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Z (Zillow Group) Cyclically Adjusted Book per Share : $21.23 (As of Mar. 2025)


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What is Zillow Group 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.

Zillow Group's adjusted book value per share for the three months ended in Mar. 2025 was $19.700. 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 $21.23 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Zillow Group's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.70% 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 Zillow Group was 19.00% per year. The lowest was 13.50% per year. And the median was 19.00% per year.

As of today (2025-06-28), Zillow Group's current stock price is $69.74. Zillow Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $21.23. Zillow Group's Cyclically Adjusted PB Ratio of today is 3.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zillow Group was 18.43. The lowest was 1.67. And the median was 3.30.


Zillow Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Zillow Group'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.

Zillow Group Cyclically Adjusted Book per Share Chart

Zillow Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.51 14.34 17.09 18.94 21.37

Zillow Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 19.61 20.27 20.71 21.37 21.23

Competitive Comparison of Zillow Group's Cyclically Adjusted Book per Share

For the Internet Content & Information subindustry, Zillow Group'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.


Zillow Group's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Zillow Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Zillow Group 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, Zillow Group's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=19.7/134.9266*134.9266
=19.700

Current CPI (Mar. 2025) = 134.9266.

Zillow Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.099 100.684 20.234
201509 15.046 100.392 20.222
201512 15.011 99.792 20.296
201603 14.865 100.470 19.963
201606 14.129 101.688 18.747
201609 14.302 101.861 18.945
201612 13.886 101.863 18.393
201703 13.975 102.862 18.331
201706 14.066 103.349 18.364
201709 14.244 104.136 18.456
201712 13.996 104.011 18.156
201803 14.348 105.290 18.387
201806 14.601 106.317 18.530
201809 16.337 106.507 20.696
201812 16.023 105.998 20.396
201903 16.005 107.251 20.135
201906 15.874 108.070 19.819
201909 16.641 108.329 20.727
201912 16.432 108.420 20.449
202003 16.043 108.902 19.877
202006 17.798 108.767 22.079
202009 18.520 109.815 22.755
202012 19.714 109.897 24.204
202103 22.280 111.754 26.900
202106 22.680 114.631 26.695
202109 22.651 115.734 26.407
202112 21.310 117.630 24.444
202203 19.499 121.301 21.689
202206 19.354 125.017 20.888
202209 19.332 125.227 20.829
202212 19.132 125.222 20.615
202303 19.317 127.348 20.467
202306 19.276 128.729 20.204
202309 19.389 129.860 20.146
202312 19.395 129.419 20.220
202403 19.752 131.776 20.224
202406 19.451 132.554 19.799
202409 19.937 133.029 20.221
202412 19.993 133.157 20.259
202503 19.700 134.927 19.700

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


Zillow Group  (NAS:Z) 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.

Zillow Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=69.74/21.23
=3.28

* 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 Zillow Group was 18.43. The lowest was 1.67. And the median was 3.30.


Be Aware

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


Zillow Group Cyclically Adjusted Book per Share Related Terms

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


Zillow Group Business Description

Traded in Other Exchanges
Address
1301 Second Avenue, Floor 36, Seattle, WA, USA, 98101
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Premier Agent and others.
Executives
Jeremy Hofmann officer: Chief Financial Officer 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Bradley D. Owens officer: General Counsel 1301 SECOND AVE, FL 31, SEATTLE WA 98101
Jeremy Wacksman officer: Chief Marketing Officer C/O ZILLOW GROUP, INC, 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98101
Dan Spaulding officer: Chief People Officer 1301 SECOND AVE, FL 31, SEATTLE WA 98101
David A. Beitel officer: Chief Technology Officer C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Jennifer Rock officer: Interim CFO 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98070
Errol G Samuelson officer: Chief Industry Dev. Officer C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98101
Gordon Sheridan Stephenson director C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Thielke Claire Cormier director 1301 2ND AVE FLOOR 31, SEATTLE WA 98101
Erik C Blachford director C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Lloyd D Frink director, officer: Vice Chairman & President C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
April Underwood director C/O ZILLOW GROUP, INC., 1301 2ND AVE, FLOOR 31, SEATTLE WA 98101
Susan Daimler officer: President of Zillow C/O PUBMATIC, INC., 3 LAGOON DRIVE, SUITE 180, REDWOOD CITY CA 94065
Amy Bohutinsky officer: Chief Marketing Officer C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Jay C Hoag director 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025