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Zumiez (FRA:ZM3) Cyclically Adjusted Book per Share : €17.62 (As of Jan. 2024)


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What is Zumiez 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.

Zumiez's adjusted book value per share for the three months ended in Jan. 2024 was €16.349. 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 €17.62 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Zumiez's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.40% 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 Zumiez was 13.10% per year. The lowest was 10.20% per year. And the median was 12.00% per year.

As of today (2024-06-06), Zumiez's current stock price is €17.60. Zumiez's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €17.62. Zumiez's Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zumiez was 5.71. The lowest was 0.73. And the median was 2.29.


Zumiez Cyclically Adjusted Book per Share Historical Data

The historical data trend for Zumiez'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.

Zumiez Cyclically Adjusted Book per Share Chart

Zumiez Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.49 10.95 13.59 16.09 17.62

Zumiez Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 16.09 16.09 16.51 17.17 17.62

Competitive Comparison of Zumiez's Cyclically Adjusted Book per Share

For the Apparel Retail subindustry, Zumiez'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.


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

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

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



Zumiez 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, Zumiez'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)
=16.349/130.1244*130.1244
=16.349

Current CPI (Jan. 2024) = 130.1244.

Zumiez Quarterly Data

Book Value per Share CPI Adj_Book
201404 8.084 100.023 10.517
201407 8.417 100.520 10.896
201410 9.293 100.176 12.071
201501 10.522 98.604 13.886
201504 11.401 99.824 14.862
201507 10.131 100.691 13.092
201510 10.002 100.346 12.970
201601 10.639 99.957 13.850
201604 10.062 100.947 12.970
201607 10.173 101.524 13.039
201610 10.555 101.988 13.467
201701 11.571 102.456 14.696
201704 11.315 103.167 14.272
201707 10.807 103.278 13.616
201710 11.006 104.070 13.761
201801 11.559 104.578 14.383
201804 11.279 105.708 13.884
201807 11.909 106.324 14.575
201810 12.566 106.695 15.325
201901 13.746 106.200 16.843
201904 13.621 107.818 16.439
201907 13.991 108.250 16.818
201910 14.953 108.577 17.920
202001 16.259 108.841 19.438
202004 15.598 108.173 18.763
202007 16.068 109.318 19.126
202010 16.658 109.861 19.731
202101 17.723 110.364 20.896
202104 18.866 112.673 21.788
202107 19.671 115.183 22.223
202110 19.656 116.696 21.918
202201 19.514 118.619 21.407
202204 17.936 121.978 19.134
202207 19.095 125.002 19.877
202210 19.825 125.734 20.517
202301 19.396 126.223 19.996
202304 18.065 127.992 18.366
202307 17.589 128.974 17.746
202310 18.116 129.810 18.160
202401 16.349 130.124 16.349

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


Zumiez  (FRA:ZM3) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.60/17.62
=1.00

* 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 Zumiez was 5.71. The lowest was 0.73. And the median was 2.29.


Be Aware

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


Zumiez Cyclically Adjusted Book per Share Related Terms

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


Zumiez (FRA:ZM3) Business Description

Industry
Traded in Other Exchanges
Address
4001 204th Street SW, Lynnwood, WA, USA, 98036
Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hardgoods. The company provides merchandise with cultural elements coming from fashion, music, art and from action sports, streetwear, and other unique lifestyles. The company operates under the brands Zumiez and Blue Tomato, and through both physical stores and websites. Most of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.

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