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United Breweries Co (FRA:CVU) Cyclically Adjusted Book per Share : €7.51 (As of Mar. 2024)


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What is United Breweries Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

United Breweries Co's adjusted book value per share for the three months ended in Mar. 2024 was €8.141. 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 €7.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United Breweries Co's average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of United Breweries Co was 12.90% per year. The lowest was -0.20% per year. And the median was 9.15% per year.

As of today (2024-05-20), United Breweries Co's current stock price is €11.90. United Breweries Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.51. United Breweries Co's Cyclically Adjusted PB Ratio of today is 1.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Breweries Co was 4.78. The lowest was 1.19. And the median was 3.37.


United Breweries Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Breweries Co's Cyclically Adjusted Book per Share 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.

United Breweries Co Cyclically Adjusted Book per Share Chart

United Breweries Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.65 7.02 7.04 8.75 8.24

United Breweries Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 9.42 9.18 8.55 8.24 7.51

Competitive Comparison of United Breweries Co's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, United Breweries Co'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.


United Breweries Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Breweries Co's Cyclically Adjusted PB Ratio falls into.



United Breweries Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, United Breweries Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.141/146.1089*146.1089
=8.141

Current CPI (Mar. 2024) = 146.1089.

United Breweries Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.279 95.543 11.131
201409 7.012 96.883 10.575
201412 7.412 97.515 11.106
201503 8.358 98.539 12.393
201506 8.018 99.770 11.742
201509 7.345 101.383 10.585
201512 7.431 101.775 10.668
201603 7.595 102.930 10.781
201606 7.682 103.965 10.796
201609 7.755 104.521 10.841
201612 8.284 104.532 11.579
201703 8.393 105.752 11.596
201706 7.940 105.730 10.972
201709 7.783 106.035 10.724
201712 8.186 106.907 11.188
201803 8.025 107.670 10.890
201806 8.311 108.421 11.200
201809 8.489 109.369 11.341
201812 8.755 109.653 11.666
201903 8.850 110.339 11.719
201906 9.082 111.352 11.917
201909 8.606 111.821 11.245
201912 8.688 112.943 11.239
202003 7.769 114.468 9.916
202006 7.769 114.283 9.933
202009 7.628 115.275 9.668
202012 7.914 116.299 9.943
202103 8.104 117.770 10.054
202106 8.104 118.630 9.981
202109 8.048 121.431 9.684
202112 7.231 124.634 8.477
202203 7.979 128.850 9.048
202206 7.641 133.448 8.366
202209 7.877 138.101 8.334
202212 7.750 140.574 8.055
202303 8.190 143.145 8.360
202306 8.073 143.538 8.218
202309 7.528 145.172 7.577
202312 6.927 146.109 6.927
202403 8.141 146.109 8.141

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


United Breweries Co  (FRA:CVU) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

United Breweries Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.90/7.51
=1.58

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Breweries Co was 4.78. The lowest was 1.19. And the median was 3.37.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


United Breweries Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of United Breweries Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


United Breweries Co (FRA:CVU) Business Description

Traded in Other Exchanges
Address
Avenida Vitacura N° 2670, Twenty-Third Floor, Santiago, CHL
United Breweries Co Inc is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The company is a player in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, juice, wine, cider and pisco, among others. The Company has three operating segment with respect to its revenues in the geographic areas of commercial activity: Chile; International business and Wine. It generates maximum revenue from Chile.

United Breweries Co (FRA:CVU) Headlines

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