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George Weston (TSX:WN) Cyclically Adjusted Book per Share : C$56.10 (As of Mar. 2024)


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What is George Weston 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.

George Weston's adjusted book value per share for the three months ended in Mar. 2024 was C$42.194. 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 C$56.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, George Weston's average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 George Weston was 11.60% per year. The lowest was 0.20% per year. And the median was 3.55% per year.

As of today (2024-05-13), George Weston's current stock price is C$190.82. George Weston's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$56.10. George Weston's Cyclically Adjusted PB Ratio of today is 3.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of George Weston was 3.39. The lowest was 1.66. And the median was 2.19.


George Weston Cyclically Adjusted Book per Share Historical Data

The historical data trend for George Weston'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.

George Weston Cyclically Adjusted Book per Share Chart

George Weston 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 51.79 50.81 52.73 55.14 56.43

George Weston 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 55.80 56.34 56.62 56.43 56.10

Competitive Comparison of George Weston's Cyclically Adjusted Book per Share

For the Grocery Stores subindustry, George Weston'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.


George Weston's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

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

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



George Weston 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, George Weston'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)
=42.194/125.4675*125.4675
=42.194

Current CPI (Mar. 2024) = 125.4675.

George Weston Quarterly Data

Book Value per Share CPI Adj_Book
201406 49.648 99.473 62.622
201409 49.402 99.394 62.361
201412 50.602 98.367 64.543
201503 51.728 99.789 65.039
201506 51.380 100.500 64.144
201509 52.966 100.421 66.176
201512 53.776 99.947 67.507
201603 52.351 101.054 64.999
201606 52.370 102.002 64.418
201609 54.103 101.765 66.705
201612 54.316 101.449 67.176
201703 54.309 102.634 66.392
201706 54.237 103.029 66.049
201709 55.867 103.345 67.826
201712 55.642 103.345 67.553
201803 55.167 105.004 65.918
201806 54.881 105.557 65.233
201809 54.466 105.636 64.691
201812 47.095 105.399 56.062
201903 42.454 106.979 49.791
201906 42.782 107.690 49.844
201909 42.179 107.611 49.178
201912 44.199 107.769 51.457
202003 47.790 107.927 55.557
202006 45.005 108.401 52.090
202009 45.786 108.164 53.110
202012 45.900 108.559 53.049
202103 44.428 110.298 50.538
202106 42.842 111.720 48.114
202109 41.526 112.905 46.146
202112 41.842 113.774 46.142
202203 41.756 117.646 44.532
202206 42.902 120.806 44.557
202209 46.303 120.648 48.153
202212 42.852 120.964 44.447
202303 43.959 122.702 44.950
202306 44.757 124.203 45.213
202309 46.015 125.230 46.102
202312 43.579 125.468 43.579
202403 42.194 125.468 42.194

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


George Weston  (TSX:WN) 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.

George Weston's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=190.82/56.1
=3.40

* 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 George Weston was 3.39. The lowest was 1.66. And the median was 2.19.


Be Aware

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


George Weston Cyclically Adjusted Book per Share Related Terms

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


George Weston (TSX:WN) Business Description

Address
22 St. Clair Avenue East, Suite 1901, Toronto, ON, CAN, M4T 2S7
George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages 702 commercial and residential properties in Canada, generating 57% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.
Executives
Richard Dufresne Senior Officer

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