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Carvana Co (Carvana Co) Cyclically Adjusted Book per Share : $0.38 (As of Mar. 2024)


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What is Carvana Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Carvana Co's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was $2.127. 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 $0.38 for the trailing ten years ended in Dec. 2023.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-05-14), Carvana Co's current stock price is $ 116.90. Carvana Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was $0.38. Carvana Co's Cyclically Adjusted PB Ratio of today is 307.63.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Carvana Co was 311.93. The lowest was 110.00. And the median was 139.82.


Carvana Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Carvana Co's Cyclically Adjusted Book per Share 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.

Carvana Co Cyclically Adjusted Book per Share Chart

Carvana Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.38

Carvana 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 Book per Share 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 - - - 0.38 -

Competitive Comparison of Carvana Co's Cyclically Adjusted Book per Share

For the Auto & Truck Dealerships subindustry, Carvana 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.


Carvana Co's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Carvana Co's Cyclically Adjusted PB Ratio falls into.



Carvana Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Carvana Co's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_Book=Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.127/129.4194*129.4194
=2.127

Current CPI (Dec. 2023) = 129.4194.

Carvana Co Annual Data

Book Value per Share CPI Adj_Book
201412 0.000 99.070 0.000
201512 -0.188 99.792 -0.244
201612 -7.731 101.863 -9.822
201712 1.581 104.011 1.967
201812 1.934 105.998 2.361
201912 1.943 108.420 2.319
202012 5.071 109.897 5.972
202112 3.403 117.630 3.744
202212 -4.885 125.222 -5.049
202312 2.127 129.419 2.127

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Carvana Co  (NYSE:CVNA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Carvana Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=116.90/0.38
=307.63

* 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.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Carvana Co was 311.93. The lowest was 110.00. And the median was 139.82.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Carvana Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Carvana Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Carvana Co (Carvana Co) Business Description

Industry
Traded in Other Exchanges
Address
300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
Executives
Paul W. Breaux officer: See Remarks 300 E RIO SALADO PKWY, TEMPE AZ 85281
Ecg Ii Spe, Llc 10 percent owner 1720 W. RIO SALADO PARKWAY, SUITE A, TEMPE AZ 85281
Thomas Taira officer: President, Special Projects 300 E RIO SALADO PKWY, TEMPE AZ 85281
Daniel J. Gill officer: Chief Product Officer 300 E RIO SALADO PKWY, TEMPE AZ 85281
Gregory B Sullivan director 1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281
Ira J. Platt director 65 STURGES HWY, WESTPORT CT 06880
Michael E Maroone director 909 POINCIANA DRIVE, FORT LAUDERDALE FL 33301
Garcia Ernest C Ii 10 percent owner 100 CRESCENT COURT, SUITE 1100, DALLAS TX 75201
Ryan S. Keeton officer: Chief Brand Officer 300 E RIO SALADO PKWY, TEMPE AZ 85281
J Danforth Quayle director 1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281
Garcia Ernest C. Iii director, 10 percent owner, officer: Chief Executive Officer 300 E RIO SALADO PKWY, TEMPE AZ 85281
Benjamin E. Huston officer: Chief Operating Officer 300 E RIO SALADO PKWY, TEMPE AZ 85281
Mark W. Jenkins officer: Chief Financial Officer 300 E RIO SALADO PKWY, TEMPE AZ 85281
Stephen R Palmer officer: Vice President of Accounting 1930 W RIO SALADO PKWY, TEMPE AZ 85281
Neha Parikh director 1930 W. RIO SALADO PARKWAY, TEMPE AZ 85281