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JWN (Nordstrom) Cyclically Adjusted PB Ratio : 3.85 (As of Jan. 18, 2025)


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What is Nordstrom Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Nordstrom's current share price is $24.10. Nordstrom's Cyclically Adjusted Book per Share for the quarter that ended in Oct. 2024 was $6.26. Nordstrom's Cyclically Adjusted PB Ratio for today is 3.85.

The historical rank and industry rank for Nordstrom's Cyclically Adjusted PB Ratio or its related term are showing as below:

JWN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 4.23   Max: 9.32
Current: 3.85

During the past years, Nordstrom's highest Cyclically Adjusted PB Ratio was 9.32. The lowest was 1.40. And the median was 4.23.

JWN's Cyclically Adjusted PB Ratio is ranked worse than
81.74% of 745 companies
in the Retail - Cyclical industry
Industry Median: 1.19 vs JWN: 3.85

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 adjusted book value per share data for the three months ended in Oct. 2024 was $5.985. 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 $6.26 for the trailing ten years ended in Oct. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nordstrom Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nordstrom'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.

* Premium members only.

Nordstrom Cyclically Adjusted PB Ratio Chart

Nordstrom Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 4.35 2.87 2.61 2.67

Nordstrom Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Cyclically Adjusted PB Ratio 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 1.99 2.67 2.84 3.52 3.61

Competitive Comparison of Nordstrom's Cyclically Adjusted PB Ratio

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 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.

Nordstrom's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.10/6.26
=3.85

* 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.

Nordstrom's Cyclically Adjusted Book per Share for the quarter that ended in Oct. 2024 is calculated as:

For example, Nordstrom's adjusted Book Value per Share data for the three months ended in Oct. 2024 was:

Adj_Book=Book Value per Share/CPI of Oct. 2024 (Change)*Current CPI (Oct. 2024)
=5.985/133.1820*133.1820
=5.985

Current CPI (Oct. 2024) = 133.1820.

Nordstrom Quarterly Data

Book Value per Share CPI Adj_Book
201501 12.835 98.604 17.336
201504 13.377 99.824 17.847
201507 13.236 100.691 17.507
201510 7.594 100.346 10.079
201601 5.020 99.957 6.689
201604 5.046 100.947 6.657
201607 5.407 101.524 7.093
201610 4.965 101.988 6.484
201701 5.118 102.456 6.653
201704 4.078 103.167 5.264
201707 4.723 103.278 6.091
201710 5.126 104.070 6.560
201801 5.850 104.578 7.450
201804 6.377 105.708 8.034
201807 6.806 106.324 8.525
201810 7.123 106.695 8.891
201901 5.539 106.200 6.946
201904 4.211 107.818 5.202
201907 4.900 108.250 6.029
201910 5.482 108.577 6.724
202001 6.292 108.841 7.699
202004 2.529 108.173 3.114
202007 1.108 109.318 1.350
202010 1.598 109.861 1.937
202101 1.933 110.364 2.333
202104 1.045 112.673 1.235
202107 1.687 115.183 1.951
202110 2.254 116.696 2.572
202201 3.645 118.619 4.092
202204 3.670 121.978 4.007
202207 4.149 125.002 4.421
202210 3.795 125.734 4.020
202301 4.616 126.223 4.870
202304 3.414 127.992 3.552
202307 4.168 128.974 4.304
202310 4.492 129.810 4.609
202401 5.222 130.124 5.345
202404 5.110 132.289 5.144
202407 5.773 132.708 5.794
202410 5.985 133.182 5.985

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.


Nordstrom  (NYSE:JWN) 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.


Nordstrom Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Nordstrom's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nordstrom Business Description

Address
1617 Sixth Avenue, Seattle, WA, USA, 98101
Nordstrom is a fashion retailer that operates about 93 department stores and 280 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and six Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 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.
Executives
Alexis Depree officer: Chief Supply Chain Officer C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Gemma Lionello officer: Executive Vice President C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Guy Persaud director C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Fanya Chandler officer: President, Nordstrom Stores C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Teri Bariquit officer: Executive Vice President C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Cathy R Smith officer: Chief Financial Officer TARGET CORPORATION, 1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403
Jason Morris officer: CTIO C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATLE WA 98101
Eric D Sprunk director ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Ken Worzel officer: Executive Vice President C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Atticus Nathaniel Tysen director C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Anne L Bramman officer: Chief Financial Officer 207 GOODE AVENUE, GLENDALE CA 91203
Amie Thuener O'toole director C/O ALPHABET INC., 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Peter E Nordstrom officer: Executive Vice President C/O NORDSTROM INC, 1617 SIXTH AVE, SEATTLE WA 98101
Bradley D Tilden director NORDSTROM, INC. ATTN: CORP. SEC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Farrell B. Redwine officer: Chief Human Resources Officer C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101