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Gap (BSP:GPSI34) Cyclically Adjusted Book per Share : R$47.80 (As of Apr. 2025)


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What is Gap 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.

Gap's adjusted book value per share for the three months ended in Apr. 2025 was R$51.062. 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$47.80 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Gap's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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 Gap was 18.40% per year. The lowest was 0.10% per year. And the median was 7.30% per year.

As of today (2025-06-01), Gap's current stock price is R$129.19. Gap's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was R$47.80. Gap's Cyclically Adjusted PB Ratio of today is 2.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gap was 5.55. The lowest was 0.73. And the median was 2.79.


Gap Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gap'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.

Gap Cyclically Adjusted Book per Share Chart

Gap Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.15 43.34 43.13 43.67 52.08

Gap Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 45.91 49.25 54.16 52.08 47.80

Competitive Comparison of Gap's Cyclically Adjusted Book per Share

For the Apparel Retail subindustry, Gap'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.


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

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

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


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Gap 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, Gap's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=51.062/135.3468*135.3468
=51.062

Current CPI (Apr. 2025) = 135.3468.

Gap Quarterly Data

Book Value per Share CPI Adj_Book
201507 21.034 100.691 28.274
201510 25.026 100.346 33.755
201601 25.999 99.957 35.204
201604 22.580 100.947 30.275
201607 21.077 101.524 28.099
201610 21.763 101.988 28.881
201701 23.218 102.456 30.671
201704 22.686 103.167 29.762
201707 24.036 103.278 31.499
201710 24.816 104.070 32.274
201801 25.956 104.578 33.593
201804 28.161 105.708 36.057
201807 33.158 106.324 42.209
201810 33.870 106.695 42.965
201901 35.113 106.200 44.750
201904 36.819 107.818 46.220
201907 36.428 108.250 45.547
201910 39.774 108.577 49.580
202001 37.103 108.841 46.139
202004 33.029 108.173 41.326
202007 31.736 109.318 39.293
202010 35.662 109.861 43.935
202101 37.514 110.364 46.006
202104 41.447 112.673 49.788
202107 41.454 115.183 48.711
202110 41.295 116.696 47.895
202201 40.573 118.619 46.295
202204 31.589 121.978 35.051
202207 33.994 125.002 36.807
202210 36.995 125.734 39.823
202301 31.678 126.223 33.968
202304 29.815 127.992 31.528
202307 29.440 128.974 30.895
202310 33.524 129.810 34.954
202401 34.308 130.124 35.685
202404 37.032 132.289 37.888
202407 42.773 132.708 43.624
202410 46.799 133.182 47.560
202501 52.459 134.029 52.975
202504 51.062 135.347 51.062

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


Gap  (BSP:GPSI34) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=129.19/47.80
=2.70

* 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 Gap was 5.55. The lowest was 0.73. And the median was 2.79.


Be Aware

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


Gap Cyclically Adjusted Book per Share Related Terms

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


Gap Business Description

Industry
Traded in Other Exchanges
Address
Two Folsom Street, San Francisco, CA, USA, 94105
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,500 stores in North America, Europe, and Asia and franchises about 1,000 more in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

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