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Magazine Luiza (BSP:MGLU3) Cyclically Adjusted Book per Share : R$0.78 (As of Dec. 2023)


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What is Magazine Luiza 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.

Magazine Luiza's adjusted book value per share for the three months ended in Dec. 2023 was R$1.343. 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$0.78 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Magazine Luiza's average Cyclically Adjusted Book Growth Rate was 21.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 34.60% 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 Magazine Luiza was 42.80% per year. The lowest was 34.60% per year. And the median was 38.70% per year.

As of today (2024-04-30), Magazine Luiza's current stock price is R$1.45. Magazine Luiza's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$0.78. Magazine Luiza's Cyclically Adjusted PB Ratio of today is 1.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Magazine Luiza was 88.15. The lowest was 1.82. And the median was 16.43.


Magazine Luiza Cyclically Adjusted Book per Share Historical Data

The historical data trend for Magazine Luiza'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.

Magazine Luiza Cyclically Adjusted Book per Share Chart

Magazine Luiza Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.32 0.47 0.64 0.78

Magazine Luiza Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.64 0.68 0.72 0.75 0.78

Competitive Comparison of Magazine Luiza's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, Magazine Luiza'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.


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

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

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



Magazine Luiza 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, Magazine Luiza's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.343/156.2729*156.2729
=1.343

Current CPI (Dec. 2023) = 156.2729.

Magazine Luiza Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.111 90.447 0.192
201406 0.113 91.838 0.192
201409 0.121 92.602 0.204
201412 0.123 94.194 0.204
201503 0.124 97.799 0.198
201506 0.122 100.006 0.191
201509 0.119 101.392 0.183
201512 0.111 104.247 0.166
201603 0.112 106.979 0.164
201606 0.114 108.851 0.164
201609 0.118 109.986 0.168
201612 0.107 110.802 0.151
201703 0.132 111.869 0.184
201706 0.128 112.115 0.178
201709 0.133 112.777 0.184
201712 0.320 114.068 0.438
201803 0.317 114.868 0.431
201806 0.339 117.038 0.453
201809 0.357 117.881 0.473
201812 0.356 118.340 0.470
201903 0.376 120.124 0.489
201906 0.477 120.977 0.616
201909 0.491 121.292 0.633
201912 1.092 123.436 1.382
202003 1.087 124.092 1.369
202006 1.074 123.557 1.358
202009 1.065 125.095 1.330
202012 1.060 129.012 1.284
202103 1.055 131.660 1.252
202106 1.053 133.871 1.229
202109 1.540 137.913 1.745
202112 1.580 141.992 1.739
202203 1.560 146.537 1.664
202206 1.533 149.784 1.599
202209 1.514 147.800 1.601
202212 1.492 150.207 1.552
202303 1.441 153.352 1.468
202306 1.400 154.519 1.416
202309 1.332 155.464 1.339
202312 1.343 156.273 1.343

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


Magazine Luiza  (BSP:MGLU3) 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.

Magazine Luiza's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.45/0.78
=1.86

* 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 Magazine Luiza was 88.15. The lowest was 1.82. And the median was 16.43.


Be Aware

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


Magazine Luiza Cyclically Adjusted Book per Share Related Terms

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


Magazine Luiza (BSP:MGLU3) Business Description

Traded in Other Exchanges
Address
Rua Arnulfo de Lima, 2385 - Vila Santa Cruz, Franca, SP, BRA, 14403-471
Magazine Luiza SA is a retailing company in Brazil. Its core products are home appliances, personal electronics, and furniture, which are supplied through physical and virtual stores. Its operations include four segments, Retail segment, Financial operations, Insurance operations and Other services. The company derives maximum revenue from Retail segment.

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