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Procter & Gamble Co (Procter & Gamble Co) Cyclically Adjusted PB Ratio : 6.67 (As of Apr. 27, 2024)


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What is Procter & Gamble Co Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Procter & Gamble Co's current share price is $161.29. Procter & Gamble Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $24.17. Procter & Gamble Co's Cyclically Adjusted PB Ratio for today is 6.67.

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

PG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.88   Med: 4.02   Max: 6.69
Current: 6.67

During the past years, Procter & Gamble Co's highest Cyclically Adjusted PB Ratio was 6.69. The lowest was 2.88. And the median was 4.02.

PG's Cyclically Adjusted PB Ratio is ranked worse than
93.08% of 1229 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs PG: 6.67

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 $20.870. 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 $24.17 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 6.71

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
=161.29/24.17
=6.67

* 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)
=20.87/129.4194*129.4194
=20.870

Current CPI (Mar. 2024) = 129.4194.

Procter & Gamble Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.123 100.560 32.333
201409 24.038 100.428 30.977
201412 23.343 99.070 30.494
201503 22.723 99.621 29.520
201506 22.598 100.684 29.048
201509 22.503 100.392 29.010
201512 22.394 99.792 29.042
201603 21.843 100.470 28.137
201606 21.103 101.688 26.858
201609 21.388 101.861 27.175
201612 20.355 101.863 25.862
201703 20.656 102.862 25.989
201706 21.219 103.349 26.572
201709 21.217 104.136 26.368
201712 21.073 104.011 26.221
201803 21.213 105.290 26.075
201806 20.546 106.317 25.011
201809 20.585 106.507 25.013
201812 21.204 105.998 25.889
201903 21.584 107.251 26.045
201906 18.471 108.070 22.120
201909 18.311 108.329 21.876
201912 18.072 108.420 21.572
202003 18.032 108.902 21.429
202006 18.399 108.767 21.892
202009 19.073 109.815 22.478
202012 19.207 109.897 22.619
202103 18.676 111.754 21.628
202106 18.730 114.631 21.146
202109 18.700 115.734 20.911
202112 18.256 117.630 20.086
202203 18.602 121.301 19.847
202206 19.110 125.017 19.783
202209 18.247 125.227 18.858
202212 18.491 125.222 19.111
202303 18.803 127.348 19.109
202306 19.456 128.729 19.560
202309 19.891 129.860 19.824
202312 20.282 129.419 20.282
202403 20.870 129.419 20.870

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  (NYSE:PG) 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

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


Procter & Gamble Co (Procter & Gamble Co) 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.
Executives
R. Alexandra Keith officer: President Global Hair & Beauty ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Andre Schulten officer: Chief Financial Officer ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Aguilar Moses Victor Javier officer: Chf Rsch, Dev & Innov Officer ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Susan Street Whaley officer: Chief Legal Officer & Secy 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Matthew W. Janzaruk officer: SVP - Chief Accounting Officer 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
M. Brett Biggs director 702 SW 8TH STREET, BENTONVILLE AR 72716
Balaji Purushothaman officer: Chief Human Resources Officer 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Shailesh Jejurikar officer: President - Global Fabric Care ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Gary A Coombe officer: President-Europe SMO ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Marc S. Pritchard officer: Global Marketing Officer ONE PROCTER AND GAMBLE PLAZA, CINCINNATI OH 45202
Jon R Moeller officer: Chief Financial Officer ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Ma. Fatima Francisco officer: President - Global Baby ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Jennifer L. Davis officer: CEO - Health Care 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Sundar G. Raman officer: CEO-Fabric & Home Care ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Sheila Bonini director 1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202