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Marfrig Global Foods (STU:MGP1) Cyclically Adjusted Book per Share : €0.73 (As of Mar. 2024)


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What is Marfrig Global Foods 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.

Marfrig Global Foods's adjusted book value per share for the three months ended in Mar. 2024 was €1.468. 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 €0.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Marfrig Global Foods's average Cyclically Adjusted Book Growth Rate was -4.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -15.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -16.10% 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 Marfrig Global Foods was -12.10% per year. The lowest was -18.80% per year. And the median was -15.70% per year.

As of today (2024-06-09), Marfrig Global Foods's current stock price is €1.73. Marfrig Global Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €0.73. Marfrig Global Foods's Cyclically Adjusted PB Ratio of today is 2.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Marfrig Global Foods was 4.35. The lowest was 0.46. And the median was 1.56.


Marfrig Global Foods Cyclically Adjusted Book per Share Historical Data

The historical data trend for Marfrig Global Foods'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.

Marfrig Global Foods Cyclically Adjusted Book per Share Chart

Marfrig Global Foods 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 1.87 1.14 0.96 0.75 0.73

Marfrig Global Foods 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 0.99 0.70 0.74 0.73 0.73

Competitive Comparison of Marfrig Global Foods's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Marfrig Global 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.


Marfrig Global Foods's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Marfrig Global Foods's Cyclically Adjusted PB Ratio falls into.



Marfrig Global Foods 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, Marfrig Global Foods'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)
=1.468/159.3724*159.3724
=1.468

Current CPI (Mar. 2024) = 159.3724.

Marfrig Global Foods Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.845 91.838 3.202
201409 1.553 92.602 2.673
201412 1.146 94.194 1.939
201503 0.371 97.799 0.605
201506 0.399 100.006 0.636
201509 0.368 101.392 0.578
201512 0.291 104.247 0.445
201603 0.383 106.979 0.571
201606 0.762 108.851 1.116
201609 0.702 109.986 1.017
201612 0.489 110.802 0.703
201703 1.339 111.869 1.908
201706 1.075 112.115 1.528
201709 1.110 112.777 1.569
201712 0.982 114.068 1.372
201803 0.864 114.868 1.199
201806 0.231 117.038 0.315
201809 0.069 117.881 0.093
201812 0.245 118.340 0.330
201903 0.265 120.124 0.352
201906 0.310 120.977 0.408
201909 0.125 121.292 0.164
201912 0.192 123.436 0.248
202003 -0.273 124.092 -0.351
202006 0.090 123.557 0.116
202009 0.217 125.095 0.276
202012 0.481 129.012 0.594
202103 0.498 131.660 0.603
202106 1.004 133.871 1.195
202109 1.138 137.913 1.315
202112 0.918 141.992 1.030
202203 0.923 146.537 1.004
202206 1.972 149.784 2.098
202209 1.984 147.800 2.139
202212 1.511 150.207 1.603
202303 1.306 153.352 1.357
202306 1.203 154.519 1.241
202309 1.241 155.464 1.272
202312 1.537 157.148 1.559
202403 1.468 159.372 1.468

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


Marfrig Global Foods  (STU:MGP1) 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.

Marfrig Global Foods's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.73/0.73
=2.37

* 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 Marfrig Global Foods was 4.35. The lowest was 0.46. And the median was 1.56.


Be Aware

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


Marfrig Global Foods Cyclically Adjusted Book per Share Related Terms

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


Marfrig Global Foods (STU:MGP1) Business Description

Traded in Other Exchanges
Address
Avenida Queiroz Filho, 1560, Torre Sabia, 3rd Floor, Vila Hamburguesa, Sao Paulo, SP, BRA, 05319-000
Marfrig Global Foods SA is a Brazilian-based food processing company that produces, processes, and distributes meat and non-meat products. The company has operations worldwide, including in Brazil, Argentina, Chile, Uruguay, and the United States. The company's activities include production and processing of foods made from animal proteins as well as other products such as frozen vegetables and sauces. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.

Marfrig Global Foods (STU:MGP1) Headlines

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