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PepsiCo (UKEX:PEP) Cyclically Adjusted Book per Share : ₴458.03 (As of Mar. 2024)


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What is PepsiCo 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.

PepsiCo's adjusted book value per share for the three months ended in Mar. 2024 was ₴560.692. 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 ₴458.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PepsiCo's average Cyclically Adjusted Book Growth Rate was -1.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.20% 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 PepsiCo was 9.70% per year. The lowest was -0.80% per year. And the median was 4.80% per year.

As of today (2024-06-08), PepsiCo's current stock price is ₴6372.00. PepsiCo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴458.03. PepsiCo's Cyclically Adjusted PB Ratio of today is 13.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PepsiCo was 15.36. The lowest was 6.53. And the median was 9.37.


PepsiCo Cyclically Adjusted Book per Share Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Cyclically Adjusted Book per Share Chart

PepsiCo 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 - - - - 468.97

PepsiCo 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 - - - 468.97 458.03

Competitive Comparison of PepsiCo's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

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

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



PepsiCo 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, PepsiCo'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)
=560.692/131.7762*131.7762
=560.692

Current CPI (Mar. 2024) = 131.7762.

PepsiCo Quarterly Data

Book Value per Share CPI Adj_Book
201406 627.637 100.560 822.474
201409 622.853 100.428 817.276
201412 473.230 99.070 629.460
201503 433.170 99.621 572.986
201506 448.879 100.684 587.498
201509 372.853 100.392 489.415
201512 332.140 99.792 438.592
201603 310.209 100.470 406.868
201606 343.321 101.688 444.905
201609 354.504 101.861 458.617
201612 313.323 101.863 405.335
201703 326.301 102.862 418.022
201706 351.038 103.349 447.594
201709 377.229 104.136 477.356
201712 309.216 104.011 391.759
201803 310.432 105.290 388.524
201806 289.366 106.317 358.660
201809 294.947 106.507 364.925
201812 417.058 105.998 518.485
201903 409.433 107.251 503.061
201906 403.903 108.070 492.505
201909 410.121 108.329 498.888
201912 430.253 108.420 522.939
202003 392.378 108.902 474.797
202006 365.144 108.767 442.387
202009 394.904 109.815 473.879
202012 394.614 109.897 473.178
202103 408.592 111.754 481.795
202106 448.044 114.631 515.056
202109 464.643 115.734 529.047
202112 469.531 117.630 525.999
202203 532.333 121.301 578.304
202206 544.140 125.017 573.561
202209 557.532 125.227 586.692
202212 504.087 125.222 530.472
202303 500.578 127.348 517.985
202306 520.001 128.729 532.311
202309 553.654 129.860 561.826
202312 545.074 129.419 555.000
202403 560.692 131.776 560.692

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


PepsiCo  (UKEX:PEP) 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.

PepsiCo's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6372.00/458.03
=13.91

* 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 PepsiCo was 15.36. The lowest was 6.53. And the median was 9.37.


Be Aware

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


PepsiCo Cyclically Adjusted Book per Share Related Terms

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


PepsiCo (UKEX:PEP) Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.

PepsiCo (UKEX:PEP) Headlines