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MercadoLibre (MercadoLibre) Cyclically Adjusted PB Ratio : 61.87 (As of Jun. 16, 2024)


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What is MercadoLibre Cyclically Adjusted PB Ratio?

As of today (2024-06-16), MercadoLibre's current share price is $1582.14. MercadoLibre's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $25.57. MercadoLibre's Cyclically Adjusted PB Ratio for today is 61.87.

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

MELI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 19.49   Med: 52.63   Max: 138.58
Current: 61.87

During the past years, MercadoLibre's highest Cyclically Adjusted PB Ratio was 138.58. The lowest was 19.49. And the median was 52.63.

MELI's Cyclically Adjusted PB Ratio is ranked worse than
99.48% of 773 companies
in the Retail - Cyclical industry
Industry Median: 1.15 vs MELI: 61.87

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.

MercadoLibre's adjusted book value per share data for the three months ended in Mar. 2024 was $66.867. 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 $25.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MercadoLibre Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MercadoLibre'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.

MercadoLibre Cyclically Adjusted PB Ratio Chart

MercadoLibre Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.71 118.17 87.23 44.51 66.23

MercadoLibre Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 65.47 55.76 56.23 66.23 59.13

Competitive Comparison of MercadoLibre's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, MercadoLibre'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.


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

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

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



MercadoLibre 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1582.14/25.57
=61.87

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=66.867/131.7762*131.7762
=66.867

Current CPI (Mar. 2024) = 131.7762.

MercadoLibre Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.576 100.560 9.928
201409 7.720 100.428 10.130
201412 8.058 99.070 10.718
201503 7.499 99.621 9.919
201506 7.801 100.684 10.210
201509 8.231 100.392 10.804
201512 7.688 99.792 10.152
201603 7.996 100.470 10.487
201606 8.256 101.688 10.699
201609 8.945 101.861 11.572
201612 9.712 101.863 12.564
201703 10.921 102.862 13.991
201706 10.395 103.349 13.254
201709 9.198 104.136 11.639
201712 7.378 104.011 9.348
201803 5.726 105.290 7.166
201806 3.504 106.317 4.343
201809 7.561 106.507 9.355
201812 7.449 105.998 9.261
201903 44.893 107.251 55.159
201906 43.508 108.070 53.052
201909 41.001 108.329 49.875
201912 39.894 108.420 48.488
202003 37.549 108.902 45.436
202006 36.376 108.767 44.071
202009 35.079 109.815 42.094
202012 33.118 109.897 39.711
202103 -0.610 111.754 -0.719
202106 1.630 114.631 1.874
202109 2.486 115.734 2.831
202112 30.366 117.630 34.018
202203 31.542 121.301 34.266
202206 31.388 125.017 33.085
202209 32.429 125.227 34.125
202212 36.353 125.222 38.256
202303 40.631 127.348 42.044
202306 44.957 128.729 46.021
202309 54.281 129.860 55.082
202312 60.575 129.419 61.678
202403 66.867 131.776 66.867

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.


MercadoLibre  (NAS:MELI) 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.


MercadoLibre Cyclically Adjusted PB Ratio Related Terms

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


MercadoLibre (MercadoLibre) Business Description

Address
WTC Free Zone, Dr. Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300
MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
Executives
De La Serna Juan Martin officer: Executive VP Corporate Affairs AV. PTE. PERON 2375, LOTE MN04, PILAR, BUENOS AIRES C1 1629
Emiliano Calemzuk director C/O MERCADOLIBRE, INC., TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN
Petroni Merhy Andrea Mayumi director HOUSE B, 32 STANLEY VILLAGE ROAD, STANLEY K3 000000
Marcelo Melamud officer: V. P. Chief Accounting Officer TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN
Richard A Sanders director 80 PALL MALL, LONDON X0 SW1Y 5ES
Ariel Szarfsztejn officer: Executive VP - Commerce POSTA 4789, 6TH FLOOR, BUENOS AIRES C1 C1430CRG
Henrique Vasoncelos Dubugras director 1000 LAUREL WAY, BEVERLY HILLS CA 90210
Alejandro Nicolas Aguzin director ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430DNN
Meyer Malka director 364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Roberto Balls Sallouti director ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1 C1430CRG
Stelleo Tolda officer: Country Manager Brazil C/O MERCADOLIBRE, INC., TRONADOR 4890, 8TH FLOOR, BUENOS AIRES C1 C1430DNN
Ebay Inc 10 percent owner 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Daniel Rabinovich officer: VP-Chief Technology Officer ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430CRG
A Michael Spence director 121 INNOVATION DR STE 200, IRVINE CA 92612
Pedro Arnt officer: Executive VP and CFO ARIAS 3751, 7TH FLOOR, BUENOS AIRES C1 C1430CRG