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Amazon.com (AMZN) Cyclically Adjusted PB Ratio : 24.37 (As of Apr. 27, 2024)


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What is Amazon.com Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Amazon.com's current share price is $179.62. Amazon.com's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.37. Amazon.com's Cyclically Adjusted PB Ratio for today is 24.37.

The historical rank and industry rank for Amazon.com's Cyclically Adjusted PB Ratio or its related term are showing as below:

AMZN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 15.4   Med: 46.18   Max: 76.24
Current: 24.38

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

AMZN's Cyclically Adjusted PB Ratio is ranked worse than
97.91% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs AMZN: 24.38

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 adjusted book value per share data for the three months ended in Dec. 2023 was $19.443. 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 $7.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amazon.com Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Amazon.com's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Amazon.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.12 58.53 40.90 15.03 20.63

Amazon.com Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 15.03 17.13 20.14 18.32 20.63

Competitive Comparison of Amazon.com's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=179.62/7.37
=24.37

* 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.

Amazon.com's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Amazon.com'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)
=19.443/129.4194*129.4194
=19.443

Current CPI (Dec. 2023) = 129.4194.

Amazon.com Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.123 99.695 1.458
201406 1.147 100.560 1.476
201409 1.116 100.428 1.438
201412 1.155 99.070 1.509
201503 1.167 99.621 1.516
201506 1.257 100.684 1.616
201509 1.325 100.392 1.708
201512 1.421 99.792 1.843
201603 1.563 100.470 2.013
201606 1.745 101.688 2.221
201609 1.872 101.861 2.378
201612 2.021 101.863 2.568
201703 2.267 102.862 2.852
201706 2.418 103.349 3.028
201709 2.558 104.136 3.179
201712 2.863 104.011 3.562
201803 3.244 105.290 3.987
201806 3.593 106.317 4.374
201809 4.001 106.507 4.862
201812 4.435 105.998 5.415
201903 4.920 107.251 5.937
201906 5.371 108.070 6.432
201909 5.708 108.329 6.819
201912 6.231 108.420 7.438
202003 6.540 108.902 7.772
202006 7.358 108.767 8.755
202009 8.245 109.815 9.717
202012 9.285 109.897 10.934
202103 10.258 111.754 11.879
202106 11.344 114.631 12.807
202109 11.890 115.734 13.296
202112 13.580 117.630 14.941
202203 13.163 121.301 14.044
202206 12.904 125.017 13.358
202209 13.482 125.227 13.933
202212 14.259 125.222 14.737
202303 15.064 127.348 15.309
202306 16.348 128.729 16.436
202309 17.713 129.860 17.653
202312 19.443 129.419 19.443

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


Amazon.com  (NAS:AMZN) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Amazon.com Cyclically Adjusted PB Ratio Related Terms

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


Amazon.com (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.
Executives
Adam Selipsky officer: CEO Amazon Web Services PO BOX 81226, SEATTLE WA 98108
Douglas J Herrington officer: CEO Worldwide Amazon Stores PO BOX 81226, SEATTLE WA 98108
David Zapolsky officer: Senior Vice President PO BOX 81226, SEATTLE WA 98108
Andrew R Jassy director, officer: President and CEO PO BOX 81226, SEATTLE WA 98108-1226
Shelley Reynolds officer: Vice President PO BOX 81226, SEATTLE WA 98108
Brian T Olsavsky officer: Senior Vice President and CFO PO BOX 81226, SEATTLE WA 98108
Daniel P Huttenlocher director ONE RIVERFRONT PLAZA, CORNING NY 14831
Brad D Smith director 1040 13TH AVE, HUNTINGTON WV 25701
Jeffrey P Bezos director, 10 percent owner, officer: Chairman, CEO and President PO BOX 81226, SEATTLE WA 98108-1226
David H Clark officer: Senior Vice President PO BOX 81226, SEATTLE WA 98108
Jonathan Rubinstein director APPLE COMPUTER INC, 1 INFINITE LOOP, CUPERTINO CA 95014
Edith W Cooper director C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Judith A Mcgrath director PO BOX 81226, SEATTLE WA 98108
Jeffrey A Wilke officer: CEO Worldwide Consumer PO BOX 81226, SEATTLE WA 98108-1226
Patricia Q Stonesifer director PO BOX 81226, SEATTLE WA 98108-1226

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