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Mondelez International (Mondelez International) Cyclically Adjusted Book per Share : $21.85 (As of Dec. 2023)


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What is Mondelez International Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Mondelez International's adjusted book value per share for the three months ended in Dec. 2023 was $21.010. 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 $21.85 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mondelez International's average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Mondelez International was 3.30% per year. The lowest was -0.80% per year. And the median was 0.80% per year.

As of today (2024-04-27), Mondelez International's current stock price is $70.61. Mondelez International's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $21.85. Mondelez International's Cyclically Adjusted PB Ratio of today is 3.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mondelez International was 3.59. The lowest was 1.42. And the median was 2.31.


Mondelez International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mondelez International's Cyclically Adjusted Book per Share 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.

Mondelez International Cyclically Adjusted Book per Share Chart

Mondelez International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.06 19.84 20.66 21.42 21.85

Mondelez International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 21.42 21.72 21.90 22.02 21.85

Competitive Comparison of Mondelez International's Cyclically Adjusted Book per Share

For the Confectioners subindustry, Mondelez International'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.


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

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

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



Mondelez International Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Mondelez International'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)
=21.01/129.4194*129.4194
=21.010

Current CPI (Dec. 2023) = 129.4194.

Mondelez International Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.664 99.695 24.229
201406 19.128 100.560 24.618
201409 18.362 100.428 23.663
201412 16.680 99.070 21.790
201503 15.094 99.621 19.609
201506 15.294 100.684 19.659
201509 18.771 100.392 24.199
201512 17.729 99.792 22.992
201603 17.863 100.470 23.010
201606 17.743 101.688 22.582
201609 17.798 101.861 22.613
201612 16.463 101.863 20.917
201703 16.870 102.862 21.226
201706 17.024 103.349 21.318
201709 17.408 104.136 21.635
201712 17.467 104.011 21.734
201803 17.857 105.290 21.949
201806 17.187 106.317 20.922
201809 17.471 106.507 21.230
201812 17.669 105.998 21.573
201903 17.888 107.251 21.585
201906 18.089 108.070 21.663
201909 18.606 108.329 22.228
201912 18.983 108.420 22.660
202003 17.987 108.902 21.376
202006 18.219 108.767 21.678
202009 18.843 109.815 22.207
202012 19.432 109.897 22.884
202103 19.275 111.754 22.322
202106 19.681 114.631 22.220
202109 19.857 115.734 22.205
202112 20.314 117.630 22.350
202203 20.352 121.301 21.714
202206 20.047 125.017 20.753
202209 19.483 125.227 20.135
202212 19.682 125.222 20.342
202303 20.721 127.348 21.058
202306 21.048 128.729 21.161
202309 20.891 129.860 20.820
202312 21.010 129.419 21.010

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Mondelez International  (NAS:MDLZ) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Mondelez International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=70.61/21.85
=3.23

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mondelez International was 3.59. The lowest was 1.42. And the median was 2.31.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Mondelez International Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Mondelez International's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Mondelez International (Mondelez International) Business Description

Address
905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607
Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (50% of sales), chocolate (30%), gum/candy (11%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2022. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives just shy of 40% of revenue from developing markets, about one third from Europe, and the remainder from North America.
Executives
Hart Cees 't director C/O MONDELEZ INTERNATIONAL, 905 WEST FULTON MARKET, SUITE 200, CHICAGO IL 60607
Deepak D. Iyer officer: EVP and President AMEA C/O MONDELEZ INTERNATIONAL, INC., 905 WEST FULTON MARKET, SUITE 200, CHICAGO IL 60607
Anindita Mukherjee director 8501 WILLIAMS ROAD, ESTERO FL 33928
Maurizio Brusadelli officer: EVP and President Asia Pac MONDELEZ INTERNATIONAL, INC., THREE PARKWAY NORTH, DEERFIELD IL 60015
Daniel E Ramos officer: Chief Res & Dev Officer 350 FIFTH AVENUE, NEW YORK NY 10118
Ertharin Cousin director 250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Robin S. Hargrove officer: EVP, Research, Dev & Quality C/O MONDELEZ INTERNATIONAL, INC., THREE PARKWAY NORTH, DEERFIELD IL 60048
Mariano Lozano officer: EVP and President, LA C/O THE DANONE COMPANY, INC., 100 HILLSIDE AVENUE, WHITE PLAINS NY 10603
Fredric G Reynolds director PINTEREST, INC., 651 BRANNAN, SAN FRANCISCO CA 94107
Vinzenz P. Gruber officer: EVP and President, Europe C/O MONDELEZ INTERNATIONAL, INC., THREE PARKWAY NORTH, DEERFIELD IL 60015
Trian Fund Management, L.p. director 280 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10017
Glen Walter officer: EVP & President, North America THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
Charles E Bunch director PPG INDUSTRIES INC., ONE PPG PLACE, PITTSBURGH PA 15272
Michael Andrew Call officer: VP, Corporate Controller & CAO 905 WEST FULTON MARKET, SUITE 200, CHICAGO IL 60607
Jane Nielsen director 516 WEST 34TH STREET, NEW YORK NY 10001