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Boston Beer Co (STU:BBEA) Cyclically Adjusted PB Ratio : 4.07 (As of May. 08, 2024)


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What is Boston Beer Co Cyclically Adjusted PB Ratio?

As of today (2024-05-08), Boston Beer Co's current share price is €248.60. Boston Beer Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €61.04. Boston Beer Co's Cyclically Adjusted PB Ratio for today is 4.07.

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

STU:BBEA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.17   Med: 11.34   Max: 32.67
Current: 4.17

During the past years, Boston Beer Co's highest Cyclically Adjusted PB Ratio was 32.67. The lowest was 4.17. And the median was 11.34.

STU:BBEA's Cyclically Adjusted PB Ratio is ranked worse than
77.16% of 162 companies
in the Beverages - Alcoholic industry
Industry Median: 1.915 vs STU:BBEA: 4.17

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.

Boston Beer Co's adjusted book value per share data for the three months ended in Mar. 2024 was €80.405. 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 €61.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Beer Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Boston Beer 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.

Boston Beer Co Cyclically Adjusted PB Ratio Chart

Boston Beer Co 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 12.12 26.67 10.78 5.86 5.38

Boston Beer Co 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 5.60 5.07 6.18 5.38 4.64

Competitive Comparison of Boston Beer Co's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Boston Beer 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.


Boston Beer Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

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



Boston Beer 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.

Boston Beer Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=248.60/61.04
=4.07

* 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.

Boston Beer Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Boston Beer Co'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)
=80.405/129.4194*129.4194
=80.405

Current CPI (Mar. 2024) = 129.4194.

Boston Beer Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.100 100.560 27.156
201409 24.654 100.428 31.771
201412 27.063 99.070 35.354
201503 34.235 99.621 44.475
201506 34.608 100.684 44.485
201509 33.960 100.392 43.779
201512 33.191 99.792 43.045
201603 30.689 100.470 39.532
201606 29.643 101.688 37.727
201609 32.126 101.861 40.818
201612 34.229 101.863 43.489
201703 32.982 102.862 41.497
201706 31.203 103.349 39.074
201709 29.586 104.136 36.769
201712 30.795 104.011 38.318
201803 30.239 105.290 37.169
201806 32.516 106.317 39.582
201809 32.403 106.507 39.374
201812 35.189 105.998 42.964
201903 37.522 107.251 45.278
201906 39.976 108.070 47.874
201909 54.249 108.329 64.810
201912 54.973 108.420 65.620
202003 56.795 108.902 67.496
202006 60.515 108.767 72.005
202009 64.043 109.815 75.476
202012 64.569 109.897 76.039
202103 70.652 111.754 81.820
202106 73.493 114.631 82.974
202109 71.463 115.734 79.913
202112 71.036 117.630 78.156
202203 72.811 121.301 77.684
202206 80.343 125.017 83.172
202209 88.227 125.227 91.181
202212 81.969 125.222 84.717
202303 79.326 127.348 80.616
202306 82.060 128.729 82.500
202309 86.191 129.860 85.899
202312 81.682 129.419 81.682
202403 80.405 129.419 80.405

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.


Boston Beer Co  (STU:BBEA) 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.


Boston Beer Co Cyclically Adjusted PB Ratio Related Terms

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


Boston Beer Co (STU:BBEA) Business Description

Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.

Boston Beer Co (STU:BBEA) Headlines

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