GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NAVER Corp (OTCPK:NHNCF) » Definitions » Cyclically Adjusted Book per Share

NAVER (NHNCF) Cyclically Adjusted Book per Share : $45.68 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

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 $116.548. 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 $45.68 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 (2024-06-10), NAVER's current stock price is $115.00. NAVER's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $45.68. NAVER's Cyclically Adjusted PB Ratio of today is 2.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NAVER was 17.87. The lowest was 2.29. 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 - - - 35.42 36.39

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 33.48 39.57 38.51 36.39 45.68

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)
=116.548/118.8477*118.8477
=116.548

Current CPI (Mar. 2024) = 118.8477.

NAVER Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.253 99.353 13.461
201409 12.226 99.608 14.588
201412 11.056 99.098 13.259
201503 11.701 99.720 13.945
201506 12.697 100.050 15.083
201509 13.005 100.110 15.439
201512 12.434 100.220 14.745
201603 12.891 100.560 15.235
201606 14.348 100.790 16.919
201609 22.960 101.460 26.895
201612 21.095 101.560 24.686
201703 22.902 102.850 26.464
201706 26.580 102.610 30.786
201709 27.516 103.490 31.599
201712 29.947 102.990 34.558
201803 30.740 104.100 35.095
201806 31.705 104.130 36.186
201809 31.547 105.650 35.488
201812 31.937 104.350 36.374
201903 32.095 104.490 36.505
201906 32.169 104.880 36.453
201909 32.715 105.200 36.959
201912 33.977 105.120 38.414
202003 37.500 105.540 42.228
202006 39.405 104.870 44.657
202009 37.761 106.200 42.258
202012 45.677 105.765 51.327
202103 131.745 107.357 145.846
202106 136.529 107.579 150.831
202109 135.566 108.759 148.141
202112 133.155 109.676 144.290
202203 126.232 111.806 134.183
202206 116.722 114.083 121.597
202209 112.907 114.831 116.856
202212 117.231 115.200 120.943
202303 119.236 116.550 121.587
202306 115.540 117.140 117.224
202309 113.736 119.111 113.484
202312 118.121 118.848 118.121
202403 116.548 118.848 116.548

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


NAVER  (OTCPK:NHNCF) 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
=115.00/45.68
=2.52

* 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 2.29. 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 (NHNCF) Business Description

Traded in Other Exchanges
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.