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Kellanova Co (MEX:K) Cyclically Adjusted PB Ratio : 6.25 (As of Jun. 22, 2024)


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What is Kellanova Co Cyclically Adjusted PB Ratio?

As of today (2024-06-22), Kellanova Co's current share price is MXN1077.50. Kellanova Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN172.32. Kellanova Co's Cyclically Adjusted PB Ratio for today is 6.25.

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

MEX:K' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.93   Med: 8.22   Max: 11.4
Current: 5.71

During the past years, Kellanova Co's highest Cyclically Adjusted PB Ratio was 11.40. The lowest was 4.93. And the median was 8.22.

MEX:K's Cyclically Adjusted PB Ratio is ranked worse than
89.95% of 1373 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs MEX:K: 5.71

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.

Kellanova Co's adjusted book value per share data for the three months ended in Mar. 2024 was MXN153.406. 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 MXN172.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kellanova Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kellanova Co'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.

Kellanova Co Cyclically Adjusted PB Ratio Chart

Kellanova Co 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 8.51 7.44 6.98 6.96 5.60

Kellanova Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.40 6.34 5.53 5.60 5.69

Competitive Comparison of Kellanova Co's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Kellanova Co'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.


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

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

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



Kellanova Co 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.

Kellanova Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1077.50/172.32
=6.25

* 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.

Kellanova Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kellanova Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=153.406/131.7762*131.7762
=153.406

Current CPI (Mar. 2024) = 131.7762.

Kellanova Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 135.171 100.560 177.132
201409 127.954 100.428 167.895
201412 115.555 99.070 153.704
201503 109.954 99.621 145.444
201506 117.877 100.684 154.279
201509 127.117 100.392 166.857
201512 104.538 99.792 138.043
201603 99.890 100.470 131.015
201606 105.450 101.688 136.651
201609 120.709 101.861 156.160
201612 112.167 101.863 145.107
201703 107.917 102.862 138.252
201706 95.813 103.349 122.167
201709 101.366 104.136 128.271
201712 123.769 104.011 156.808
201803 132.880 105.290 166.307
201806 160.707 106.317 199.191
201809 164.302 106.507 203.284
201812 148.519 105.998 184.638
201903 144.091 107.251 177.041
201906 149.277 108.070 182.023
201909 157.835 108.329 191.997
201912 151.689 108.420 184.366
202003 182.975 108.902 221.409
202006 193.182 108.767 234.048
202009 195.643 109.815 234.769
202012 180.010 109.897 215.848
202103 188.384 111.754 222.135
202106 196.328 114.631 225.692
202109 210.006 115.734 239.115
202112 223.542 117.630 250.426
202203 223.641 121.301 242.954
202206 241.454 125.017 254.509
202209 252.439 125.227 265.642
202212 224.792 125.222 236.558
202303 213.087 127.348 220.497
202306 198.557 128.729 203.258
202309 205.665 129.860 208.701
202312 158.236 129.419 161.118
202403 153.406 131.776 153.406

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.


Kellanova Co  (MEX:K) 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.


Kellanova Co Cyclically Adjusted PB Ratio Related Terms

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


Kellanova Co (MEX:K) Business Description

Address
412 N. Wells Street, Chicago, IL, USA, 60654
Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.

Kellanova Co (MEX:K) Headlines