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Vietnam Dairy Products JSC (STC:VNM) Cyclically Adjusted PB Ratio : 4.47 (As of May. 15, 2024)


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What is Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Vietnam Dairy Products JSC's current share price is ₫67000.00. Vietnam Dairy Products JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₫14,981.10. Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio for today is 4.47.

The historical rank and industry rank for Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

STC:VNM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.29   Med: 5.56   Max: 10.2
Current: 4.44

During the past years, Vietnam Dairy Products JSC's highest Cyclically Adjusted PB Ratio was 10.20. The lowest was 4.29. And the median was 5.56.

STC:VNM's Cyclically Adjusted PB Ratio is ranked worse than
86.01% of 1251 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs STC:VNM: 4.44

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.

Vietnam Dairy Products JSC's adjusted book value per share data for the three months ended in Mar. 2024 was ₫15,241.522. 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 ₫14,981.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vietnam Dairy Products JSC'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.

Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio Chart

Vietnam Dairy Products JSC 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 - 9.71 6.78 5.44 4.54

Vietnam Dairy Products JSC 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 5.19 4.86 5.00 4.54 4.51

Competitive Comparison of Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Vietnam Dairy Products JSC'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.


Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio falls into.



Vietnam Dairy Products JSC 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.

Vietnam Dairy Products JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67000.00/14981.1
=4.47

* 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.

Vietnam Dairy Products JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Vietnam Dairy Products JSC'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)
=15241.522/129.4194*129.4194
=15,241.522

Current CPI (Mar. 2024) = 129.4194.

Vietnam Dairy Products JSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 8,945.653 100.560 11,512.995
201409 8,738.489 100.428 11,261.125
201412 9,489.733 99.070 12,396.884
201503 10,165.983 99.621 13,206.795
201506 10,149.765 100.684 13,046.540
201509 9,156.238 100.392 11,803.737
201512 9,977.899 99.792 12,940.201
201603 10,916.345 100.470 14,061.722
201606 10,952.651 101.688 13,939.542
201609 9,818.183 101.861 12,474.483
201612 10,606.715 101.863 13,476.127
201703 11,857.195 102.862 14,918.513
201706 11,732.974 103.349 14,692.672
201709 11,488.989 104.136 14,278.480
201712 11,185.195 104.011 13,917.565
201803 12,351.024 105.290 15,181.591
201806 12,462.938 106.317 15,171.130
201809 12,182.965 106.507 14,803.876
201812 12,337.301 105.998 15,063.375
201903 13,559.172 107.251 16,361.881
201906 13,561.759 108.070 16,240.981
201909 13,322.978 108.329 15,916.749
201912 13,162.041 108.420 15,711.325
202003 14,361.486 108.902 17,067.303
202006 14,421.352 108.767 17,159.594
202009 14,043.976 109.815 16,551.151
202012 14,977.237 109.897 17,637.866
202103 14,991.682 111.754 17,361.415
202106 15,131.698 114.631 17,083.760
202109 14,878.941 115.734 16,638.314
202112 15,829.623 117.630 17,416.212
202203 15,406.016 121.301 16,437.106
202206 16,333.310 125.017 16,908.505
202209 14,900.485 125.227 15,399.391
202212 14,282.116 125.222 14,760.871
202303 15,072.820 127.348 15,318.014
202306 16,013.819 128.729 16,099.742
202309 14,668.015 129.860 14,618.304
202312 15,166.230 129.419 15,166.230
202403 15,241.522 129.419 15,241.522

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.


Vietnam Dairy Products JSC  (STC:VNM) 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.


Vietnam Dairy Products JSC Cyclically Adjusted PB Ratio Related Terms

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Vietnam Dairy Products JSC (STC:VNM) Business Description

Traded in Other Exchanges
N/A
Address
No. 10, Tan Trao Street, Tan Phu Ward, District 7, Ho Chi Minh, VNM
Vietnam Dairy Products JSC is a Vietnam-based company engaged in providing milk and dairy products. It manufactures and distributes milk cake, soya milk, fresh milk, refreshment drinks, bottled milk, powdered milk, nutritious powder, and other products from milk. It trades processed foods, spare parts and accessories, materials, and chemical substances. The company is also involved in the manufacture, sale, and distribution of beverages, grocery and processing foods, and roasted-ground filtered and instant coffee. In addition, it is involved in trading in houses, brokerage, and leasing of real estate as well as warehousing, loading, and transportation services amongst others.

Vietnam Dairy Products JSC (STC:VNM) Headlines

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