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Lancaster Colony (Lancaster Colony) Cyclically Adjusted PB Ratio : 6.27 (As of Apr. 27, 2024)


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What is Lancaster Colony Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Lancaster Colony's current share price is $187.03. Lancaster Colony's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $29.82. Lancaster Colony's Cyclically Adjusted PB Ratio for today is 6.27.

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

LANC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.97   Med: 6.46   Max: 8.96
Current: 6.27

During the past years, Lancaster Colony's highest Cyclically Adjusted PB Ratio was 8.96. The lowest was 3.97. And the median was 6.46.

LANC's Cyclically Adjusted PB Ratio is ranked worse than
91.94% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs LANC: 6.27

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.

Lancaster Colony's adjusted book value per share data for the three months ended in Dec. 2023 was $33.005. 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 $29.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lancaster Colony Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lancaster Colony'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.

Lancaster Colony Cyclically Adjusted PB Ratio Chart

Lancaster Colony 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 6.82 6.80 7.78 4.64 6.86

Lancaster Colony Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.02 7.04 6.86 5.55 5.58

Competitive Comparison of Lancaster Colony's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Lancaster Colony'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.


Lancaster Colony's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Lancaster Colony 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.

Lancaster Colony's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=187.03/29.82
=6.27

* 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.

Lancaster Colony's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Lancaster Colony'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)
=33.005/129.4194*129.4194
=33.005

Current CPI (Dec. 2023) = 129.4194.

Lancaster Colony Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.967 99.695 24.622
201406 19.335 100.560 24.884
201409 19.754 100.428 25.457
201412 20.520 99.070 26.806
201503 20.813 99.621 27.039
201506 21.232 100.684 27.292
201509 21.806 100.392 28.111
201512 17.630 99.792 22.864
201603 18.189 100.470 23.430
201606 18.728 101.688 23.835
201609 19.491 101.861 24.764
201612 20.397 101.863 25.915
201703 20.376 102.862 25.637
201706 20.984 103.349 26.277
201709 21.520 104.136 26.745
201712 22.622 104.011 28.148
201803 23.031 105.290 28.309
201806 23.730 106.317 28.887
201809 24.519 106.507 29.794
201812 25.623 105.998 31.285
201903 25.996 107.251 31.369
201906 26.440 108.070 31.663
201909 27.276 108.329 32.586
201912 28.089 108.420 33.529
202003 28.103 108.902 33.398
202006 28.459 108.767 33.863
202009 29.089 109.815 34.282
202012 29.998 109.897 35.327
202103 30.173 111.754 34.942
202106 30.625 114.631 34.576
202109 30.878 115.734 34.529
202112 31.416 117.630 34.565
202203 30.469 121.301 32.508
202206 30.693 125.017 31.774
202209 31.287 125.227 32.335
202212 31.901 125.222 32.970
202303 31.726 127.348 32.242
202306 31.324 128.729 31.492
202309 31.935 129.860 31.827
202312 33.005 129.419 33.005

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.


Lancaster Colony  (NAS:LANC) 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.


Lancaster Colony Cyclically Adjusted PB Ratio Related Terms

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


Lancaster Colony (Lancaster Colony) Business Description

Traded in Other Exchanges
Address
380 Polaris Parkway, Suite 400, Westerville, OH, USA, 43082
Lancaster Colony Corp is a manufacturer and marketer of speciality food products. The company's segments include Retail and Foodservice. By product segment, the company divides its portfolio into non frozen (roughly 70% of net sales) and frozen food. The key products and brands are salad dressing and sauces (Cardini's, Girard's, Marzetti), frozen garlic breads (New York Brand Bakery, Mamma Bella), vegetable dips and fruit dips (Marzetti), frozen parkerhouse-style yeast rolls and dinner rolls (Sister Schubert's, Mary B's), premium dry egg noodles (Amish Kitchen), frozen speciality noodles (Reames, Aunt Vi's), croutons and salad toppings, flatbread wraps, and pizza crusts.
Executives
Knight George F. Iii director 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Zena Srivatsa Arnold director 2500 BEE CAVE ROAD, BLDG. 1, SUITE 200, ROLLINGWOOD TX 78746
Luis Viso officer: Chief Supply Chain Officer 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Kristin Bird officer: President-Foodservice Division 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Carl R. Stealey officer: President-T Marzetti Retail 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
David Alan Ciesinski officer: President & COO H. J. HEINZ COMPANY, P.O. BOX 57, PITTSBURGH PA 15230
David S. Nagle officer: SVP-T Marzetti Co Supply Chain 380 POLARIS PARKWAY, WESTERVILLE OH 43082
K. Pigott Thomas officer: CFO and Asst. Secretary C/O MGP INGREDIENTS, INC., 100 COMMERCIAL STREET, ATCHISON KS 66002
Alan F Harris director
Elliot K. Fullen director 380 POLARIS PARKWAY, SUITE 400, WESTERVILLE OH 43082
Gerlach John B Jr director, officer: Chairman & CEO LANCASTER COLONY CORP, 37 W. BROAD ST., COLUMBUS OH 43215
Barbara L Brasier director C/O MEADWESTVACO CORP, ONE HIGH RIDGE PARK, STAMFORD CT 06905
Michael H Keown director P O BOX 77057, FORT WORTH TX 76177
Timothy A. Tate officer: SVP-TMarzettiFoodservice Sales 380 POLARIS PARKWAY, WESTERVILLE OH 43082
Neeli Bendapudi director FISHER COLLEGE OF BUSINESS, 556 FISHER H, 2100 NEIL AVENUE, COLUMBUS OH 43210