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Dollar General (BSP:DGCO34) Cyclically Adjusted Book per Share : R$5.75 (As of Jan. 2024)


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What is Dollar General 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.

Dollar General's adjusted book value per share for the three months ended in Jan. 2024 was R$6.296. 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 R$5.75 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Dollar General's average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.40% 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 Dollar General was 17.90% per year. The lowest was 7.00% per year. And the median was 12.85% per year.

As of today (2024-05-01), Dollar General's current stock price is R$30.21. Dollar General's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was R$5.75. Dollar General's Cyclically Adjusted PB Ratio of today is 5.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dollar General was 10.86. The lowest was 3.80. And the median was 6.25.


Dollar General Cyclically Adjusted Book per Share Historical Data

The historical data trend for Dollar General'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.

Dollar General Cyclically Adjusted Book per Share Chart

Dollar General 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 3.52 4.92 5.28 5.49 5.75

Dollar General 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 5.49 5.53 5.38 5.86 5.75

Competitive Comparison of Dollar General's Cyclically Adjusted Book per Share

For the Discount Stores subindustry, Dollar General'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.


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

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

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



Dollar General 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, Dollar General'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)
=6.296/129.4194*129.4194
=6.296

Current CPI (Jan. 2024) = 129.4194.

Dollar General Quarterly Data

Book Value per Share CPI Adj_Book
201404 1.482 100.023 1.918
201407 1.557 100.520 2.005
201410 1.797 100.176 2.322
201501 2.066 98.604 2.712
201504 2.298 99.824 2.979
201507 2.474 100.691 3.180
201510 2.966 100.346 3.825
201601 3.170 99.957 4.104
201604 2.819 100.947 3.614
201607 2.624 101.524 3.345
201610 2.576 101.988 3.269
201701 2.611 102.456 3.298
201704 2.637 103.167 3.308
201707 2.774 103.278 3.476
201710 2.813 104.070 3.498
201801 3.050 104.578 3.775
201804 3.311 105.708 4.054
201807 3.826 106.324 4.657
201810 3.789 106.695 4.596
201901 3.849 106.200 4.691
201904 4.132 107.818 4.960
201907 4.133 108.250 4.941
201910 4.442 108.577 5.295
202001 4.602 108.841 5.472
202004 6.345 108.173 7.591
202007 6.490 109.318 7.683
202010 6.683 109.861 7.873
202101 6.187 110.364 7.255
202104 6.139 112.673 7.051
202107 5.657 115.183 6.356
202110 6.168 116.696 6.841
202201 6.273 118.619 6.844
202204 5.203 121.978 5.520
202207 6.137 125.002 6.354
202210 5.965 125.734 6.140
202301 5.472 126.223 5.611
202304 5.662 127.992 5.725
202307 5.740 128.974 5.760
202310 6.192 129.810 6.173
202401 6.296 129.419 6.296

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


Dollar General  (BSP:DGCO34) 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.

Dollar General's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.21/5.75
=5.25

* 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 Dollar General was 10.86. The lowest was 3.80. And the median was 6.25.


Be Aware

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


Dollar General Cyclically Adjusted Book per Share Related Terms

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


Dollar General (BSP:DGCO34) Business Description

Traded in Other Exchanges
Address
100 Mission Ridge, Goodlettsville, TN, USA, 37072
With over 19,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or lower.

Dollar General (BSP:DGCO34) Headlines

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