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Walgreens Boots Alliance (XTER:W8A) Cyclically Adjusted Book per Share : €28.86 (As of Feb. 2024)


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What is Walgreens Boots Alliance 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.

Walgreens Boots Alliance's adjusted book value per share for the three months ended in Feb. 2024 was €14.490. 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 €28.86 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Walgreens Boots Alliance's average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.20% 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 Walgreens Boots Alliance was 18.00% per year. The lowest was 6.00% per year. And the median was 11.60% per year.

As of today (2024-05-21), Walgreens Boots Alliance's current stock price is €16.66. Walgreens Boots Alliance's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €28.86. Walgreens Boots Alliance's Cyclically Adjusted PB Ratio of today is 0.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Walgreens Boots Alliance was 5.68. The lowest was 0.55. And the median was 2.90.


Walgreens Boots Alliance Cyclically Adjusted Book per Share Historical Data

The historical data trend for Walgreens Boots Alliance'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.

Walgreens Boots Alliance Cyclically Adjusted Book per Share Chart

Walgreens Boots Alliance Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.39 21.39 22.43 31.04 29.27

Walgreens Boots Alliance Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 29.40 28.67 29.27 28.68 28.86

Competitive Comparison of Walgreens Boots Alliance's Cyclically Adjusted Book per Share

For the Pharmaceutical Retailers subindustry, Walgreens Boots Alliance'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.


Walgreens Boots Alliance's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Walgreens Boots Alliance's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Walgreens Boots Alliance 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, Walgreens Boots Alliance's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=14.49/130.9299*130.9299
=14.490

Current CPI (Feb. 2024) = 130.9299.

Walgreens Boots Alliance Quarterly Data

Book Value per Share CPI Adj_Book
201405 16.300 100.373 21.262
201408 16.209 100.352 21.148
201411 17.501 99.635 22.998
201502 24.843 99.032 32.845
201505 25.870 100.333 33.759
201508 25.427 100.548 33.110
201511 26.363 100.135 34.471
201602 24.651 100.040 32.263
201605 25.235 101.355 32.598
201608 24.611 101.617 31.710
201611 25.192 101.829 32.391
201702 26.125 102.779 33.281
201705 25.879 103.256 32.815
201708 22.722 103.587 28.720
201711 22.305 104.072 28.061
201802 22.344 105.052 27.848
201805 23.644 106.148 29.164
201808 23.654 106.383 29.112
201811 23.887 106.338 29.411
201902 23.871 106.649 29.306
201905 23.889 108.048 28.948
201908 23.607 108.245 28.554
201911 24.112 108.519 29.092
202002 24.706 109.139 29.639
202005 21.852 108.175 26.449
202008 20.146 109.662 24.053
202011 19.643 109.793 23.425
202102 20.199 110.968 23.832
202105 21.031 113.576 24.244
202108 23.003 115.421 26.094
202111 26.633 117.269 29.735
202202 27.235 119.703 29.789
202205 28.736 123.323 30.509
202208 28.852 124.958 30.231
202211 23.407 125.607 24.399
202302 22.941 126.928 23.664
202305 22.447 128.314 22.905
202308 21.257 129.538 21.485
202311 20.879 129.548 21.102
202402 14.490 130.930 14.490

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


Walgreens Boots Alliance  (XTER:W8A) 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.

Walgreens Boots Alliance's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.66/28.86
=0.58

* 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 Walgreens Boots Alliance was 5.68. The lowest was 0.55. And the median was 2.90.


Be Aware

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


Walgreens Boots Alliance Cyclically Adjusted Book per Share Related Terms

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


Walgreens Boots Alliance (XTER:W8A) Business Description

Address
108 Wilmot Road, Deerfield, IL, USA, 60015
Walgreens Boots Alliance is one of the largest retail pharmacy chains in the U.S., with over 8,500 locations. Nearly three quarters of Americans live within five miles of a Walgreens location. Roughly two thirds of revenue is generated from prescription drug sales; Walgreens makes up 20% of total prescription revenue in the U.S. Walgreens also generates sales from retail products (general wellness consumables and its own branded merchandise), European drug wholesale, and healthcare. With more locations incorporating additional services like Health Corner and Village Medical, Walgreens creates an omnichannel experience for patients and positions itself as a one-stop healthcare provider.

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