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Lifeway Foods (FRA:LWF) Cyclically Adjusted Book per Share : €3.72 (As of Mar. 2024)


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What is Lifeway Foods 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.

Lifeway Foods's adjusted book value per share for the three months ended in Mar. 2024 was €3.979. 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 €3.72 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lifeway Foods's average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 Lifeway Foods was 23.70% per year. The lowest was 4.20% per year. And the median was 11.60% per year.

As of today (2024-06-08), Lifeway Foods's current stock price is €11.60. Lifeway Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.72. Lifeway Foods's Cyclically Adjusted PB Ratio of today is 3.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lifeway Foods was 10.76. The lowest was 0.60. And the median was 2.76.


Lifeway Foods Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lifeway Foods'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.

Lifeway Foods Cyclically Adjusted Book per Share Chart

Lifeway Foods 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 2.61 2.43 2.94 3.18 3.17

Lifeway Foods 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 3.17 3.29 3.40 3.17 3.72

Competitive Comparison of Lifeway Foods's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Lifeway 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.


Lifeway Foods's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Lifeway Foods 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, Lifeway Foods'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)
=3.979/131.7762*131.7762
=3.979

Current CPI (Mar. 2024) = 131.7762.

Lifeway Foods Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.014 100.560 2.639
201409 2.169 100.428 2.846
201412 2.218 99.070 2.950
201503 2.567 99.621 3.396
201506 2.481 100.684 3.247
201509 2.526 100.392 3.316
201512 2.563 99.792 3.384
201603 2.528 100.470 3.316
201606 2.630 101.688 3.408
201609 2.632 101.861 3.405
201612 2.838 101.863 3.671
201703 2.808 102.862 3.597
201706 2.730 103.349 3.481
201709 2.544 104.136 3.219
201712 2.459 104.011 3.115
201803 2.333 105.290 2.920
201806 2.469 106.317 3.060
201809 2.445 106.507 3.025
201812 2.357 105.998 2.930
201903 2.383 107.251 2.928
201906 2.372 108.070 2.892
201909 2.436 108.329 2.963
201912 2.478 108.420 3.012
202003 2.534 108.902 3.066
202006 2.542 108.767 3.080
202009 2.530 109.815 3.036
202012 2.468 109.897 2.959
202103 2.596 111.754 3.061
202106 2.652 114.631 3.049
202109 2.702 115.734 3.077
202112 2.817 117.630 3.156
202203 2.844 121.301 3.090
202206 3.001 125.017 3.163
202209 3.292 125.227 3.464
202212 3.066 125.222 3.226
202303 3.109 127.348 3.217
202306 3.286 128.729 3.364
202309 3.570 129.860 3.623
202312 3.772 129.419 3.841
202403 3.979 131.776 3.979

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


Lifeway Foods  (FRA:LWF) 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.

Lifeway Foods's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.60/3.72
=3.12

* 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 Lifeway Foods was 10.76. The lowest was 0.60. And the median was 2.76.


Be Aware

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


Lifeway Foods Cyclically Adjusted Book per Share Related Terms

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


Lifeway Foods (FRA:LWF) Business Description

Traded in Other Exchanges
Address
6431 West Oakton Street, Morton Grove, IL, USA, 60053
Lifeway Foods Inc is engaged in manufacturing probiotic, cultured, functional dairy health food products. Its primary product is drinkable kefir which is a cultured dairy product. Its product categories are Drinkable Kefir which is the key revenue-driving product, European-style soft cheeses, Cream, ProBugs, Frozen Kefir and Other dairy. The company manufacture and market products under the Lifeway and Fresh Made brand names, as well as under private labels on behalf of customers. It sells the products primarily through direct sales force, brokers, and distributors.

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