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Kraft Foods Group (LTS:0R3B) Cyclically Adjusted PB Ratio : (As of Apr. 29, 2024)


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What is Kraft Foods Group Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kraft Foods Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kraft Foods Group'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.

Kraft Foods Group Cyclically Adjusted PB Ratio Chart

Kraft Foods Group 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 - 1.03 0.98 1.00 0.82

Kraft Foods Group 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 1.00 0.91 0.81 0.75 0.82

Competitive Comparison of Kraft Foods Group's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Kraft Foods Group'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.


Kraft Foods Group's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Kraft Foods Group's Cyclically Adjusted PB Ratio falls into.



Kraft Foods Group 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.

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

For example, Kraft Foods Group'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)
=72.57/129.4194*129.4194
=72.570

Current CPI (Dec. 2023) = 129.4194.

Kraft Foods Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.847 99.695 10.187
201406 8.229 100.560 10.591
201409 8.867 100.428 11.427
201412 7.248 99.070 9.468
201503 7.499 99.621 9.742
201506 7.704 100.684 9.903
201509 96.907 100.392 124.927
201512 97.261 99.792 126.136
201603 96.488 100.470 124.290
201606 94.990 101.688 120.895
201609 95.050 101.861 120.766
201612 99.071 101.863 125.872
201703 97.966 102.862 123.259
201706 95.685 103.349 119.822
201709 95.826 104.136 119.092
201712 110.146 104.011 137.053
201803 106.412 105.290 130.799
201806 110.168 106.317 134.107
201809 107.275 106.507 130.353
201812 86.817 105.998 106.000
201903 87.648 107.251 105.765
201906 86.285 108.070 103.331
201909 86.730 108.329 103.615
201912 85.947 108.420 102.594
202003 82.911 108.902 98.532
202006 79.045 108.767 94.054
202009 76.297 109.815 89.918
202012 75.419 109.897 88.817
202103 79.225 111.754 91.748
202106 76.903 114.631 86.824
202109 78.318 115.734 87.579
202112 76.930 117.630 84.641
202203 78.177 121.301 83.409
202206 80.215 125.017 83.040
202209 79.402 125.227 82.061
202212 76.837 125.222 79.413
202303 77.079 127.348 78.333
202306 75.997 128.729 76.405
202309 75.109 129.860 74.854
202312 72.570 129.419 72.570

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.


Kraft Foods Group  (LTS:0R3B) 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.


Kraft Foods Group Cyclically Adjusted PB Ratio Related Terms

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Kraft Foods Group (LTS:0R3B) Business Description

Address
One PPG Place, Pittsburgh, PA, USA, 15222
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.

Kraft Foods Group (LTS:0R3B) Headlines

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