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Molson Coors Beverage Co (STU:NY7) Cyclically Adjusted Book per Share : €58.95 (As of Dec. 2023)


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What is Molson Coors Beverage Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Molson Coors Beverage Co's adjusted book value per share for the three months ended in Dec. 2023 was €56.731. 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 €58.95 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Molson Coors Beverage Co's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Molson Coors Beverage Co was 16.60% per year. The lowest was -3.80% per year. And the median was 5.30% per year.

As of today (2024-04-27), Molson Coors Beverage Co's current stock price is €58.32. Molson Coors Beverage Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €58.95. Molson Coors Beverage Co's Cyclically Adjusted PB Ratio of today is 0.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Molson Coors Beverage Co was 2.51. The lowest was 0.61. And the median was 1.26.


Molson Coors Beverage Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Molson Coors Beverage Co's Cyclically Adjusted Book per Share 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.

Molson Coors Beverage Co Cyclically Adjusted Book per Share Chart

Molson Coors Beverage Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.24 44.22 51.18 58.58 58.95

Molson Coors Beverage Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 58.58 58.93 59.41 60.97 58.95

Competitive Comparison of Molson Coors Beverage Co's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Molson Coors Beverage 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.


Molson Coors Beverage Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Molson Coors Beverage Co's Cyclically Adjusted PB Ratio falls into.



Molson Coors Beverage Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Molson Coors Beverage Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=56.731/129.4194*129.4194
=56.731

Current CPI (Dec. 2023) = 129.4194.

Molson Coors Beverage Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 33.650 99.695 43.683
201406 35.654 100.560 45.886
201409 35.150 100.428 45.297
201412 34.378 99.070 44.910
201503 36.033 99.621 46.811
201506 36.499 100.684 46.916
201509 34.900 100.392 44.991
201512 35.043 99.792 45.447
201603 41.403 100.470 53.333
201606 40.822 101.688 51.955
201609 41.127 101.861 52.254
201612 50.372 101.863 63.999
201703 50.369 102.862 63.373
201706 50.002 103.349 62.615
201709 48.643 104.136 60.453
201712 50.913 104.011 63.350
201803 50.542 105.290 62.125
201806 53.853 106.317 65.555
201809 55.058 106.507 66.903
201812 54.961 105.998 67.105
201903 53.466 107.251 64.518
201906 56.870 108.070 68.105
201909 55.254 108.329 66.011
201912 55.834 108.420 66.648
202003 53.029 108.902 63.020
202006 53.305 108.767 63.426
202009 52.941 109.815 62.392
202012 46.908 109.897 55.241
202103 48.719 111.754 56.420
202106 49.688 114.631 56.098
202109 52.025 115.734 58.177
202112 54.720 117.630 60.205
202203 56.622 121.301 60.412
202206 58.379 125.017 60.435
202209 61.441 125.227 63.498
202212 55.382 125.222 57.238
202303 54.824 127.348 55.716
202306 55.631 128.729 55.929
202309 57.514 129.860 57.319
202312 56.731 129.419 56.731

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Molson Coors Beverage Co  (STU:NY7) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Molson Coors Beverage Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=58.32/58.95
=0.99

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Molson Coors Beverage Co was 2.51. The lowest was 0.61. And the median was 1.26.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Molson Coors Beverage Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Molson Coors Beverage Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Molson Coors Beverage Co (STU:NY7) Business Description

Traded in Other Exchanges
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second largest beer maker in both value and volume terms in the U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market contributing over 80% of total revenue.

Molson Coors Beverage Co (STU:NY7) Headlines

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