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Baidu (MEX:BIDUN) Cyclically Adjusted Book per Share : MXN1,546.01 (As of Mar. 2025)


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What is Baidu 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.

Baidu's adjusted book value per share for the three months ended in Mar. 2025 was MXN2,214.414. 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 MXN1,546.01 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Baidu's average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 28.20% 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 Baidu was 46.70% per year. The lowest was 14.40% per year. And the median was 30.80% per year.

As of today (2025-05-31), Baidu's current stock price is MXN1580.12. Baidu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN1,546.01. Baidu's Cyclically Adjusted PB Ratio of today is 1.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Baidu was 31.19. The lowest was 1.06. And the median was 3.88.


Baidu Cyclically Adjusted Book per Share Historical Data

The historical data trend for Baidu'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.

Baidu Cyclically Adjusted Book per Share Chart

Baidu 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 792.03 1,021.95 1,130.05 1,110.55 1,501.02

Baidu 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 1,104.41 1,271.24 1,412.24 1,501.02 1,546.01

Competitive Comparison of Baidu's Cyclically Adjusted Book per Share

For the Internet Content & Information subindustry, Baidu'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.


Baidu's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Baidu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Baidu 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, Baidu'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)
=2214.414/115.1156*115.1156
=2,214.414

Current CPI (Mar. 2025) = 115.1156.

Baidu Quarterly Data

Book Value per Share CPI Adj_Book
201506 432.656 99.500 500.557
201509 430.886 100.500 493.549
201512 618.331 100.600 707.550
201603 629.156 102.200 708.666
201606 687.824 101.400 780.861
201609 737.490 102.400 829.068
201612 791.674 102.600 888.246
201703 741.038 103.200 826.599
201706 755.588 103.100 843.647
201709 867.307 104.100 959.083
201712 986.860 104.500 1,087.110
201803 1,026.723 105.300 1,122.430
201806 1,294.180 104.900 1,420.213
201809 1,250.095 106.600 1,349.957
201812 1,330.033 106.500 1,437.630
201903 1,352.736 107.700 1,445.878
201906 1,324.167 107.700 1,415.341
201909 1,266.260 109.800 1,327.562
201912 1,272.078 111.200 1,316.871
202003 1,579.972 112.300 1,619.585
202006 1,572.108 110.400 1,639.259
202009 1,676.521 111.700 1,727.786
202012 1,659.483 111.500 1,713.295
202103 2,076.247 112.662 2,121.474
202106 2,037.591 111.769 2,098.597
202109 1,934.143 112.215 1,984.131
202112 1,970.988 113.108 2,005.977
202203 1,926.907 114.335 1,940.068
202206 1,887.969 114.558 1,897.162
202209 1,780.770 115.339 1,777.325
202212 1,787.737 115.116 1,787.737
202303 1,721.626 115.116 1,721.626
202306 1,613.610 114.558 1,621.467
202309 1,650.179 115.339 1,646.987
202312 1,651.700 114.781 1,656.516
202403 1,629.952 115.227 1,628.375
202406 1,820.354 114.781 1,825.662
202409 2,091.557 115.785 2,079.468
202412 2,185.992 114.893 2,190.237
202503 2,214.414 115.116 2,214.414

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


Baidu  (MEX:BIDUN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1580.12/1546.01
=1.02

* 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 Baidu was 31.19. The lowest was 1.06. And the median was 3.88.


Be Aware

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


Baidu Cyclically Adjusted Book per Share Related Terms

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


Baidu Business Description

Address
No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, CHN, 100085
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

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