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Lowe's (LTS:0JVQ) Cyclically Adjusted Book per Share : $-3.39 (As of Apr. 2025)


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What is Lowe's 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.

Lowe's's adjusted book value per share for the three months ended in Apr. 2025 was $-23.680. 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 $-3.39 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Lowe's's average Cyclically Adjusted Book Growth Rate was -810.40% 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 Lowe's was 22.20% per year. The lowest was -46.30% per year. And the median was 12.45% per year.

As of today (2025-05-28), Lowe's's current stock price is $223.60. Lowe's's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was $-3.39. Lowe's's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lowe's was 497.65. The lowest was 5.24. And the median was 10.56.


Lowe's Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lowe's'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.

Lowe's Cyclically Adjusted Book per Share Chart

Lowe's 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 9.49 8.30 5.42 1.49 -2.45

Lowe's Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 0.48 -0.50 -1.46 -2.45 -3.39

Competitive Comparison of Lowe's's Cyclically Adjusted Book per Share

For the Home Improvement Retail subindustry, Lowe's'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.


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

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

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


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

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=-23.68/135.3468*135.3468
=-23.680

Current CPI (Apr. 2025) = 135.3468.

Lowe's Quarterly Data

Book Value per Share CPI Adj_Book
201507 9.361 100.691 12.583
201510 9.136 100.346 12.323
201601 8.411 99.957 11.389
201604 8.067 100.947 10.816
201607 7.847 101.524 10.461
201610 7.559 101.988 10.031
201701 7.070 102.456 9.340
201704 6.484 103.167 8.506
201707 6.614 103.278 8.668
201710 6.910 104.070 8.987
201801 7.076 104.578 9.158
201804 6.989 105.708 8.949
201807 7.128 106.324 9.074
201810 6.692 106.695 8.489
201901 4.549 106.200 5.797
201904 4.070 107.818 5.109
201907 3.402 108.250 4.254
201910 3.201 108.577 3.990
202001 2.585 108.841 3.215
202004 2.273 108.173 2.844
202007 5.762 109.318 7.134
202010 5.416 109.861 6.672
202101 1.966 110.364 2.411
202104 0.622 112.673 0.747
202107 -0.250 115.183 -0.294
202110 -2.297 116.696 -2.664
202201 -7.188 118.619 -8.202
202204 -10.548 121.978 -11.704
202207 -13.379 125.002 -14.486
202210 -21.061 125.734 -22.671
202301 -23.717 126.223 -25.431
202304 -24.848 127.992 -26.276
202307 -25.313 128.974 -26.564
202310 -26.343 129.810 -27.467
202401 -26.220 130.124 -27.272
202404 -25.526 132.289 -26.116
202407 -24.231 132.708 -24.713
202410 -23.750 133.182 -24.136
202501 -25.413 134.029 -25.663
202504 -23.680 135.347 -23.680

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


Lowe's  (LTS:0JVQ) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lowe's was 497.65. The lowest was 5.24. And the median was 10.56.


Be Aware

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


Lowe's Cyclically Adjusted Book per Share Related Terms

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


Lowe's Business Description

Address
1000 Lowes Boulevard, Mooresville, NC, USA, 28117
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 70% of sales) and do-it-for-me customers, but has expanded its commercial and professional business clients to 30% from less than 20% in the past six years. We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

Lowe's Headlines

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