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Fraser and Neave (SGX:F99) Cyclically Adjusted PB Ratio : 0.47 (As of May. 16, 2024)


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What is Fraser and Neave Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Fraser and Neave's current share price is S$1.05. Fraser and Neave's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 was S$2.22. Fraser and Neave's Cyclically Adjusted PB Ratio for today is 0.47.

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

SGX:F99' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.48   Max: 0.7
Current: 0.47

During the past 13 years, Fraser and Neave's highest Cyclically Adjusted PB Ratio was 0.70. The lowest was 0.34. And the median was 0.48.

SGX:F99's Cyclically Adjusted PB Ratio is ranked better than
84.45% of 1254 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs SGX:F99: 0.47

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.

Fraser and Neave's adjusted book value per share data of for the fiscal year that ended in Sep23 was S$2.025. 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 S$2.22 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fraser and Neave Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fraser and Neave'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.

Fraser and Neave Cyclically Adjusted PB Ratio Chart

Fraser and Neave Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.39 0.48 0.45 0.48

Fraser and Neave Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 - 0.45 - 0.48 -

Competitive Comparison of Fraser and Neave's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Fraser and Neave'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.


Fraser and Neave's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Fraser and Neave 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.

Fraser and Neave's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.05/2.22
=0.47

* 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.

Fraser and Neave's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Fraser and Neave's adjusted Book Value per Share data for the fiscal year that ended in Sep23 was:

Adj_Book=Book Value per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=2.025/129.8595*129.8595
=2.025

Current CPI (Sep23) = 129.8595.

Fraser and Neave Annual Data

Book Value per Share CPI Adj_Book
201409 1.111 100.428 1.437
201509 1.570 100.392 2.031
201609 1.966 101.861 2.506
201709 1.941 104.136 2.420
201809 1.945 106.507 2.371
201909 2.024 108.329 2.426
202009 2.047 109.815 2.421
202109 2.080 115.734 2.334
202209 2.112 125.227 2.190
202309 2.025 129.860 2.025

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.


Fraser and Neave  (SGX:F99) 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.


Fraser and Neave Cyclically Adjusted PB Ratio Related Terms

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


Fraser and Neave (SGX:F99) Business Description

Traded in Other Exchanges
Address
438 Alexandra Road, Number 20-00 Alexandra Point, Singapore, SGP, 119958
Fraser and Neave Ltd is a Singapore-based company that operates through four segments: dairies, beverages, publishing and printing industries, and others. The dairies segment generates the majority of total revenue by manufacturing, marketing, and selling dairy products. The beverages segment is the next contributor to total revenue through the production and selling of soft drinks and alcoholic beverages. The publishing and printing business operates through a network of offices, printing plants, and distributors. The company mainly operates in Thailand, Malaysia, Singapore, Indochina, Indonesia, Myanmar and Philippines.

Fraser and Neave (SGX:F99) Headlines

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