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NAVER (XKRX:035420) Cyclically Adjusted Book per Share : ₩74,434.00 (As of Mar. 2024)


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What is NAVER 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.

NAVER's adjusted book value per share for the three months ended in Mar. 2024 was ₩155,203.873. 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 ₩74,434.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, NAVER's average Cyclically Adjusted Book Growth Rate was 26.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 44.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 37.00% 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 NAVER was 44.90% per year. The lowest was 21.90% per year. And the median was 33.90% per year.

As of today (2024-05-24), NAVER's current stock price is ₩182100.00. NAVER's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩74,434.00. NAVER's Cyclically Adjusted PB Ratio of today is 2.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NAVER was 17.87. The lowest was 2.44. And the median was 9.26.


NAVER Cyclically Adjusted Book per Share Historical Data

The historical data trend for NAVER'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.

NAVER Cyclically Adjusted Book per Share Chart

NAVER 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 19,392.30 23,314.20 38,694.10 54,673.80 70,873.20

NAVER 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 58,804.50 62,906.70 67,469.20 70,873.20 74,434.00

Competitive Comparison of NAVER's Cyclically Adjusted Book per Share

For the Internet Content & Information subindustry, NAVER'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.


NAVER's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NAVER's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



NAVER 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, NAVER'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)
=155203.873/118.8477*118.8477
=155,203.873

Current CPI (Mar. 2024) = 118.8477.

NAVER Quarterly Data

Book Value per Share CPI Adj_Book
201406 11,463.697 99.353 13,713.064
201409 12,665.015 99.608 15,111.315
201412 12,190.086 99.098 14,619.505
201503 13,022.451 99.720 15,520.340
201506 14,130.214 100.050 16,785.042
201509 15,401.870 100.110 18,284.655
201512 14,546.654 100.220 17,250.413
201603 15,231.922 100.560 18,001.978
201606 16,718.346 100.790 19,713.632
201609 25,447.686 101.460 29,808.781
201612 24,957.119 101.560 29,205.358
201703 25,967.550 102.850 30,006.646
201706 30,058.197 102.610 34,814.809
201709 31,137.517 103.490 35,758.260
201712 32,429.562 102.990 37,422.845
201803 32,890.192 104.100 37,549.699
201806 34,696.520 104.130 39,600.515
201809 35,326.449 105.650 39,739.396
201812 35,847.397 104.350 40,827.798
201903 36,318.488 104.490 41,308.917
201906 37,759.765 104.880 42,788.532
201909 39,064.890 105.200 44,132.817
201912 39,912.736 105.120 45,124.970
202003 45,682.169 105.540 51,442.304
202006 47,559.717 104.870 53,898.760
202009 44,439.430 106.200 49,731.865
202012 49,961.136 105.765 56,140.913
202103 148,905.201 107.357 164,842.606
202106 153,268.373 107.579 169,323.579
202109 158,994.901 108.759 173,743.263
202112 157,640.960 109.676 170,823.126
202203 154,108.910 111.806 163,815.200
202206 149,101.733 114.083 155,329.270
202209 157,660.221 114.831 163,174.628
202212 151,645.502 115.200 156,446.943
202303 155,723.505 116.550 158,794.028
202306 149,883.819 117.140 152,068.997
202309 151,750.397 119.111 151,414.692
202312 154,076.263 118.848 154,076.263
202403 155,203.873 118.848 155,203.873

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


NAVER  (XKRX:035420) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=182100.00/74434
=2.45

* 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 NAVER was 17.87. The lowest was 2.44. And the median was 9.26.


Be Aware

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


NAVER Cyclically Adjusted Book per Share Related Terms

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


NAVER (XKRX:035420) Business Description

Traded in Other Exchanges
N/A
Address
6, Buljeong-ro, Seongnam, Gyeonggi, Bundang-gu, KOR
Naver has been the leading search portal in South Korea for many years. The company has also been evolving into an internet platform providing a variety of internet services, such as news, dictionary, maps, digital comic content, social networking, e-commerce, videos, fintech services based on online payments, and Cloud services. Naver was also the incubator of Line, the leading mobile messaging app in Japan, Taiwan, Thailand, and Indonesia, which merged with Z Holdings (Yahoo Japan), with Naver now owning 32.5% of the merged entity. Snow, the Snapchat-like mobile app launched in 2015, has also been well received in South Korea, Japan, and other Asian countries.

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