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Asahi Group Holdings (STU:ABW) Cyclically Adjusted PB Ratio : 1.92 (As of May. 27, 2024)


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What is Asahi Group Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Asahi Group Holdings's current share price is €34.09. Asahi Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.80. Asahi Group Holdings's Cyclically Adjusted PB Ratio for today is 1.92.

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

STU:ABW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.38   Max: 3.76
Current: 1.96

During the past years, Asahi Group Holdings's highest Cyclically Adjusted PB Ratio was 3.76. The lowest was 1.60. And the median was 2.38.

STU:ABW's Cyclically Adjusted PB Ratio is ranked worse than
50.31% of 163 companies
in the Beverages - Alcoholic industry
Industry Median: 1.96 vs STU:ABW: 1.96

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.

Asahi Group Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was €30.622. 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 €17.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asahi Group Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Asahi Group Holdings'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.

Asahi Group Holdings Cyclically Adjusted PB Ratio Chart

Asahi Group Holdings 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 2.64 2.12 2.02 1.62 1.82

Asahi Group Holdings 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 1.88 2.06 1.99 1.82 1.88

Competitive Comparison of Asahi Group Holdings's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Asahi Group Holdings'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.


Asahi Group Holdings's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Asahi Group Holdings's Cyclically Adjusted PB Ratio falls into.



Asahi Group Holdings 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.

Asahi Group Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.09/17.8
=1.92

* 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.

Asahi Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Asahi Group Holdings'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)
=30.622/107.2000*107.2000
=30.622

Current CPI (Mar. 2024) = 107.2000.

Asahi Group Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.473 98.000 14.738
201409 13.127 98.500 14.286
201412 11.380 97.900 12.461
201503 14.236 97.900 15.588
201506 13.571 98.400 14.785
201509 13.767 98.500 14.983
201512 13.011 98.100 14.218
201603 14.755 97.900 16.157
201606 15.373 98.100 16.799
201609 15.561 98.000 17.022
201612 14.920 98.400 16.254
201703 14.932 98.100 16.317
201706 16.785 98.500 18.268
201709 17.440 98.800 18.923
201712 18.702 99.400 20.170
201803 18.375 99.200 19.857
201806 18.825 99.200 20.343
201809 19.933 99.900 21.390
201812 19.605 99.700 21.080
201903 19.439 99.700 20.901
201906 20.364 99.800 21.874
201909 20.293 100.100 21.732
201912 22.445 100.500 23.941
202003 18.506 100.300 19.779
202006 21.240 99.900 22.792
202009 23.552 99.900 25.273
202012 23.696 99.300 25.581
202103 25.249 99.900 27.094
202106 25.363 99.500 27.326
202109 25.403 100.100 27.205
202112 26.958 100.100 28.870
202203 29.426 101.100 31.201
202206 28.759 101.800 30.285
202209 29.051 103.100 30.206
202212 28.458 104.100 29.305
202303 29.077 104.400 29.857
202306 30.612 105.200 31.194
202309 30.049 106.200 30.332
202312 30.929 106.800 31.045
202403 30.622 107.200 30.622

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.


Asahi Group Holdings  (STU:ABW) 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.


Asahi Group Holdings Cyclically Adjusted PB Ratio Related Terms

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


Asahi Group Holdings (STU:ABW) Business Description

Traded in Other Exchanges
Address
1-23-1, Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602
Asahi is a leading brewer in Japan with an estimated 36.5% market share by volume in Japan's beer and beer-like market, led by its Asahi Super Dry beer brand. It also operates a wide range of acholic and soft beverage products as well as packaged foods, mainly in Japan. It has made inroads into Europe through acquisitions of SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017. The acquisition of Carlton United Breweries has granted Asahi the leading market share in Australia's beer market with Great Northern the leading brand. East Asia including China and Southeast Asia are the other overseas markets where Asahi is growing. Overseas business represents nearly half of the group sales and 60% of business profits.

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