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CCL Industries (TSX:CCL.B) Cyclically Adjusted PB Ratio : 4.14 (As of Apr. 27, 2024)


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What is CCL Industries Cyclically Adjusted PB Ratio?

As of today (2024-04-27), CCL Industries's current share price is C$71.00. CCL Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$17.14. CCL Industries's Cyclically Adjusted PB Ratio for today is 4.14.

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

TSX:CCL.B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.91   Med: 5.79   Max: 10.89
Current: 4.09

During the past years, CCL Industries's highest Cyclically Adjusted PB Ratio was 10.89. The lowest was 2.91. And the median was 5.79.

TSX:CCL.B's Cyclically Adjusted PB Ratio is ranked worse than
90.38% of 260 companies
in the Packaging & Containers industry
Industry Median: 1.155 vs TSX:CCL.B: 4.09

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.

CCL Industries's adjusted book value per share data for the three months ended in Dec. 2023 was C$26.005. 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 C$17.14 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CCL Industries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CCL Industries'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.

CCL Industries Cyclically Adjusted PB Ratio Chart

CCL Industries 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 6.13 5.78 5.38 4.00 3.48

CCL Industries 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 4.00 4.28 4.05 3.50 3.48

Competitive Comparison of CCL Industries's Cyclically Adjusted PB Ratio

For the Packaging & Containers subindustry, CCL Industries'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.


CCL Industries's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, CCL Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CCL Industries 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.

CCL Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=71.00/17.14
=4.14

* 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.

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

For example, CCL Industries'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)
=26.005/125.4675*125.4675
=26.005

Current CPI (Dec. 2023) = 125.4675.

CCL Industries Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.489 98.604 8.257
201406 6.604 99.473 8.330
201409 6.868 99.394 8.670
201412 7.011 98.367 8.943
201503 7.605 99.789 9.562
201506 7.960 100.500 9.937
201509 8.526 100.421 10.652
201512 9.242 99.947 11.602
201603 9.343 101.054 11.600
201606 9.351 102.002 11.502
201609 9.915 101.765 12.224
201612 10.090 101.449 12.479
201703 10.523 102.634 12.864
201706 11.034 103.029 13.437
201709 11.251 103.345 13.659
201712 12.205 103.345 14.818
201803 13.553 105.004 16.194
201806 13.605 105.557 16.171
201809 13.733 105.636 16.311
201812 15.043 105.399 17.907
201903 15.367 106.979 18.023
201906 15.418 107.690 17.963
201909 15.745 107.611 18.358
201912 16.225 107.769 18.890
202003 17.242 107.927 20.044
202006 17.151 108.401 19.851
202009 17.718 108.164 20.552
202012 18.316 108.559 21.169
202103 18.687 110.298 21.257
202106 19.360 111.720 21.742
202109 20.224 112.905 22.474
202112 20.794 113.774 22.931
202203 21.016 117.646 22.413
202206 21.602 120.806 22.436
202209 23.753 120.648 24.702
202212 24.097 120.964 24.994
202303 24.976 122.702 25.539
202306 25.177 124.203 25.433
202309 26.088 125.230 26.137
202312 26.005 125.468 26.005

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.


CCL Industries  (TSX:CCL.B) 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.


CCL Industries Cyclically Adjusted PB Ratio Related Terms

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


CCL Industries (TSX:CCL.B) Business Description

Traded in Other Exchanges
Address
111 Gordon Baker Road, Suite 801, Toronto, ON, CAN, M2H 3R1
CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile and Argentina; Europe; and Asia, Australia, Africa and New Zealand.

CCL Industries (TSX:CCL.B) Headlines

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