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Western Digital (BSP:W1DC34) Cyclically Adjusted Book per Share : R$190.73 (As of Mar. 2024)


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What is Western Digital 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.

Western Digital's adjusted book value per share for the three months ended in Mar. 2024 was R$154.378. 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$190.73 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.90% 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 Western Digital was 44.80% per year. The lowest was -12.30% per year. And the median was 6.20% per year.

As of today (2024-06-09), Western Digital's current stock price is R$383.38. Western Digital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$190.73. Western Digital's Cyclically Adjusted PB Ratio of today is 2.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Western Digital was 5.81. The lowest was 0.70. And the median was 1.79.


Western Digital Cyclically Adjusted Book per Share Historical Data

The historical data trend for Western Digital'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.

Western Digital Cyclically Adjusted Book per Share Chart

Western Digital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 190.77 198.99 228.01 211.05

Western Digital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 215.41 211.05 187.01 190.06 190.73

Competitive Comparison of Western Digital's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Western Digital'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.


Western Digital's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Western Digital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Western Digital 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, Western Digital's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=154.378/131.7762*131.7762
=154.378

Current CPI (Mar. 2024) = 131.7762.

Western Digital Quarterly Data

Book Value per Share CPI Adj_Book
201406 84.490 100.560 110.718
201409 89.550 100.428 117.503
201412 103.421 99.070 137.564
201503 125.466 99.621 165.963
201506 124.725 100.684 163.241
201509 157.750 100.392 207.066
201512 159.866 99.792 211.104
201603 152.507 100.470 200.027
201606 134.344 101.688 174.095
201609 122.790 101.861 158.852
201612 124.983 101.863 161.686
201703 118.555 102.862 151.880
201706 127.983 103.349 163.186
201709 128.050 104.136 162.038
201712 125.055 104.011 158.438
201803 123.922 105.290 155.096
201806 146.903 106.317 182.081
201809 161.718 106.507 200.087
201812 145.621 105.998 181.035
201903 133.887 107.251 164.504
201906 130.270 108.070 158.847
201909 132.239 108.329 160.861
201912 128.750 108.420 156.486
202003 150.544 108.902 182.166
202006 164.087 108.767 198.798
202009 170.100 109.815 204.117
202012 165.252 109.897 198.152
202103 183.214 111.754 216.038
202106 175.034 114.631 201.213
202109 192.845 115.734 219.575
202112 217.126 117.630 243.239
202203 190.534 121.301 206.988
202206 195.835 125.017 206.423
202209 199.636 125.227 210.078
202212 199.210 125.222 209.637
202303 188.991 127.348 195.563
202306 163.503 128.729 167.374
202309 154.151 129.860 156.426
202312 151.323 129.419 154.079
202403 154.378 131.776 154.378

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


Western Digital  (BSP:W1DC34) 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.

Western Digital's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=383.38/190.73
=2.01

* 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 Western Digital was 5.81. The lowest was 0.70. And the median was 1.79.


Be Aware

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


Western Digital Cyclically Adjusted Book per Share Related Terms

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


Western Digital (BSP:W1DC34) Business Description

Industry
Address
5601 Great Oaks Parkway, San Jose, CA, USA, 95119
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.

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