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Best Buy Co (Best Buy Co) Cyclically Adjusted Book per Share : $16.24 (As of Jan. 2024)


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What is Best Buy Co 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.

Best Buy Co's adjusted book value per share for the three months ended in Jan. 2024 was $14.174. 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 $16.24 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Best Buy Co's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.50% 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 Best Buy Co was 28.50% per year. The lowest was 0.80% per year. And the median was 13.00% per year.

As of today (2024-04-27), Best Buy Co's current stock price is $75.05. Best Buy Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $16.24. Best Buy Co's Cyclically Adjusted PB Ratio of today is 4.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Best Buy Co was 9.15. The lowest was 1.90. And the median was 4.54.


Best Buy Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Best Buy Co'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.

Best Buy Co Cyclically Adjusted Book per Share Chart

Best Buy Co 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 14.16 14.28 14.94 15.87 16.24

Best Buy Co 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 15.87 16.13 16.23 16.31 16.24

Competitive Comparison of Best Buy Co's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, Best Buy Co'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.


Best Buy Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Best Buy Co 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, Best Buy Co'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)
=14.174/129.4194*129.4194
=14.174

Current CPI (Jan. 2024) = 129.4194.

Best Buy Co Quarterly Data

Book Value per Share CPI Adj_Book
201404 12.677 100.023 16.403
201407 12.948 100.520 16.671
201410 13.039 100.176 16.845
201501 14.212 98.604 18.654
201504 13.781 99.824 17.867
201507 13.426 100.691 17.257
201510 13.484 100.346 17.391
201601 13.522 99.957 17.508
201604 13.660 100.947 17.513
201607 13.625 101.524 17.369
201610 13.613 101.988 17.274
201701 15.136 102.456 19.119
201704 14.703 103.167 18.444
201707 14.490 103.278 18.158
201710 14.027 104.070 17.444
201801 12.764 104.578 15.796
201804 12.171 105.708 14.901
201807 11.543 106.324 14.050
201810 11.074 106.695 13.433
201901 12.442 106.200 15.162
201904 12.562 107.818 15.079
201907 12.396 108.250 14.820
201910 12.019 108.577 14.326
202001 13.564 108.841 16.129
202004 13.268 108.173 15.874
202007 14.643 109.318 17.336
202010 15.837 109.861 18.657
202101 17.848 110.364 20.930
202104 16.605 112.673 19.073
202107 17.529 115.183 19.696
202110 17.547 116.696 19.460
202201 13.281 118.619 14.490
202204 12.320 121.978 13.072
202207 12.848 125.002 13.302
202210 13.290 125.734 13.680
202301 12.815 126.223 13.140
202304 12.783 127.992 12.926
202307 13.011 128.974 13.056
202310 13.000 129.810 12.961
202401 14.174 129.419 14.174

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


Best Buy Co  (NYSE:BBY) 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.

Best Buy Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=75.05/16.24
=4.62

* 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 Best Buy Co was 9.15. The lowest was 1.90. And the median was 4.54.


Be Aware

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


Best Buy Co Cyclically Adjusted Book per Share Related Terms

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


Best Buy Co (Best Buy Co) Business Description

Traded in Other Exchanges
Address
7601 Penn Avenue South, Richfield, MN, USA, 55423
With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Executives
Richard M Schulze 10 percent owner BEST BUY CO INC, 7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344
Todd G. Hartman officer: GC, Chief Risk/Comp Officer 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
David C Kimbell director 8410 W. BRYN MAWR, CHICAGO IL 60631
Kathleen Scarlett officer: Chief Human Resources Officer 7601 PENN AVE S, RICHFIELD MN 55423
Jason J Bonfig officer: Chief Merchandising Officer 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Matthew M Bilunas officer: Chief Financial Officer C/O BEST BUY CO., INC., 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Barry Corie S officer: CFO 7601 PENN AVE S., RICHFIELD MN 55423
Mathew Watson officer: VP, Finance - Contr. & CAO 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Damien Harmon officer: Pres., Omnichannel Ops & Serv 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Sima Sistani director 675 AVENUE OF THE AMERICAS, 6TH FLOOR, NEW YORK NY 10010
Melinda D Whittington director THREE LAKES DRIVE, NORTHFIELD IL 60093
Deborah Disanzo officer: President, Best Buy Health 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Allison Peterson officer: Chief Customer Officer 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Brian A Tilzer officer: Chief Digital & Tech Officer CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
Mark A Irvin officer: Chief Supply Chain Officer 7601 PENN AVENUE, RICHFIELD MN 55423

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