GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Foley Wines Ltd (NZSE:FWL) » Definitions » Cyclically Adjusted PB Ratio

Foley Wines (NZSE:FWL) Cyclically Adjusted PB Ratio : 0.41 (As of Jun. 05, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Foley Wines Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Foley Wines's current share price is NZ$0.88. Foley Wines's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was NZ$2.15. Foley Wines's Cyclically Adjusted PB Ratio for today is 0.41.

The historical rank and industry rank for Foley Wines's Cyclically Adjusted PB Ratio or its related term are showing as below:

NZSE:FWL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.75   Max: 1.12
Current: 0.42

During the past 13 years, Foley Wines's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.34. And the median was 0.75.

NZSE:FWL's Cyclically Adjusted PB Ratio is ranked better than
87.88% of 165 companies
in the Beverages - Alcoholic industry
Industry Median: 1.91 vs NZSE:FWL: 0.42

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.

Foley Wines's adjusted book value per share data of for the fiscal year that ended in Jun23 was NZ$2.244. 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 NZ$2.15 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Foley Wines Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Foley Wines'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.

Foley Wines Cyclically Adjusted PB Ratio Chart

Foley Wines Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.93 0.91 0.74 0.57

Foley Wines Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 0.74 - 0.57 -

Competitive Comparison of Foley Wines's Cyclically Adjusted PB Ratio

For the Beverages - Wineries & Distilleries subindustry, Foley Wines'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.


Foley Wines's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Foley Wines's Cyclically Adjusted PB Ratio falls into.



Foley Wines 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.

Foley Wines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.88/2.15
=0.41

* 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.

Foley Wines's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Foley Wines's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=2.244/125.8458*125.8458
=2.244

Current CPI (Jun23) = 125.8458.

Foley Wines Annual Data

Book Value per Share CPI Adj_Book
201306 1.395 98.061 1.790
201406 1.801 99.646 2.275
201506 1.544 100.063 1.942
201606 1.665 100.480 2.085
201806 1.809 103.764 2.194
201906 1.815 105.502 2.165
202006 1.909 107.035 2.244
202106 2.014 110.614 2.291
202206 2.187 118.690 2.319
202306 2.244 125.846 2.244

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.


Foley Wines  (NZSE:FWL) 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.


Foley Wines Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Foley Wines's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Foley Wines (NZSE:FWL) Business Description

Traded in Other Exchanges
N/A
Address
13 Waihopai Valley Road, RD6, Blenheim, MBH, NZL, 7276
Foley Wines Ltd is a wine company that produces table wines and markets and sells premium wines in New Zealand and various export markets. The company's vineyards are in Marlborough and Martinborough, New Zealand. The company earns majority of its revenue from sale of bottled wines. It sells its products in New Zealand, Australia, the United States, Canada, the United Kingdom, Europe, and the rest of the world.

Foley Wines (NZSE:FWL) Headlines

No Headlines