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United Breweries (BOM:532478) Cyclically Adjusted PB Ratio : 12.82 (As of May. 27, 2024)


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What is United Breweries Cyclically Adjusted PB Ratio?

As of today (2024-05-27), United Breweries's current share price is ₹1870.65. United Breweries's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was ₹145.88. United Breweries's Cyclically Adjusted PB Ratio for today is 12.82.

The historical rank and industry rank for United Breweries's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOM:532478' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.77   Med: 11.84   Max: 15.77
Current: 12.82

During the past 13 years, United Breweries's highest Cyclically Adjusted PB Ratio was 15.77. The lowest was 8.77. And the median was 11.84.

BOM:532478's Cyclically Adjusted PB Ratio is ranked worse than
94.44% of 162 companies
in the Beverages - Alcoholic industry
Industry Median: 2.005 vs BOM:532478: 12.82

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.

United Breweries's adjusted book value per share data of for the fiscal year that ended in Mar24 was ₹158.028. 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 ₹145.88 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Breweries Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Breweries'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.

United Breweries Cyclically Adjusted PB Ratio Chart

United Breweries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.15 11.28 12.20 10.57 11.88

United Breweries 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 10.57 - - - 11.88

Competitive Comparison of United Breweries's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, United Breweries'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.


United Breweries's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

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



United Breweries 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.

United Breweries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1870.65/145.88
=12.82

* 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.

United Breweries's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, United Breweries's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=158.028/153.0345*153.0345
=158.028

Current CPI (Mar24) = 153.0345.

United Breweries Annual Data

Book Value per Share CPI Adj_Book
201503 71.296 97.163 112.293
201603 81.206 102.518 121.221
201703 88.282 105.196 128.429
201803 101.748 109.786 141.830
201903 120.413 118.202 155.897
202003 133.139 124.705 163.384
202103 135.485 131.771 157.348
202203 148.829 138.822 164.066
202303 149.955 146.865 156.255
202403 158.028 153.035 158.028

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.


United Breweries  (BOM:532478) 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.


United Breweries Cyclically Adjusted PB Ratio Related Terms

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


United Breweries (BOM:532478) Business Description

Traded in Other Exchanges
Address
No. 24 Vittal Mallya Road, UB Tower, UB City, Bengaluru, KA, IND, 560 001
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand for sale worldwide. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaroo, and London Pilsner. United Breweries also sells the Heineken brand in India.

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