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Cabela′s (FRA:DBQA) Cyclically Adjusted PB Ratio : (As of Sep. 21, 2024)


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What is Cabela′s Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cabela′s Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cabela′s's Cyclically Adjusted PB Ratio 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.

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Cabela′s Cyclically Adjusted PB Ratio Chart

Cabela′s Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted PB Ratio
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Cabela′s Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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Competitive Comparison of Cabela′s's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Cabela′s'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.


Cabela′s's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cabela′s's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cabela′s Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Cabela′s's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2017 is calculated as:

For example, Cabela′s's adjusted Book Value per Share data for the three months ended in Jun. 2017 was:

Adj_Book=Book Value per Share/CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=26.803/103.3491*103.3491
=26.803

Current CPI (Jun. 2017) = 103.3491.

Cabela′s Quarterly Data

Book Value per Share CPI Adj_Book
200709 8.413 87.964 9.884
200712 8.639 88.616 10.075
200803 8.183 90.090 9.387
200806 8.247 92.320 9.232
200809 9.053 92.307 10.136
200812 10.103 88.697 11.772
200903 10.567 89.744 12.169
200906 9.959 91.003 11.310
200909 9.862 91.120 11.186
200912 10.036 91.111 11.384
201003 9.882 91.821 11.123
201006 11.192 91.962 12.578
201009 10.790 92.162 12.100
201012 11.364 92.474 12.700
201103 10.896 94.283 11.944
201106 10.867 95.235 11.793
201109 11.806 95.727 12.746
201112 13.042 95.213 14.156
201203 13.294 96.783 14.196
201206 14.258 96.819 15.220
201209 14.446 97.633 15.292
201212 14.967 96.871 15.968
201303 15.645 98.209 16.464
201306 15.803 98.518 16.578
201309 16.166 98.790 16.912
201312 16.602 98.326 17.450
201403 16.616 99.695 17.225
201406 17.451 100.560 17.935
201409 18.984 100.428 19.536
201412 20.733 99.070 21.629
201503 23.654 99.621 24.539
201506 23.005 100.684 23.614
201509 23.210 100.392 23.894
201512 24.753 99.792 25.635
201603 24.646 100.470 25.352
201606 25.025 101.688 25.434
201609 25.441 101.861 25.813
201612 27.838 101.863 28.244
201703 27.601 102.862 27.732
201706 26.803 103.349 26.803

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


Cabela′s  (FRA:DBQA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Cabela′s Cyclically Adjusted PB Ratio Related Terms

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Cabela′s Business Description

Traded in Other Exchanges
N/A
Address
Cabela's Inc was founded in 1961. The Company is a specialty retailer, and the direct marketer, of hunting, fishing, camping, and related outdoor merchandise. It also issues Cabela's CLUB Visa credit card, which serves as its customer loyalty rewards program. The Company operates in four segments Retail, Direct, Financial Services, and Corporate Overhead and Other. In retail segment the Company operated 77 retail stores, 68 stores in 36 states and nine stores in six Canadian provinces. During 2015, it opened 13 retail stores, 11 stores in the United States and two in Canada. It has two basic store formats. Its legacy stores refer to traditional retail stores that opened in August 2008 and earlier. It has 28 traditional, or legacy, retail stores, which offers a tourist-type experience. Its retail stores often attract the construction and development of hotels, restaurants, and other retail establishments adjacent to these stores. The Direct segment sells products through its e-commerce websites (Cabelas.com and Cabelas.ca) and direct mail catalogs. It markets its products through websites, mobile devices, and its print catalog distributions. The Financial Services segment provides customers with a rewards program that enhances revenue, operating profitability, and customer loyalty in its Retail and Direct businesses. Through its wholly-owned bank subsidiary, World's Foremost Bank, it issues and manages the Cabela's CLUB Visa credit card, a rewards based credit card program. The Company's product assortments includes merchandise and equipment for hunting, fishing, marine use, camping, and recreational sport shooting, along with casual and outdoor apparel and footwear, optics, vehicle accessories, and gifts and home furnishings with an outdoor theme. The Corporate Overhead and Other segment includes the value of unredeemed points earned that are associated with the Company's loyalty rewards programs for Cabela's CLUB issued credit cards, net of the estimated costs of the points; amounts received from outfitter services; real estate rental income; land sales; and fees earned from a travel business and other complementary business services. The Company competes with the outdoor recreation and casual apparel and footwear markets. It competes directly or indirectly with other broad-line merchants, large-format sporting goods stores and chains, mass merchandisers, warehouse clubs, discount and department stores, small specialty retailers, and catalog and Internet-based retailers.

Cabela′s Headlines

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