Price to Book Value (P/BV)
since 2005
Calculation
Mondelēz International Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Mondelēz International shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 4, 2026 | 2.95 | = | 59.40 | ÷ | 20.16 | 20.16 | = | 25,838 | ÷ | 1,281,845,669 | |
| Feb 5, 2025 | 2.76 | = | 57.43 | ÷ | 20.82 | 20.82 | = | 26,932 | ÷ | 1,293,525,167 | |
| Feb 2, 2024 | 3.65 | = | 76.87 | ÷ | 21.04 | 21.04 | = | 28,332 | ÷ | 1,346,477,411 | |
| Feb 3, 2023 | 3.34 | = | 65.91 | ÷ | 19.72 | 19.72 | = | 26,883 | ÷ | 1,363,306,849 | |
| Feb 4, 2022 | 3.29 | = | 67.02 | ÷ | 20.36 | 20.36 | = | 28,269 | ÷ | 1,388,328,044 | |
| Feb 5, 2021 | 2.88 | = | 56.21 | ÷ | 19.53 | 19.53 | = | 27,578 | ÷ | 1,412,114,559 | |
| Feb 7, 2020 | 3.08 | = | 58.66 | ÷ | 19.03 | 19.03 | = | 27,275 | ÷ | 1,432,943,006 | |
| Feb 8, 2019 | 2.64 | = | 46.90 | ÷ | 17.75 | 17.75 | = | 25,637 | ÷ | 1,444,169,449 | |
| Feb 9, 2018 | 2.40 | = | 42.14 | ÷ | 17.56 | 17.56 | = | 26,111 | ÷ | 1,487,328,466 | |
| Feb 24, 2017 | 2.75 | = | 45.38 | ÷ | 16.48 | 16.48 | = | 25,161 | ÷ | 1,526,612,169 | |
| Feb 19, 2016 | 2.23 | = | 39.81 | ÷ | 17.86 | 17.86 | = | 28,012 | ÷ | 1,568,858,264 | |
| Feb 20, 2015 | 2.20 | = | 36.97 | ÷ | 16.82 | 16.82 | = | 27,750 | ÷ | 1,649,480,188 | |
| Mar 3, 2014 | 1.78 | = | 33.80 | ÷ | 19.03 | 19.03 | = | 32,373 | ÷ | 1,700,976,286 | |
| Feb 25, 2013 | 1.46 | = | 26.49 | ÷ | 18.12 | 18.12 | = | 32,215 | ÷ | 1,778,287,539 | |
| Feb 27, 2012 | 1.90 | = | 37.91 | ÷ | 19.92 | 19.92 | = | 35,217 | ÷ | 1,768,235,021 | |
| Feb 28, 2011 | 1.55 | = | 31.84 | ÷ | 20.49 | 20.49 | = | 35,834 | ÷ | 1,748,927,248 | |
| Feb 25, 2010 | 1.65 | = | 28.81 | ÷ | 17.49 | 17.49 | = | 25,876 | ÷ | 1,479,371,197 | |
| Feb 27, 2009 | 1.51 | = | 22.78 | ÷ | 15.11 | 15.11 | = | 22,200 | ÷ | 1,469,388,330 | |
| Feb 25, 2008 | 1.77 | = | 31.53 | ÷ | 17.80 | 17.80 | = | 27,295 | ÷ | 1,533,315,478 | |
| Mar 1, 2007 | 1.86 | = | 32.37 | ÷ | 17.41 | 17.41 | = | 28,555 | ÷ | 1,639,862,628 | |
| Mar 10, 2006 | 1.72 | = | 30.57 | ÷ | 17.73 | 17.73 | = | 29,593 | ÷ | 1,668,625,533 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Mondelēz International Inc. Annual Report.
The price-to-book (P/BV) ratio, calculated from the provided share price and book value per share figures, exhibits considerable fluctuation over the observed period from 2006 to 2026. An initial period of relative stability is followed by a period of increased volatility and then a more recent trend towards higher values.
- Initial Period (2006-2009)
- From 2006 to 2009, the P/BV ratio remained relatively contained, fluctuating between 1.51 and 1.86. It began at 1.72 in 2006, peaked at 1.86 in 2007, and then experienced a decline to 1.51 in 2009, coinciding with a decrease in share price. This suggests a period where market valuation remained reasonably aligned with book value, though with some sensitivity to share price movements.
- Recovery and Stabilization (2010-2012)
- The period between 2010 and 2012 saw a recovery in the P/BV ratio, rising from 1.65 to 1.90. This increase was driven by a combination of share price appreciation and a relatively stable book value per share. The ratio then decreased slightly in 2013 to 1.46, indicating a potential correction or shift in investor sentiment.
- Increased Volatility (2013-2017)
- From 2013 through 2017, the P/BV ratio demonstrated increased volatility. It rose significantly to 2.75 in 2017, representing a substantial premium over book value. This period was characterized by a more pronounced increase in share price relative to book value, suggesting growing investor optimism. Prior to this peak, the ratio fluctuated between 1.78 and 2.23.
- Recent Trends (2018-2026)
- The P/BV ratio experienced a decline from its 2017 peak of 2.75 to 2.40 in 2018, followed by a gradual increase to 3.65 in 2023. The ratio then decreased to 2.76 in 2024 and 2.95 in 2025. The most recent value in 2026 is 2.95. This suggests a period of re-evaluation, with the ratio remaining at a relatively elevated level compared to the earlier years in the series, but showing some recent moderation. The fluctuations in this period may reflect changing market conditions and investor expectations.
Overall, the P/BV ratio demonstrates a long-term trend towards higher valuations, punctuated by periods of volatility. The recent values suggest that the market continues to place a premium on the company’s net asset value, although the premium has fluctuated and shown some signs of stabilization in the most recent periods.
Comparison to Competitors
Mondelēz International Inc., P/BV, long-term trends, comparison to competitors
| Mondelēz International Inc. | Coca-Cola Co. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Feb 4, 2026 | 2.95 | — | 10.91 | — |
| Feb 5, 2025 | 2.76 | 12.12 | 10.91 | — |
| Feb 2, 2024 | 3.65 | 10.09 | 12.45 | — |
| Feb 3, 2023 | 3.34 | 10.73 | 13.88 | — |
| Feb 4, 2022 | 3.29 | 11.74 | 14.52 | — |
| Feb 5, 2021 | 2.88 | 11.20 | 13.84 | — |
| Feb 7, 2020 | 3.08 | 13.26 | 13.76 | — |
| Feb 8, 2019 | 2.64 | 11.55 | 11.21 | — |
| Feb 9, 2018 | 2.40 | 11.00 | 14.62 | — |
| Feb 24, 2017 | 2.75 | 7.78 | 13.73 | — |
| Feb 19, 2016 | 2.23 | 7.48 | 11.75 | — |
| Feb 20, 2015 | 2.20 | 6.06 | 8.52 | — |
| Mar 3, 2014 | 1.78 | 5.06 | 4.90 | — |
| Feb 25, 2013 | 1.46 | 5.23 | 5.22 | — |
| Feb 27, 2012 | 1.90 | 4.95 | 4.83 | 624.24 |
| Feb 28, 2011 | 1.55 | 4.73 | 4.75 | 31.91 |
| Feb 25, 2010 | 1.65 | 4.90 | 5.83 | 16.12 |
| Feb 27, 2009 | 1.51 | 4.64 | 6.71 | 9.14 |
| Feb 25, 2008 | 1.77 | 6.36 | 6.67 | — |
| Mar 1, 2007 | 1.86 | 6.51 | 6.89 | — |
| Mar 10, 2006 | 1.72 | 6.08 | 6.92 | — |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Mondelēz International Inc., P/BV, long-term trends, comparison to sector (food, beverage & tobacco)
| Mondelēz International Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 4, 2026 | 2.95 | — |
| Feb 5, 2025 | 2.76 | 13.74 |
| Feb 2, 2024 | 3.65 | 11.92 |
| Feb 3, 2023 | 3.34 | 12.59 |
| Feb 4, 2022 | 3.29 | 13.34 |
| Feb 5, 2021 | 2.88 | 12.88 |
| Feb 7, 2020 | 3.08 | 13.65 |
| Feb 8, 2019 | 2.64 | 12.22 |
| Feb 9, 2018 | 2.40 | 13.57 |
| Feb 24, 2017 | 2.75 | 12.01 |
| Feb 19, 2016 | 2.23 | 10.24 |
| Feb 20, 2015 | 2.20 | 8.30 |
| Mar 3, 2014 | 1.78 | 5.72 |
| Feb 25, 2013 | 1.46 | 5.83 |
| Feb 27, 2012 | 1.90 | 5.32 |
| Feb 28, 2011 | 1.55 | 4.53 |
| Feb 25, 2010 | 1.65 | 4.84 |
| Feb 27, 2009 | 1.51 | 4.47 |
| Feb 25, 2008 | 1.77 | 4.55 |
| Mar 1, 2007 | 1.86 | 4.42 |
| Mar 10, 2006 | 1.72 | 4.14 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Mondelēz International Inc., P/BV, long-term trends, comparison to industry (consumer staples)
| Mondelēz International Inc. | Consumer Staples | |
|---|---|---|
| Feb 4, 2026 | 2.95 | — |
| Feb 5, 2025 | 2.76 | 9.43 |
| Feb 2, 2024 | 3.65 | 8.14 |
| Feb 3, 2023 | 3.34 | 8.11 |
| Feb 4, 2022 | 3.29 | 8.15 |
| Feb 5, 2021 | 2.88 | 7.44 |
| Feb 7, 2020 | 3.08 | 7.21 |
| Feb 8, 2019 | 2.64 | 5.76 |
| Feb 9, 2018 | 2.40 | 5.70 |
| Feb 24, 2017 | 2.75 | 5.35 |
| Feb 19, 2016 | 2.23 | 5.06 |
| Feb 20, 2015 | 2.20 | 4.55 |
| Mar 3, 2014 | 1.78 | 4.08 |
| Feb 25, 2013 | 1.46 | 3.89 |
| Feb 27, 2012 | 1.90 | 3.50 |
| Feb 28, 2011 | 1.55 | 3.45 |
| Feb 25, 2010 | 1.65 | 3.38 |
| Feb 27, 2009 | 1.51 | 3.48 |
| Feb 25, 2008 | 1.77 | 3.56 |
| Mar 1, 2007 | 1.86 | 3.66 |
| Mar 10, 2006 | 1.72 | 4.47 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).