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The Kraft Heinz Co (MIL:1KHC) Cyclically Adjusted Book per Share : €43.33 (As of Mar. 2024)


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What is The Kraft Heinz 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.

The Kraft Heinz Co's adjusted book value per share for the three months ended in Mar. 2024 was €37.529. 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 €43.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, The Kraft Heinz Co's average Cyclically Adjusted Book Growth Rate was 10.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.40% 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 The Kraft Heinz Co was 10.40% per year. The lowest was 10.40% per year. And the median was 10.40% per year.

As of today (2024-06-05), The Kraft Heinz Co's current stock price is €32.29. The Kraft Heinz Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €43.33. The Kraft Heinz Co's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Kraft Heinz Co was 1.28. The lowest was 0.70. And the median was 0.97.


The Kraft Heinz Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Kraft Heinz 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.

The Kraft Heinz Co Cyclically Adjusted Book per Share Chart

The Kraft Heinz 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 - - - - 40.12

The Kraft Heinz 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 - - - 40.12 43.33

Competitive Comparison of The Kraft Heinz Co's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, The Kraft Heinz 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.


The Kraft Heinz Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kraft Heinz Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Kraft Heinz 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, The Kraft Heinz 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)
=37.529/131.7762*131.7762
=37.529

Current CPI (Mar. 2024) = 131.7762.

The Kraft Heinz Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.761 100.560 8.860
201409 7.343 100.428 9.635
201412 6.027 99.070 8.017
201503 7.072 99.621 9.355
201506 3.584 100.684 4.691
201509 43.193 100.392 56.696
201512 43.621 99.792 57.602
201603 42.880 100.470 56.241
201606 42.276 101.688 54.785
201609 28.377 101.861 36.711
201612 44.699 101.863 57.826
201703 44.335 102.862 56.797
201706 42.618 103.349 54.340
201709 40.475 104.136 51.218
201712 45.656 104.011 57.844
201803 44.075 105.290 55.163
201806 46.119 106.317 57.163
201809 45.968 106.507 56.874
201812 37.218 105.998 46.269
201903 37.506 107.251 46.083
201906 37.390 108.070 45.592
201909 38.427 108.329 46.744
201912 38.051 108.420 46.248
202003 37.777 108.902 45.712
202006 35.607 108.767 43.139
202009 34.167 109.815 41.000
202012 33.685 109.897 40.391
202103 34.536 111.754 40.723
202106 33.931 114.631 39.006
202109 34.699 115.734 39.509
202112 35.644 117.630 39.931
202203 36.797 121.301 39.975
202206 37.682 125.017 39.719
202209 39.633 125.227 41.706
202212 37.512 125.222 39.475
202303 37.416 127.348 38.717
202306 37.442 128.729 38.328
202309 37.630 129.860 38.185
202312 37.287 129.419 37.966
202403 37.529 131.776 37.529

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


The Kraft Heinz Co  (MIL:1KHC) 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.

The Kraft Heinz Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.29/43.33
=0.75

* 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 The Kraft Heinz Co was 1.28. The lowest was 0.70. And the median was 0.97.


Be Aware

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


The Kraft Heinz Co Cyclically Adjusted Book per Share Related Terms

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


The Kraft Heinz Co (MIL:1KHC) Business Description

Comparable Companies
Address
One PPG Place, Pittsburgh, PA, USA, 15222
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.

The Kraft Heinz Co (MIL:1KHC) Headlines

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