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George Weston (TSX:WN) Cyclically Adjusted PB Ratio : 3.40 (As of May. 14, 2024)


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What is George Weston Cyclically Adjusted PB Ratio?

As of today (2024-05-14), George Weston's current share price is C$190.82. George Weston's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$56.10. George Weston's Cyclically Adjusted PB Ratio for today is 3.40.

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

TSX:WN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 2.19   Max: 3.4
Current: 3.4

During the past years, George Weston's highest Cyclically Adjusted PB Ratio was 3.40. The lowest was 1.66. And the median was 2.19.

TSX:WN's Cyclically Adjusted PB Ratio is ranked worse than
76.15% of 218 companies
in the Retail - Defensive industry
Industry Median: 1.59 vs TSX:WN: 3.40

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.

George Weston's adjusted book value per share data for the three months ended in Mar. 2024 was C$42.194. 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$56.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


George Weston Cyclically Adjusted PB Ratio Historical Data

The historical data trend for George Weston'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.

George Weston Cyclically Adjusted PB Ratio Chart

George Weston Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.99 1.87 2.78 3.05 2.92

George Weston 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 3.21 2.78 2.66 2.92 3.26

Competitive Comparison of George Weston's Cyclically Adjusted PB Ratio

For the Grocery Stores subindustry, George Weston'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.


George Weston's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, George Weston's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



George Weston 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.

George Weston's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=190.82/56.1
=3.40

* 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.

George Weston's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, George Weston'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)
=42.194/125.4675*125.4675
=42.194

Current CPI (Mar. 2024) = 125.4675.

George Weston Quarterly Data

Book Value per Share CPI Adj_Book
201406 49.648 99.473 62.622
201409 49.402 99.394 62.361
201412 50.602 98.367 64.543
201503 51.728 99.789 65.039
201506 51.380 100.500 64.144
201509 52.966 100.421 66.176
201512 53.776 99.947 67.507
201603 52.351 101.054 64.999
201606 52.370 102.002 64.418
201609 54.103 101.765 66.705
201612 54.316 101.449 67.176
201703 54.309 102.634 66.392
201706 54.237 103.029 66.049
201709 55.867 103.345 67.826
201712 55.642 103.345 67.553
201803 55.167 105.004 65.918
201806 54.881 105.557 65.233
201809 54.466 105.636 64.691
201812 47.095 105.399 56.062
201903 42.454 106.979 49.791
201906 42.782 107.690 49.844
201909 42.179 107.611 49.178
201912 44.199 107.769 51.457
202003 47.790 107.927 55.557
202006 45.005 108.401 52.090
202009 45.786 108.164 53.110
202012 45.900 108.559 53.049
202103 44.428 110.298 50.538
202106 42.842 111.720 48.114
202109 41.526 112.905 46.146
202112 41.842 113.774 46.142
202203 41.756 117.646 44.532
202206 42.902 120.806 44.557
202209 46.303 120.648 48.153
202212 42.852 120.964 44.447
202303 43.959 122.702 44.950
202306 44.757 124.203 45.213
202309 46.015 125.230 46.102
202312 43.579 125.468 43.579
202403 42.194 125.468 42.194

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.


George Weston  (TSX:WN) 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.


George Weston Cyclically Adjusted PB Ratio Related Terms

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


George Weston (TSX:WN) Business Description

Address
22 St. Clair Avenue East, Suite 1901, Toronto, ON, CAN, M4T 2S7
George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages 702 commercial and residential properties in Canada, generating 57% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.
Executives
Richard Dufresne Senior Officer

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