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Jollibee Foods (PHS:JFC) Cyclically Adjusted PB Ratio : 4.45 (As of Apr. 28, 2024)


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What is Jollibee Foods Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Jollibee Foods's current share price is ₱239.00. Jollibee Foods's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₱53.74. Jollibee Foods's Cyclically Adjusted PB Ratio for today is 4.45.

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

PHS:JFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.2   Med: 5.43   Max: 12.56
Current: 4.45

During the past years, Jollibee Foods's highest Cyclically Adjusted PB Ratio was 12.56. The lowest was 3.20. And the median was 5.43.

PHS:JFC's Cyclically Adjusted PB Ratio is ranked worse than
75.89% of 224 companies
in the Restaurants industry
Industry Median: 2.105 vs PHS:JFC: 4.45

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.

Jollibee Foods's adjusted book value per share data for the three months ended in Dec. 2023 was ₱68.030. 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 ₱53.74 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jollibee Foods Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Jollibee Foods'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.

Jollibee Foods Cyclically Adjusted PB Ratio Chart

Jollibee Foods 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 7.10 5.49 5.12 4.71 4.68

Jollibee Foods 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 4.71 4.48 4.65 4.33 4.68

Competitive Comparison of Jollibee Foods's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Jollibee Foods'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.


Jollibee Foods's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Jollibee Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Jollibee Foods 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.

Jollibee Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=239.00/53.74
=4.45

* 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.

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

For example, Jollibee Foods'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)
=68.03/129.4194*129.4194
=68.030

Current CPI (Dec. 2023) = 129.4194.

Jollibee Foods Quarterly Data

Book Value per Share CPI Adj_Book
201403 22.836 99.695 29.645
201406 23.379 100.560 30.089
201409 24.874 100.428 32.055
201412 25.959 99.070 33.911
201503 27.106 99.621 35.214
201506 27.794 100.684 35.726
201509 29.409 100.392 37.913
201512 29.095 99.792 37.733
201603 30.298 100.470 39.028
201606 29.915 101.688 38.073
201609 31.339 101.861 39.818
201612 31.687 101.863 40.259
201703 32.778 102.862 41.241
201706 34.478 103.349 43.175
201709 35.614 104.136 44.261
201712 36.885 104.011 45.895
201803 40.118 105.290 49.312
201806 41.044 106.317 49.963
201809 43.622 106.507 53.006
201812 44.322 105.998 54.115
201903 46.085 107.251 55.611
201906 45.719 108.070 54.751
201909 47.397 108.329 56.624
201912 49.641 108.420 59.256
202003 73.112 108.902 86.887
202006 63.793 108.767 75.906
202009 61.450 109.815 72.420
202012 62.406 109.897 73.492
202103 62.425 111.754 72.293
202106 62.704 114.631 70.793
202109 65.645 115.734 73.407
202112 57.560 117.630 63.329
202203 59.716 121.301 63.713
202206 60.812 125.017 62.954
202209 63.720 125.227 65.854
202212 63.001 125.222 65.113
202303 64.536 127.348 65.586
202306 65.329 128.729 65.680
202309 67.806 129.860 67.576
202312 68.030 129.419 68.030

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.


Jollibee Foods  (PHS:JFC) 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.


Jollibee Foods Cyclically Adjusted PB Ratio Related Terms

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


Jollibee Foods (PHS:JFC) Business Description

Traded in Other Exchanges
Address
10 F. Ortigas Junior avenue, 10th Floor, Jollibee Plaza Building, Ortigas Centre, Pasig, PHL, 1605
Jollibee Foods Corp is engaged in operating and franchising quick-service restaurants. The company has three business segments; The food service segment is involved in the operations of QSRs and the manufacture of food, products to be sold to JFC Group-owned and franchised QSR outlets, The franchising segment is involved in the franchising of the JFC Group's QSR store concepts, and The leasing segment leases store sites mainly to the JFC Group's independent franchisees. The group's geographical segments are based on the location of the assets producing revenues in the Philippines and in other locations which include PRC, USA, Canada, Vietnam, Singapore, Malaysia, Italy, UK, UAE, Hongkong, Macau, Brunei, Taiwan, and Australia.

Jollibee Foods (PHS:JFC) Headlines

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