GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Femsa SAB de CV (NYSE:KOF) » Definitions » Cyclically Adjusted PB Ratio

Coca-Cola FemsaB de CV (Coca-Cola FemsaB de CV) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)


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What is Coca-Cola FemsaB de CV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola FemsaB de CV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Coca-Cola FemsaB de CV'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.

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Coca-Cola FemsaB de CV Cyclically Adjusted PB Ratio Chart

Coca-Cola FemsaB de CV 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 1.53 1.09 1.35 1.73 2.39

Coca-Cola FemsaB de CV 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 - 2.09 1.93 2.39 -

Competitive Comparison of Coca-Cola FemsaB de CV's Cyclically Adjusted PB Ratio

For the Beverages - Non-Alcoholic subindustry, Coca-Cola FemsaB de CV'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.


Coca-Cola FemsaB de CV's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola FemsaB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola FemsaB de CV's Cyclically Adjusted PB Ratio falls into.



Coca-Cola FemsaB de CV 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.

Coca-Cola FemsaB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Coca-Cola FemsaB de CV'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)
=34.19/151.0167*151.0167
=34.190

Current CPI (Mar. 2024) = 151.0167.

Coca-Cola FemsaB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201406 40.770 96.609 63.731
201409 39.942 97.652 61.769
201412 34.576 99.469 52.494
201503 30.389 99.973 45.905
201506 30.907 99.382 46.965
201509 28.556 100.112 43.076
201512 29.388 101.588 43.687
201603 28.479 102.573 41.929
201606 28.496 101.905 42.229
201609 28.428 103.084 41.647
201612 28.578 105.002 41.102
201703 29.317 108.063 40.970
201706 29.491 108.339 41.109
201709 31.237 109.628 43.030
201712 29.707 112.114 40.015
201803 29.452 113.505 39.186
201806 28.047 113.373 37.360
201809 29.314 115.130 38.451
201812 30.290 117.530 38.920
201903 29.121 118.050 37.253
201906 30.293 117.848 38.819
201909 29.667 118.581 37.782
201912 31.027 120.854 38.771
202003 24.627 121.885 30.513
202006 24.758 121.777 30.703
202009 25.596 123.341 31.339
202012 27.967 124.661 33.880
202103 25.250 127.574 29.890
202106 27.130 128.936 31.776
202109 27.045 130.742 31.239
202112 28.204 133.830 31.826
202203 27.819 137.082 30.647
202206 27.792 139.233 30.144
202209 28.505 142.116 30.290
202212 30.613 144.291 32.040
202303 0.000 146.472 0.000
202306 32.547 146.272 33.603
202309 33.948 148.446 34.536
202312 35.621 151.017 35.621
202403 34.190 151.017 34.190

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.


Coca-Cola FemsaB de CV  (NYSE:KOF) 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.


Coca-Cola FemsaB de CV Cyclically Adjusted PB Ratio Related Terms

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Coca-Cola FemsaB de CV (Coca-Cola FemsaB de CV) Business Description

Address
Calle Mario Pani Number 100, Santa Fe Cuajimalpa, Cuajimalpa de Morelos, Ciudad de Mexico, DF, MEX, 05348
Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of wide-moat Coca-Cola in unit case volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through on-trade and off-trade channels, including retailers and food-service providers. Mexico and Brazil make up 80% of total sales for Coca-Cola Femsa, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Parent Femsa and Coca-Cola hold 47% and 28% of economic interests in Coca-Cola Femsa, through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the respective voting rights.