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Mondelez International (MIL:1MDLZ) Cyclically Adjusted Book per Share : €21.01 (As of Mar. 2024)


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What is Mondelez International 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.

Mondelez International's adjusted book value per share for the three months ended in Mar. 2024 was €19.497. 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 €21.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mondelez International's average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 Mondelez International was 3.30% per year. The lowest was -0.80% per year. And the median was 0.80% per year.

As of today (2024-05-20), Mondelez International's current stock price is €66.04. Mondelez International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €21.01. Mondelez International's Cyclically Adjusted PB Ratio of today is 3.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mondelez International was 3.59. The lowest was 1.42. And the median was 2.32.


Mondelez International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mondelez International'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.

Mondelez International Cyclically Adjusted Book per Share Chart

Mondelez International 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 - - - - 19.51

Mondelez International 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 - - - 19.51 21.01

Competitive Comparison of Mondelez International's Cyclically Adjusted Book per Share

For the Confectioners subindustry, Mondelez International'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.


Mondelez International's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Mondelez International 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, Mondelez International'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)
=19.497/131.7762*131.7762
=19.497

Current CPI (Mar. 2024) = 131.7762.

Mondelez International Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.078 100.560 18.448
201409 14.249 100.428 18.697
201412 13.528 99.070 17.994
201503 13.947 99.621 18.449
201506 13.627 100.684 17.835
201509 16.725 100.392 21.954
201512 16.275 99.792 21.491
201603 16.041 100.470 21.039
201606 15.792 101.688 20.465
201609 15.858 101.861 20.515
201612 15.607 101.863 20.190
201703 15.774 102.862 20.208
201706 15.151 103.349 19.318
201709 14.605 104.136 18.482
201712 14.760 104.011 18.700
201803 14.482 105.290 18.125
201806 14.712 106.317 18.235
201809 14.973 106.507 18.525
201812 15.531 105.998 19.308
201903 15.831 107.251 19.451
201906 16.009 108.070 19.521
201909 16.895 108.329 20.552
201912 17.085 108.420 20.765
202003 16.278 108.902 19.697
202006 16.179 108.767 19.602
202009 15.998 109.815 19.197
202012 15.974 109.897 19.154
202103 16.191 111.754 19.092
202106 16.335 114.631 18.778
202109 16.878 115.734 19.217
202112 17.978 117.630 20.140
202203 18.479 121.301 20.075
202206 18.965 125.017 19.990
202209 19.678 125.227 20.707
202212 18.579 125.222 19.551
202303 19.354 127.348 20.027
202306 19.428 128.729 19.888
202309 19.575 129.860 19.864
202312 19.266 129.419 19.617
202403 19.497 131.776 19.497

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


Mondelez International  (MIL:1MDLZ) 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.

Mondelez International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=66.04/21.01
=3.14

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mondelez International was 3.59. The lowest was 1.42. And the median was 2.32.


Be Aware

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


Mondelez International Cyclically Adjusted Book per Share Related Terms

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


Mondelez International (MIL:1MDLZ) Business Description

Address
905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607
Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (50% of sales), chocolate (30%), gum/candy (11%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2022. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives just shy of 40% of revenue from developing markets, about one third from Europe, and the remainder from North America.

Mondelez International (MIL:1MDLZ) Headlines

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