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Procter & Gamble Co (UKEX:PG) Cyclically Adjusted PB Ratio : 6.60 (As of May. 24, 2024)


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What is Procter & Gamble Co Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Procter & Gamble Co's current share price is ₴5535.00. Procter & Gamble Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴839.20. Procter & Gamble Co's Cyclically Adjusted PB Ratio for today is 6.60.

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

UKEX:PG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.88   Med: 4.03   Max: 6.81
Current: 6.73

During the past years, Procter & Gamble Co's highest Cyclically Adjusted PB Ratio was 6.81. The lowest was 2.88. And the median was 4.03.

UKEX:PG's Cyclically Adjusted PB Ratio is ranked worse than
92.07% of 1273 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs UKEX:PG: 6.73

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.

Procter & Gamble Co's adjusted book value per share data for the three months ended in Mar. 2024 was ₴837.069. 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 ₴839.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Procter & Gamble Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Procter & Gamble 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.

Procter & Gamble Co Cyclically Adjusted PB Ratio Chart

Procter & Gamble Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.47 5.02 5.55 5.65 6.08

Procter & Gamble 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 5.95 6.08 5.87 5.99 6.60

Competitive Comparison of Procter & Gamble Co's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Procter & Gamble 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.


Procter & Gamble Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Procter & Gamble Co's Cyclically Adjusted PB Ratio falls into.



Procter & Gamble 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.

Procter & Gamble Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5535.00/839.2
=6.60

* 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.

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

For example, Procter & Gamble 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)
=837.069/131.7762*131.7762
=837.069

Current CPI (Mar. 2024) = 131.7762.

Procter & Gamble Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,007.627 100.560 1,320.425
201409 964.108 100.428 1,265.053
201412 936.256 99.070 1,245.348
201503 911.367 99.621 1,205.533
201506 906.357 100.684 1,186.250
201509 902.536 100.392 1,184.690
201512 898.177 99.792 1,186.046
201603 876.098 100.470 1,149.083
201606 846.402 101.688 1,096.841
201609 857.814 101.861 1,109.742
201612 816.381 101.863 1,056.123
201703 828.471 102.862 1,061.350
201706 851.045 103.349 1,085.133
201709 850.977 104.136 1,076.851
201712 845.212 104.011 1,070.836
201803 850.824 105.290 1,064.858
201806 824.063 106.317 1,021.399
201809 825.613 106.507 1,021.496
201812 850.458 105.998 1,057.286
201903 865.679 107.251 1,063.640
201906 740.847 108.070 903.363
201909 734.399 108.329 893.352
201912 724.817 108.420 880.959
202003 723.216 108.902 875.127
202006 737.947 108.767 894.054
202009 764.987 109.815 917.973
202012 770.341 109.897 923.709
202103 749.055 111.754 883.255
202106 751.218 114.631 863.574
202109 750.002 115.734 853.960
202112 732.230 117.630 820.292
202203 746.093 121.301 810.523
202206 766.472 125.017 807.914
202209 731.869 125.227 770.148
202212 741.657 125.222 780.477
202303 754.149 127.348 780.374
202306 780.358 128.729 798.832
202309 797.773 129.860 809.548
202312 813.489 129.419 828.303
202403 837.069 131.776 837.069

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.


Procter & Gamble Co  (UKEX:PG) 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.


Procter & Gamble Co Cyclically Adjusted PB Ratio Related Terms

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Procter & Gamble Co (UKEX:PG) Business Description

Address
One Procter and Gamble Plaza, Cincinnati, OH, USA, 45202
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent just more than half of the firm's consolidated total.