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Kirkland's (Kirkland's) Cyclically Adjusted Book per Share : $7.61 (As of Jan. 2024)


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What is Kirkland's 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.

Kirkland's's adjusted book value per share for the three months ended in Jan. 2024 was $0.242. 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 $7.61 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Kirkland's's average Cyclically Adjusted Book Growth Rate was -8.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 Kirkland's was 11.70% per year. The lowest was -0.90% per year. And the median was 9.30% per year.

As of today (2024-05-16), Kirkland's's current stock price is $1.85. Kirkland's's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $7.61. Kirkland's's Cyclically Adjusted PB Ratio of today is 0.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kirkland's was 5.73. The lowest was 0.09. And the median was 1.83.


Kirkland's Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kirkland's'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.

Kirkland's Cyclically Adjusted Book per Share Chart

Kirkland's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.81 7.82 8.29 8.33 7.61

Kirkland's Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 8.33 8.25 8.08 7.88 7.61

Competitive Comparison of Kirkland's's Cyclically Adjusted Book per Share

For the Home Improvement Retail subindustry, Kirkland's'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.


Kirkland's's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Kirkland's 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, Kirkland's'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)
=0.242/129.4194*129.4194
=0.242

Current CPI (Jan. 2024) = 129.4194.

Kirkland's Quarterly Data

Book Value per Share CPI Adj_Book
201404 7.972 100.023 10.315
201407 7.875 100.520 10.139
201410 7.904 100.176 10.211
201501 8.820 98.604 11.576
201504 8.837 99.824 11.457
201507 7.187 100.691 9.238
201510 7.074 100.346 9.124
201601 7.588 99.957 9.825
201604 7.705 100.947 9.878
201607 7.460 101.524 9.510
201610 7.456 101.988 9.461
201701 8.412 102.456 10.626
201704 8.373 103.167 10.504
201707 8.105 103.278 10.157
201710 7.989 104.070 9.935
201801 8.810 104.578 10.903
201804 8.756 105.708 10.720
201807 8.262 106.324 10.057
201810 8.049 106.695 9.763
201901 9.018 106.200 10.990
201904 8.423 107.818 10.111
201907 7.335 108.250 8.769
201910 5.798 108.577 6.911
202001 5.514 108.841 6.557
202004 4.984 108.173 5.963
202007 4.270 109.318 5.055
202010 5.150 109.861 6.067
202101 6.642 110.364 7.789
202104 6.677 112.673 7.669
202107 6.128 115.183 6.885
202110 5.825 116.696 6.460
202201 6.423 118.619 7.008
202204 5.123 121.978 5.436
202207 3.145 125.002 3.256
202210 2.592 125.734 2.668
202301 2.334 126.223 2.393
202304 1.411 127.992 1.427
202307 -0.090 128.974 -0.090
202310 -0.564 129.810 -0.562
202401 0.242 129.419 0.242

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


Kirkland's  (NAS:KIRK) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.85/7.61
=0.24

* 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 Kirkland's was 5.73. The lowest was 0.09. And the median was 1.83.


Be Aware

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


Kirkland's Cyclically Adjusted Book per Share Related Terms

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


Kirkland's (Kirkland's) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5310 Maryland Way, Brentwood, TN, USA, 37027
Kirkland's Inc is a specialty retailer of home decor and gifts in the United States. Its stores provide various merchandise, including holiday decor, framed arts, furniture, ornamental wall decor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items. Its stores also offer an assortment of holiday merchandise in seasonal periods, as well as items that are suitable for gift-giving.
Executives
W Michael Madden director, officer: President and CEO C/O KIRKLAND'S INC, 431 SMITH LANE, JACKSON TN 38301
Amy Ervin Sullivan officer: SVP, CMO 5310 MARYLAND WAY, BRENTWOOD TN 37027
Ann E Joyce director C/O AEROPOSTALE INC, 1372 BRAODWAY 8TH FLOOR, NEW YORK NY 10018
Osmium Partners, Llc 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Diamond, Lp 10 percent owner C/O OSMIUM PARTNERS, LLC, 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Capital Lp 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Osmium Spartan L P 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
John Hartnett Lewis 10 percent owner 388 MARKET STREET, SUITE 920, SAN FRANCISCO CA 94111
Osmium Capital Ii, Lp 10 percent owner 300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Jill A. Soltau director 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Nicole Allyson Strain officer: Interim CFO 5310 MARYLAND WAY, BRENTWOOD TN 37027
Charles Iii Pleas director 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Michael A. Holland officer: Sr. VP and CTO 5310 MARYLAND WAY, BRENTWOOD TN 37027
Miles Kirkland director C/O KIRKLAND'S, INC., 2501 MCGAVOCK PIKE, SUITE 1000, NASHVILLE TN 37214
Orr Wilson R Iii director C/O KIRKLAND'S, INC., 2501 MCGAVOCK PIKE, SUITE 1000, NASHVILLE TN 37214