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Hillshire Brands Co (FRA:LEE1) Cyclically Adjusted PB Ratio : (As of Jun. 08, 2024)


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What is Hillshire Brands Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hillshire Brands Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hillshire Brands Co'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.

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Hillshire Brands Co Cyclically Adjusted PB Ratio Chart

Hillshire Brands Co Annual Data
Trend Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Cyclically Adjusted PB Ratio
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Hillshire Brands Co Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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Competitive Comparison of Hillshire Brands Co's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Hillshire Brands Co'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.


Hillshire Brands Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hillshire Brands Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hillshire Brands Co 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.

Hillshire Brands Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2014 is calculated as:

For example, Hillshire Brands Co's adjusted Book Value per Share data for the three months ended in Jun. 2014 was:

Adj_Book=Book Value per Share/CPI of Jun. 2014 (Change)*Current CPI (Jun. 2014)
=3.781/100.5595*100.5595
=3.781

Current CPI (Jun. 2014) = 100.5595.

Hillshire Brands Co Quarterly Data

Book Value per Share CPI Adj_Book
200409 15.547 80.121 19.513
200412 16.937 80.290 21.213
200503 16.648 81.555 20.527
200506 14.123 82.062 17.307
200509 11.905 83.876 14.273
200512 14.133 83.032 17.116
200603 13.595 84.298 16.218
200606 12.695 85.606 14.913
200609 14.047 85.606 16.501
200612 12.839 85.142 15.164
200703 13.453 86.640 15.614
200706 13.271 87.906 15.181
200709 14.271 87.964 16.314
200712 14.663 88.616 16.639
200803 15.261 90.090 17.035
200806 12.801 92.320 13.943
200809 13.434 92.307 14.635
200812 12.074 88.697 13.689
200903 11.808 89.744 13.231
200906 10.384 91.003 11.474
200909 12.403 91.120 13.688
200912 13.470 91.111 14.867
201003 9.343 91.821 10.232
201006 9.037 91.962 9.882
201009 8.655 92.162 9.444
201012 11.999 92.474 13.048
201103 9.050 94.283 9.652
201106 11.557 95.235 12.203
201109 9.818 95.727 10.314
201112 12.832 95.213 13.552
201203 13.681 96.783 14.215
201206 1.552 96.819 1.612
201209 2.000 97.633 2.060
201212 2.274 96.871 2.361
201303 2.627 98.209 2.690
201306 2.983 98.518 3.045
201309 2.938 98.790 2.991
201312 3.344 98.326 3.420
201403 3.504 99.695 3.534
201406 3.781 100.560 3.781

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.


Hillshire Brands Co  (FRA:LEE1) 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.


Hillshire Brands Co Cyclically Adjusted PB Ratio Related Terms

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Hillshire Brands Co (FRA:LEE1) Business Description

Traded in Other Exchanges
N/A
Address
Hillshire Brands Co was organized as a corporation in Baltimore, Maryland in 1941 as The C.D. Kenny Company, was renamed Sara Lee Corporation in 1985 and adopted its current name in June 2012. It is a manufacturer and marketer of food products. It provides meat-centric food solutions for the retail and foodservice markets. The Company's Brands' portfolio includes iconic brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame. Its operations are organized around two business segments - Retail and Foodservice/Other. Retail sells a variety of packaged meat and frozen bakery products to retail customers in North America. Products include hot dogs and corn dogs, breakfast sausages, breakfast convenience items, including breakfast sandwiches and bowls, dinner sausages, premium deli and luncheon meats and cooked hams, as well as frozen pies, cakes, cheesecakes and other desserts. The primary raw materials for the segment's products include pork and beef, which are purchased almost entirely from third party suppliers and independent farmers, and poultry. The branded meat business is highly competitive, with an emphasis on product quality, innovation and value. New product innovations are a key component to its success. The Retail segment competes with other international, national, regional and local companies in each of the product categories. Foodservice/Other sells a variety of meat and bakery products to foodservice customers in North America. Products include hot dogs and corn dogs, breakfast sausages and sandwiches, dinner sausages, premium deli and luncheon meats, ham, beef and turkey as well as a variety of bakery products, including pastries, muffins, frozen pies, cakes and cheesecakes. The primary raw materials for Foodservice/Other's products include pork, beef and poultry and, to a lesser extent, wheat flour, sugar, corn syrup, cooking oils, butter, fruit and eggs, which are purchased from independent suppliers and farmers. The Foodservice/Other segment competes with other international, national, regional and local companies in each of its product categories. It considers major mass retailers and supermarket chains in the United States to be its most significant customers. The Company is subject to regulations administered by the U.S. Department of Agriculture and the Food and Drug Administration.

Hillshire Brands Co (FRA:LEE1) Headlines

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