Stock Analysis on Net

Kellanova (NYSE:K)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Kellanova, P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 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: 2013-12-28), 10-K (reporting date: 2012-12-29), 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: 2007-12-29), 10-K (reporting date: 2006-12-30), 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 Kellanova Annual Report.


Share Price Trend
The share price demonstrates considerable fluctuations over the examined period. Starting at $44.31 in 2006, the price increases with some variability, reaching a peak around $74.74 in 2017. Subsequently, a downward trend is visible, with the price falling to $56.13 by 2024. This pattern indicates periods of both growth and decline, with notable volatility especially after 2017.
Book Value per Share (BVPS) Trend
The book value per share exhibits an overall increasing trend from $5.63 in 2006 to a peak of $11.53 in 2023, followed by a slight decline to $9.32 in 2024. There are some periods of decline or stagnation, notably a drop in 2009 and several fluctuations in subsequent years. Nevertheless, the general tendency points to an improvement in the company's net asset value per share over the long term.
Price-to-Book Value Ratio (P/BV) Trend
The P/BV ratio shows substantial volatility throughout the timeline. Ratios oscillate between approximately 5.98 and 13.74, with no consistent long-term directional movement. Notably, peaks in this ratio occur in the years around 2012 and 2017. The ratio's decline after 2017 suggests market valuation became more closely aligned with book value, possibly indicating reduced investor optimism or market revaluation.
Insights and Patterns
The share price and P/BV ratio trends are moderately correlated; higher share prices often coincide with elevated P/BV ratios, reflecting more aggressive market valuation relative to book value. The steady rise in BVPS indicates strengthening underlying fundamental value, although market price does not always reflect this. The volatility in the P/BV ratio further suggests fluctuating investor sentiment or external market influences impacting valuation more than fundamentals. Recent years show price retraction despite relatively high BVPS, tempering valuations closer to book value.

Comparison to Competitors

Kellanova, P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 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: 2013-12-28), 10-K (reporting date: 2012-12-29), 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: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Food, Beverage & Tobacco)


Comparison to Industry (Consumer Staples)