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Nordstrom (BSP:J1WN34) Cyclically Adjusted PB Ratio : 2.65 (As of Apr. 28, 2024)


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What is Nordstrom Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Nordstrom's current share price is R$96.46. Nordstrom's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was R$36.43. Nordstrom's Cyclically Adjusted PB Ratio for today is 2.65.

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

BSP:J1WN34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 4.93   Max: 9.32
Current: 2.83

During the past years, Nordstrom's highest Cyclically Adjusted PB Ratio was 9.32. The lowest was 1.40. And the median was 4.93.

BSP:J1WN34's Cyclically Adjusted PB Ratio is ranked worse than
76.29% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs BSP:J1WN34: 2.83

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.

Nordstrom's adjusted book value per share data for the three months ended in Jan. 2024 was R$25.681. 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$36.43 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nordstrom Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nordstrom'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.

Nordstrom Cyclically Adjusted PB Ratio Chart

Nordstrom Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 4.35 2.87 2.61 2.68

Nordstrom Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.61 2.10 3.21 1.99 2.68

Competitive Comparison of Nordstrom's Cyclically Adjusted PB Ratio

For the Department Stores subindustry, Nordstrom'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.


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

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

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



Nordstrom 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=96.46/36.43
=2.65

* 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.

Nordstrom's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Nordstrom's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=25.681/129.4194*129.4194
=25.681

Current CPI (Jan. 2024) = 129.4194.

Nordstrom Quarterly Data

Book Value per Share CPI Adj_Book
201404 24.011 100.023 31.068
201407 24.778 100.520 31.902
201410 29.301 100.176 37.855
201501 33.816 98.604 44.384
201504 40.694 99.824 52.759
201507 42.736 100.691 54.929
201510 29.430 100.346 37.957
201601 20.360 99.957 26.361
201604 17.981 100.947 23.053
201607 17.724 101.524 22.594
201610 15.817 101.988 20.071
201701 16.326 102.456 20.622
201704 12.802 103.167 16.060
201707 15.111 103.278 18.936
201710 16.364 104.070 20.350
201801 18.788 104.578 23.251
201804 21.737 105.708 26.613
201807 26.013 106.324 31.663
201810 26.789 106.695 32.495
201901 20.693 106.200 25.217
201904 16.411 107.818 19.699
201907 18.514 108.250 22.135
201910 22.380 108.577 26.676
202001 26.118 108.841 31.056
202004 13.445 108.173 16.086
202007 5.841 109.318 6.915
202010 8.989 109.861 10.589
202101 10.374 110.364 12.165
202104 5.817 112.673 6.682
202107 8.705 115.183 9.781
202110 12.489 116.696 13.851
202201 20.156 118.619 21.991
202204 17.449 121.978 18.513
202207 22.272 125.002 23.059
202210 19.930 125.734 20.514
202301 23.966 126.223 24.573
202304 17.143 127.992 17.334
202307 20.010 128.974 20.079
202310 22.709 129.810 22.641
202401 25.681 129.419 25.681

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.


Nordstrom  (BSP:J1WN34) 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.


Nordstrom Cyclically Adjusted PB Ratio Related Terms

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


Nordstrom (BSP:J1WN34) Business Description

Traded in Other Exchanges
Address
1617 Sixth Avenue, Seattle, WA, USA, 98101
Nordstrom is a fashion retailer that operates about 93 department stores and approximately 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (28% of 2022 sales), shoes (26% of 2022 sales), men's apparel (15% of 2022 sales), and women's accessories (13% of 2022 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.

Nordstrom (BSP:J1WN34) Headlines

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