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Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) Cyclically Adjusted PB Ratio : 5.98 (As of May. 26, 2024)


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What is Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Anadolu Efes Biracilik ve Maltnayi AS's current share price is ₺202.40. Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₺33.83. Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio for today is 5.98.

The historical rank and industry rank for Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:AEFES' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.54   Max: 6.15
Current: 5.98

During the past years, Anadolu Efes Biracilik ve Maltnayi AS's highest Cyclically Adjusted PB Ratio was 6.15. The lowest was 1.11. And the median was 1.54.

IST:AEFES's Cyclically Adjusted PB Ratio is ranked worse than
83.95% of 162 companies
in the Beverages - Alcoholic industry
Industry Median: 2.005 vs IST:AEFES: 5.98

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.

Anadolu Efes Biracilik ve Maltnayi AS's adjusted book value per share data for the three months ended in Mar. 2024 was ₺123.015. 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 ₺33.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Anadolu Efes Biracilik ve Maltnayi AS'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.

Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio Chart

Anadolu Efes Biracilik ve Maltnayi AS 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 1.57 1.40 1.52 2.70 4.48

Anadolu Efes Biracilik ve Maltnayi AS 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 2.46 2.43 3.69 4.48 4.52

Competitive Comparison of Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Anadolu Efes Biracilik ve Maltnayi AS'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.


Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio falls into.



Anadolu Efes Biracilik ve Maltnayi AS 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.

Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=202.40/33.83
=5.98

* 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.

Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Anadolu Efes Biracilik ve Maltnayi AS'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)
=123.015/131.7762*131.7762
=123.015

Current CPI (Mar. 2024) = 131.7762.

Anadolu Efes Biracilik ve Maltnayi AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.999 100.560 20.966
201409 15.817 100.428 20.754
201412 12.851 99.070 17.094
201503 13.354 99.621 17.664
201506 13.691 100.684 17.919
201509 13.939 100.392 18.297
201512 13.018 99.792 17.190
201603 13.087 100.470 17.165
201606 13.512 101.688 17.510
201609 14.198 101.861 18.368
201612 15.643 101.863 20.237
201703 16.431 102.862 21.050
201706 15.685 103.349 19.999
201709 16.248 104.136 20.561
201712 16.571 104.011 20.995
201803 18.707 105.290 23.413
201806 19.687 106.317 24.401
201809 23.368 106.507 28.912
201812 19.202 105.998 23.872
201903 20.300 107.251 24.942
201906 20.530 108.070 25.034
201909 20.319 108.329 24.717
201912 22.255 108.420 27.049
202003 19.727 108.902 23.871
202006 22.663 108.767 27.457
202009 22.033 109.815 26.439
202012 21.628 109.897 25.934
202103 23.092 111.754 27.229
202106 22.780 114.631 26.187
202109 23.919 115.734 27.234
202112 31.608 117.630 35.409
202203 32.033 121.301 34.799
202206 42.455 125.017 44.750
202209 47.115 125.227 49.579
202212 108.988 125.222 114.693
202303 42.765 127.348 44.252
202306 56.449 128.729 57.785
202309 64.422 129.860 65.373
202312 109.031 129.419 111.017
202403 123.015 131.776 123.015

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.


Anadolu Efes Biracilik ve Maltnayi AS  (IST:AEFES) 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.


Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio Related Terms

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Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) Business Description

Traded in Other Exchanges
Address
Fatih Sultan Mehmet Mah. Balkan Cad. No:58, Buyaka E Blok Tepeüstü, Istanbul, TUR, 34771
Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under a number of different brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. Sparkling and still beverages account for more than half of the company's total revenue. Beer sales account for the remaining revenue, with beer sales outside of Turkey (mainly in Russia, Kazakhstan, Georgia, and Moldova) collectively providing more revenue than beer sales in Turkey. The company has breweries, bottling plants, and other production facilities in more than a dozen countries, primarily Turkey and Russia.

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