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MercadoLibre (XTER:MLB1) Cyclically Adjusted Book per Share : €21.70 (As of Dec. 2023)


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What is MercadoLibre 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.

MercadoLibre's adjusted book value per share for the three months ended in Dec. 2023 was €55.547. 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 €21.70 for the trailing ten years ended in Dec. 2023.

During the past 12 months, MercadoLibre's average Cyclically Adjusted Book Growth Rate was 24.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 25.90% 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 MercadoLibre was 31.90% per year. The lowest was 13.30% per year. And the median was 20.60% per year.

As of today (2024-04-29), MercadoLibre's current stock price is €1296.00. MercadoLibre's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €21.70. MercadoLibre's Cyclically Adjusted PB Ratio of today is 59.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MercadoLibre was 138.58. The lowest was 19.49. And the median was 52.11.


MercadoLibre Cyclically Adjusted Book per Share Historical Data

The historical data trend for MercadoLibre'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.

MercadoLibre Cyclically Adjusted Book per Share Chart

MercadoLibre 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 10.13 11.69 13.44 18.01 21.70

MercadoLibre 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 18.01 18.49 19.74 21.42 21.70

Competitive Comparison of MercadoLibre's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, MercadoLibre'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.


MercadoLibre's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



MercadoLibre 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, MercadoLibre'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)
=55.547/129.4194*129.4194
=55.547

Current CPI (Dec. 2023) = 129.4194.

MercadoLibre Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.729 99.695 7.437
201406 5.576 100.560 7.176
201409 5.990 100.428 7.719
201412 6.535 99.070 8.537
201503 6.929 99.621 9.002
201506 6.950 100.684 8.934
201509 7.334 100.392 9.455
201512 7.057 99.792 9.152
201603 7.180 100.470 9.249
201606 7.348 101.688 9.352
201609 7.970 101.861 10.126
201612 9.207 101.863 11.698
201703 10.211 102.862 12.847
201706 9.252 103.349 11.586
201709 7.717 104.136 9.591
201712 6.234 104.011 7.757
201803 4.644 105.290 5.708
201806 3.000 106.317 3.652
201809 6.479 106.507 7.873
201812 6.547 105.998 7.994
201903 39.730 107.251 47.942
201906 38.505 108.070 46.112
201909 37.229 108.329 44.477
201912 35.904 108.420 42.858
202003 33.982 108.902 40.384
202006 32.302 108.767 38.435
202009 29.782 109.815 35.099
202012 27.223 109.897 32.059
202103 -0.512 111.754 -0.593
202106 1.353 114.631 1.528
202109 2.113 115.734 2.363
202112 26.874 117.630 29.568
202203 28.640 121.301 30.557
202206 29.693 125.017 30.739
202209 32.753 125.227 33.850
202212 34.317 125.222 35.467
202303 37.950 127.348 38.567
202306 41.495 128.729 41.718
202309 50.861 129.860 50.689
202312 55.547 129.419 55.547

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


MercadoLibre  (XTER:MLB1) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1296.00/21.7
=59.72

* 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 MercadoLibre was 138.58. The lowest was 19.49. And the median was 52.11.


Be Aware

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


MercadoLibre Cyclically Adjusted Book per Share Related Terms

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


MercadoLibre (XTER:MLB1) Business Description

Address
WTC Free Zone, Dr. Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300
MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

MercadoLibre (XTER:MLB1) Headlines

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