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J&J Snack Foods (J&J Snack Foods) Cyclically Adjusted PB Ratio : 2.96 (As of Apr. 27, 2024)


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What is J&J Snack Foods Cyclically Adjusted PB Ratio?

As of today (2024-04-27), J&J Snack Foods's current share price is $136.67. J&J Snack Foods's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $46.14. J&J Snack Foods's Cyclically Adjusted PB Ratio for today is 2.96.

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

JJSF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.92   Med: 4.6   Max: 6.06
Current: 3.01

During the past years, J&J Snack Foods's highest Cyclically Adjusted PB Ratio was 6.06. The lowest was 2.92. And the median was 4.60.

JJSF's Cyclically Adjusted PB Ratio is ranked worse than
78.09% of 1228 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs JJSF: 3.01

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.

J&J Snack Foods's adjusted book value per share data for the three months ended in Dec. 2023 was $47.114. 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 $46.14 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


J&J Snack Foods Cyclically Adjusted PB Ratio Historical Data

The historical data trend for J&J Snack Foods'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.

J&J Snack Foods Cyclically Adjusted PB Ratio Chart

J&J Snack Foods Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.89 3.72 3.95 2.99 3.55

J&J Snack Foods 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 3.43 3.32 3.49 3.55 3.62

Competitive Comparison of J&J Snack Foods's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, J&J Snack Foods'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.


J&J Snack Foods's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where J&J Snack Foods's Cyclically Adjusted PB Ratio falls into.



J&J Snack Foods 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.

J&J Snack Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=136.67/46.14
=2.96

* 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.

J&J Snack Foods's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, J&J Snack Foods'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)
=47.114/129.4194*129.4194
=47.114

Current CPI (Dec. 2023) = 129.4194.

J&J Snack Foods Quarterly Data

Book Value per Share CPI Adj_Book
201403 28.549 99.695 37.061
201406 29.380 100.560 37.812
201409 30.141 100.428 38.842
201412 30.159 99.070 39.398
201503 30.599 99.621 39.752
201506 31.579 100.684 40.592
201509 32.122 100.392 41.410
201512 32.216 99.792 41.780
201603 32.413 100.470 41.752
201606 33.358 101.688 42.455
201609 34.175 101.861 43.421
201612 34.454 101.863 43.775
201703 35.055 102.862 44.106
201706 36.064 103.349 45.161
201709 36.560 104.136 45.437
201712 37.893 104.011 47.150
201803 38.626 105.290 47.478
201806 39.476 106.317 48.054
201809 40.476 106.507 49.184
201812 40.937 105.998 49.983
201903 41.728 107.251 50.353
201906 42.999 108.070 51.494
201909 44.125 108.329 52.715
201912 44.578 108.420 53.212
202003 44.106 108.902 52.416
202006 42.916 108.767 51.065
202009 42.797 109.815 50.437
202012 42.640 109.897 50.215
202103 42.713 111.754 49.465
202106 43.808 114.631 49.459
202109 44.312 115.734 49.552
202112 44.319 117.630 48.761
202203 44.332 121.301 47.299
202206 44.615 125.017 46.186
202209 44.912 125.227 46.416
202212 44.710 125.222 46.209
202303 44.582 127.348 45.307
202306 45.987 128.729 46.234
202309 47.151 129.860 46.991
202312 47.114 129.419 47.114

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.


J&J Snack Foods  (NAS:JJSF) 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.


J&J Snack Foods Cyclically Adjusted PB Ratio Related Terms

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


J&J Snack Foods (J&J Snack Foods) Business Description

Traded in Other Exchanges
Address
350 Fellowship Road, Mt. Laurel, NJ, USA, 08054
J&J Snack Foods Corp manufactures, markets, and distributes snack foods and beverages to foodservice and retail supermarket outlets. The company's products include frozen beverages, juice, fruit bars, sorbet, cakes, and cookies that are distributed to various consumers, including restaurants, supermarkets, convenience stores, universities, theaters, and theme parks. The company operates in three business segments: food service, which sells snacks, desserts, and baked goods at the point-of-sale; retail supermarkets, which sells frozen and prepackaged products to supermarkets; and frozen beverages, which sells frozen beverages under brands Icee, Slush puppie, and Parrot ice in the United States, Mexico, and Canada.
Executives
Dan Fachner officer: President, ICEE 1205 DUPONT CIRCLE, ONTARIO CA 91761-7817
Marjorie Shreiber Roshkoff director 6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
Mary Lou Kehoe officer: VP, Human Resources 9 GITHENS LANE, LUMBERTON NJ 08048
Stephen Every officer: COO, The ICEE Co C/O J & J SNACK FOODS CORP., 6000 CENTRAL HIGHWAY, PENNSAUKEN PA 08109
Robert Cranmer officer: Senior VP, Operations 3 EAST DICKENS COURT, JACKSON NJ 08527
Mary Meder director 201 S. 18TH ST #2416, PHILADELPHIA PA 19103
Gerald B Shreiber director, 10 percent owner, officer: President and CEO 6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
Roy Christopher Jackson director 1040 BRICKYARD LANE, GREENSBORO GA 30642
Michael A Pollner officer: SVP, General Counsel & Secy. C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
Robert Joseph Pape officer: Senior Vice President 6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
2021 Irrevocable Trust For Gerald B. Shreiber 10 percent owner 6000 CENTRAL HIGHWAY, PENNSAUKEN PA 08109
Lynwood Mallard officer: Senior Vice President and CMO C/O J & J SNACK FOODS CORP., 6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
Dennis G Moore director, officer: Sr. Vice President 6000 CNTRAL HIGHWAY, PENNSAUKEN NJ 08109
Robert M Radano director, officer: Senior Vice President 6000 CNTRAL HIGHWAY, PENNSAUKEN NJ 08109
Ken Allen Plunk officer: Senior Vice President and CFO 6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109