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Big Lots (STU:4B3) Cyclically Adjusted Book per Share : €22.53 (As of Jan. 2024)


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What is Big Lots 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.

Big Lots's adjusted book value per share for the three months ended in Jan. 2024 was €8.937. 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 €22.53 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Big Lots's average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Big Lots was 18.30% per year. The lowest was -1.30% per year. And the median was 5.85% per year.

As of today (2024-05-23), Big Lots's current stock price is €3.18. Big Lots's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €22.53. Big Lots's Cyclically Adjusted PB Ratio of today is 0.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Big Lots was 4.73. The lowest was 0.15. And the median was 2.99.


Big Lots Cyclically Adjusted Book per Share Historical Data

The historical data trend for Big Lots'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.

Big Lots Cyclically Adjusted Book per Share Chart

Big Lots 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 13.83 14.22 18.25 21.47 22.53

Big Lots 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 21.47 21.24 21.59 21.05 22.53

Competitive Comparison of Big Lots's Cyclically Adjusted Book per Share

For the Discount Stores subindustry, Big Lots'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.


Big Lots's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Big Lots's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Big Lots 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, Big Lots'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)
=8.937/130.1244*130.1244
=8.937

Current CPI (Jan. 2024) = 130.1244.

Big Lots Quarterly Data

Book Value per Share CPI Adj_Book
201404 10.888 100.023 14.165
201407 11.050 100.520 14.304
201410 10.624 100.176 13.800
201501 12.848 98.604 16.955
201504 13.944 99.824 18.177
201507 11.874 100.691 15.345
201510 11.568 100.346 15.001
201601 13.514 99.957 17.593
201604 11.806 100.947 15.218
201607 11.144 101.524 14.283
201610 11.203 101.988 14.294
201701 13.818 102.456 17.550
201704 13.830 103.167 17.444
201707 12.016 103.278 15.140
201710 11.505 104.070 14.385
201801 13.096 104.578 16.295
201804 13.265 105.708 16.329
201807 12.967 106.324 15.870
201810 12.878 106.695 15.706
201901 15.162 106.200 18.578
201904 14.779 107.818 17.837
201907 14.741 108.250 17.720
201910 17.654 108.577 21.157
202001 19.514 108.841 23.330
202004 20.733 108.173 24.940
202007 29.439 109.318 35.042
202010 28.793 109.861 34.104
202101 29.521 110.364 34.807
202104 30.368 112.673 35.072
202107 29.977 115.183 33.866
202110 29.637 116.696 33.047
202201 31.272 118.619 34.305
202204 31.419 121.978 33.517
202207 30.264 125.002 31.504
202210 27.426 125.734 28.384
202301 24.480 126.223 25.237
202304 17.257 127.992 17.544
202307 9.477 128.974 9.562
202310 10.152 129.810 10.177
202401 8.937 130.124 8.937

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


Big Lots  (STU:4B3) 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.

Big Lots's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.18/22.53
=0.14

* 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 Big Lots was 4.73. The lowest was 0.15. And the median was 2.99.


Be Aware

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


Big Lots Cyclically Adjusted Book per Share Related Terms

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


Big Lots (STU:4B3) Business Description

Industry
Traded in Other Exchanges
Address
4900 East Dublin-Granville Road, Columbus, OH, USA, 43081
Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.

Big Lots (STU:4B3) Headlines

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