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WD-40 Co (WD-40 Co) Cyclically Adjusted PB Ratio : 15.94 (As of Apr. 30, 2024)


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What is WD-40 Co Cyclically Adjusted PB Ratio?

As of today (2024-04-30), WD-40 Co's current share price is $224.23. WD-40 Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $14.07. WD-40 Co's Cyclically Adjusted PB Ratio for today is 15.94.

The historical rank and industry rank for WD-40 Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

WDFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.01   Med: 12.64   Max: 27.55
Current: 15.93

During the past years, WD-40 Co's highest Cyclically Adjusted PB Ratio was 27.55. The lowest was 5.01. And the median was 12.64.

WDFC's Cyclically Adjusted PB Ratio is ranked worse than
97.53% of 1051 companies
in the Chemicals industry
Industry Median: 1.57 vs WDFC: 15.93

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.

WD-40 Co's adjusted book value per share data for the three months ended in Feb. 2024 was $15.956. 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 $14.07 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


WD-40 Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for WD-40 Co'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.

WD-40 Co Cyclically Adjusted PB Ratio Chart

WD-40 Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.97 16.90 18.98 13.87 15.26

WD-40 Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 12.57 13.60 15.26 17.19 19.07

Competitive Comparison of WD-40 Co's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, WD-40 Co'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.


WD-40 Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, WD-40 Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where WD-40 Co's Cyclically Adjusted PB Ratio falls into.



WD-40 Co 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.

WD-40 Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=224.23/14.07
=15.94

* 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.

WD-40 Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, WD-40 Co'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)
=15.956/129.4194*129.4194
=15.956

Current CPI (Feb. 2024) = 129.4194.

WD-40 Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 11.790 100.373 15.202
201408 11.482 100.352 14.808
201411 10.926 99.635 14.192
201502 10.998 99.032 14.373
201505 10.772 100.333 13.895
201508 10.924 100.548 14.061
201511 10.679 100.135 13.802
201602 10.223 100.040 13.225
201605 10.568 101.355 13.494
201608 9.881 101.617 12.584
201611 9.092 101.829 11.555
201702 9.196 102.779 11.580
201705 9.580 103.256 12.007
201708 9.967 103.587 12.453
201711 10.396 104.072 12.928
201802 11.081 105.052 13.651
201805 10.701 106.148 13.047
201808 11.226 106.383 13.657
201811 10.986 106.338 13.371
201902 11.279 106.649 13.687
201905 11.151 108.048 13.357
201908 10.604 108.245 12.678
201911 10.645 108.519 12.695
202002 10.795 109.139 12.801
202005 10.610 108.175 12.694
202008 11.732 109.662 13.846
202011 12.748 109.793 15.027
202102 13.684 110.968 15.959
202105 14.782 113.576 16.844
202108 14.617 115.421 16.390
202111 14.474 117.269 15.974
202202 14.556 119.703 15.738
202205 14.315 123.323 15.023
202208 13.867 124.958 14.362
202211 14.084 125.607 14.511
202302 14.528 126.928 14.813
202305 15.170 128.314 15.301
202308 15.496 129.538 15.482
202311 15.927 129.548 15.911
202402 15.956 129.419 15.956

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.


WD-40 Co  (NAS:WDFC) 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.


WD-40 Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of WD-40 Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


WD-40 Co (WD-40 Co) Business Description

Industry
Traded in Other Exchanges
Address
9715 Businesspark Avenue, San Diego, CA, USA, 92131
WD-40 Co manufactures and sells lubricants and cleaning products. The firm's product categories include maintenance and cleaning products. Maintenance products include the WD-40 signature brand aerosol spray lubricant as well as degreasers, rust removers, and bicycle maintenance products. Cleaning products include toilet cleaners, carpet stain removers and deodorizers, and heavy-duty hand soaps used to clean grease. The company organizes itself into three segments based on geography: Americas, Europe/Middle East/Africa, and Asia-Pacific. Around half of the company's revenue comes from the Americas segment, which includes the United States, Canada, and Latin America.
Executives
Sara Kathleen Hyzer officer: VP, Finance & CFO C/O: WD-40 COMPANY, 9715 BUSINESSPARK AVE., SAN DIEGO CA 92131
Jeffrey G Lindeman officer: VP, Chief People, Cult. & Cap. 9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Phenix Q. Kiamilev officer: VP, General Counsel & Corp Sec 9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Steven A Brass director, officer: President and CEO WD-40 COMPANY, 1061 CUDAHY PLACE, SAN DIEGO CA 92110
William B Noble officer: Group MD, EMEA & Emerging Mkts BRICK CLOSE, KIIN FARM, MILTON KEYNES X0 MK1 13LJ
Patricia Q Olsem officer: Division President, Americas 9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Cynthia Burks director C/O INSPIRE MEDICAL SYSTEMS, INC., 9700 63RD AVENUE NORTH, SUITE 200, MAPLE GROVE MN 55369
Geoffrey Holdsworth officer: Managing Director AsiaPacific 27 MUNGARRA AVENUE, ST. IVES, SYDNEY C3 2075
Eric Etchart director ROOM F, 22F CROSS REGION PLAZA, 899 LINGLING ROAD, SHANGHAI F4 200030
Magee Edward O Jr director 9715 BUSINESSPARK AVENUE, SAN DIEGO CA 92131
Richard T Clampitt officer: VP, General Counsel WD-40 COMPANY, 1061 CUDAHY PLACE, SAN DIEGO CA 92110
Garry O Ridge director, officer: President & CEO 1061 CUDAHY PL, SAN DIEGO CA 92110
Lara L Lee director C/O MARRONE BIO INNOVATIONS, INC., 1540 DREW AVENUE, DAVIS CA 95618
Jay Rembolt officer: Principal Accounting Officer 1061 CUDAHY PL, SAN DIEGO CA 92110
Graciela Monteagudo director FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047