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Reckitt Benckiser Group (Reckitt Benckiser Group) Cyclically Adjusted PB Ratio : 2.74 (As of Apr. 27, 2024)


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What is Reckitt Benckiser Group Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Reckitt Benckiser Group's current share price is $55.112. Reckitt Benckiser Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $20.11. Reckitt Benckiser Group's Cyclically Adjusted PB Ratio for today is 2.74.

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

RBGPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.65   Med: 6.13   Max: 10.69
Current: 2.81

During the past 13 years, Reckitt Benckiser Group's highest Cyclically Adjusted PB Ratio was 10.69. The lowest was 2.65. And the median was 6.13.

RBGPF's Cyclically Adjusted PB Ratio is ranked worse than
75.75% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs RBGPF: 2.81

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.

Reckitt Benckiser Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was $14.977. 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 $20.11 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Reckitt Benckiser Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Reckitt Benckiser Group'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.

Reckitt Benckiser Group Cyclically Adjusted PB Ratio Chart

Reckitt Benckiser Group 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 4.95 5.06 4.65 3.80 3.45

Reckitt Benckiser Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 4.65 - 3.80 - 3.45

Competitive Comparison of Reckitt Benckiser Group's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Reckitt Benckiser Group'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.


Reckitt Benckiser Group's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



Reckitt Benckiser Group 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.

Reckitt Benckiser Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.112/20.11
=2.74

* 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.

Reckitt Benckiser Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Reckitt Benckiser Group's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=14.977/130.0000*130.0000
=14.977

Current CPI (Dec23) = 130.0000.

Reckitt Benckiser Group Annual Data

Book Value per Share CPI Adj_Book
201412 14.879 99.900 19.362
201512 14.596 100.400 18.899
201612 15.017 102.200 19.102
201712 25.745 105.000 31.875
201812 26.343 107.100 31.976
201912 17.290 108.500 20.716
202012 17.189 109.400 20.426
202112 13.772 114.700 15.609
202212 15.616 125.300 16.202
202312 14.977 130.000 14.977

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.


Reckitt Benckiser Group  (OTCPK:RBGPF) 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.


Reckitt Benckiser Group Cyclically Adjusted PB Ratio Related Terms

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


Reckitt Benckiser Group (Reckitt Benckiser Group) Business Description

Traded in Other Exchanges
Address
103-105 Bath Road, Slough, Berkshire, GBR, SL1 3UH
Reckitt Benckiser was formed in 1999 through the merger of the British firm Reckitt & Colman and Dutch-based Benckiser. Recently rebranded under the corporate name Reckitt, it sells a portfolio that includes a variety of household and consumer health brands, such as Lysol, Finish, Durex, and Mucinex, many of which hold the number-one or -two positions in their categories globally. Reckitt has repositioned its portfolio and has entered the infant formula market through the acquisition of Mead Johnson in 2017, expanded its consumer health presence by acquiring Schiff Nutrition, K-Y, and Biofreeze, and has exited the food industry. The firm operates in 60 countries and sells products in more than 200, generating around 35% of sales from emerging markets.

Reckitt Benckiser Group (Reckitt Benckiser Group) Headlines

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