GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marisa Lojas SA (BSP:AMAR3) » Definitions » Cyclically Adjusted Book per Share

Marisa Lojas (BSP:AMAR3) Cyclically Adjusted Book per Share : R$26.52 (As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Marisa Lojas 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.

Marisa Lojas's adjusted book value per share for the three months ended in Dec. 2023 was R$0.198. 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 R$26.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Marisa Lojas's average Cyclically Adjusted Book Growth Rate was -9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.60% 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 Marisa Lojas was 2.50% per year. The lowest was -2.80% per year. And the median was 1.40% per year.

As of today (2024-06-07), Marisa Lojas's current stock price is R$1.78. Marisa Lojas's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$26.52. Marisa Lojas's Cyclically Adjusted PB Ratio of today is 0.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Marisa Lojas was 2.44. The lowest was 0.06. And the median was 0.89.


Marisa Lojas Cyclically Adjusted Book per Share Historical Data

The historical data trend for Marisa Lojas'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.

Marisa Lojas Cyclically Adjusted Book per Share Chart

Marisa Lojas 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 28.66 28.91 29.90 29.39 26.52

Marisa Lojas Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 29.39 29.06 28.27 27.35 26.52

Competitive Comparison of Marisa Lojas's Cyclically Adjusted Book per Share

For the Apparel Retail subindustry, Marisa Lojas'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.


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

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

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



Marisa Lojas 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, Marisa Lojas's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.198/157.1481*157.1481
=0.198

Current CPI (Dec. 2023) = 157.1481.

Marisa Lojas Quarterly Data

Book Value per Share CPI Adj_Book
201403 25.150 90.447 43.697
201406 25.424 91.838 43.504
201409 25.079 92.602 42.560
201412 25.906 94.194 43.220
201503 26.436 97.799 42.479
201506 25.529 100.006 40.116
201509 25.315 101.392 39.236
201512 25.076 104.247 37.801
201603 24.519 106.979 36.018
201606 23.979 108.851 34.619
201609 22.976 109.986 32.828
201612 22.673 110.802 32.157
201703 23.012 111.869 32.326
201706 22.562 112.115 31.625
201709 21.473 112.777 29.921
201712 21.508 114.068 29.631
201803 20.470 114.868 28.004
201806 19.758 117.038 26.529
201809 18.474 117.881 24.628
201812 21.842 118.340 29.005
201903 20.943 120.124 27.398
201906 20.306 120.977 26.377
201909 18.848 121.292 24.420
201912 24.915 123.436 31.720
202003 23.158 124.092 29.327
202006 20.181 123.557 25.668
202009 17.930 125.095 22.524
202012 17.350 129.012 21.134
202103 16.540 131.660 19.742
202106 15.384 133.871 18.059
202109 16.290 137.913 18.562
202112 16.425 141.992 18.178
202203 0.000 146.537 0.000
202206 15.604 149.784 16.371
202209 14.213 147.800 15.112
202212 7.632 150.207 7.985
202303 5.375 153.352 5.508
202306 4.439 154.519 4.515
202309 1.573 155.464 1.590
202312 0.198 157.148 0.198

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


Marisa Lojas  (BSP:AMAR3) 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.

Marisa Lojas's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.78/26.52
=0.07

* 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 Marisa Lojas was 2.44. The lowest was 0.06. And the median was 0.89.


Be Aware

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


Marisa Lojas Cyclically Adjusted Book per Share Related Terms

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


Marisa Lojas (BSP:AMAR3) Business Description

Traded in Other Exchanges
N/A
Address
Rua James Holland, 422, Barra Funda, Sao Paulo, SP, BRA, 1138050
Marisa Lojas SA is a retail stores operator in Brazil. Its stores offer products related to fashion, underwear, footwear, and accessories for women, men, and children. Its products also include beds, tablecloths, children's bathrobes and towels for home use. The company's income derives from three operating segments. The retail segment, which is the key revenue generator, includes the sale of clothing items, perfumes, beauty products, and watches, in physical stores and e-commerce. The credit card transactions segment is managed by the subsidiary and offered to the company's clients for the credit purchase of products, insurance, and payment of bills. The consumer credit segment offers personal loans to the company's consumers.

Marisa Lojas (BSP:AMAR3) Headlines

No Headlines