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SJM (JM Smucker Co) Cyclically Adjusted PB Ratio : 1.37 (As of May. 23, 2025)


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What is JM Smucker Co Cyclically Adjusted PB Ratio?

As of today (2025-05-23), JM Smucker Co's current share price is $112.64. JM Smucker Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was $82.24. JM Smucker Co's Cyclically Adjusted PB Ratio for today is 1.37.

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

SJM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 1.94   Max: 3.27
Current: 1.36

During the past years, JM Smucker Co's highest Cyclically Adjusted PB Ratio was 3.27. The lowest was 1.23. And the median was 1.94.

SJM's Cyclically Adjusted PB Ratio is ranked worse than
51.33% of 1276 companies
in the Consumer Packaged Goods industry
Industry Median: 1.33 vs SJM: 1.36

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.

JM Smucker Co's adjusted book value per share data for the three months ended in Jan. 2025 was $64.907. 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 $82.24 for the trailing ten years ended in Jan. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


JM Smucker Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for JM Smucker 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.

JM Smucker Co Cyclically Adjusted PB Ratio Chart

JM Smucker Co Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.88 2.00 1.88 1.98 1.42

JM Smucker Co Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 1.65 1.42 1.45 1.39 1.30

Competitive Comparison of JM Smucker Co's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, JM Smucker 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.


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

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

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


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JM Smucker 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=112.64/82.24
=1.37

* 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.

JM Smucker Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 is calculated as:

For example, JM Smucker Co's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book=Book Value per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=64.907/134.0288*134.0288
=64.907

Current CPI (Jan. 2025) = 134.0288.

JM Smucker Co Quarterly Data

Book Value per Share CPI Adj_Book
201504 59.266 99.824 79.574
201507 59.582 100.691 79.309
201510 60.439 100.346 80.726
201601 61.207 99.957 82.070
201604 60.259 100.947 80.007
201607 60.950 101.524 80.465
201610 61.666 101.988 81.039
201701 62.193 102.456 81.358
201704 60.386 103.167 78.450
201707 61.020 103.278 79.189
201710 61.940 104.070 79.771
201801 68.699 104.578 88.046
201804 69.480 105.708 88.095
201807 69.691 106.324 87.850
201810 70.562 106.695 88.639
201901 70.489 106.200 88.960
201904 70.075 107.818 87.110
201907 70.212 108.250 86.932
201910 70.974 108.577 87.611
202001 71.644 108.841 88.224
202004 71.804 108.173 88.967
202007 73.139 109.318 89.672
202010 74.628 109.861 91.045
202101 74.794 110.364 90.832
202104 74.994 112.673 89.208
202107 75.400 115.183 87.737
202110 76.443 116.696 87.797
202201 76.193 118.619 86.091
202204 76.463 121.978 84.017
202207 76.401 125.002 81.918
202210 77.085 125.734 82.170
202301 78.189 126.223 83.024
202304 69.836 127.992 73.130
202307 68.571 128.974 71.258
202310 69.394 129.810 71.649
202401 71.203 130.124 73.339
202404 72.451 132.289 73.404
202407 73.015 132.708 73.742
202410 71.728 133.182 72.184
202501 64.907 134.029 64.907

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.


JM Smucker Co  (NYSE:SJM) 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.


JM Smucker Co Cyclically Adjusted PB Ratio Related Terms

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


JM Smucker Co Business Description

Traded in Other Exchanges
Address
One Strawberry Lane, Orrville, OH, USA, 44667-0280
J.M. Smucker is a packaged food company that primarily sells through the US retail channel (78% of fiscal 2024 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of Hostess and international (primarily Canada). Retail coffee is its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.
Executives
Jill R Penrose officer: Chief People & Admin Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
Jeannette L Knudsen officer: Chief Legal & Compliance Offic ONE STRAWBERRY LANE, ORRVILLE OH 44667
Tucker H Marshall officer: Chief Financial Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
Tarang Amin director C/O SCHIFF NUTRITION INTERNATIONAL, INC., 2002 SOUTH 5070 WEST, SALT LAKE CITY UT 84104
Mark T Smucker officer: Vice President
Amy C Held officer: Chief Strategy & Int'l Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
Mercedes Abramo director ONE STRAWBERRY LANE, ORRVILLE OH 44667
Richard K Smucker director, officer: President C/ WM WRIGLEY JR CO, 410 N MICHIGAN AVE, CHICAGO IL 60611
John P Brase officer: Chief Operating Officer ONE STRAWBERRY LANE, ORRVILLE OH 44667
Geoff E Tanner officer: Chief Marketing & Commercial ONE STRAWBERRY LANE, ORRVILLE OH 44667
Johnson Jonathan E Iii director 6322 S 300 S, STE 100, SALT LAKE CITY UT 84121
Nancy Lopez Knight director 2308 TARA DRIVE, ALBANY GA 31721
Jay L Henderson director 50 SOUTH LASALLE ST, CHICAGO IL 60603
Dawn C Willoughby director 1221 BROADWAY, OAKLAND CA 94612
Sandra Pianalto director 1000 EATON BOULEVARD, CLEVELAND OH 44122