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Whirlpool (BSP:WHRL3) Cyclically Adjusted Book per Share : R$2.05 (As of Dec. 2023)


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What is Whirlpool 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.

Whirlpool's adjusted book value per share for the three months ended in Dec. 2023 was R$1.299. 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$2.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Whirlpool's average Cyclically Adjusted Book Growth Rate was -1.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.70% 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 Whirlpool was 4.20% per year. The lowest was 1.60% per year. And the median was 2.60% per year.

As of today (2024-04-27), Whirlpool's current stock price is R$4.77. Whirlpool's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$2.05. Whirlpool's Cyclically Adjusted PB Ratio of today is 2.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Whirlpool was 5.28. The lowest was 1.95. And the median was 2.65.


Whirlpool Cyclically Adjusted Book per Share Historical Data

The historical data trend for Whirlpool'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.

Whirlpool Cyclically Adjusted Book per Share Chart

Whirlpool 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 1.90 1.93 2.07 2.09 2.05

Whirlpool 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 2.09 2.11 2.09 2.07 2.05

Competitive Comparison of Whirlpool's Cyclically Adjusted Book per Share

For the Furnishings, Fixtures & Appliances subindustry, Whirlpool'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.


Whirlpool's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Whirlpool's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Whirlpool 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, Whirlpool'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)
=1.299/156.2729*156.2729
=1.299

Current CPI (Dec. 2023) = 156.2729.

Whirlpool Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.667 90.447 2.880
201406 1.375 91.838 2.340
201409 1.512 92.602 2.552
201412 1.333 94.194 2.212
201503 1.468 97.799 2.346
201506 1.555 100.006 2.430
201509 1.662 101.392 2.562
201512 1.557 104.247 2.334
201603 1.535 106.979 2.242
201606 1.528 108.851 2.194
201609 1.586 109.986 2.253
201612 1.604 110.802 2.262
201703 1.668 111.869 2.330
201706 1.746 112.115 2.434
201709 1.535 112.777 2.127
201712 1.490 114.068 2.041
201803 1.544 114.868 2.101
201806 1.543 117.038 2.060
201809 1.566 117.881 2.076
201812 1.457 118.340 1.924
201903 1.697 120.124 2.208
201906 1.697 120.977 2.192
201909 1.894 121.292 2.440
201912 2.009 123.436 2.543
202003 2.184 124.092 2.750
202006 1.225 123.557 1.549
202009 1.409 125.095 1.760
202012 1.282 129.012 1.553
202103 1.463 131.660 1.736
202106 1.330 133.871 1.553
202109 1.672 137.913 1.895
202112 1.402 141.992 1.543
202203 1.342 146.537 1.431
202206 1.526 149.784 1.592
202209 1.626 147.800 1.719
202212 1.448 150.207 1.506
202303 1.525 153.352 1.554
202306 1.588 154.519 1.606
202309 1.704 155.464 1.713
202312 1.299 156.273 1.299

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


Whirlpool  (BSP:WHRL3) 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.

Whirlpool's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.77/2.05
=2.33

* 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 Whirlpool was 5.28. The lowest was 1.95. And the median was 2.65.


Be Aware

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


Whirlpool Cyclically Adjusted Book per Share Related Terms

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


Whirlpool (BSP:WHRL3) Business Description

Traded in Other Exchanges
Address
Av Das Nacoes Unidas 12995 - 32th Floor, Sao Paulo, SP, BRA, 4578000
Whirlpool SA is a manufacturer of home appliances in Brazil. The corporate purpose is Industrialization, commercialization, import, export, commission, consignment and representation of Metallurgical, chemical, household cleaning, electrical and electronic products, other goods consumer products, food products. The company provides electronic products, machinery, and appliances for personal and commercial use, such as refrigerators, air conditioners, washing machines, food mixers, cooking equipment, microwaves, vacuum cleaners, and water purifiers. It is a subsidiary of Whirlpool Corporation.

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