Safeway (FRA:SWY) Cyclically Adjusted Book per Share : €0.00 (As of Sep. 2014)

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What is Safeway 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.

Safeway's adjusted book value per share for the three months ended in Sep. 2014 was €18.644. 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 €0.00 for the trailing ten years ended in Sep. 2014.

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.

As of today (2024-05-23), Safeway's current stock price is €31.02. Safeway's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2014 was €0.00. Safeway's Cyclically Adjusted PB Ratio of today is .

Safeway Cyclically Adjusted Book per Share Historical Data

The historical data trend for Safeway'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.

Safeway Cyclically Adjusted Book per Share Chart

Safeway Annual Data

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Cyclically Adjusted Book per Share

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Safeway Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Cyclically Adjusted Book per Share	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Safeway's Cyclically Adjusted Book per Share

For the Grocery Stores subindustry, Safeway'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.

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

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

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

Safeway Cyclically Adjusted Book per Share Calculation

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, Safeway's adjusted Book Value per Share data for the three months ended in Sep. 2014 was:

Adj_Book	=	Book Value per Share	/	CPI of Sep. 2014 (Change)	*	Current CPI (Sep. 2014)
	=	18.644	/	100.4278	*	100.4278
	=	18.644

Current CPI (Sep. 2014) = 100.4278.

Safeway Quarterly Data

	Book Value per Share	CPI	Adj_Book
200412	7.154	80.290	8.948
200503	7.488	81.555	9.221
200506	8.342	82.062	10.209
200509	8.575	83.876	10.267
200512	9.233	83.032	11.167
200603	9.308	84.298	11.089
200606	9.577	85.606	11.235
200609	9.791	85.606	11.486
200612	9.657	85.142	11.391
200703	10.165	86.640	11.783
200706	10.381	87.906	11.860
200709	10.463	87.964	11.945
200712	10.358	88.616	11.739
200803	9.877	90.090	11.010
200806	10.099	92.320	10.986
200809	10.998	92.307	11.966
200812	11.761	88.697	13.316
200903	12.106	89.744	13.547
200906	11.732	91.003	12.947
200909	11.591	91.120	12.775
200912	8.672	91.111	9.559
201003	9.476	91.821	10.364
201006	10.535	91.962	11.505
201009	9.868	92.162	10.753
201012	10.294	92.474	11.179
201103	9.480	94.283	10.098
201106	9.208	95.235	9.710
201109	9.677	95.727	10.152
201112	8.975	95.213	9.467
201203	7.669	96.783	7.958
201206	8.595	96.819	8.915
201209	9.099	97.633	9.359
201212	9.423	96.871	9.769
201303	9.676	98.209	9.895
201306	9.992	98.518	10.186
201309	9.905	98.790	10.069
201312	17.333	98.326	17.704
201403	18.094	99.695	18.227
201406	17.787	100.560	17.764
201409	18.644	100.428	18.644

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

Safeway (FRA:SWY) 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.

Be Aware

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

Safeway Cyclically Adjusted Book per Share Related Terms

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

Safeway (FRA:SWY) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Safeway Inc (FRA:SWY) » Definitions » Cyclically Adjusted Book per Share

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Website

http://www.safeway.com

Safeway Inc was incorporated in the state of Delaware in July 1986 as SSI Holdings Corporation and, thereafter, its name was changed to Safeway Stores, Incorporated. In February 1990, the Company changed its name to Safeway Inc. The Company is a food and drug retailers in the United States, with 1,335 stores at year-end 2013. The Company's U.S. retail operations are located principally in California, Hawaii, Oregon, Washington, Alaska, Colorado, Arizona, Texas and the Mid-Atlantic region. The Company also has a network of distribution, manufacturing and food-processing facilities. The Company retail business operates into seven geographic retail operating segments; Denver, Eastern, Northern California, Phoenix, Northwest, Texas and Southern California. In all geographical retail operating segments, it operates one store format, where each store offers the same general mix of products with similar pricing to similar categories of customers. The Company does not operate supercenters, warehouse formats, combination clothing/grocery stores or discount stores. It owns and operates GroceryWorks.com Operating Company, LLC ("GroceryWorks"), an online grocery channel doing business under the names Safeway.com and Vons.com. Safeway's stores provide grocery items tailored to local preferences. Its stores offer a selection of food and general merchandise and feature a variety of specialty departments such as bakery, delicatessen, floral and pharmacy. In addition, its stores offer Starbucks coffee shops and adjacent fuel centers. The Company also owns more than 300 other trademarks registered and/or pending in the United States Patent and Trademark Office and other jurisdictions, including trademarks for its product and services such as Safeway, Safeway SELECT, Rancher's Reserve, O Organics, Lucerne, Primo Taglio, Eating Right, mom to mom, waterfront BISTRO, Bright Green, Pantry Essentials, Open Nature, Refreshe, Snack Artist, Signature CafÃ©, Priority, just for U, My Simple Nutrition, Ingredients for Life, and other trademarks such as Pak'N Save Foods, Vons, Pavilions, Randalls, Tom Thumb, and Carrs Quality Centers. Blackhawk, a subsidiary of Safeway, provides third-party gift cards, prepaid cards, telecom cards and sports and entertainment cards to a group of top North American retailers for sale to retail customers. The competitive factors that affect the Company's business are location, quality, price, condition of assets, marketing and promotional strategies, service and consumer loyalty to other brands and stores. It faces intense competition from traditional grocery retailers, non-traditional competitors such as supercenters and club stores, as well as from specialty supermarkets, drug stores, dollar stores, convenience stores and restaurants. The Company's compliance with the federal, state, local and foreign laws and regulations have been adopted regulating the discharge of materials into the environment or otherwise related to the p

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