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EXPD (Expeditors International of Washington) Cyclically Adjusted Book per Share : $17.00 (As of Mar. 2025)


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What is Expeditors International of Washington 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.

Expeditors International of Washington's adjusted book value per share for the three months ended in Mar. 2025 was $16.717. 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 $17.00 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Expeditors International of Washington's average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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 Expeditors International of Washington was 22.20% per year. The lowest was 6.00% per year. And the median was 13.90% per year.

As of today (2025-05-14), Expeditors International of Washington's current stock price is $114.27. Expeditors International of Washington's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $17.00. Expeditors International of Washington's Cyclically Adjusted PB Ratio of today is 6.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Expeditors International of Washington was 10.53. The lowest was 4.99. And the median was 7.03.


Expeditors International of Washington Cyclically Adjusted Book per Share Historical Data

The historical data trend for Expeditors International of Washington'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.

Expeditors International of Washington Cyclically Adjusted Book per Share Chart

Expeditors International of Washington 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 11.58 13.23 14.99 15.94 16.70

Expeditors International of Washington Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 16.29 16.45 16.61 16.70 17.00

Competitive Comparison of Expeditors International of Washington's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, Expeditors International of Washington'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.


Expeditors International of Washington's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Expeditors International of Washington's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Expeditors International of Washington's Cyclically Adjusted PB Ratio falls into.


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Expeditors International of Washington 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, Expeditors International of Washington's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=16.717/134.9266*134.9266
=16.717

Current CPI (Mar. 2025) = 134.9266.

Expeditors International of Washington Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.976 100.684 13.369
201509 9.878 100.392 13.276
201512 9.293 99.792 12.565
201603 9.800 100.470 13.161
201606 9.820 101.688 13.030
201609 10.262 101.861 13.593
201612 10.256 101.863 13.585
201703 10.832 102.862 14.209
201706 10.999 103.349 14.360
201709 11.140 104.136 14.434
201712 11.293 104.011 14.650
201803 11.356 105.290 14.553
201806 10.887 106.317 13.817
201809 11.334 106.507 14.358
201812 11.580 105.998 14.740
201903 12.376 107.251 15.570
201906 12.062 108.070 15.060
201909 12.966 108.329 16.149
201912 12.941 108.420 16.105
202003 12.244 108.902 15.170
202006 12.943 108.767 16.056
202009 14.785 109.815 18.166
202012 15.710 109.897 19.288
202103 17.030 111.754 20.561
202106 18.203 114.631 21.426
202109 20.174 115.734 23.519
202112 20.898 117.630 23.971
202203 22.949 121.301 25.527
202206 21.636 125.017 23.351
202209 21.883 125.227 23.578
202212 20.154 125.222 21.716
202303 20.609 127.348 21.835
202306 17.361 128.729 18.197
202309 17.125 129.860 17.793
202312 16.615 129.419 17.322
202403 15.558 131.776 15.930
202406 15.476 132.554 15.753
202409 16.837 133.029 17.077
202412 16.108 133.157 16.322
202503 16.717 134.927 16.717

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


Expeditors International of Washington  (NYSE:EXPD) 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.

Expeditors International of Washington's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=114.27/17.00
=6.72

* 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 Expeditors International of Washington was 10.53. The lowest was 4.99. And the median was 7.03.


Be Aware

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


Expeditors International of Washington Cyclically Adjusted Book per Share Related Terms

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


Expeditors International of Washington Business Description

Traded in Other Exchanges
Address
3545 Factoria Boulevard SE, Sterling Plaza 2, 3rd Floor, Bellevue, WA, USA, 98006
Based in the US, Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. Expeditors derives around 35% of consolidated gross revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
Executives
Jeffrey F Dickerman officer: Senior VP - General Counsel 1015 THIRD AVENUE, SEATTLE WA 98104
Robert Paul Carlile director 1226 ALKI AVE SW, 5200, SEATTLE WA 98116
James M. Dubois director 1015 THIRD AVENUE, SEATTLE WA 981041190
Mark A Emmert director C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Blake R Bell officer: President, Global Products 1015 THIRD AVENUE, SEATTLE WA 98104
Jeffrey S Musser officer: Senior VP and CIO C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190
Benjamin G. Clark officer: Senior VP - General Counsel 1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98110
Bradley S Powell officer: Chief Financial Officer C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Eugene K Alger officer: Executive VP-North America 1015 THIRD AVENUE, SEATTLE WA 981041190
Brandon Pedersen director EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 98104
Robert R Wright director C/O EXPEDITORS, 1015 THIRD AVE, SEATTLE WA 981041190
Olivia D Polius director C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Christopher J. Mcclincy officer: Senior VP - CIO 1015 THIRD AVENUE, 12TH FLOOR, SEATTLE WA 98104-1190
Glenn M Alger director 1015 THIRD AVENUE, SEATTLE WA 981041190
Daniel R Wall officer: SVP - Ocean Services C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 981041190