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PepsiCo (BSP:PEPB34) Cyclically Adjusted PB Ratio : 14.47 (As of Jun. 08, 2024)


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What is PepsiCo Cyclically Adjusted PB Ratio?

As of today (2024-06-08), PepsiCo's current share price is R$60.78. PepsiCo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$4.20. PepsiCo's Cyclically Adjusted PB Ratio for today is 14.47.

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

BSP:PEPB34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.53   Med: 9.37   Max: 15.36
Current: 13.6

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

BSP:PEPB34's Cyclically Adjusted PB Ratio is ranked worse than
93.9% of 82 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.36 vs BSP:PEPB34: 13.60

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 adjusted book value per share data for the three months ended in Mar. 2024 was R$4.599. 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 R$4.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PepsiCo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Cyclically Adjusted PB Ratio Chart

PepsiCo 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 10.88 12.19 14.03 14.21 13.59

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 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 14.28 14.52 13.31 13.59 13.91

Competitive Comparison of PepsiCo's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.78/4.2
=14.47

* 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.

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

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)
=4.599/131.7762*131.7762
=4.599

Current CPI (Mar. 2024) = 131.7762.

PepsiCo Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.311 100.560 3.028
201409 2.398 100.428 3.147
201412 2.059 99.070 2.739
201503 2.241 99.621 2.964
201506 2.301 100.684 3.012
201509 2.397 100.392 3.146
201512 2.123 99.792 2.803
201603 1.889 100.470 2.478
201606 1.936 101.688 2.509
201609 1.900 101.861 2.458
201612 1.731 101.863 2.239
201703 1.681 102.862 2.154
201706 1.905 103.349 2.429
201709 1.946 104.136 2.463
201712 1.678 104.011 2.126
201803 1.677 105.290 2.099
201806 1.797 106.317 2.227
201809 1.996 106.507 2.470
201812 2.668 105.998 3.317
201903 2.590 107.251 3.182
201906 2.565 108.070 3.128
201909 2.783 108.329 3.385
201912 2.909 108.420 3.536
202003 3.158 108.902 3.821
202006 3.120 108.767 3.780
202009 3.512 109.815 4.214
202012 3.344 109.897 4.010
202103 3.792 111.754 4.471
202106 3.711 114.631 4.266
202109 4.040 115.734 4.600
202112 4.373 117.630 4.899
202203 4.363 121.301 4.740
202206 4.524 125.017 4.769
202209 4.815 125.227 5.067
202212 4.355 125.222 4.583
202303 4.294 127.348 4.443
202306 4.157 128.729 4.255
202309 4.504 129.860 4.570
202312 4.399 129.419 4.479
202403 4.599 131.776 4.599

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.


PepsiCo  (BSP:PEPB34) 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.


PepsiCo Cyclically Adjusted PB Ratio Related Terms

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


PepsiCo (BSP:PEPB34) 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 (BSP:PEPB34) Headlines

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