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Shake Shack (MEX:SHAK) Cyclically Adjusted Book per Share : MXN227.85 (As of Mar. 2025)


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What is Shake Shack 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.

Shake Shack's adjusted book value per share for the three months ended in Mar. 2025 was MXN240.744. 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 MXN227.85 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Shake Shack's average Cyclically Adjusted Book Growth Rate was 7.80% 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.

As of today (2025-05-29), Shake Shack's current stock price is MXN2452.00. Shake Shack's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN227.85. Shake Shack's Cyclically Adjusted PB Ratio of today is 10.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shake Shack was 13.66. The lowest was 5.18. And the median was 9.45.


Shake Shack Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shake Shack'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.

Shake Shack Cyclically Adjusted Book per Share Chart

Shake Shack 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 - - - 160.25 199.01

Shake Shack 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 160.85 180.04 187.53 199.01 227.85

Competitive Comparison of Shake Shack's Cyclically Adjusted Book per Share

For the Restaurants subindustry, Shake Shack'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.


Shake Shack's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Shake Shack's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Shake Shack 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, Shake Shack'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)
=240.744/134.9266*134.9266
=240.744

Current CPI (Mar. 2025) = 134.9266.

Shake Shack Quarterly Data

Book Value per Share CPI Adj_Book
201506 146.367 100.684 196.147
201509 145.919 100.392 196.116
201512 87.426 99.792 118.206
201603 89.921 100.470 120.759
201606 101.779 101.688 135.047
201609 111.990 101.861 148.344
201612 124.753 101.863 165.247
201703 117.998 102.862 154.781
201706 117.757 103.349 153.737
201709 122.660 104.136 158.928
201712 125.485 104.011 162.783
201803 119.773 105.290 153.487
201806 142.638 106.317 181.022
201809 142.756 106.507 180.849
201812 150.367 105.998 191.405
201903 154.436 107.251 194.288
201906 160.307 108.070 200.146
201909 170.490 108.329 212.349
201912 163.747 108.420 203.780
202003 204.044 108.902 252.806
202006 254.489 108.767 315.695
202009 241.046 109.815 296.167
202012 209.268 109.897 256.930
202103 216.382 111.754 261.249
202106 212.149 114.631 249.709
202109 219.002 115.734 255.319
202112 214.635 117.630 246.196
202203 203.291 121.301 226.126
202206 206.352 125.017 222.709
202209 206.627 125.227 222.632
202212 204.565 125.222 220.419
202303 180.876 127.348 191.640
202306 176.559 128.729 185.060
202309 183.764 129.860 190.934
202312 190.674 129.419 198.788
202403 186.914 131.776 191.383
202406 211.955 132.554 215.749
202409 224.368 133.029 227.569
202412 244.648 133.157 247.899
202503 240.744 134.927 240.744

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


Shake Shack  (MEX:SHAK) 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.

Shake Shack's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2452.00/227.85
=10.76

* 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 Shake Shack was 13.66. The lowest was 5.18. And the median was 9.45.


Be Aware

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


Shake Shack Cyclically Adjusted Book per Share Related Terms

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


Shake Shack Business Description

Industry
Traded in Other Exchanges
Address
225 Varick Street, Suite 301, New York, NY, USA, 10014
Shake Shack Inc is a roadside burger stand. It serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order, and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.