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Floor & Decor Holdings (Floor & Decor Holdings) Cyclically Adjusted Book per Share : $9.31 (As of Dec. 2023)


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What is Floor & Decor Holdings 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.

Floor & Decor Holdings's adjusted book value per share for the three months ended in Dec. 2023 was $18.091. 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 $9.31 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-27), Floor & Decor Holdings's current stock price is $110.93. Floor & Decor Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.31. Floor & Decor Holdings's Cyclically Adjusted PB Ratio of today is 11.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Floor & Decor Holdings was 13.98. The lowest was 11.23. And the median was 11.92.


Floor & Decor Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Floor & Decor Holdings'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.

Floor & Decor Holdings Cyclically Adjusted Book per Share Chart

Floor & Decor Holdings 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 - - - - 9.31

Floor & Decor Holdings 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 - - - - 9.31

Competitive Comparison of Floor & Decor Holdings's Cyclically Adjusted Book per Share

For the Home Improvement Retail subindustry, Floor & Decor Holdings'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.


Floor & Decor Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Floor & Decor Holdings's Cyclically Adjusted PB Ratio falls into.



Floor & Decor Holdings 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, Floor & Decor Holdings'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)
=18.091/129.4194*129.4194
=18.091

Current CPI (Dec. 2023) = 129.4194.

Floor & Decor Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201112 0.000 95.213 0.000
201212 2.830 96.871 3.781
201309 0.000 98.790 0.000
201312 2.716 98.326 3.575
201409 2.853 100.428 3.677
201412 2.902 99.070 3.791
201509 0.000 100.392 0.000
201512 3.212 99.792 4.166
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 3.510 101.861 4.460
201612 1.454 101.863 1.847
201703 1.582 102.862 1.990
201706 3.839 103.349 4.807
201709 4.100 104.136 5.095
201712 4.637 104.011 5.770
201803 5.074 105.290 6.237
201806 5.500 106.317 6.695
201809 5.792 106.507 7.038
201812 5.987 105.998 7.310
201903 6.326 107.251 7.634
201906 6.769 108.070 8.106
201909 7.157 108.329 8.550
201912 7.534 108.420 8.993
202003 7.910 108.902 9.400
202006 8.245 108.767 9.811
202009 8.965 109.815 10.565
202012 9.556 109.897 11.254
202103 10.329 111.754 11.962
202106 11.222 114.631 12.670
202109 11.981 115.734 13.398
202112 12.511 117.630 13.765
202203 13.250 121.301 14.137
202206 14.098 125.017 14.594
202209 14.914 125.227 15.413
202212 15.611 125.222 16.134
202303 16.264 127.348 16.529
202306 17.011 128.729 17.102
202309 17.692 129.860 17.632
202312 18.091 129.419 18.091

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


Floor & Decor Holdings  (NYSE:FND) 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.

Floor & Decor Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=110.93/9.31
=11.92

* 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 Floor & Decor Holdings was 13.98. The lowest was 11.23. And the median was 11.92.


Be Aware

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


Floor & Decor Holdings Cyclically Adjusted Book per Share Related Terms

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


Floor & Decor Holdings (Floor & Decor Holdings) Business Description

Traded in Other Exchanges
Address
2500 Windy Ridge Parkway SE, Atlanta, GA, USA, 30339
Floor & Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the US region and also offers its product through an e-commerce site.
Executives
David Victor Christopherson officer: SVP & General Counsel 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Thomas V Taylor director, officer: Chief Executive Officer 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Steven Alan Denny officer: EVP, Store Operations C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Melissa Kersey director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Richard L Sullivan director 2233 LAKE PARK DRIVE, SMYRNA GA 30080
Bryan Langley officer: EVP & Chief Financial Officer C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Luke Olson officer: Chief Accounting Officer C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Ryan Marshall director 24311 WALDEN CENTER DR, STE 300, BONITA SPRINGS FL 34134
William T Giles director 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Felicia D Thornton director 250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Ersan Sayman officer: EVP - MERCHANDISING C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Peter Starrett director
Brian K Robbins officer: EVP-Supply Chain 2233 LAKE PARK DRIVE, SMYRNA GA 30080
Dwight Lamar James director C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY, SE, ATLANTA GA 30339
Norman Axelrod director