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Raia Drogasil (BSP:RADL3) Cyclically Adjusted Book per Share : R$2.74 (As of Dec. 2023)


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What is Raia Drogasil Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Raia Drogasil's adjusted book value per share for the three months ended in Dec. 2023 was R$3.474. 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 R$2.74 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Raia Drogasil's average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Raia Drogasil was 11.90% per year. The lowest was 9.10% per year. And the median was 11.10% per year.

As of today (2024-04-27), Raia Drogasil's current stock price is R$25.62. Raia Drogasil's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$2.74. Raia Drogasil's Cyclically Adjusted PB Ratio of today is 9.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Raia Drogasil was 12.93. The lowest was 6.42. And the median was 9.62.


Raia Drogasil Cyclically Adjusted Book per Share Historical Data

The historical data trend for Raia Drogasil's Cyclically Adjusted Book per Share 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.

Raia Drogasil Cyclically Adjusted Book per Share Chart

Raia Drogasil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.86 2.11 2.41 2.55 2.74

Raia Drogasil Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 2.55 2.62 2.66 2.70 2.74

Competitive Comparison of Raia Drogasil's Cyclically Adjusted Book per Share

For the Pharmaceutical Retailers subindustry, Raia Drogasil'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.


Raia Drogasil's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Raia Drogasil's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Raia Drogasil Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Raia Drogasil's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.474/156.2729*156.2729
=3.474

Current CPI (Dec. 2023) = 156.2729.

Raia Drogasil Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.367 90.447 2.362
201406 1.378 91.838 2.345
201409 1.405 92.602 2.371
201412 1.435 94.194 2.381
201503 1.457 97.799 2.328
201506 1.477 100.006 2.308
201509 1.504 101.392 2.318
201512 1.538 104.247 2.306
201603 1.537 106.979 2.245
201606 1.602 108.851 2.300
201609 1.642 109.986 2.333
201612 1.698 110.802 2.395
201703 1.694 111.869 2.366
201706 1.747 112.115 2.435
201709 1.799 112.777 2.493
201712 1.880 114.068 2.576
201803 1.866 114.868 2.539
201806 1.918 117.038 2.561
201809 1.965 117.881 2.605
201812 2.044 118.340 2.699
201903 2.062 120.124 2.683
201906 2.072 120.977 2.677
201909 2.312 121.292 2.979
201912 2.348 123.436 2.973
202003 2.393 124.092 3.014
202006 2.369 123.557 2.996
202009 2.433 125.095 3.039
202012 2.543 129.012 3.080
202103 2.577 131.660 3.059
202106 2.719 133.871 3.174
202109 2.774 137.913 3.143
202112 2.731 141.992 3.006
202203 2.773 146.537 2.957
202206 2.926 149.784 3.053
202209 2.949 147.800 3.118
202212 3.117 150.207 3.243
202303 3.184 153.352 3.245
202306 3.227 154.519 3.264
202309 3.338 155.464 3.355
202312 3.474 156.273 3.474

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


Raia Drogasil  (BSP:RADL3) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Raia Drogasil's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25.62/2.74
=9.35

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Raia Drogasil was 12.93. The lowest was 6.42. And the median was 9.62.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Raia Drogasil Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Raia Drogasil's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Raia Drogasil (BSP:RADL3) Business Description

Traded in Other Exchanges
Address
Avenue Corifeu de Azevedo Marques, 3097 Butanta, Sao Paulo, SP, BRA, 05339-9000
Raia Drogasil SA is a large retail drug store operator in Brazil. The company's stores sell branded and generic medication, over-the-counter medicine, health and beauty aids, perfumery, cosmetics, household items, and personal care products. The company also acts as a pharmacy benefit manager, performing medical purchases with prenegotiated discounts. The majority of Raia Drogasil's revenue is generated through branded drug sales, while the bulk of the remaining revenue stems from perfumery, over-the-counter drugs, and generic drugs. The company owns a variety of stakes in operational subsidiaries.

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