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Premium Brands Holdings (TSX:PBH) Cyclically Adjusted PB Ratio : 3.24 (As of Apr. 28, 2024)


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What is Premium Brands Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Premium Brands Holdings's current share price is C$90.03. Premium Brands Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$27.80. Premium Brands Holdings's Cyclically Adjusted PB Ratio for today is 3.24.

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

TSX:PBH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.93   Med: 5.82   Max: 11.03
Current: 3.24

During the past years, Premium Brands Holdings's highest Cyclically Adjusted PB Ratio was 11.03. The lowest was 1.93. And the median was 5.82.

TSX:PBH's Cyclically Adjusted PB Ratio is ranked worse than
79.58% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs TSX:PBH: 3.24

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.

Premium Brands Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was C$39.776. 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$27.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Premium Brands Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Premium Brands Holdings'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.

Premium Brands Holdings Cyclically Adjusted PB Ratio Chart

Premium Brands Holdings 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 6.37 6.06 6.32 3.41 3.38

Premium Brands Holdings 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 3.41 3.98 4.00 3.51 3.38

Competitive Comparison of Premium Brands Holdings's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Premium Brands Holdings'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.


Premium Brands Holdings's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Premium Brands Holdings's Cyclically Adjusted PB Ratio falls into.



Premium Brands Holdings 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.

Premium Brands Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=90.03/27.8
=3.24

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

For example, Premium Brands Holdings'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)
=39.776/125.4675*125.4675
=39.776

Current CPI (Dec. 2023) = 125.4675.

Premium Brands Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.466 98.604 12.045
201406 9.136 99.473 11.523
201409 9.270 99.394 11.702
201412 9.179 98.367 11.708
201503 9.814 99.789 12.339
201506 9.783 100.500 12.213
201509 10.304 100.421 12.874
201512 11.772 99.947 14.778
201603 12.004 101.054 14.904
201606 12.834 102.002 15.787
201609 13.724 101.765 16.921
201612 14.340 101.449 17.735
201703 14.370 102.634 17.567
201706 14.397 103.029 17.533
201709 14.792 103.345 17.958
201712 16.159 103.345 19.618
201803 16.781 105.004 20.051
201806 22.444 105.557 26.677
201809 23.920 105.636 28.411
201812 24.448 105.399 29.103
201903 21.877 106.979 25.658
201906 28.394 107.690 33.081
201909 28.740 107.611 33.509
201912 28.718 107.769 33.434
202003 29.168 107.927 33.908
202006 28.561 108.401 33.057
202009 32.978 108.164 38.254
202012 36.736 108.559 42.458
202103 36.602 110.298 41.636
202106 36.103 111.720 40.546
202109 36.878 112.905 40.981
202112 39.774 113.774 43.862
202203 39.461 117.646 42.085
202206 40.200 120.806 41.751
202209 40.794 120.648 42.424
202212 40.833 120.964 42.353
202303 40.094 122.702 40.998
202306 39.899 124.203 40.305
202309 40.230 125.230 40.306
202312 39.776 125.468 39.776

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.


Premium Brands Holdings  (TSX:PBH) 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.


Premium Brands Holdings Cyclically Adjusted PB Ratio Related Terms

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


Premium Brands Holdings (TSX:PBH) Business Description

Traded in Other Exchanges
Address
100 - 10991 Shellbridge Way, Richmond, BC, CAN, V6X 3C6
Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems. Its geographical segments are the United States and Canada.