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Emmi AG (XSWX:EMMN) Cyclically Adjusted PB Ratio : 3.78 (As of May. 15, 2024)


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What is Emmi AG Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Emmi AG's current share price is CHF935.00. Emmi AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF247.26. Emmi AG's Cyclically Adjusted PB Ratio for today is 3.78.

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

XSWX:EMMN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 3.85   Max: 5.04
Current: 3.78

During the past 13 years, Emmi AG's highest Cyclically Adjusted PB Ratio was 5.04. The lowest was 1.13. And the median was 3.85.

XSWX:EMMN's Cyclically Adjusted PB Ratio is ranked worse than
83.29% of 1251 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs XSWX:EMMN: 3.78

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.

Emmi AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF241.684. 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 CHF247.26 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emmi AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Emmi AG'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.

Emmi AG Cyclically Adjusted PB Ratio Chart

Emmi AG 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 3.83 4.07 4.66 3.26 3.68

Emmi AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 4.66 - 3.26 - 3.68

Competitive Comparison of Emmi AG's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Emmi AG'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.


Emmi AG's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Emmi AG 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.

Emmi AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=935.00/247.26
=3.78

* 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.

Emmi AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Emmi AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=241.684/106.4611*106.4611
=241.684

Current CPI (Dec23) = 106.4611.

Emmi AG Annual Data

Book Value per Share CPI Adj_Book
201412 212.785 100.704 224.950
201512 225.759 99.386 241.830
201612 247.028 99.380 264.631
201712 272.200 100.213 289.171
201812 298.824 100.906 315.275
201912 225.577 101.063 237.625
202012 210.669 100.241 223.742
202112 202.065 101.776 211.368
202212 218.583 104.666 222.331
202312 241.684 106.461 241.684

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.


Emmi AG  (XSWX:EMMN) 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.


Emmi AG Cyclically Adjusted PB Ratio Related Terms

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


Emmi AG (XSWX:EMMN) Business Description

Traded in Other Exchanges
Address
Landenbergstrasse 1, Lucerne, CHE, CH-6005
Emmi AG is a Swiss dairy products manufacturer. The company generates revenue in Switzerland, the Americas, other European countries, and the rest of the world (below 5%). By product category, dairy products, cheese, and fresh products are the largest segments. The company also offers powder/concentrates among other products/services. The company's key brands include Caffe Latte, YoQua and Jogurtpur in the fresh products category, and Kaltbach and Der Scharfe Maxx in the cheese segment.

Emmi AG (XSWX:EMMN) Headlines

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