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Amazon.com (HAM:AMZ) Cyclically Adjusted Book per Share : €7.24 (As of Mar. 2024)


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What is Amazon.com 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.

Amazon.com's adjusted book value per share for the three months ended in Mar. 2024 was €19.161. 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 €7.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Amazon.com's average Cyclically Adjusted Book Growth Rate was 30.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 38.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 38.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 33.60% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Amazon.com was 73.80% per year. The lowest was 24.60% per year. And the median was 34.05% per year.

As of today (2024-05-16), Amazon.com's current stock price is €169.84. Amazon.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.24. Amazon.com's Cyclically Adjusted PB Ratio of today is 23.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Amazon.com was 76.24. The lowest was 15.40. And the median was 46.18.


Amazon.com Cyclically Adjusted Book per Share Historical Data

The historical data trend for Amazon.com'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.

Amazon.com Cyclically Adjusted Book per Share Chart

Amazon.com 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 1.86 2.32 3.66 5.20 6.71

Amazon.com 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 5.53 5.92 6.63 6.71 7.24

Competitive Comparison of Amazon.com's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, Amazon.com'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.


Amazon.com's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Amazon.com's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Amazon.com 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, Amazon.com'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)
=19.161/131.7762*131.7762
=19.161

Current CPI (Mar. 2024) = 131.7762.

Amazon.com Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.844 100.560 1.106
201409 0.866 100.428 1.136
201412 0.937 99.070 1.246
201503 1.078 99.621 1.426
201506 1.120 100.684 1.466
201509 1.181 100.392 1.550
201512 1.304 99.792 1.722
201603 1.404 100.470 1.841
201606 1.553 101.688 2.013
201609 1.668 101.861 2.158
201612 1.916 101.863 2.479
201703 2.120 102.862 2.716
201706 2.152 103.349 2.744
201709 2.146 104.136 2.716
201712 2.419 104.011 3.065
201803 2.631 105.290 3.293
201806 3.076 106.317 3.813
201809 3.428 106.507 4.241
201812 3.898 105.998 4.846
201903 4.354 107.251 5.350
201906 4.753 108.070 5.796
201909 5.183 108.329 6.305
201912 5.608 108.420 6.816
202003 5.919 108.902 7.162
202006 6.534 108.767 7.916
202009 7.000 109.815 8.400
202012 7.632 109.897 9.151
202103 8.617 111.754 10.161
202106 9.416 114.631 10.824
202109 10.106 115.734 11.507
202112 12.018 117.630 13.463
202203 11.952 121.301 12.984
202206 12.207 125.017 12.867
202209 13.617 125.227 14.329
202212 13.461 125.222 14.166
202303 14.070 127.348 14.559
202306 15.090 128.729 15.447
202309 16.597 129.860 16.842
202312 17.829 129.419 18.154
202403 19.161 131.776 19.161

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


Amazon.com  (HAM:AMZ) 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.

Amazon.com's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=169.84/7.24
=23.46

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Amazon.com was 76.24. The lowest was 15.40. And the median was 46.18.


Be Aware

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


Amazon.com Cyclically Adjusted Book per Share Related Terms

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


Amazon.com (HAM:AMZ) Business Description

Industry
Address
410 Terry Avenue North, Seattle, WA, USA, 98109-5210
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments constitute 25%-30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

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