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Loblaw (Loblaw) Cyclically Adjusted Book per Share : $27.71 (As of Mar. 2024)


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What is Loblaw 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.

Loblaw's adjusted book value per share for the three months ended in Mar. 2024 was $26.282. 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 $27.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Loblaw's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 Loblaw was 8.60% per year. The lowest was 3.50% per year. And the median was 4.90% per year.

As of today (2024-05-04), Loblaw's current stock price is $113.10. Loblaw's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $27.71. Loblaw's Cyclically Adjusted PB Ratio of today is 4.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Loblaw was 4.14. The lowest was 1.45. And the median was 2.21.


Loblaw Cyclically Adjusted Book per Share Historical Data

The historical data trend for Loblaw'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.

Loblaw Cyclically Adjusted Book per Share Chart

Loblaw 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 22.98 23.96 25.83 26.62 28.11

Loblaw Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 26.66 27.73 27.37 28.11 27.71

Competitive Comparison of Loblaw's Cyclically Adjusted Book per Share

For the Grocery Stores subindustry, Loblaw'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.


Loblaw's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

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

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



Loblaw 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, Loblaw'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)
=26.282/125.4675*125.4675
=26.282

Current CPI (Mar. 2024) = 125.4675.

Loblaw Quarterly Data

Book Value per Share CPI Adj_Book
201403 22.379 98.604 28.476
201406 28.251 99.473 35.634
201409 27.730 99.394 35.004
201412 26.901 98.367 34.312
201503 24.629 99.789 30.967
201506 25.294 100.500 31.578
201509 23.914 100.421 29.878
201512 22.963 99.947 28.826
201603 23.561 101.054 29.253
201606 24.125 102.002 29.675
201609 24.265 101.765 29.917
201612 23.971 101.449 29.646
201703 24.275 102.634 29.676
201706 24.574 103.029 29.926
201709 27.798 103.345 33.749
201712 26.098 103.345 31.685
201803 25.987 105.004 31.051
201806 25.348 105.557 30.129
201809 25.226 105.636 29.962
201812 23.818 105.399 28.353
201903 22.529 106.979 26.422
201906 22.756 107.690 26.512
201909 22.946 107.611 26.753
201912 23.226 107.769 27.040
202003 21.989 107.927 25.563
202009 23.302 108.164 27.030
202012 24.199 108.559 27.968
202103 24.895 110.298 28.319
202106 26.122 111.720 29.336
202109 25.609 112.905 28.458
202112 26.591 113.774 29.324
202203 27.074 117.646 28.874
202206 26.088 120.806 27.095
202209 25.648 120.648 26.673
202212 25.259 120.964 26.199
202303 25.612 122.702 26.189
202306 26.391 124.203 26.660
202309 26.789 125.230 26.840
202312 27.098 125.468 27.098
202403 26.282 125.468 26.282

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


Loblaw  (OTCPK:LBLCF) 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.

Loblaw's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=113.10/27.71
=4.08

* 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 Loblaw was 4.14. The lowest was 1.45. And the median was 2.21.


Be Aware

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


Loblaw Cyclically Adjusted Book per Share Related Terms

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


Loblaw (Loblaw) Business Description

Traded in Other Exchanges
Address
1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Loblaw is Canada's largest retailer, operating 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.

Loblaw (Loblaw) Headlines

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