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Burcon NutraScience (TSX:BU) Cyclically Adjusted PB Ratio : 1.83 (As of May. 01, 2024)


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What is Burcon NutraScience Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Burcon NutraScience's current share price is C$0.275. Burcon NutraScience's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was C$0.15. Burcon NutraScience's Cyclically Adjusted PB Ratio for today is 1.83.

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

TSX:BU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 6.1   Max: 38.71
Current: 1.9

During the past years, Burcon NutraScience's highest Cyclically Adjusted PB Ratio was 38.71. The lowest was 0.56. And the median was 6.10.

TSX:BU's Cyclically Adjusted PB Ratio is ranked worse than
64.25% of 1239 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs TSX:BU: 1.90

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.

Burcon NutraScience's adjusted book value per share data for the three months ended in Jun. 2023 was C$0.048. 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 C$0.15 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Burcon NutraScience Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Burcon NutraScience'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.

Burcon NutraScience Cyclically Adjusted PB Ratio Chart

Burcon NutraScience Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 6.67 34.12 7.95 1.84

Burcon NutraScience Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 3.31 3.01 2.57 1.84 1.14

Competitive Comparison of Burcon NutraScience's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Burcon NutraScience'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.


Burcon NutraScience's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Burcon NutraScience's Cyclically Adjusted PB Ratio falls into.



Burcon NutraScience 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.

Burcon NutraScience's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.275/0.15
=1.83

* 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.

Burcon NutraScience's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Burcon NutraScience's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=0.048/124.2033*124.2033
=0.048

Current CPI (Jun. 2023) = 124.2033.

Burcon NutraScience Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.126 97.419 0.161
201312 0.102 96.945 0.131
201403 0.081 98.604 0.102
201406 0.142 99.473 0.177
201409 0.118 99.394 0.147
201412 0.091 98.367 0.115
201503 0.101 99.789 0.126
201506 0.126 100.500 0.156
201509 0.108 100.421 0.134
201512 0.087 99.947 0.108
201603 0.068 101.054 0.084
201606 0.045 102.002 0.055
201609 0.023 101.765 0.028
201612 0.085 101.449 0.104
201703 0.065 102.634 0.079
201706 0.045 103.029 0.054
201709 0.026 103.345 0.031
201712 0.004 103.345 0.005
201803 0.033 105.004 0.039
201806 0.019 105.557 0.022
201809 0.004 105.636 0.005
201812 -0.011 105.399 -0.013
201903 -0.028 106.979 -0.033
201906 0.138 107.690 0.159
201909 0.130 107.611 0.150
201912 0.153 107.769 0.176
202003 0.237 107.927 0.273
202006 0.229 108.401 0.262
202009 0.321 108.164 0.369
202012 0.326 108.559 0.373
202103 0.335 110.298 0.377
202106 0.309 111.720 0.344
202109 0.303 112.905 0.333
202112 0.293 113.774 0.320
202203 0.260 117.646 0.274
202206 0.226 120.806 0.232
202209 0.198 120.648 0.204
202212 0.052 120.964 0.053
202303 0.036 122.702 0.036
202306 0.048 124.203 0.048

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.


Burcon NutraScience  (TSX:BU) 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.


Burcon NutraScience Cyclically Adjusted PB Ratio Related Terms

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


Burcon NutraScience (TSX:BU) Business Description

Traded in Other Exchanges
Address
1946 West Broadway, Vancouver, BC, CAN, V6J 1Z2
Burcon NutraScience Corp is a technology company in the development of plant-based proteins. With over 290 issued patent applications, that have been developed, Burcon has grown a portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed, and more. Its joint venture Merit Foods is building a protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients.
Executives
John Vassallo Director

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