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Nordstrom (MEX:JWN) Cyclically Adjusted Book per Share : MXN112.97 (As of Apr. 2024)


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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 Apr. 2024 was MXN87.198. 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 MXN112.97 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Nordstrom's average Cyclically Adjusted Book Growth Rate was -9.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -5.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.10% 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 -5.90% per year. And the median was 5.10% per year.

As of today (2024-06-25), Nordstrom's current stock price is MXN389.90. Nordstrom's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was MXN112.97. Nordstrom's Cyclically Adjusted PB Ratio of today is 3.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nordstrom was 9.32. The lowest was 1.40. And the median was 4.81.


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 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 190.12 171.05 161.82 125.51 127.08

Nordstrom Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 134.43 116.48 123.85 127.08 112.97

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.



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 Apr. 2024 was:

Adj_Book= Book Value per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=87.198/132.2892*132.2892
=87.198

Current CPI (Apr. 2024) = 132.2892.

Nordstrom Quarterly Data

Book Value per Share CPI Adj_Book
201407 147.460 100.520 194.064
201410 161.279 100.176 212.981
201501 192.594 98.604 258.389
201504 205.811 99.824 272.747
201507 212.582 100.691 279.294
201510 125.535 100.346 165.496
201601 91.422 99.957 120.993
201604 86.743 100.947 113.675
201607 101.437 101.524 132.176
201610 93.299 101.988 121.019
201701 106.629 102.456 137.677
201704 77.219 103.167 99.016
201707 84.352 103.278 108.047
201710 98.056 104.070 124.645
201801 108.941 104.578 137.809
201804 119.699 105.708 149.798
201807 126.577 106.324 157.488
201810 144.267 106.695 178.874
201901 105.538 106.200 131.465
201904 79.983 107.818 98.136
201907 93.064 108.250 113.731
201910 105.113 108.577 128.069
202001 118.852 108.841 144.457
202004 60.635 108.173 74.153
202007 24.617 109.318 29.790
202010 33.998 109.861 40.939
202101 39.149 110.364 46.926
202104 21.070 112.673 24.738
202107 33.472 115.183 38.443
202110 46.314 116.696 52.503
202201 75.220 118.619 83.888
202204 74.713 121.978 81.029
202207 84.485 125.002 89.410
202210 75.316 125.734 79.242
202301 86.769 126.223 90.939
202304 61.407 127.992 63.469
202307 69.685 128.974 71.476
202310 81.088 129.810 82.637
202401 89.689 130.124 91.181
202404 87.198 132.289 87.198

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


Nordstrom  (MEX:JWN) 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
=389.90/112.97
=3.45

* 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 9.32. The lowest was 1.40. And the median was 4.81.


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 (MEX:JWN) Business Description

Industry
Address
1617 Sixth Avenue, Seattle, WA, USA, 98101
Nordstrom is a fashion retailer that operates about 93 department stores and approximately 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (28% of 2022 sales), shoes (26% of 2022 sales), men's apparel (15% of 2022 sales), and women's accessories (13% of 2022 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.