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Yellow Pages (TSX:Y) Cyclically Adjusted Book per Share : C$8.00 (As of Dec. 2024)


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What is Yellow Pages 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.

Yellow Pages's adjusted book value per share for the three months ended in Dec. 2024 was C$3.967. 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 C$8.00 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Yellow Pages's average Cyclically Adjusted Book Growth Rate was -21.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -8.40% 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 Yellow Pages was -1.10% per year. The lowest was -8.40% per year. And the median was -4.75% per year.

As of today (2025-03-29), Yellow Pages's current stock price is C$10.60. Yellow Pages's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was C$8.00. Yellow Pages's Cyclically Adjusted PB Ratio of today is 1.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Yellow Pages was 1.46. The lowest was 0.91. And the median was 1.17.


Yellow Pages Cyclically Adjusted Book per Share Historical Data

The historical data trend for Yellow Pages'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.

Yellow Pages Cyclically Adjusted Book per Share Chart

Yellow Pages 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 10.51 10.41 11.50 10.16 8.00

Yellow Pages Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 10.16 9.71 9.25 8.68 8.00

Competitive Comparison of Yellow Pages's Cyclically Adjusted Book per Share

For the Publishing subindustry, Yellow Pages'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.


Yellow Pages's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Yellow Pages's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Yellow Pages 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, Yellow Pages's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=3.967/127.3637*127.3637
=3.967

Current CPI (Dec. 2024) = 127.3637.

Yellow Pages Quarterly Data

Book Value per Share CPI Adj_Book
201503 25.165 99.789 32.119
201506 26.204 100.500 33.208
201509 26.827 100.421 34.024
201512 27.064 99.947 34.488
201603 26.634 101.054 33.568
201606 25.678 102.002 32.063
201609 25.527 101.765 31.948
201612 13.997 101.449 17.573
201703 13.481 102.634 16.729
201706 13.031 103.029 16.109
201709 13.148 103.345 16.204
201712 -7.119 103.345 -8.774
201803 -7.327 105.004 -8.887
201806 -6.493 105.557 -7.834
201809 -5.190 105.636 -6.258
201812 -4.244 105.399 -5.128
201903 -3.778 106.979 -4.498
201906 -3.381 107.690 -3.999
201909 -2.767 107.611 -3.275
201912 -0.593 107.769 -0.701
202003 0.833 107.927 0.983
202006 0.892 108.401 1.048
202009 0.648 108.164 0.763
202012 1.053 108.559 1.235
202103 2.066 110.298 2.386
202106 2.250 111.720 2.565
202109 2.968 112.905 3.348
202112 4.229 113.774 4.734
202203 4.773 117.646 5.167
202206 4.918 120.806 5.185
202209 5.473 120.648 5.778
202212 3.526 120.964 3.713
202303 4.100 122.702 4.256
202306 4.541 124.203 4.657
202309 5.207 125.230 5.296
202312 3.118 125.072 3.175
202403 3.978 126.258 4.013
202406 4.436 127.522 4.431
202409 4.521 127.285 4.524
202412 3.967 127.364 3.967

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


Yellow Pages  (TSX:Y) 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.

Yellow Pages's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.60/8.00
=1.33

* 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 Yellow Pages was 1.46. The lowest was 0.91. And the median was 1.17.


Be Aware

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


Yellow Pages Cyclically Adjusted Book per Share Related Terms

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


Yellow Pages Business Description

Traded in Other Exchanges
Address
1751 Richardson Street, Suite 8.300, Montreal, QC, CAN, H3K 1G6
Yellow Pages Ltd is a media and marketing solutions company in Canada. It offers local and national businesses access to digital and print media and marketing solutions to reach consumers in all the provinces and territories of Canada.
Executives
Goldentree Asset Management Lp 10% Security Holder
Sherilyn Ann King Senior Officer
Treena Cooper Director
Franco Sciannamblo Senior Officer
Dany Paradis Senior Officer

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