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Nordstrom (FRA:NRD) Cyclically Adjusted Book per Share : €5.83 (As of Jan. 2025)


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What is Nordstrom 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.

Nordstrom's adjusted book value per share for the three months ended in Jan. 2025 was €6.666. 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 €5.83 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Nordstrom's average Cyclically Adjusted Book Growth Rate was -11.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -8.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -6.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -3.40% 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 Nordstrom was 8.20% per year. The lowest was -8.30% per year. And the median was 5.00% per year.

As of today (2025-05-10), Nordstrom's current stock price is €21.595. Nordstrom's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was €5.83. Nordstrom's Cyclically Adjusted PB Ratio of today is 3.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nordstrom was 8.68. The lowest was 1.40. And the median was 4.09.


Nordstrom Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nordstrom'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.

Nordstrom Cyclically Adjusted Book per Share Chart

Nordstrom 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 6.99 6.76 6.41 6.40 5.83

Nordstrom Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 6.40 6.34 5.88 5.87 5.83

Competitive Comparison of Nordstrom's Cyclically Adjusted Book per Share

For the Department Stores subindustry, Nordstrom'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.


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

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

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


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

Adj_Book= Book Value per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=6.666/134.0288*134.0288
=6.666

Current CPI (Jan. 2025) = 134.0288.

Nordstrom Quarterly Data

Book Value per Share CPI Adj_Book
201504 12.360 99.824 16.595
201507 12.031 100.691 16.014
201510 6.767 100.346 9.038
201601 4.624 99.957 6.200
201604 4.446 100.947 5.903
201607 4.893 101.524 6.460
201610 4.509 101.988 5.926
201701 4.811 102.456 6.294
201704 3.805 103.167 4.943
201707 4.095 103.278 5.314
201710 4.362 104.070 5.618
201801 4.797 104.578 6.148
201804 5.197 105.708 6.589
201807 5.826 106.324 7.344
201810 6.197 106.695 7.785
201901 4.852 106.200 6.123
201904 3.748 107.818 4.659
201907 4.371 108.250 5.412
201910 4.956 108.577 6.118
202001 5.669 108.841 6.981
202004 2.326 108.173 2.882
202007 0.964 109.318 1.182
202010 1.358 109.861 1.657
202101 1.587 110.364 1.927
202104 0.873 112.673 1.038
202107 1.427 115.183 1.660
202110 1.943 116.696 2.232
202201 3.222 118.619 3.641
202204 3.398 121.978 3.734
202207 4.078 125.002 4.372
202210 3.852 125.734 4.106
202301 4.284 126.223 4.549
202304 3.113 127.992 3.260
202307 3.768 128.974 3.916
202310 4.254 129.810 4.392
202401 4.793 130.124 4.937
202404 4.763 132.289 4.826
202407 5.323 132.708 5.376
202410 5.495 133.182 5.530
202501 6.666 134.029 6.666

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


Nordstrom  (FRA:NRD) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.595/5.83
=3.70

* 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 Nordstrom was 8.68. The lowest was 1.40. And the median was 4.09.


Be Aware

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


Nordstrom Cyclically Adjusted Book per Share Related Terms

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


Nordstrom Business Description

Industry
Traded in Other Exchanges
Address
1617 Sixth Avenue, Seattle, WA, USA, 98101
Nordstrom is a fashion retailer that operates about 93 department stores and 280 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and six Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family. They have partnered with Mexican retailer El Puerto de Liverpool to acquire the company.

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