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Amazon.com (NEOE:AMZN) Cyclically Adjusted Book per Share : C$0.94 (As of Mar. 2024)


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What is Amazon.com 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.

Amazon.com's adjusted book value per share for the three months ended in Mar. 2024 was C$2.769. 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 C$0.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Amazon.com's average Cyclically Adjusted Book Growth Rate was 30.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 38.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 38.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 33.60% 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 Amazon.com was 73.80% per year. The lowest was 24.60% per year. And the median was 34.05% per year.

As of today (2024-05-16), Amazon.com's current stock price is C$22.35. Amazon.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$0.94. Amazon.com's Cyclically Adjusted PB Ratio of today is 23.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Amazon.com was 76.24. The lowest was 15.40. And the median was 46.18.


Amazon.com Cyclically Adjusted Book per Share Historical Data

The historical data trend for Amazon.com'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.

Amazon.com Cyclically Adjusted Book per Share Chart

Amazon.com 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 - - 0.51 0.68 0.89

Amazon.com Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.74 0.79 0.84 0.89 0.94

Competitive Comparison of Amazon.com's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, Amazon.com'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.


Amazon.com's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Amazon.com's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Amazon.com 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, Amazon.com's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.769/131.7762*131.7762
=2.769

Current CPI (Mar. 2024) = 131.7762.

Amazon.com Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.122 100.560 0.160
201409 0.121 100.428 0.159
201412 0.131 99.070 0.174
201503 0.145 99.621 0.192
201506 0.153 100.684 0.200
201509 0.173 100.392 0.227
201512 0.191 99.792 0.252
201603 0.203 100.470 0.266
201606 0.221 101.688 0.286
201609 0.241 101.861 0.312
201612 0.265 101.863 0.343
201703 0.298 102.862 0.382
201706 0.316 103.349 0.403
201709 0.308 104.136 0.390
201712 0.359 104.011 0.455
201803 0.412 105.290 0.516
201806 0.463 106.317 0.574
201809 0.512 106.507 0.633
201812 0.585 105.998 0.727
201903 0.646 107.251 0.794
201906 0.701 108.070 0.855
201909 0.742 108.329 0.903
201912 0.806 108.420 0.980
202003 0.897 108.902 1.085
202006 0.979 108.767 1.186
202009 1.071 109.815 1.285
202012 1.168 109.897 1.401
202103 1.266 111.754 1.493
202106 1.362 114.631 1.566
202109 1.480 115.734 1.685
202112 1.707 117.630 1.912
202203 1.637 121.301 1.778
202206 1.623 125.017 1.711
202209 1.766 125.227 1.858
202212 1.903 125.222 2.003
202303 2.024 127.348 2.094
202306 2.133 128.729 2.183
202309 2.354 129.860 2.389
202312 2.562 129.419 2.609
202403 2.769 131.776 2.769

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


Amazon.com  (NEOE:AMZN) 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.

Amazon.com's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.35/0.94
=23.78

* 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 Amazon.com was 76.24. The lowest was 15.40. And the median was 46.18.


Be Aware

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


Amazon.com Cyclically Adjusted Book per Share Related Terms

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


Amazon.com (NEOE:AMZN) Business Description

Address
410 Terry Avenue North, Seattle, WA, USA, 98109-5210
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments constitute 25%-30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

Amazon.com (NEOE:AMZN) Headlines

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