GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Woolworths Holdings Ltd (JSE:WHL) » Definitions » Cyclically Adjusted Book per Share

Woolworths Holdings (JSE:WHL) Cyclically Adjusted Book per Share : R17.26 (As of Dec. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Woolworths Holdings 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.

Woolworths Holdings's adjusted book value per share data for the fiscal year that ended in Jun. 2024 was R12.012. 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 R17.26 for the trailing ten years ended in Jun. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.40% 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 Woolworths Holdings was 23.10% per year. The lowest was 5.30% per year. And the median was 12.20% per year.

As of today (2025-07-09), Woolworths Holdings's current stock price is R 50.76. Woolworths Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun. 2024 was R17.26. Woolworths Holdings's Cyclically Adjusted PB Ratio of today is 2.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Woolworths Holdings was 14.49. The lowest was 2.06. And the median was 4.14.


Woolworths Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Woolworths Holdings'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.

Woolworths Holdings Cyclically Adjusted Book per Share Chart

Woolworths Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.29 14.12 15.57 16.59 17.26

Woolworths Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - 16.59 - 17.26 -

Competitive Comparison of Woolworths Holdings's Cyclically Adjusted Book per Share

For the Department Stores subindustry, Woolworths Holdings'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.


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

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

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


;
;

Woolworths Holdings 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, Woolworths Holdings's adjusted Book Value per Share data for the fiscal year that ended in Jun. 2024 was:

Adj_Book=Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=12.012/156.2688*156.2688
=12.012

Current CPI (Jun. 2024) = 156.2688.

Woolworths Holdings Annual Data

Book Value per Share CPI Adj_Book
201506 15.332 100.173 23.918
201606 20.650 106.713 30.240
201706 19.796 112.054 27.607
201806 13.684 116.959 18.283
201906 9.926 122.191 12.694
202006 6.800 124.807 8.514
202106 9.757 131.113 11.629
202206 12.463 140.835 13.829
202306 13.258 148.802 13.923
202406 12.012 156.269 12.012

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


Woolworths Holdings  (JSE:WHL) 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.

Woolworths Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.76/17.26
=2.94

* 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 Woolworths Holdings was 14.49. The lowest was 2.06. And the median was 4.14.


Be Aware

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


Woolworths Holdings Cyclically Adjusted Book per Share Related Terms

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


Woolworths Holdings Business Description

Traded in Other Exchanges
Address
93 Longmarket Street, Woolworths House, Cape Town, WC, ZAF, 8001
Woolworths Holdings Ltd is a southern hemisphere retail Group. Its current operations are conducted through its two operating subsidiaries. The segments involve: Fashion, Beauty and Home; Food; Logistics; Woolworths Financial Services; Country Road Group; and Treasury. It derives maximum revenue from Food Segment. Geographically, It operates iun South Africa, Australia and New Zealand and Rest of Africa.

Woolworths Holdings Headlines

No Headlines