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United Breweries Co (United Breweries Co) Cyclically Adjusted PB Ratio : 1.31 (As of Apr. 28, 2024)


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What is United Breweries Co Cyclically Adjusted PB Ratio?

As of today (2024-04-28), United Breweries Co's current share price is $12.20. United Breweries Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.31. United Breweries Co's Cyclically Adjusted PB Ratio for today is 1.31.

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

CCU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 3.37   Max: 4.78
Current: 1.4

During the past years, United Breweries Co's highest Cyclically Adjusted PB Ratio was 4.78. The lowest was 1.19. And the median was 3.37.

CCU's Cyclically Adjusted PB Ratio is ranked better than
61.01% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 1.83 vs CCU: 1.40

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.

United Breweries Co's adjusted book value per share data for the three months ended in Dec. 2023 was $7.554. 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 $9.31 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Breweries Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Breweries 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.

* Premium members only.

United Breweries Co Cyclically Adjusted PB Ratio Chart

United Breweries Co 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 2.63 1.71 2.00 1.41 1.35

United Breweries Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.41 1.50 1.57 1.36 1.35

Competitive Comparison of United Breweries Co's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, United Breweries 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.


United Breweries Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



United Breweries 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.

United Breweries Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.20/9.31
=1.31

* 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.

United Breweries Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, United Breweries Co'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)
=7.554/146.1089*146.1089
=7.554

Current CPI (Dec. 2023) = 146.1089.

United Breweries Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.788 94.584 15.120
201406 9.890 95.543 15.124
201409 9.037 96.883 13.629
201412 9.140 97.515 13.695
201503 9.046 98.539 13.413
201506 8.998 99.770 13.177
201509 8.244 101.383 11.881
201512 8.095 101.775 11.621
201603 8.458 102.930 12.006
201606 8.631 103.965 12.130
201609 8.704 104.521 12.167
201612 8.738 104.532 12.214
201703 8.976 105.752 12.401
201706 8.922 105.730 12.329
201709 9.276 106.035 12.782
201712 9.687 106.907 13.239
201803 9.895 107.670 13.428
201806 9.709 108.421 13.084
201809 9.905 109.369 13.232
201812 9.960 109.653 13.271
201903 10.000 110.339 13.242
201906 10.262 111.352 13.465
201909 9.478 111.821 12.384
201912 9.654 112.943 12.489
202003 8.584 114.468 10.957
202006 8.749 114.283 11.185
202009 8.985 115.275 11.388
202012 9.627 116.299 12.095
202103 9.647 117.770 11.968
202106 9.764 118.630 12.026
202109 9.469 121.431 11.393
202112 8.171 124.634 9.579
202203 8.787 128.850 9.964
202206 8.077 133.448 8.843
202209 7.799 138.101 8.251
202212 8.210 140.574 8.533
202303 8.768 143.145 8.950
202306 8.746 143.538 8.903
202309 8.034 145.172 8.086
202312 7.554 146.109 7.554

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.


United Breweries Co  (NYSE:CCU) 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.


United Breweries Co Cyclically Adjusted PB Ratio Related Terms

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


United Breweries Co (United Breweries Co) Business Description

Traded in Other Exchanges
Address
Avenida Vitacura N° 2670, Twenty-Third Floor, Santiago, CHL
United Breweries Co Inc is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The company is a player in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, juice, wine, cider and pisco, among others. The Company has three operating segment with respect to its revenues in the geographic areas of commercial activity: Chile; International business and Wine. It generates maximum revenue from Chile.