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Sysco (WBO:SYY) Cyclically Adjusted Book per Share : €5.52 (As of Mar. 2024)


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What is Sysco 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.

Sysco's adjusted book value per share for the three months ended in Mar. 2024 was €3.874. 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 €5.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sysco's average Cyclically Adjusted Book Growth Rate was -8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.40% 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 Sysco was 11.10% per year. The lowest was -4.50% per year. And the median was 8.30% per year.

As of today (2024-05-23), Sysco's current stock price is €67.89. Sysco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.52. Sysco's Cyclically Adjusted PB Ratio of today is 12.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sysco was 13.53. The lowest was 4.70. And the median was 8.27.


Sysco Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sysco'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.

Sysco Cyclically Adjusted Book per Share Chart

Sysco Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 6.66 5.79

Sysco 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 5.96 5.79 5.94 5.45 5.52

Competitive Comparison of Sysco's Cyclically Adjusted Book per Share

For the Food Distribution subindustry, Sysco'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.


Sysco's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Sysco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sysco 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, Sysco'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)
=3.874/131.7762*131.7762
=3.874

Current CPI (Mar. 2024) = 131.7762.

Sysco Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.613 100.560 8.666
201409 7.031 100.428 9.226
201412 7.331 99.070 9.751
201503 8.274 99.621 10.945
201506 7.886 100.684 10.321
201509 7.930 100.392 10.409
201512 6.386 99.792 8.433
201603 6.309 100.470 8.275
201606 5.534 101.688 7.171
201609 4.903 101.861 6.343
201612 4.344 101.863 5.620
201703 4.065 102.862 5.208
201706 3.999 103.349 5.099
201709 3.595 104.136 4.549
201712 3.677 104.011 4.659
201803 3.662 105.290 4.583
201806 4.122 106.317 5.109
201809 4.347 106.507 5.378
201812 3.710 105.998 4.612
201903 4.068 107.251 4.998
201906 4.318 108.070 5.265
201909 4.363 108.329 5.307
201912 4.470 108.420 5.433
202003 3.620 108.902 4.380
202006 2.024 108.767 2.452
202009 2.168 109.815 2.602
202012 2.300 109.897 2.758
202103 2.293 111.754 2.704
202106 2.518 114.631 2.895
202109 2.776 115.734 3.161
202112 2.131 117.630 2.387
202203 2.359 121.301 2.563
202206 2.571 125.017 2.710
202209 2.223 125.227 2.339
202212 2.673 125.222 2.813
202303 2.905 127.348 3.006
202306 3.670 128.729 3.757
202309 3.951 129.860 4.009
202312 4.377 129.419 4.457
202403 3.874 131.776 3.874

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


Sysco  (WBO:SYY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=67.89/5.52
=12.30

* 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 Sysco was 13.53. The lowest was 4.70. And the median was 8.27.


Be Aware

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


Sysco Cyclically Adjusted Book per Share Related Terms

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


Sysco (WBO:SYY) Business Description

Industry
Address
1390 Enclave Parkway, Houston, TX, USA, 77077-2099
Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.

Sysco (WBO:SYY) Headlines

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