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Bakkafrost P/F (STU:6BF) Cyclically Adjusted PB Ratio : 3.35 (As of Jun. 14, 2024)


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What is Bakkafrost P/F Cyclically Adjusted PB Ratio?

As of today (2024-06-14), Bakkafrost P/F's current share price is €49.60. Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.81. Bakkafrost P/F's Cyclically Adjusted PB Ratio for today is 3.35.

The historical rank and industry rank for Bakkafrost P/F's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:6BF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.93   Med: 7.48   Max: 11.13
Current: 3.23

During the past years, Bakkafrost P/F's highest Cyclically Adjusted PB Ratio was 11.13. The lowest was 2.93. And the median was 7.48.

STU:6BF's Cyclically Adjusted PB Ratio is ranked worse than
78.28% of 1372 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs STU:6BF: 3.23

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.

Bakkafrost P/F's adjusted book value per share data for the three months ended in Mar. 2024 was €25.626. 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 €14.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bakkafrost P/F Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bakkafrost P/F'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.

Bakkafrost P/F Cyclically Adjusted PB Ratio Chart

Bakkafrost P/F 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 10.13 7.27 5.32 4.48 3.21

Bakkafrost P/F 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 4.65 4.18 3.41 3.21 3.99

Competitive Comparison of Bakkafrost P/F's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Bakkafrost P/F'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.


Bakkafrost P/F's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bakkafrost P/F's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bakkafrost P/F's Cyclically Adjusted PB Ratio falls into.



Bakkafrost P/F 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.

Bakkafrost P/F's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.60/14.81
=3.35

* 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.

Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bakkafrost P/F'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)
=25.626/131.7762*131.7762
=25.626

Current CPI (Mar. 2024) = 131.7762.

Bakkafrost P/F Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.595 100.560 6.021
201409 5.233 100.428 6.866
201412 5.707 99.070 7.591
201503 6.115 99.621 8.089
201506 5.853 100.684 7.660
201509 6.233 100.392 8.182
201512 7.108 99.792 9.386
201603 7.724 100.470 10.131
201606 7.281 101.688 9.435
201609 8.267 101.861 10.695
201612 9.805 101.863 12.684
201703 10.017 102.862 12.833
201706 9.937 103.349 12.670
201709 10.103 104.136 12.785
201712 10.008 104.011 12.680
201803 10.728 105.290 13.427
201806 10.261 106.317 12.718
201809 11.229 106.507 13.893
201812 11.215 105.998 13.942
201903 11.792 107.251 14.489
201906 11.215 108.070 13.675
201909 15.074 108.329 18.337
201912 18.854 108.420 22.916
202003 18.404 108.902 22.270
202006 19.468 108.767 23.586
202009 19.951 109.815 23.941
202012 19.873 109.897 23.830
202103 20.899 111.754 24.643
202106 21.389 114.631 24.588
202109 21.681 115.734 24.686
202112 21.278 117.630 23.837
202203 21.502 121.301 23.359
202206 23.371 125.017 24.635
202209 23.911 125.227 25.162
202212 23.637 125.222 24.874
202303 24.737 127.348 25.597
202306 23.307 128.729 23.859
202309 23.734 129.860 24.084
202312 24.614 129.419 25.062
202403 25.626 131.776 25.626

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.


Bakkafrost P/F  (STU:6BF) 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.


Bakkafrost P/F Cyclically Adjusted PB Ratio Related Terms

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


Bakkafrost P/F (STU:6BF) Business Description

Address
Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625
Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into three segments. The fish farming segment involves the breeding, processing, sales, and distribution of salmon and contributes to the majority of the group revenue. The value-added products segment produces skinless and boneless portions of salmon. The fishmeal, oil and feed segment is engaged in the production and sale of fishmeal, fish oil and fish feed through Bakkafrost's subsidiary Havsbrun.

Bakkafrost P/F (STU:6BF) Headlines

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