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Sprouts Farmers Market (Sprouts Farmers Market) Cyclically Adjusted PB Ratio : 9.03 (As of Apr. 27, 2024)


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What is Sprouts Farmers Market Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Sprouts Farmers Market's current share price is $66.98. Sprouts Farmers Market's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.42. Sprouts Farmers Market's Cyclically Adjusted PB Ratio for today is 9.03.

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

SFM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4   Med: 5.19   Max: 8.88
Current: 8.88

During the past years, Sprouts Farmers Market's highest Cyclically Adjusted PB Ratio was 8.88. The lowest was 4.00. And the median was 5.19.

SFM's Cyclically Adjusted PB Ratio is ranked worse than
92.63% of 217 companies
in the Retail - Defensive industry
Industry Median: 1.58 vs SFM: 8.88

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.

Sprouts Farmers Market's adjusted book value per share data for the three months ended in Dec. 2023 was $11.348. 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 $7.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sprouts Farmers Market Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sprouts Farmers Market'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.

Sprouts Farmers Market Cyclically Adjusted PB Ratio Chart

Sprouts Farmers Market 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 - - 5.29 5.05 6.48

Sprouts Farmers Market Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.05 5.19 5.21 5.88 6.48

Competitive Comparison of Sprouts Farmers Market's Cyclically Adjusted PB Ratio

For the Grocery Stores subindustry, Sprouts Farmers Market'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.


Sprouts Farmers Market's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Sprouts Farmers Market's Cyclically Adjusted PB Ratio falls into.



Sprouts Farmers Market 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.

Sprouts Farmers Market's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=66.98/7.42
=9.03

* 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.

Sprouts Farmers Market's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sprouts Farmers Market's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=11.348/129.4194*129.4194
=11.348

Current CPI (Dec. 2023) = 129.4194.

Sprouts Farmers Market Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.798 99.695 4.930
201406 4.085 100.560 5.257
201409 4.319 100.428 5.566
201412 4.514 99.070 5.897
201503 4.839 99.621 6.286
201506 5.091 100.684 6.544
201509 5.317 100.392 6.854
201512 5.394 99.792 6.995
201603 5.427 100.470 6.991
201606 5.351 101.688 6.810
201609 5.226 101.861 6.640
201612 4.798 101.863 6.096
201703 4.691 102.862 5.902
201706 4.788 103.349 5.996
201709 4.634 104.136 5.759
201712 4.899 104.011 6.096
201803 4.918 105.290 6.045
201806 4.712 106.317 5.736
201809 5.026 106.507 6.107
201812 4.714 105.998 5.756
201903 4.621 107.251 5.576
201906 4.501 108.070 5.390
201909 4.740 108.329 5.663
201912 4.951 108.420 5.910
202003 5.694 108.902 6.767
202006 6.302 108.767 7.499
202009 6.850 109.815 8.073
202012 7.472 109.897 8.799
202103 8.180 111.754 9.473
202106 8.240 114.631 9.303
202109 8.555 115.734 9.567
202112 8.639 117.630 9.505
202203 9.179 121.301 9.793
202206 9.389 125.017 9.720
202209 9.774 125.227 10.101
202212 9.959 125.222 10.293
202303 10.157 127.348 10.322
202306 10.522 128.729 10.578
202309 10.972 129.860 10.935
202312 11.348 129.419 11.348

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.


Sprouts Farmers Market  (NAS:SFM) 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.


Sprouts Farmers Market Cyclically Adjusted PB Ratio Related Terms

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


Sprouts Farmers Market (Sprouts Farmers Market) Business Description

Traded in Other Exchanges
Address
5455 East High Street, Suite 111, Phoenix, AZ, USA, 85054
Sprouts Farmers Market is an American specialty grocer offering an assortment highlighting fresh and naturally derived products. Its offerings are especially focused on produce, which constituted around 20% of sales in fiscal 2022. Founded in 2002, the chain is most heavily concentrated in California, which accounted for over one third of its 386 stores as of the end of fiscal 2022. All of the company's operations are in the United States, with its stores largely located in the southern half of the country. Private-label products accounted for nearly 20% of sales in fiscal 2022.
Executives
Brandon F. Lombardi officer: Chief Legal Officer 11811 N. TATUM BOULEVARD SUITE 2400, PHOENIX AZ 85028
David Mcglinchey officer: Chief Merchandising Officer 5455 E. HIGH STREET, SUITE 111, PHOENIX AZ 85054
Douglas Gregory Rauch director 54 WILDE ROAD, WABAN MA 02468
Joseph L Hurley officer: Chief Supply Chain Officer 5455 EAST HIGH STREET, SUITE 111, PHOENIX AZ 85054
Jack Sinclair director, officer: Chief Executive Officer 800 WEST 1ST STREET, APT. 2308, LOS ANGELES CA 90012
Lawrence Molloy director 19601 N 27TH AVENUE, PHOENIX AZ 85027
Stacy W. Hilgendorf officer: VP, Controller 14624 N. SCOTTSDALE ROAD, SUITE 300, SCOTTSDALE AZ 85254
James H Bahrenburg officer: Chief Technology Officer 5455 EAST HIGH STREET, SUITE 111, PHOENIX AZ 85054
Kim Coffin officer: SVP, Chief Forager 5455 EAST HIGH STREET, SUITE 111, PHOENIX AZ 85054
John Scott Neal officer: Chief Fresh Merchandising Off. 5455 EAST HIGH STREET, SUITE 111, PHOENIX AZ 85054
Timmi Zalatoris officer: Chief Human Resources Officer 5455 EAST HIGH STREET, SUITE 111, PHOENIX AZ 85054
Nicholas Konat officer: President & COO 10850 VIA FRONTERA, SAN DIEGO CA 92127
Dan J Sanders officer: Chief Operations Officer 5455 E. HIGH STREET, SUITE 111, PHOENIX AZ 85054
Alisa Gmelich officer: SVP, Chief Marketing Officer 5455 EAST HIGH STREET, SUITE 111, PHOENIX AZ 85054
Hari K. Avula director 5455 EAST HIGHT STREET, SUITE 111, PHOENIX AZ 85054