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Tripadvisor (BUE:TRIP) Cyclically Adjusted Book per Share : ARS5,368.87 (As of Mar. 2024)


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What is Tripadvisor 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.

Tripadvisor's adjusted book value per share for the three months ended in Mar. 2024 was ARS4,995.275. 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 ARS5,368.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tripadvisor's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.70% 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 Tripadvisor was 5.00% per year. The lowest was 4.70% per year. And the median was 4.85% per year.

As of today (2024-05-27), Tripadvisor's current stock price is ARS11036.00. Tripadvisor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS5,368.87. Tripadvisor's Cyclically Adjusted PB Ratio of today is 2.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tripadvisor was 7.00. The lowest was 1.44. And the median was 2.48.


Tripadvisor Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tripadvisor'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.

Tripadvisor Cyclically Adjusted Book per Share Chart

Tripadvisor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 309.91 604.34 932.65 1,625.48 4,803.76

Tripadvisor 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 1,997.13 2,533.51 4,078.69 4,803.76 5,368.87

Competitive Comparison of Tripadvisor's Cyclically Adjusted Book per Share

For the Travel Services subindustry, Tripadvisor'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.


Tripadvisor's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tripadvisor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tripadvisor 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, Tripadvisor'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)
=4995.275/131.7762*131.7762
=4,995.275

Current CPI (Mar. 2024) = 131.7762.

Tripadvisor Quarterly Data

Book Value per Share CPI Adj_Book
201406 58.389 100.560 76.515
201409 63.976 100.428 83.946
201412 67.309 99.070 89.530
201503 72.461 99.621 95.850
201506 78.266 100.684 102.435
201509 86.479 100.392 113.514
201512 125.827 99.792 166.155
201603 146.764 100.470 192.495
201606 144.473 101.688 187.221
201609 161.847 101.861 209.379
201612 165.223 101.863 213.743
201703 151.120 102.862 193.599
201706 160.915 103.349 205.176
201709 178.849 104.136 226.321
201712 187.318 104.011 237.321
201803 200.811 105.290 251.327
201806 244.284 106.317 302.782
201809 385.604 106.507 477.091
201812 402.202 105.998 500.016
201903 423.803 107.251 520.717
201906 505.281 108.070 616.122
201909 661.357 108.329 804.501
201912 505.140 108.420 613.958
202003 475.405 108.902 575.264
202006 464.661 108.767 562.957
202009 501.297 109.815 601.549
202012 535.160 109.897 641.705
202103 516.642 111.754 609.203
202106 537.185 114.631 617.529
202109 562.048 115.734 639.953
202112 574.850 117.630 643.984
202203 589.965 121.301 640.913
202206 685.126 125.017 722.169
202209 803.762 125.227 845.801
202212 1,024.847 125.222 1,078.490
202303 1,123.723 127.348 1,162.799
202306 1,359.512 128.729 1,391.697
202309 2,080.808 129.860 2,111.520
202312 2,283.765 129.419 2,325.354
202403 4,995.275 131.776 4,995.275

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


Tripadvisor  (BUE:TRIP) 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.

Tripadvisor's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11036.00/5368.87
=2.06

* 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 Tripadvisor was 7.00. The lowest was 1.44. And the median was 2.48.


Be Aware

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


Tripadvisor Cyclically Adjusted Book per Share Related Terms

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


Tripadvisor (BUE:TRIP) Business Description

Industry
Address
400 1st Avenue, Needham, MA, USA, 02494
Tripadvisor is the world's leading travel metasearch company. Its platform offers 1 billion reviews and information on about 8 million accommodations, restaurants, experiences, airlines, and cruises. In 2022, 65% of revenue came from the company's core segment, which includes hotel revenue generated through advertising on its metasearch platform. Viator, its experiences brand, was 33% of sales in 2022, and TheFork, its dining brand, represented 8% of revenue (about 6% of sales were intersegment, which are eliminated from consolidated revenue).