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Fraser & Neave Holdings Bhd (XKLS:3689) Cyclically Adjusted PB Ratio : 4.00 (As of Jun. 23, 2024)


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What is Fraser & Neave Holdings Bhd Cyclically Adjusted PB Ratio?

As of today (2024-06-23), Fraser & Neave Holdings Bhd's current share price is RM32.00. Fraser & Neave Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM8.00. Fraser & Neave Holdings Bhd's Cyclically Adjusted PB Ratio for today is 4.00.

The historical rank and industry rank for Fraser & Neave Holdings Bhd's Cyclically Adjusted PB Ratio or its related term are showing as below:

XKLS:3689' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.77   Med: 3.94   Max: 6.54
Current: 4

During the past years, Fraser & Neave Holdings Bhd's highest Cyclically Adjusted PB Ratio was 6.54. The lowest was 2.77. And the median was 3.94.

XKLS:3689's Cyclically Adjusted PB Ratio is ranked worse than
73.17% of 82 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.345 vs XKLS:3689: 4.00

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.

Fraser & Neave Holdings Bhd's adjusted book value per share data for the three months ended in Mar. 2024 was RM9.557. 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 RM8.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fraser & Neave Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fraser & Neave Holdings Bhd'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.

Fraser & Neave Holdings Bhd Cyclically Adjusted PB Ratio Chart

Fraser & Neave Holdings Bhd Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.49 5.55 4.22 3.03 3.28

Fraser & Neave Holdings Bhd 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 3.52 3.34 3.28 3.63 3.66

Competitive Comparison of Fraser & Neave Holdings Bhd's Cyclically Adjusted PB Ratio

For the Beverages - Non-Alcoholic subindustry, Fraser & Neave Holdings Bhd'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.


Fraser & Neave Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fraser & Neave Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fraser & Neave Holdings Bhd's Cyclically Adjusted PB Ratio falls into.



Fraser & Neave Holdings Bhd 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.

Fraser & Neave Holdings Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.00/8
=4.00

* 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.

Fraser & Neave Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fraser & Neave Holdings Bhd'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)
=9.557/131.7762*131.7762
=9.557

Current CPI (Mar. 2024) = 131.7762.

Fraser & Neave Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.420 100.560 5.792
201409 4.616 100.428 6.057
201412 4.877 99.070 6.487
201503 4.830 99.621 6.389
201506 4.836 100.684 6.329
201509 5.122 100.392 6.723
201512 5.403 99.792 7.135
201603 5.194 100.470 6.812
201606 5.229 101.688 6.776
201609 5.426 101.861 7.020
201612 5.845 101.863 7.561
201703 5.882 102.862 7.535
201706 5.764 103.349 7.349
201709 5.795 104.136 7.333
201712 6.084 104.011 7.708
201803 6.023 105.290 7.538
201806 6.024 106.317 7.467
201809 6.290 106.507 7.782
201812 6.611 105.998 8.219
201903 6.596 107.251 8.104
201906 6.711 108.070 8.183
201909 6.896 108.329 8.389
201912 7.237 108.420 8.796
202003 7.129 108.902 8.626
202006 7.216 108.767 8.742
202009 7.336 109.815 8.803
202012 7.751 109.897 9.294
202103 7.692 111.754 9.070
202106 7.629 114.631 8.770
202109 7.686 115.734 8.751
202112 7.960 117.630 8.917
202203 7.883 121.301 8.564
202206 7.895 125.017 8.322
202209 8.132 125.227 8.557
202212 8.754 125.222 9.212
202303 8.735 127.348 9.039
202306 8.784 128.729 8.992
202309 9.115 129.860 9.250
202312 9.711 129.419 9.888
202403 9.557 131.776 9.557

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.


Fraser & Neave Holdings Bhd  (XKLS:3689) 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.


Fraser & Neave Holdings Bhd Cyclically Adjusted PB Ratio Related Terms

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


Fraser & Neave Holdings Bhd (XKLS:3689) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Jalan Bukit Belimbing 26/38, Persiaran Kuala Selangor, Seksyen 26, Shah Alam, SGR, MYS, 40400
Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated, and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand, and operates through four main segments: F&B Malaysia, F&B Thailand, Property and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Fraser & Neave's core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N SEASONS, and F&N ICE MOUNTAIN. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree. The company derives majority of its revenue from South East Asia.

Fraser & Neave Holdings Bhd (XKLS:3689) Headlines

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