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Shutterfly (Shutterfly) Cyclically Adjusted PB Ratio : (As of May. 06, 2024)


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What is Shutterfly Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shutterfly Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shutterfly's Cyclically Adjusted PB Ratio 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.

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Shutterfly Cyclically Adjusted PB Ratio Chart

Shutterfly Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted PB Ratio
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Shutterfly Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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Competitive Comparison of Shutterfly's Cyclically Adjusted PB Ratio

For the Personal Services subindustry, Shutterfly'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.


Shutterfly's Cyclically Adjusted PB Ratio Distribution in the Personal Services Industry

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

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



Shutterfly Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Shutterfly's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2019 is calculated as:

For example, Shutterfly's adjusted Book Value per Share data for the three months ended in Jun. 2019 was:

Adj_Book=Book Value per Share/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=17.352/108.0695*108.0695
=17.352

Current CPI (Jun. 2019) = 108.0695.

Shutterfly Quarterly Data

Book Value per Share CPI Adj_Book
200909 7.040 91.120 8.350
200912 8.305 91.111 9.851
201003 8.322 91.821 9.795
201006 8.257 91.962 9.703
201009 8.249 92.162 9.673
201012 9.644 92.474 11.270
201103 9.902 94.283 11.350
201106 16.446 95.235 18.662
201109 16.442 95.727 18.562
201112 17.480 95.213 19.840
201203 17.634 96.783 19.690
201206 17.583 96.819 19.626
201209 17.441 97.633 19.305
201212 19.013 96.871 21.211
201303 18.808 98.209 20.696
201306 19.344 98.518 21.219
201309 19.223 98.790 21.029
201312 20.633 98.326 22.678
201403 19.565 99.695 21.209
201406 18.989 100.560 20.407
201409 17.981 100.428 19.349
201412 19.992 99.070 21.808
201503 18.600 99.621 20.177
201506 15.512 100.684 16.650
201509 14.714 100.392 15.839
201512 17.427 99.792 18.872
201603 15.862 100.470 17.062
201606 14.988 101.688 15.929
201609 14.087 101.861 14.946
201612 16.623 101.863 17.636
201703 16.064 102.862 16.877
201706 15.008 103.349 15.693
201709 13.927 104.136 14.453
201712 17.052 104.011 17.717
201803 16.774 105.290 17.217
201806 16.306 106.317 16.575
201809 14.529 106.507 14.742
201812 20.027 105.998 20.418
201903 17.513 107.251 17.647
201906 17.352 108.070 17.352

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


Shutterfly  (NAS:SFLY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Shutterfly Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Shutterfly's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Shutterfly (Shutterfly) Business Description

Traded in Other Exchanges
N/A
Address
2800 Bridge Parkway, Redwood City, CA, USA, 94065
Shutterfly Inc. is a personal services company that primarily manufactures and retails photo-based products and services for customers in the United States through its portfolio of brands. The company segments its activities into Consumer, Enterprise, and Corporate units. Shutterfly derives the vast majority of its revenue from its Consumer division, which produces and sells professionally bound photo books, greeting and stationary cards, personalized calendars, and prints. These products are all manufactured in the company's facilities located in the United States. Shutterfly also retails photo-based merchandise such as mugs, candles, pillows, and blankets that are manufactured by third-party firms. Substantially all of the company's sales are from the United States.
Executives
Betsy Rafael director 550 MERIDIAN AVENUE, SAN JOSE CA 95126
Ann Mather director
Henry Tayloe Stansbury director 807 11TH AVENUE, SUNNYVALE CA 94089
Michael W Pope officer: SVP & Chief Financial Officer 601 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Ohara director, officer: President and CEO 6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
William J Lansing director NET PERCEPTIONS, INC, 7700 FRANCE AVENUE SOUTH, EDINA MN 55435
Scott Arnold officer: President, Shutterfly Ent. 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Elizabeth P Sartain director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Maureen M. Mericle officer: SVP, Chief Marketing Officer C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
James A Hilt officer: President, Shutterfly Consumer 1 EXPRESS DRIVE, COLUMBUS OH 43230
Michael P Zeisser director
Eva Manolis director C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
Lisa Blackwood-kapral officer: Chief Accounting Officer C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Jeffrey T Housenbold director, officer: PRESIDENT & CEO 303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
Brian M Regan officer: SVP, Chief Financial Officer C/O TICKETMASTER 8800 WEST SUNSET BLVD. WEST HOLLYWOOD CA 90069