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Etsy (BSP:E2TS34) Cyclically Adjusted PB Ratio : 25.55 (As of Apr. 27, 2024)


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What is Etsy Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Etsy's current share price is R$22.23. Etsy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$0.87. Etsy's Cyclically Adjusted PB Ratio for today is 25.55.

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

BSP:E2TS34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 20.85   Med: 25.27   Max: 32.56
Current: 24.65

During the past years, Etsy's highest Cyclically Adjusted PB Ratio was 32.56. The lowest was 20.85. And the median was 25.27.

BSP:E2TS34's Cyclically Adjusted PB Ratio is ranked worse than
98.05% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs BSP:E2TS34: 24.65

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.

Etsy's adjusted book value per share data for the three months ended in Dec. 2023 was R$-1.499. 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 R$0.87 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Etsy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Etsy'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.

Etsy Cyclically Adjusted PB Ratio Chart

Etsy 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 - - - - 29.73

Etsy 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 - - 27.67 22.57 29.73

Competitive Comparison of Etsy's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Etsy'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.


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

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

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



Etsy 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.

Etsy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.23/0.87
=25.55

* 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.

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

For example, Etsy'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)
=-1.499/129.4194*129.4194
=-1.499

Current CPI (Dec. 2023) = 129.4194.

Etsy Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.107 99.070 0.140
201503 0.104 99.621 0.135
201506 0.607 100.684 0.780
201509 0.754 100.392 0.972
201512 0.763 99.792 0.990
201603 0.722 100.470 0.930
201606 0.672 101.688 0.855
201609 0.651 101.861 0.827
201612 0.668 101.863 0.849
201703 0.532 102.862 0.669
201706 0.578 103.349 0.724
201709 0.604 104.136 0.751
201712 0.720 104.011 0.896
201803 0.704 105.290 0.865
201806 0.782 106.317 0.952
201809 0.903 106.507 1.097
201812 0.871 105.998 1.063
201903 0.901 107.251 1.087
201906 0.950 108.070 1.138
201909 0.907 108.329 1.084
201912 0.945 108.420 1.128
202003 1.125 108.902 1.337
202006 1.529 108.767 1.819
202009 1.919 109.815 2.262
202012 2.034 109.897 2.395
202103 2.036 111.754 2.358
202106 1.413 114.631 1.595
202109 1.492 115.734 1.668
202112 1.875 117.630 2.063
202203 1.777 121.301 1.896
202206 1.551 125.017 1.606
202209 -1.695 125.227 -1.752
202212 -1.538 125.222 -1.590
202303 -1.533 127.348 -1.558
202306 -1.225 128.729 -1.232
202309 -1.721 129.860 -1.715
202312 -1.499 129.419 -1.499

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.


Etsy  (BSP:E2TS34) 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.


Etsy Cyclically Adjusted PB Ratio Related Terms

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


Etsy (BSP:E2TS34) Business Description

Address
117 Adams Street, Brooklyn, NY, USA, 11201
Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

Etsy (BSP:E2TS34) Headlines

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