200503 5.685 84.269 7.026
200506 6.422 84.980 7.871
200509 6.474 85.402 7.895
200512 7.838 86.207 9.469
200603 8.094 87.053 9.684
200606 8.452 87.729 10.034
200609 8.759 87.904 10.378
200612 8.533 88.714 10.018
200703 8.824 89.344 10.286
200706 7.685 90.040 8.889
200709 9.555 90.470 11.000
200712 9.660 92.159 10.917
200803 8.141 93.306 9.087
200806 5.394 94.462 5.947
200809 9.253 94.663 10.180
200812 7.679 93.971 8.511
200903 7.353 94.514 8.103
200906 7.815 94.959 8.571
200909 8.355 95.339 9.127
200912 6.788 96.453 7.330
201003 7.314 98.231 7.755
201006 7.720 99.918 8.047
201009 8.013 100.650 8.292
201012 8.219 101.443 8.438
201103 8.066 102.652 8.184
201106 7.944 103.254 8.013
201109 7.944 103.723 7.977
201112 7.905 103.893 7.925
201203 8.014 104.371 7.997
201206 7.940 104.599 7.906
201209 8.331 104.662 8.290
201212 8.107 104.729 8.062
201303 8.080 104.150 8.080

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.


Coca-Cola Hellenic Bottling Company S.A.  (LSE:CCB) 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.


Coca-Cola Hellenic Bottling Company S.A. Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Coca-Cola Hellenic Bottling Company S.A.'s Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Business Description

Traded in Other Exchanges
N/A
Address
Website
Coca-Cola Hellenic Bottling Company S.A. was incorporated in Greece and founded in 1969. It took its current form in August 2000 through the acquisition of the Coca-Cola Beverages PLC by Hellenic Bottling Company S.A. The Company is headquartered in Athens. Its two major shareholders are the Kar-Tess Holding S.A., a private holding company, and The Coca-Cola Company. The Company and its subsidiaries are primarily engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The Company distributes its products in 27 countries in Europe and Nigeria. The Company has one business, being the production, sale and distribution of non-alcoholic, ready-to-drink beverages. The Company operates in 28 such as Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, Russia, Serbia and Ukraine. The Company is licensed to produce, sell and distribute a range of beverages. The Coca-Cola Company owns the trademarks for most of these. It supplies the concentrates and is largely responsible for consumer marketing. The Company's product portfolio consists of the world-leading brands Coca-Cola, Coca-Cola Light (diet Coke), Fanta and Sprite brands that it owns manufactures and distributes, including Amita, Avra, Deep RiverRock and Fruice brands licensed by other companies, such as Nestea and Monster. The Company produces, markets and sells its customers valuable brands, in addition to the 136 brands. In 2012, sparkling beverages of The Coca-Cola Company accounted for 62% of its sales volume, low calorie sparkling beverages accounted for 6%, while still and water beverages accounted for approximately 32% of its sales volume. With more than 30 water brands in its portfolio, it focuses on generating value through the 'on-the-go' or immediate consumption occasion.

Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Headlines

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