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Lanka Milk Foods (CWE) (COL:LMF.N0000) Cyclically Adjusted PB Ratio : 0.89 (As of May. 26, 2024)


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What is Lanka Milk Foods (CWE) Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Lanka Milk Foods (CWE)'s current share price is රු31.60. Lanka Milk Foods (CWE)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was රු35.40. Lanka Milk Foods (CWE)'s Cyclically Adjusted PB Ratio for today is 0.89.

The historical rank and industry rank for Lanka Milk Foods (CWE)'s Cyclically Adjusted PB Ratio or its related term are showing as below:

COL:LMF.N0000' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.47   Max: 0.94
Current: 0.89

During the past years, Lanka Milk Foods (CWE)'s highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.31. And the median was 0.47.

COL:LMF.N0000's Cyclically Adjusted PB Ratio is ranked better than
67.21% of 1281 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs COL:LMF.N0000: 0.89

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.

Lanka Milk Foods (CWE)'s adjusted book value per share data for the three months ended in Dec. 2023 was රු53.177. 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 රු35.40 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lanka Milk Foods (CWE) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lanka Milk Foods (CWE)'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.

Lanka Milk Foods (CWE) Cyclically Adjusted PB Ratio Chart

Lanka Milk Foods (CWE) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.43 0.42

Lanka Milk Foods (CWE) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.37 0.42 0.40 0.48 0.65

Competitive Comparison of Lanka Milk Foods (CWE)'s Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Lanka Milk Foods (CWE)'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.


Lanka Milk Foods (CWE)'s Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lanka Milk Foods (CWE)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lanka Milk Foods (CWE)'s Cyclically Adjusted PB Ratio falls into.



Lanka Milk Foods (CWE) 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.

Lanka Milk Foods (CWE)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.60/35.4
=0.89

* 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.

Lanka Milk Foods (CWE)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Lanka Milk Foods (CWE)'s adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=53.177/129.4194*129.4194
=53.177

Current CPI (Dec. 2023) = 129.4194.

Lanka Milk Foods (CWE) Quarterly Data

Book Value per Share CPI Adj_Book
201403 24.889 99.695 32.310
201406 25.174 100.560 32.399
201409 25.844 100.428 33.305
201412 25.898 99.070 33.832
201503 28.441 99.621 36.948
201506 31.333 100.684 40.276
201509 31.876 100.392 41.093
201512 29.140 99.792 37.791
201603 25.369 100.470 32.679
201606 25.591 101.688 32.570
201609 29.016 101.861 36.866
201612 28.997 101.863 36.841
201703 29.501 102.862 37.118
201706 33.109 103.349 41.461
201709 29.673 104.136 36.878
201712 30.130 104.011 37.490
201803 31.149 105.290 38.288
201806 29.721 106.317 36.179
201809 28.104 106.507 34.150
201812 28.050 105.998 34.248
201903 22.116 107.251 26.687
201906 24.523 108.070 29.368
201909 25.514 108.329 30.481
201912 25.864 108.420 30.873
202003 26.033 108.902 30.938
202006 21.116 108.767 25.125
202009 23.278 109.815 27.434
202012 30.979 109.897 36.482
202103 28.166 111.754 32.618
202106 30.279 114.631 34.185
202109 35.638 115.734 39.852
202112 34.945 117.630 38.448
202203 28.585 121.301 30.498
202206 28.228 125.017 29.222
202209 35.511 125.227 36.700
202212 32.507 125.222 33.597
202303 36.763 127.348 37.361
202306 38.433 128.729 38.639
202309 51.841 129.860 51.665
202312 53.177 129.419 53.177

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.


Lanka Milk Foods (CWE)  (COL:LMF.N0000) 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.


Lanka Milk Foods (CWE) Cyclically Adjusted PB Ratio Related Terms

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


Lanka Milk Foods (CWE) (COL:LMF.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 579/1, Welisara, Ragama, LKA
Lanka Milk Foods (CWE) PLC is engaged in the business of importing, packing, manufacturing, marketing, and distributing milk allied products. The company's operating segment includes Powdered Milk; Liquid Milk and Others, Agriculture and Trading. It generates maximum revenue from the Liquid Milk and Others segment. The Liquid Milk and Others segment includes the operating chain of packing and selling of UHT products, Daily, Ambewela Farm Fresh Milk, and fruit juice.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Headlines

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