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PSMT (Pricesmart) Cyclically Adjusted PB Ratio : 3.07 (As of Dec. 12, 2024)


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What is Pricesmart Cyclically Adjusted PB Ratio?

As of today (2024-12-12), Pricesmart's current share price is $96.92. Pricesmart's Cyclically Adjusted Book per Share for the quarter that ended in Aug. 2024 was $31.55. Pricesmart's Cyclically Adjusted PB Ratio for today is 3.07.

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

PSMT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.14   Med: 3.62   Max: 7.95
Current: 3.07

During the past years, Pricesmart's highest Cyclically Adjusted PB Ratio was 7.95. The lowest was 2.14. And the median was 3.62.

PSMT's Cyclically Adjusted PB Ratio is ranked worse than
67.98% of 228 companies
in the Retail - Defensive industry
Industry Median: 1.745 vs PSMT: 3.07

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.

Pricesmart's adjusted book value per share data for the three months ended in Aug. 2024 was $36.656. 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 $31.55 for the trailing ten years ended in Aug. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pricesmart Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pricesmart'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.

Pricesmart Cyclically Adjusted PB Ratio Chart

Pricesmart Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.14 3.60 2.35 2.70 2.84

Pricesmart Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 2.70 2.26 2.76 2.70 2.84

Competitive Comparison of Pricesmart's Cyclically Adjusted PB Ratio

For the Discount Stores subindustry, Pricesmart'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.


Pricesmart's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

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

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



Pricesmart 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=96.92/31.55
=3.07

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=36.656/132.8158*132.8158
=36.656

Current CPI (Aug. 2024) = 132.8158.

Pricesmart Quarterly Data

Book Value per Share CPI Adj_Book
201411 18.572 99.635 24.757
201502 18.352 99.032 24.613
201505 19.035 100.333 25.198
201508 18.771 100.548 24.795
201511 19.484 100.135 25.843
201602 19.327 100.040 25.659
201605 20.143 101.355 26.395
201608 20.988 101.617 27.432
201611 21.542 101.829 28.097
201702 22.092 102.779 28.548
201705 22.679 103.256 29.172
201708 23.314 103.587 29.892
201711 24.086 104.072 30.738
201802 24.042 105.052 30.396
201805 24.616 106.148 30.800
201808 24.885 106.383 31.068
201811 25.102 106.338 31.352
201902 25.353 106.649 31.573
201905 25.494 108.048 31.338
201908 26.109 108.245 32.036
201911 26.683 108.519 32.657
202002 26.729 109.139 32.528
202005 26.711 108.175 32.795
202008 27.118 109.662 32.844
202011 28.179 109.793 34.088
202102 28.407 110.968 34.000
202105 29.203 113.576 34.150
202108 29.762 115.421 34.247
202111 30.527 117.269 34.574
202202 30.899 119.703 34.284
202205 31.302 123.323 33.712
202208 32.069 124.958 34.086
202211 33.054 125.607 34.951
202302 33.673 126.928 35.235
202305 35.079 128.314 36.310
202308 35.738 129.538 36.642
202311 35.464 129.548 36.359
202402 35.682 130.930 36.196
202405 35.750 132.509 35.833
202408 36.656 132.816 36.656

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.


Pricesmart  (NAS:PSMT) 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.


Pricesmart Cyclically Adjusted PB Ratio Related Terms

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


Pricesmart Business Description

Traded in Other Exchanges
Address
9740 Scranton Road, San Diego, CA, USA, 92121
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in the Caribbean, Costa Rica, Panama, and other regions. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income. Its operations consist of four reportable segments; Central America, the Caribbean, Colombia, and the United States. A majority of the company's revenue is derived from Central America.
Executives
Michael Mccleary officer: SVP & Interim CFO 9740 SCRANTON RD., SAN DIEGO CA 92121
John D Hildebrandt officer: EVP -- Caribbean & Central Am. 4649 MORENA BLVD, SAN DIEGO CA 92117
Jeffrey Fisher director C/O PRICE LEGACY CORP, 17140 BERNARDO CENTER DR. #300, SAN DIEGO CA 92128
David R Price director 9740 SCRANTON RD, SAN DIEGO CA 92121
Francisco Velasco officer: EVP, GC and Secretary PRICESMART, INC., 9740 SCRANTON RD., SAN DIEGO CA 92121
Edgar Zurcher director BURETE ZURCHER, CALLE 1 ERA AUS 9 Y 11, NO 959 BO AMON, SAN JOSE COSTA RICA G2 00000
Sherry S. Bahrambeygui director 9740 SCRANTON ROAD, SAN DIEGO CA 92121
Gordon H. Hanson director 9640 SCRANTON ROAD, SAN DIEGO CA 92121
Wayne J Sadin officer: EVP and CIO 9740 SCRANTON RD, SAN DIEGO CA 92121
Ana Luisa Bianchi officer: EVP-Chief Merch. Officer PRICESMART, INC., 9740 SCRANTON RD., SAN DIEGO CA 92121
Rodrigo Calvo officer: EVP-Real Estate 9740 SCRANTON ROAD, SAN DIEGO CA 92121
John Thelan director 9740 SCRANTON RD, SAN DIEGO CA 92121
Christopher S Souhrada officer: EVP-Club Operations 9740 SCRANTON RD, SAN DIEGO CA 92121
Chong Jesus Von officer: EVP-Foods Merchandising PRICESMART, INC., 9740 SCRANTON RD., SAN DIEGO CA 92121
Robert E Price director, 10 percent owner, officer: Acting Chief Executive Officer 7979 IVANHOE AVE, STE 520, LA JOLLA CA 92037