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Target (STU:DYH) Cyclically Adjusted PB Ratio : 5.56 (As of May. 21, 2024)


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What is Target Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Target's current share price is €145.28. Target's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €26.15. Target's Cyclically Adjusted PB Ratio for today is 5.56.

The historical rank and industry rank for Target's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:DYH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.16   Med: 3.55   Max: 10.21
Current: 5.58

During the past years, Target's highest Cyclically Adjusted PB Ratio was 10.21. The lowest was 2.16. And the median was 3.55.

STU:DYH's Cyclically Adjusted PB Ratio is ranked worse than
86.7% of 218 companies
in the Retail - Defensive industry
Industry Median: 1.58 vs STU:DYH: 5.58

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.

Target's adjusted book value per share data for the three months ended in Jan. 2024 was €26.708. 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 €26.15 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Target Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Target's Cyclically Adjusted PB Ratio 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.

Target Cyclically Adjusted PB Ratio Chart

Target Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 7.26 8.17 6.17 4.95

Target Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted PB Ratio 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 6.17 5.62 4.85 3.94 4.95

Competitive Comparison of Target's Cyclically Adjusted PB Ratio

For the Discount Stores subindustry, Target'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.


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

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

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



Target Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Target's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=145.28/26.15
=5.56

* 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.

Target's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Target's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=26.708/130.1244*130.1244
=26.708

Current CPI (Jan. 2024) = 130.1244.

Target Quarterly Data

Book Value per Share CPI Adj_Book
201404 18.838 100.023 24.507
201407 19.165 100.520 24.809
201410 20.364 100.176 26.452
201501 18.824 98.604 24.842
201504 20.515 99.824 26.742
201507 20.102 100.691 25.978
201510 19.093 100.346 24.759
201601 19.815 99.957 25.795
201604 18.619 100.947 24.001
201607 18.227 101.524 23.362
201610 17.831 101.988 22.750
201701 18.512 102.456 23.511
201704 18.639 103.167 23.509
201707 17.617 103.278 22.196
201710 17.425 104.070 21.787
201801 17.637 104.578 21.945
201804 17.064 105.708 21.005
201807 18.169 106.324 22.236
201810 18.473 106.695 22.530
201901 19.113 106.200 23.419
201904 19.313 107.818 23.309
201907 20.647 108.250 24.819
201910 20.598 108.577 24.686
202001 21.145 108.841 25.280
202004 20.554 108.173 24.725
202007 21.875 109.318 26.039
202010 22.608 109.861 26.778
202101 23.669 110.364 27.907
202104 25.208 112.673 29.112
202107 25.675 115.183 29.006
202110 24.741 116.696 27.588
202201 24.060 118.619 26.394
202204 21.516 121.978 22.953
202207 22.623 125.002 23.550
202210 24.298 125.734 25.146
202301 22.642 126.223 23.342
202304 22.931 127.992 23.313
202307 23.481 128.974 23.690
202310 25.670 129.810 25.732
202401 26.708 130.124 26.708

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


Target  (STU:DYH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Target Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Target's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Target (STU:DYH) Business Description

Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

Target (STU:DYH) Headlines

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