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Boston Beer Co (Boston Beer Co) Cyclically Adjusted Book per Share : $66.69 (As of Mar. 2024)


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What is Boston Beer Co 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.

Boston Beer Co's adjusted book value per share for the three months ended in Mar. 2024 was $87.397. 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 $66.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boston Beer Co's average Cyclically Adjusted Book Growth Rate was 13.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 20.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 18.10% 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 Boston Beer Co was 21.70% per year. The lowest was 9.40% per year. And the median was 15.85% per year.

As of today (2024-06-01), Boston Beer Co's current stock price is $313.67. Boston Beer Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $66.69. Boston Beer Co's Cyclically Adjusted PB Ratio of today is 4.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Boston Beer Co was 32.67. The lowest was 3.91. And the median was 11.21.


Boston Beer Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Boston Beer Co'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.

Boston Beer Co Cyclically Adjusted Book per Share Chart

Boston Beer Co 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 31.17 37.28 46.85 56.21 64.22

Boston Beer Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 58.67 60.88 62.98 64.22 66.69

Competitive Comparison of Boston Beer Co's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Boston Beer 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.


Boston Beer Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

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



Boston Beer Co 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, Boston Beer Co'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)
=87.397/131.7762*131.7762
=87.397

Current CPI (Mar. 2024) = 131.7762.

Boston Beer Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.668 100.560 37.567
201409 31.770 100.428 41.687
201412 33.370 99.070 44.387
201503 37.051 99.621 49.010
201506 38.842 100.684 50.837
201509 38.115 100.392 50.031
201512 36.156 99.792 47.744
201603 34.175 100.470 44.824
201606 33.307 101.688 43.162
201609 36.056 101.861 46.645
201612 36.107 101.863 46.710
201703 35.275 102.862 45.191
201706 35.059 103.349 44.702
201709 35.264 104.136 44.624
201712 36.444 104.011 46.172
201803 37.286 105.290 46.666
201806 37.987 106.317 47.084
201809 37.810 106.507 46.781
201812 40.032 105.998 49.768
201903 42.398 107.251 52.093
201906 45.171 108.070 55.080
201909 59.746 108.329 72.677
201912 61.082 108.420 74.240
202003 62.756 108.902 75.938
202006 68.148 108.767 82.564
202009 75.434 109.815 90.520
202012 78.551 109.897 94.190
202103 84.110 111.754 99.179
202106 88.546 114.631 101.789
202109 84.074 115.734 95.727
202112 80.266 117.630 89.919
202203 80.189 121.301 87.114
202206 84.929 125.017 89.521
202209 87.354 125.227 91.923
202212 86.832 125.222 91.377
202303 84.931 127.348 87.884
202306 88.906 128.729 91.011
202309 91.986 129.860 93.344
202312 89.075 129.419 90.697
202403 87.397 131.776 87.397

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


Boston Beer Co  (NYSE:SAM) 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.

Boston Beer Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=313.67/66.69
=4.70

* 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 Boston Beer Co was 32.67. The lowest was 3.91. And the median was 11.21.


Be Aware

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


Boston Beer Co Cyclically Adjusted Book per Share Related Terms

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


Boston Beer Co (Boston Beer Co) Business Description

Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.
Executives
Carolyn L. O'boyle officer: Chief People Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Diego Reynoso officer: CFO and Treasurer 7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Calagione Samuel A. Iii officer: Founder & Brewer, Dogfish Head THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
John C Geist officer: VP of Sales ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Cynthia Swanson director 1529 OAK STREET, SARASOTA FL 34236
David A Burwick director 32 AUTUMN LANE, NEW CANAAN CT 06840
Philip A. Hodges officer: Chief Supply Chain Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Matthew Donal Murphy officer: CAO & Interim CFO THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Annette N Fritsch officer: VP of Product Design and R&D THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, SUITE 850, BOSTON 2J 02210
David L. Grinnell officer: Vice President of Brewing THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, STE. 850, BOSTON MA 02170
Quincy B Troupe officer: Senior VP, Supply Chain C/O THE BOSTON BEER COMPANY, 1 DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
C James Koch director, 10 percent owner, officer: Chairman C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Jean Michel Valette director 28 MAPLE AVE, KENTFIELD CT 06897
Cynthia A Fisher director 186 PARK STREET, NEWTON MA 02458
Tara L. Heath officer: Vice President, Legal THE BOSTON BEER COMPANY, INC., 1 DESIGN CENTER PL., STE. 850, BOSTON MA 02210