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Jeronimo Martins SGPS (WAR:JMT) Cyclically Adjusted PB Ratio : 5.42 (As of Jan. 18, 2025)


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What is Jeronimo Martins SGPS Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Jeronimo Martins SGPS's current share price is zł82.00. Jeronimo Martins SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was zł15.14. Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio for today is 5.42.

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

WAR:JMT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.54   Med: 6.53   Max: 8.38
Current: 5.49

During the past years, Jeronimo Martins SGPS's highest Cyclically Adjusted PB Ratio was 8.38. The lowest was 4.54. And the median was 6.53.

WAR:JMT's Cyclically Adjusted PB Ratio is ranked worse than
84.65% of 228 companies
in the Retail - Defensive industry
Industry Median: 1.675 vs WAR:JMT: 5.49

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.

Jeronimo Martins SGPS's adjusted book value per share data for the three months ended in Sep. 2024 was zł16.268. 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 zł15.14 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jeronimo Martins SGPS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jeronimo Martins SGPS'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.

Jeronimo Martins SGPS Cyclically Adjusted PB Ratio Chart

Jeronimo Martins SGPS 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 6.45 5.67 7.54 6.58 7.02

Jeronimo Martins SGPS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6.52 7.02 5.41 5.31 5.09

Competitive Comparison of Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio

For the Food Distribution subindustry, Jeronimo Martins SGPS'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.


Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio falls into.



Jeronimo Martins SGPS 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.

Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=82.00/15.14
=5.42

* 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.

Jeronimo Martins SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Jeronimo Martins SGPS's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=16.268/121.5743*121.5743
=16.268

Current CPI (Sep. 2024) = 121.5743.

Jeronimo Martins SGPS Quarterly Data

Book Value per Share CPI Adj_Book
201412 11.364 99.723 13.854
201503 10.646 100.097 12.930
201506 10.392 100.769 12.538
201509 11.116 100.489 13.448
201512 9.650 100.119 11.718
201603 10.411 100.547 12.588
201606 9.722 101.319 11.666
201609 12.331 101.122 14.825
201612 12.105 100.998 14.571
201703 13.101 101.924 15.627
201706 11.624 102.240 13.822
201709 13.090 102.527 15.522
201712 13.970 102.479 16.573
201803 15.194 102.626 17.999
201806 11.923 103.790 13.966
201809 12.917 103.960 15.106
201812 13.355 103.159 15.739
201903 13.729 103.495 16.127
201906 13.039 104.192 15.214
201909 13.270 103.844 15.536
201912 14.489 103.592 17.004
202003 14.244 103.544 16.724
202006 14.217 104.323 16.568
202009 15.617 103.699 18.309
202012 16.129 103.354 18.972
202103 16.106 104.014 18.825
202106 16.048 104.852 18.607
202109 16.590 105.232 19.166
202112 16.995 106.191 19.457
202203 17.008 109.559 18.873
202206 14.043 114.003 14.976
202209 13.983 114.999 14.782
202212 16.304 116.377 17.032
202303 17.454 117.701 18.028
202306 17.032 117.872 17.567
202309 17.927 119.111 18.298
202312 20.262 118.032 20.870
202403 20.913 120.396 21.118
202406 14.414 121.165 14.463
202409 16.268 121.574 16.268

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.


Jeronimo Martins SGPS  (WAR:JMT) 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.


Jeronimo Martins SGPS Cyclically Adjusted PB Ratio Related Terms

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


Jeronimo Martins SGPS Business Description

Traded in Other Exchanges
Address
Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033
Jeronimo Martins SGPS SA operates in food distribution, agribusiness, and other businesses. The food distribution business is the group's main activity, which consists of retail and wholesale operations under the brand's Pingo Doce and Recheio in Portugal, Poland, and Colombia. The group has five segments. Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets), Portugal Cash & Carry: includes the wholesale business unit Recheio, Poland Retail: the business unit which operates under the Biedronka banner, Colombia Retail: the business unit which operates under Ara banner, & Others, eliminations and adjustments. The majority of revenue is derived from the Poland retail segment.

Jeronimo Martins SGPS Headlines