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Liquidity Services (FRA:L1S) Cyclically Adjusted Book per Share : €5.69 (As of Mar. 2024)


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What is Liquidity Services 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.

Liquidity Services's adjusted book value per share for the three months ended in Mar. 2024 was €4.945. 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 €5.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Liquidity Services's average Cyclically Adjusted Book Growth Rate was -8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.30% 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 Liquidity Services was 5.40% per year. The lowest was -1.30% per year. And the median was 0.80% per year.

As of today (2024-06-08), Liquidity Services's current stock price is €17.60. Liquidity Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.69. Liquidity Services's Cyclically Adjusted PB Ratio of today is 3.09.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Liquidity Services was 3.96. The lowest was 0.45. And the median was 1.40.


Liquidity Services Cyclically Adjusted Book per Share Historical Data

The historical data trend for Liquidity Services'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.

Liquidity Services Cyclically Adjusted Book per Share Chart

Liquidity Services Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.19 6.05 6.52 6.91 6.12

Liquidity Services 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 6.11 6.10 6.12 5.58 5.69

Competitive Comparison of Liquidity Services's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, Liquidity Services'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.


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

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

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



Liquidity Services 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, Liquidity Services'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)
=4.945/131.7762*131.7762
=4.945

Current CPI (Mar. 2024) = 131.7762.

Liquidity Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.904 100.560 10.358
201409 8.291 100.428 10.879
201412 6.870 99.070 9.138
201503 7.908 99.621 10.460
201506 7.773 100.684 10.173
201509 6.410 100.392 8.414
201512 6.383 99.792 8.429
201603 6.325 100.470 8.296
201606 6.317 101.688 8.186
201609 4.713 101.861 6.097
201612 4.719 101.863 6.105
201703 4.461 102.862 5.715
201706 4.058 103.349 5.174
201709 3.532 104.136 4.469
201712 3.512 104.011 4.450
201803 3.248 105.290 4.065
201806 3.341 106.317 4.141
201809 3.390 106.507 4.194
201812 3.351 105.998 4.166
201903 3.303 107.251 4.058
201906 3.200 108.070 3.902
201909 3.131 108.329 3.809
201912 2.986 108.420 3.629
202003 2.879 108.902 3.484
202006 2.877 108.767 3.486
202009 2.831 109.815 3.397
202012 2.836 109.897 3.401
202103 2.679 111.754 3.159
202106 2.860 114.631 3.288
202109 3.453 115.734 3.932
202112 3.659 117.630 4.099
202203 3.753 121.301 4.077
202206 4.306 125.017 4.539
202209 4.891 125.227 5.147
202212 4.636 125.222 4.879
202303 4.559 127.348 4.718
202306 4.687 128.729 4.798
202309 4.929 129.860 5.002
202312 4.942 129.419 5.032
202403 4.945 131.776 4.945

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


Liquidity Services  (FRA:L1S) 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.

Liquidity Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.60/5.69
=3.09

* 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 Liquidity Services was 3.96. The lowest was 0.45. And the median was 1.40.


Be Aware

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


Liquidity Services Cyclically Adjusted Book per Share Related Terms

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


Liquidity Services (FRA:L1S) Business Description

Traded in Other Exchanges
Address
6931 Arlington Road, Suite 460, Bethesda, MD, USA, 20814
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.

Liquidity Services (FRA:L1S) Headlines

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