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Procter & Gamble Co (BSP:PGCO34) Cyclically Adjusted PB Ratio : 6.98 (As of May. 22, 2024)


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What is Procter & Gamble Co Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Procter & Gamble Co's current share price is R$61.57. Procter & Gamble Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$8.82. Procter & Gamble Co's Cyclically Adjusted PB Ratio for today is 6.98.

The historical rank and industry rank for Procter & Gamble Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:PGCO34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.88   Med: 4.03   Max: 6.81
Current: 6.8

During the past years, Procter & Gamble Co's highest Cyclically Adjusted PB Ratio was 6.81. The lowest was 2.88. And the median was 4.03.

BSP:PGCO34's Cyclically Adjusted PB Ratio is ranked worse than
92.24% of 1263 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs BSP:PGCO34: 6.80

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.

Procter & Gamble Co's adjusted book value per share data for the three months ended in Mar. 2024 was R$7.424. 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 R$8.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Procter & Gamble Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Procter & Gamble Co's Cyclically Adjusted PB Ratio 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.

Procter & Gamble Co Cyclically Adjusted PB Ratio Chart

Procter & Gamble Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.47 5.02 5.55 5.65 6.08

Procter & Gamble 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 PB Ratio 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 5.95 6.08 5.87 5.99 6.60

Competitive Comparison of Procter & Gamble Co's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Procter & Gamble 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.


Procter & Gamble Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Procter & Gamble Co's Cyclically Adjusted PB Ratio falls into.



Procter & Gamble Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Procter & Gamble Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=61.57/8.82
=6.98

* 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.

Procter & Gamble Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Procter & Gamble 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)
=7.424/131.7762*131.7762
=7.424

Current CPI (Mar. 2024) = 131.7762.

Procter & Gamble Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.012 100.560 5.257
201409 4.014 100.428 5.267
201412 4.405 99.070 5.859
201503 5.099 99.621 6.745
201506 5.023 100.684 6.574
201509 6.274 100.392 8.235
201512 6.208 99.792 8.198
201603 5.770 100.470 7.568
201606 5.160 101.688 6.687
201609 4.970 101.861 6.430
201612 4.876 101.863 6.308
201703 4.614 102.862 5.911
201706 4.995 103.349 6.369
201709 4.747 104.136 6.007
201712 4.960 104.011 6.284
201803 4.968 105.290 6.218
201806 5.534 106.317 6.859
201809 6.041 106.507 7.474
201812 5.882 105.998 7.312
201903 5.921 107.251 7.275
201906 5.087 108.070 6.203
201909 5.388 108.329 6.554
201912 5.298 108.420 6.439
202003 6.293 108.902 7.615
202006 6.819 108.767 8.262
202009 7.357 109.815 8.828
202012 7.058 109.897 8.463
202103 7.517 111.754 8.864
202106 6.727 114.631 7.733
202109 7.051 115.734 8.028
202112 7.374 117.630 8.261
202203 6.612 121.301 7.183
202206 6.890 125.017 7.263
202209 6.834 125.227 7.191
202212 6.928 125.222 7.291
202303 6.996 127.348 7.239
202306 6.745 128.729 6.905
202309 7.017 129.860 7.121
202312 7.099 129.419 7.228
202403 7.424 131.776 7.424

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


Procter & Gamble Co  (BSP:PGCO34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Procter & Gamble Co Cyclically Adjusted PB Ratio Related Terms

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Procter & Gamble Co (BSP:PGCO34) Business Description

Address
One Procter and Gamble Plaza, Cincinnati, OH, USA, 45202
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent just more than half of the firm's consolidated total.

Procter & Gamble Co (BSP:PGCO34) Headlines

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