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Performance Food Group Co (FRA:P5F) Cyclically Adjusted Book per Share : €14.84 (As of Mar. 2024)


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What is Performance Food Group 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.

Performance Food Group Co's adjusted book value per share for the three months ended in Mar. 2024 was €23.587. 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 €14.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Performance Food Group Co's average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.90% 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 Performance Food Group Co was -2.80% per year. The lowest was -5.50% per year. And the median was -4.60% per year.

As of today (2024-06-09), Performance Food Group Co's current stock price is €64.00. Performance Food Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.84. Performance Food Group Co's Cyclically Adjusted PB Ratio of today is 4.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Performance Food Group Co was 4.91. The lowest was 0.96. And the median was 2.35.


Performance Food Group Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Performance Food Group 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.

Performance Food Group Co Cyclically Adjusted Book per Share Chart

Performance Food Group Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.08 14.14 12.65 14.71 13.49

Performance Food Group 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 13.59 13.49 14.30 14.13 14.84

Competitive Comparison of Performance Food Group Co's Cyclically Adjusted Book per Share

For the Food Distribution subindustry, Performance Food Group 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.


Performance Food Group Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Performance Food Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Performance Food Group Co's Cyclically Adjusted PB Ratio falls into.



Performance Food Group 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, Performance Food Group 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)
=23.587/131.7762*131.7762
=23.587

Current CPI (Mar. 2024) = 131.7762.

Performance Food Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.645 100.560 4.777
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 4.241 99.621 5.610
201506 4.408 100.684 5.769
201509 4.520 100.392 5.933
201512 6.964 99.792 9.196
201603 6.931 100.470 9.091
201606 7.152 101.688 9.268
201609 7.308 101.861 9.454
201612 8.082 101.863 10.455
201703 8.207 102.862 10.514
201706 8.171 103.349 10.419
201709 7.887 104.136 9.980
201712 8.388 104.011 10.627
201803 8.373 105.290 10.479
201806 9.417 106.317 11.672
201809 9.640 106.507 11.927
201812 10.205 105.998 12.687
201903 10.523 107.251 12.929
201906 11.068 108.070 13.496
201909 11.617 108.329 14.131
201912 10.692 108.420 12.995
202003 14.249 108.902 17.242
202006 13.598 108.767 16.475
202009 12.848 109.815 15.417
202012 12.747 109.897 15.285
202103 13.065 111.754 15.406
202106 13.193 114.631 15.166
202109 17.206 115.734 19.591
202112 18.248 117.630 20.443
202203 18.980 121.301 20.619
202206 20.321 125.017 21.420
202209 22.064 125.227 23.218
202212 21.391 125.222 22.511
202303 21.652 127.348 22.405
202306 22.376 128.729 22.906
202309 23.188 129.860 23.530
202312 23.010 129.419 23.429
202403 23.587 131.776 23.587

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


Performance Food Group Co  (FRA:P5F) 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.

Performance Food Group Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=64.00/14.84
=4.31

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Performance Food Group Co was 4.91. The lowest was 0.96. And the median was 2.35.


Be Aware

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


Performance Food Group Co Cyclically Adjusted Book per Share Related Terms

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


Performance Food Group Co (FRA:P5F) Business Description

Traded in Other Exchanges
Address
12500 West Creek Parkway, Richmond, VA, USA, 23238
Performance Food Group Co is the third-largest U.S. food-service distributor behind Sysco and us Foods, with 9% market share. PFG's food-service business (52% of 2022 sales) provides customized food products and services (such as product selection and procurement) to independent and chain restaurants, and institutional customers. Acquisitions of Eby-Brown (2019) and Core-Mark (2021) enabled PFG to tap into the convenience store segment (41% of sales), offering convenience products, marketing programs, and technology solutions to convenience stores, drug stores, and other such channels. The firm's Vistar business (7% of sales) is a national distributor of candy, snacks, and beverages to vending and office coffee service distributors, theaters, and hospitality providers.

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