GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Performance Food Group Co (NYSE:PFGC) » Definitions » Cyclically Adjusted PB Ratio

Performance Food Group Co (Performance Food Group Co) Cyclically Adjusted PB Ratio : 4.34 (As of Apr. 30, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Performance Food Group Co Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Performance Food Group Co's current share price is $67.88. Performance Food Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.63. Performance Food Group Co's Cyclically Adjusted PB Ratio for today is 4.34.

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

PFGC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 2.33   Max: 4.91
Current: 4.38

During the past years, Performance Food Group Co's highest Cyclically Adjusted PB Ratio was 4.91. The lowest was 0.96. And the median was 2.33.

PFGC's Cyclically Adjusted PB Ratio is ranked worse than
81.74% of 219 companies
in the Retail - Defensive industry
Industry Median: 1.59 vs PFGC: 4.38

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.

Performance Food Group Co's adjusted book value per share data for the three months ended in Dec. 2023 was $25.092. 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 $15.63 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Performance Food Group Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Performance Food Group 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.

Performance Food Group Co Cyclically Adjusted PB Ratio Chart

Performance Food Group Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.32 1.81 3.15 2.95 4.08

Performance Food Group Co 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 3.90 4.05 4.08 3.88 4.42

Competitive Comparison of Performance Food Group Co's Cyclically Adjusted PB Ratio

For the Food Distribution subindustry, Performance Food Group 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.


Performance Food Group Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Performance Food Group 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.

Performance Food Group Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67.88/15.63
=4.34

* 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.

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

For example, Performance Food Group Co'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)
=25.092/129.4194*129.4194
=25.092

Current CPI (Dec. 2023) = 129.4194.

Performance Food Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 4.952 100.560 6.373
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 4.589 99.621 5.962
201506 4.947 100.684 6.359
201509 5.072 100.392 6.539
201512 7.586 99.792 9.838
201603 7.719 100.470 9.943
201606 8.036 101.688 10.227
201609 8.202 101.861 10.421
201612 8.525 101.863 10.831
201703 8.778 102.862 11.044
201706 9.181 103.349 11.497
201709 9.400 104.136 11.682
201712 9.927 104.011 12.352
201803 10.325 105.290 12.691
201806 11.001 106.317 13.392
201809 11.248 106.507 13.668
201812 11.610 105.998 14.175
201903 11.890 107.251 14.348
201906 12.507 108.070 14.978
201909 12.794 108.329 15.285
201912 11.880 108.420 14.181
202003 15.744 108.902 18.710
202006 15.313 108.767 18.221
202009 15.133 109.815 17.835
202012 15.507 109.897 18.262
202103 15.553 111.754 18.011
202106 15.895 114.631 17.946
202109 20.242 115.734 22.636
202112 20.619 117.630 22.686
202203 20.903 121.301 22.302
202206 21.481 125.017 22.237
202209 21.845 125.227 22.576
202212 22.660 125.222 23.420
202303 23.183 127.348 23.560
202306 24.243 128.729 24.373
202309 24.747 129.860 24.663
202312 25.092 129.419 25.092

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.


Performance Food Group Co  (NYSE:PFGC) 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.


Performance Food Group Co Cyclically Adjusted PB Ratio Related Terms

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


Performance Food Group Co (Performance Food Group Co) Business Description

Traded in Other Exchanges
Address
12500 West Creek Parkway, Richmond, VA, USA, 23238
Performance Food Group Co is the third-largest U.S. food-service distributor behind Sysco and us Foods, with 9% market share. PFG's food-service business (52% of 2022 sales) provides customized food products and services (such as product selection and procurement) to independent and chain restaurants, and institutional customers. Acquisitions of Eby-Brown (2019) and Core-Mark (2021) enabled PFG to tap into the convenience store segment (41% of sales), offering convenience products, marketing programs, and technology solutions to convenience stores, drug stores, and other such channels. The firm's Vistar business (7% of sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.
Executives
David V Singer director 13024 BALLANTYNE CORPORATE PL, SUITE 900, CHARLOTTE NC 28277
Patrick T. Hagerty officer: See Remarks C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
George L Holm director, officer: See Remarks 3000 69TH STREET EAST, PALMETTO FL 34221
Donald S. Bulmer officer: See Remarks 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Craig Howard Hoskins officer: See Remarks C/O PERFORMANCE FOOD GROUP COMPANY, 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Hugh Patrick Hatcher officer: See Remarks 12500 WEST CREEK PARKWAY, RICHMOND VA 23238
Christine R Vlahcevic officer: See Remarks 1021 EAST CARY STREET, PO BOX 2350, RICHMOND VA 23218-2350
Kimberly Grant director 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Scott E Mcpherson officer: See Remarks 395 OYSTER POINT BLVD, SUITE 415, SAN FRANCISCO CA 94080
Matthew C Flanigan director LEGGETT & PLATT INC, NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Laura Jean Flanagan director 395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080
James D Hope officer: See Remarks 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Warren M Thompson director 4951 LAKE BROOK DRIVE, SUITE 500, GLEN ALLEN VA 23060
Barbara Beck director 5301 N IRONWOOD RD, MILWAUKEE WI 53217
Erika T Davis officer: See Remarks