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Tile Shop Holdings (Tile Shop Holdings) Cyclically Adjusted Book per Share : $3.06 (As of Mar. 2024)


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What is Tile Shop Holdings 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.

Tile Shop Holdings's adjusted book value per share for the three months ended in Mar. 2024 was $2.720. 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 $3.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tile Shop Holdings's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.10% 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 Tile Shop Holdings was 11.10% per year. The lowest was 11.10% per year. And the median was 11.10% per year.

As of today (2024-05-23), Tile Shop Holdings's current stock price is $6.38. Tile Shop Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.06. Tile Shop Holdings's Cyclically Adjusted PB Ratio of today is 2.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tile Shop Holdings was 3.68. The lowest was 1.05. And the median was 2.11.


Tile Shop Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tile Shop Holdings'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.

Tile Shop Holdings Cyclically Adjusted Book per Share Chart

Tile Shop Holdings 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 - 2.18 2.42 2.81 2.99

Tile Shop Holdings 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 2.90 2.95 2.99 2.99 3.06

Competitive Comparison of Tile Shop Holdings's Cyclically Adjusted Book per Share

For the Home Improvement Retail subindustry, Tile Shop Holdings'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.


Tile Shop Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tile Shop Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tile Shop Holdings 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, Tile Shop Holdings'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)
=2.72/131.7762*131.7762
=2.720

Current CPI (Mar. 2024) = 131.7762.

Tile Shop Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.757 100.560 2.302
201409 1.809 100.428 2.374
201412 1.826 99.070 2.429
201503 1.923 99.621 2.544
201506 2.037 100.684 2.666
201509 2.139 100.392 2.808
201512 2.240 99.792 2.958
201603 2.395 100.470 3.141
201606 2.555 101.688 3.311
201609 2.664 101.861 3.446
201612 2.691 101.863 3.481
201703 2.812 102.862 3.602
201706 2.914 103.349 3.716
201709 2.948 104.136 3.730
201712 2.758 104.011 3.494
201803 2.782 105.290 3.482
201806 2.834 106.317 3.513
201809 2.836 106.507 3.509
201812 2.777 105.998 3.452
201903 2.879 107.251 3.537
201906 2.727 108.070 3.325
201909 2.651 108.329 3.225
201912 2.576 108.420 3.131
202003 2.624 108.902 3.175
202006 2.621 108.767 3.175
202009 2.653 109.815 3.184
202012 2.690 109.897 3.226
202103 2.780 111.754 3.278
202106 2.898 114.631 3.331
202109 2.945 115.734 3.353
202112 2.352 117.630 2.635
202203 2.411 121.301 2.619
202206 2.544 125.017 2.682
202209 2.532 125.227 2.664
202212 2.451 125.222 2.579
202303 2.494 127.348 2.581
202306 2.616 128.729 2.678
202309 2.665 129.860 2.704
202312 2.689 129.419 2.738
202403 2.720 131.776 2.720

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


Tile Shop Holdings  (NAS:TTSH) 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.

Tile Shop Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.38/3.06
=2.08

* 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 Tile Shop Holdings was 3.68. The lowest was 1.05. And the median was 2.11.


Be Aware

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


Tile Shop Holdings Cyclically Adjusted Book per Share Related Terms

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


Tile Shop Holdings (Tile Shop Holdings) Business Description

Traded in Other Exchanges
Address
14000 Carlson Parkway, Plymouth, MN, USA, 55441
Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It manufactures its setting and maintenance materials, such as thinset, grout, and sealers. The company's primary market is retail sales to consumers, contractors, designers, and home builders. The company's distribution centers are in Michigan, New Jersey, Oklahoma, Virginia, and Wisconsin.
Executives
Fund 1 Investments, Llc 10 percent owner 100 CARR 115, UNIT 1900, RINCON PR 00677
Mark Burton Davis officer: VP Inv. Relations & CAO C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Pleasant Lake Partners Llc 10 percent owner 100 CARR 115 UNIT 1900, RINCON PR 00677
Karla Lunan officer: Chief Financial Officer C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PKWY., PLYMOUTH MN 55441
Deborah K Glasser director C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Linda Solheid director C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Robert A Rucker director, 10 percent owner, officer: Chief Executive Officer 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Philip B Livingston director 1241 EAST MAIN ST, STAMFORD CT 06902
Brc Partners Opportunity Fund, Lp other: See Remarks 11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Financial, Inc. other: See Remarks 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
272 Capital Lp 10 percent owner 3811 TURTLE CREEK BLVD, SUITE 2100, DALLAS TX 75219
Bryant R Riley other: See Remarks C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Wes Cummins 10 percent owner 4505 LORRAINE AVE, DALLAS TX 75205
B. Riley Securities, Inc. other: See Remarks 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc other: See Remarks 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025

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