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San Miguel Food And Beverage (PHS:FB) Cyclically Adjusted PB Ratio : 1.96 (As of Jun. 09, 2024)


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What is San Miguel Food And Beverage Cyclically Adjusted PB Ratio?

As of today (2024-06-09), San Miguel Food And Beverage's current share price is ₱46.00. San Miguel Food And Beverage's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱23.52. San Miguel Food And Beverage's Cyclically Adjusted PB Ratio for today is 1.96.

The historical rank and industry rank for San Miguel Food And Beverage's Cyclically Adjusted PB Ratio or its related term are showing as below:

PHS:FB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.45   Med: 2.9   Max: 5.16
Current: 1.96

During the past years, San Miguel Food And Beverage's highest Cyclically Adjusted PB Ratio was 5.16. The lowest was 1.45. And the median was 2.90.

PHS:FB's Cyclically Adjusted PB Ratio is ranked worse than
63.48% of 1358 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs PHS:FB: 1.96

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.

San Miguel Food And Beverage's adjusted book value per share data for the three months ended in Mar. 2024 was ₱19.006. 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 ₱23.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


San Miguel Food And Beverage Cyclically Adjusted PB Ratio Historical Data

The historical data trend for San Miguel Food And Beverage'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.

San Miguel Food And Beverage Cyclically Adjusted PB Ratio Chart

San Miguel Food And Beverage 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 3.79 2.93 3.05 1.63 2.19

San Miguel Food And Beverage 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 2.01 1.89 2.24 2.19 2.08

Competitive Comparison of San Miguel Food And Beverage's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, San Miguel Food And Beverage'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.


San Miguel Food And Beverage's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, San Miguel Food And Beverage's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where San Miguel Food And Beverage's Cyclically Adjusted PB Ratio falls into.



San Miguel Food And Beverage 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.

San Miguel Food And Beverage's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.00/23.52
=1.96

* 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.

San Miguel Food And Beverage's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, San Miguel Food And Beverage'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)
=19.006/131.7762*131.7762
=19.006

Current CPI (Mar. 2024) = 131.7762.

San Miguel Food And Beverage Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.884 100.560 26.057
201409 20.147 100.428 26.436
201412 20.451 99.070 27.203
201503 20.984 99.621 27.757
201506 21.252 100.684 27.815
201509 21.658 100.392 28.429
201512 22.183 99.792 29.293
201603 22.818 100.470 29.928
201606 23.283 101.688 30.172
201609 23.746 101.861 30.720
201612 24.631 101.863 31.864
201703 25.389 102.862 32.526
201706 26.082 103.349 33.256
201709 26.709 104.136 33.798
201712 47.209 104.011 59.811
201803 27.840 105.290 34.843
201806 14.137 106.317 17.522
201809 14.433 106.507 17.857
201812 14.773 105.998 18.366
201903 14.948 107.251 18.366
201906 15.183 108.070 18.514
201909 15.587 108.329 18.961
201912 16.042 108.420 19.498
202003 13.610 108.902 16.469
202006 13.321 108.767 16.139
202009 13.478 109.815 16.173
202012 13.895 109.897 16.661
202103 14.651 111.754 17.276
202106 15.142 114.631 17.407
202109 15.497 115.734 17.645
202112 15.761 117.630 17.656
202203 16.434 121.301 17.853
202206 17.188 125.017 18.117
202209 17.382 125.227 18.291
202212 17.428 125.222 18.340
202303 17.941 127.348 18.565
202306 18.429 128.729 18.865
202309 18.415 129.860 18.687
202312 18.427 129.419 18.763
202403 19.006 131.776 19.006

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.


San Miguel Food And Beverage  (PHS:FB) 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.


San Miguel Food And Beverage Cyclically Adjusted PB Ratio Related Terms

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


San Miguel Food And Beverage (PHS:FB) Business Description

Traded in Other Exchanges
N/A
Address
No. 100 E. Rodriguez Jr. Avenue (C-5 Road), Barangay Ugong, Pasig, PHL, 1604
San Miguel Food And Beverage Inc is a food company located in the Philippines. The company and its subsidiaries are involved in poultry and livestock operations, feeds and flour milling, dairy and coffee operations, franchising and young animal ration manufacturing and distribution. The firm sells and markets its products under B-meg, Magnolia, Monterey, San Miguel Mills, Pure foods, Hungry Juan brand names. Its operating segments include Beer and non-alcoholic beverages (NAB), Spirits, and Food. The company generates maximum revenue from Food segment.

San Miguel Food And Beverage (PHS:FB) Headlines

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