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BRF (STU:P5Y) Cyclically Adjusted PB Ratio : 1.11 (As of Jun. 08, 2024)


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What is BRF Cyclically Adjusted PB Ratio?

As of today (2024-06-08), BRF's current share price is €3.22. BRF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €2.89. BRF's Cyclically Adjusted PB Ratio for today is 1.11.

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

STU:P5Y' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 1.5   Max: 4.73
Current: 1.15

During the past years, BRF's highest Cyclically Adjusted PB Ratio was 4.73. The lowest was 0.35. And the median was 1.50.

STU:P5Y's Cyclically Adjusted PB Ratio is ranked better than
56.77% of 1358 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs STU:P5Y: 1.15

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.

BRF's adjusted book value per share data for the three months ended in Mar. 2024 was €1.686. 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 €2.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BRF Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BRF'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.

BRF Cyclically Adjusted PB Ratio Chart

BRF 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 1.76 1.16 1.18 0.48 0.85

BRF 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 0.36 0.53 0.62 0.85 1.03

Competitive Comparison of BRF's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, BRF'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.


BRF's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



BRF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.22/2.89
=1.11

* 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.

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

For example, BRF'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)
=1.686/159.3724*159.3724
=1.686

Current CPI (Mar. 2024) = 159.3724.

BRF Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.426 91.838 9.416
201409 5.555 92.602 9.560
201412 5.256 94.194 8.893
201503 4.869 97.799 7.934
201506 4.809 100.006 7.664
201509 3.634 101.392 5.712
201512 3.758 104.247 5.745
201603 3.863 106.979 5.755
201606 3.890 108.851 5.696
201609 4.042 109.986 5.857
201612 3.987 110.802 5.735
201703 4.111 111.869 5.857
201706 3.656 112.115 5.197
201709 3.794 112.777 5.362
201712 3.371 114.068 4.710
201803 3.215 114.868 4.461
201806 2.402 117.038 3.271
201809 2.111 117.881 2.854
201812 1.849 118.340 2.490
201903 1.828 120.124 2.425
201906 1.940 120.977 2.556
201909 1.848 121.292 2.428
201912 1.995 123.436 2.576
202003 1.407 124.092 1.807
202006 1.371 123.557 1.768
202009 1.313 125.095 1.673
202012 1.617 129.012 1.998
202103 1.458 131.660 1.765
202106 1.620 133.871 1.929
202109 1.441 137.913 1.665
202112 1.561 141.992 1.752
202203 2.104 146.537 2.288
202206 2.119 149.784 2.255
202209 2.144 147.800 2.312
202212 1.881 150.207 1.996
202303 1.708 153.352 1.775
202306 1.614 154.519 1.665
202309 1.596 155.464 1.636
202312 1.664 157.148 1.688
202403 1.686 159.372 1.686

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.


BRF  (STU:P5Y) 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.


BRF Cyclically Adjusted PB Ratio Related Terms

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


BRF (STU:P5Y) Business Description

Address
Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, BRA, 05425-070
BRF SA is an international producer of fresh and frozen protein foods. The firm's segments are In natura (poultry, pork, bovine, and other), Processed foods, and Other sales. The product portfolio includes marinated, frozen, whole and cut meat, specialty meats, portioned products, and frozen prepared entrees. The company also offers margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Its most well-known brands are Sadia, Chester, Perdix, Paty, Perdigao, and Qualy. Internationally, the portfolio's leading brand is Sadia, which is present in multiple categories in Middle Eastern countries. Geographically, sales are distributed evenly between Brazil and international markets.

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