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Charoen Pokphand Foods PCL (BKK:CPF) Cyclically Adjusted PB Ratio : 0.87 (As of May. 26, 2024)


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What is Charoen Pokphand Foods PCL Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Charoen Pokphand Foods PCL's current share price is ฿23.20. Charoen Pokphand Foods PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿26.57. Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio for today is 0.87.

The historical rank and industry rank for Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:CPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.52   Max: 1.98
Current: 0.87

During the past years, Charoen Pokphand Foods PCL's highest Cyclically Adjusted PB Ratio was 1.98. The lowest was 0.68. And the median was 1.52.

BKK:CPF's Cyclically Adjusted PB Ratio is ranked better than
69.16% of 1281 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs BKK:CPF: 0.87

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.

Charoen Pokphand Foods PCL's adjusted book value per share data for the three months ended in Mar. 2024 was ฿32.081. 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 ฿26.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Charoen Pokphand Foods PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio 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.

Charoen Pokphand Foods PCL Cyclically Adjusted PB Ratio Chart

Charoen Pokphand Foods PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.67 1.48 1.21 1.05 0.76

Charoen Pokphand Foods PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.87 0.79 0.81 0.76 0.70

Competitive Comparison of Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Charoen Pokphand Foods PCL'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.


Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Charoen Pokphand Foods PCL Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.20/26.57
=0.87

* 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.

Charoen Pokphand Foods PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Charoen Pokphand Foods PCL'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)
=32.081/131.7762*131.7762
=32.081

Current CPI (Mar. 2024) = 131.7762.

Charoen Pokphand Foods PCL Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.610 100.560 19.145
201409 15.954 100.428 20.934
201412 15.909 99.070 21.161
201503 15.810 99.621 20.913
201506 15.927 100.684 20.845
201509 16.238 100.392 21.314
201512 15.750 99.792 20.798
201603 16.420 100.470 21.536
201606 16.587 101.688 21.495
201609 16.607 101.861 21.484
201612 18.097 101.863 23.411
201703 20.200 102.862 25.878
201706 19.974 103.349 25.468
201709 21.073 104.136 26.666
201712 21.761 104.011 27.570
201803 20.451 105.290 25.596
201806 20.867 106.317 25.864
201809 20.213 106.507 25.009
201812 20.224 105.998 25.142
201903 20.611 107.251 25.324
201906 20.382 108.070 24.853
201909 20.404 108.329 24.820
201912 20.559 108.420 24.988
202003 23.239 108.902 28.120
202006 22.738 108.767 27.548
202009 23.638 109.815 28.365
202012 24.029 109.897 28.813
202103 25.535 111.754 30.110
202106 26.271 114.631 30.200
202109 26.273 115.734 29.915
202112 27.228 117.630 30.503
202203 27.470 121.301 29.842
202206 31.586 125.017 33.294
202209 32.295 125.227 33.984
202212 32.262 125.222 33.951
202303 31.245 127.348 32.332
202306 30.710 128.729 31.437
202309 30.348 129.860 30.796
202312 30.918 129.419 31.481
202403 32.081 131.776 32.081

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


Charoen Pokphand Foods PCL  (BKK:CPF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Charoen Pokphand Foods PCL Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Charoen Pokphand Foods PCL's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Charoen Pokphand Foods PCL (BKK:CPF) Business Description

Traded in Other Exchanges
Address
Silom Road, 313 C.P. Tower, Silom, Bangrak, Bangkok, THA, 10500
Charoen Pokphand Foods PCL operates in agro-industrial and integrated food businesses. The group's business operations are located throughout Thailand and overseas. The businesses are divided into two main segments namely the livestock business which comprises chicken, duck and pigs and the aquaculture business comprises shrimp and fish. The two main businesses are vertically integrated, starting from sourcing raw materials for animal feed production, manufacturing animal feed, breeding animals, farming animals for commercial purposes, primary processing meat, producing ready-to-eat food products, and including operating food retail outlets and restaurants.