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Molson Coors Canada (TSX:TPX.A) Cyclically Adjusted Book per Share : C$86.52 (As of Mar. 2024)


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What is Molson Coors Canada 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.

Molson Coors Canada's adjusted book value per share for the three months ended in Mar. 2024 was C$83.692. 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 C$86.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Molson Coors Canada's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 Molson Coors Canada was 7.00% per year. The lowest was 6.50% per year. And the median was 6.75% per year.

As of today (2024-06-08), Molson Coors Canada's current stock price is C$80.00. Molson Coors Canada's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$86.52. Molson Coors Canada's Cyclically Adjusted PB Ratio of today is 0.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Molson Coors Canada was 1.19. The lowest was 0.64. And the median was 0.91.


Molson Coors Canada Cyclically Adjusted Book per Share Historical Data

The historical data trend for Molson Coors Canada'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.

Molson Coors Canada Cyclically Adjusted Book per Share Chart

Molson Coors Canada 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 67.05 73.72 73.49 79.89 88.17

Molson Coors Canada 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 81.57 87.60 85.44 88.17 86.52

Competitive Comparison of Molson Coors Canada's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Molson Coors Canada'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.


Molson Coors Canada's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Molson Coors Canada's Cyclically Adjusted PB Ratio falls into.



Molson Coors Canada 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, Molson Coors Canada'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)
=83.692/126.2576*126.2576
=83.692

Current CPI (Mar. 2024) = 126.2576.

Molson Coors Canada Quarterly Data

Book Value per Share CPI Adj_Book
201406 59.436 99.473 75.440
201409 56.281 99.394 71.492
201412 54.957 98.367 70.539
201503 55.260 99.789 69.917
201506 50.653 100.500 63.635
201509 51.962 100.421 65.331
201512 52.347 99.947 66.127
201603 60.979 101.054 76.188
201606 59.141 102.002 73.205
201609 60.505 101.765 75.068
201612 70.877 101.449 88.210
201703 72.123 102.634 88.724
201706 74.688 103.029 91.527
201709 68.183 103.345 83.300
201712 76.936 103.345 93.994
201803 80.613 105.004 96.930
201806 82.573 105.557 98.766
201809 83.737 105.636 100.084
201812 83.982 105.399 100.602
201903 84.324 106.979 99.520
201906 85.395 107.690 100.118
201909 80.575 107.611 94.537
201912 81.701 107.769 95.717
202003 81.804 107.927 95.698
202006 81.355 108.401 94.756
202009 82.498 108.164 96.298
202012 73.089 108.559 85.005
202103 72.904 110.298 83.453
202106 73.155 111.720 82.674
202109 77.554 112.905 86.726
202112 79.142 113.774 87.826
202203 78.946 117.646 84.725
202206 0.000 120.806 0.000
202209 81.220 120.648 84.996
202212 79.699 120.964 83.187
202303 80.317 122.702 82.644
202306 80.077 124.203 81.401
202309 83.055 125.230 83.736
202312 82.999 125.072 83.786
202403 83.692 126.258 83.692

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


Molson Coors Canada  (TSX:TPX.A) 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.

Molson Coors Canada's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=80.00/86.52
=0.92

* 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 Molson Coors Canada was 1.19. The lowest was 0.64. And the median was 0.91.


Be Aware

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


Molson Coors Canada Cyclically Adjusted Book per Share Related Terms

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


Molson Coors Canada (TSX:TPX.A) Business Description

Traded in Other Exchanges
Address
33 Carlingview Drive, Toronto, ON, CAN, M9W 5E4
Molson Coors Canada Inc is a large global brewer and distributor of beer and other malt beverages. major brands include Coors Light, Miller Lite, Molson Canadian, Carling, Staropramen, Coors Banquet, Blue Moon, Vizzy, Leinenkugel, and Creemore. Its two segments are the Americas and EMEA&APAC segments. Americas segment operates in the U.S., Canada and various countries in the Caribbean, Latin and South America and EMEA&APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K., various other European countries, and certain countries within the Middle East, Africa and Asia Pacific. Its breweries are located across the U.S., Canada, and Europe, with the majority of the company's revenue generated in Americas.

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