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Baidu (BIDU) Cyclically Adjusted Book per Share : $73.21 (As of Dec. 2024)


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What is Baidu 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.

Baidu's adjusted book value per share for the three months ended in Dec. 2024 was $104.815. 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 $73.21 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Baidu's average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 28.20% 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 Baidu was 46.70% per year. The lowest was 14.40% per year. And the median was 30.80% per year.

As of today (2025-05-18), Baidu's current stock price is $89.34. Baidu's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $73.21. Baidu's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Baidu was 31.19. The lowest was 1.06. And the median was 3.92.


Baidu Cyclically Adjusted Book per Share Historical Data

The historical data trend for Baidu'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.

Baidu Cyclically Adjusted Book per Share Chart

Baidu Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.96 48.94 57.91 65.43 73.21

Baidu Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 65.43 67.60 69.23 71.83 73.21

Competitive Comparison of Baidu's Cyclically Adjusted Book per Share

For the Internet Content & Information subindustry, Baidu'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.


Baidu's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Baidu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Baidu 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, Baidu's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=104.815/114.8925*114.8925
=104.815

Current CPI (Dec. 2024) = 114.8925.

Baidu Quarterly Data

Book Value per Share CPI Adj_Book
201503 24.900 99.900 28.637
201506 27.575 99.500 31.841
201509 25.499 100.500 29.151
201512 35.960 100.600 41.069
201603 36.549 102.200 41.088
201606 37.193 101.400 42.142
201609 38.142 102.400 42.795
201612 38.399 102.600 43.000
201703 39.356 103.200 43.815
201706 41.801 103.100 46.582
201709 47.791 104.100 52.746
201712 50.249 104.500 55.246
201803 56.514 105.300 61.662
201806 65.863 104.900 72.137
201809 66.832 106.600 72.031
201812 67.738 106.500 73.076
201903 69.736 107.700 74.393
201906 68.935 107.700 73.539
201909 64.140 109.800 67.115
201912 67.448 111.200 69.688
202003 67.382 112.300 68.938
202006 68.109 110.400 70.881
202009 75.892 111.700 78.061
202012 83.425 111.500 85.963
202103 101.573 112.662 103.584
202106 102.361 111.769 105.221
202109 94.064 112.215 96.308
202112 96.080 113.108 97.596
202203 96.776 114.335 97.248
202206 93.845 114.558 94.119
202209 88.529 115.339 88.187
202212 91.698 115.116 91.520
202303 95.513 115.116 95.328
202306 94.122 114.558 94.397
202309 94.735 115.339 94.369
202312 97.306 114.781 97.401
202403 98.212 115.227 97.927
202406 99.364 114.781 99.461
202409 106.223 115.785 105.404
202412 104.815 114.893 104.815

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


Baidu  (NAS:BIDU) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=89.34/73.21
=1.22

* 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 Baidu was 31.19. The lowest was 1.06. And the median was 3.92.


Be Aware

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


Baidu Cyclically Adjusted Book per Share Related Terms

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


Baidu Business Description

Industry
Address
No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, CHN, 100085
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.