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Jeronimo Martins SGPS (WAR:JMT) Cyclically Adjusted Book per Share : zł14.24 (As of Dec. 2023)


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What is Jeronimo Martins SGPS 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.

Jeronimo Martins SGPS's adjusted book value per share for the three months ended in Dec. 2023 was zł19.160. 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 zł14.24 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Jeronimo Martins SGPS's average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Jeronimo Martins SGPS was 10.40% per year. The lowest was 7.20% per year. And the median was 10.40% per year.

As of today (2024-05-26), Jeronimo Martins SGPS's current stock price is zł86.90. Jeronimo Martins SGPS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was zł14.24. Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio of today is 6.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jeronimo Martins SGPS was 8.38. The lowest was 4.76. And the median was 6.62.


Jeronimo Martins SGPS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Jeronimo Martins SGPS'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.

Jeronimo Martins SGPS Cyclically Adjusted Book per Share Chart

Jeronimo Martins SGPS 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 - - - - 14.24

Jeronimo Martins SGPS 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 - 14.29 15.43 14.24 -

Competitive Comparison of Jeronimo Martins SGPS's Cyclically Adjusted Book per Share

For the Food Distribution subindustry, Jeronimo Martins SGPS'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.


Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio falls into.



Jeronimo Martins SGPS 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, Jeronimo Martins SGPS'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)
=19.16/118.0324*118.0324
=19.160

Current CPI (Dec. 2023) = 118.0324.

Jeronimo Martins SGPS Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.452 99.788 14.729
201406 11.309 99.967 13.353
201409 11.432 99.617 13.545
201412 10.746 99.723 12.719
201503 10.068 100.097 11.872
201506 9.827 100.769 11.511
201509 10.511 100.489 12.346
201512 9.125 100.119 10.758
201603 9.845 100.547 11.557
201606 9.193 101.319 10.709
201609 11.660 101.122 13.610
201612 11.447 100.998 13.378
201703 12.389 101.924 14.347
201706 10.992 102.240 12.690
201709 12.378 102.527 14.250
201712 13.211 102.479 15.216
201803 14.368 102.626 16.525
201806 11.275 103.790 12.822
201809 12.215 103.960 13.868
201812 12.629 103.159 14.450
201903 12.983 103.495 14.807
201906 12.331 104.192 13.969
201909 12.549 103.844 14.264
201912 13.701 103.592 15.611
202003 13.470 103.544 15.355
202006 13.444 104.323 15.211
202009 14.768 103.699 16.809
202012 15.252 103.354 17.418
202103 15.230 104.014 17.283
202106 15.176 104.852 17.084
202109 15.688 105.232 17.596
202112 16.071 106.191 17.863
202203 16.084 109.559 17.328
202206 13.279 114.003 13.748
202209 13.223 114.999 13.572
202212 15.418 116.377 15.637
202303 16.505 117.701 16.551
202306 16.107 117.872 16.129
202309 16.952 119.111 16.798
202312 19.160 118.032 19.160

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


Jeronimo Martins SGPS  (WAR:JMT) 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.

Jeronimo Martins SGPS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=86.90/14.24
=6.10

* 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 Jeronimo Martins SGPS was 8.38. The lowest was 4.76. And the median was 6.62.


Be Aware

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


Jeronimo Martins SGPS Cyclically Adjusted Book per Share Related Terms

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


Jeronimo Martins SGPS (WAR:JMT) Business Description

Address
Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033
Jeronimo Martins SGPS SA operates in food distribution, agribusiness, and other businesses. The food distribution business is the group's main activity, which consists of retail and wholesale operations under the brand's Pingo Doce and Recheio in Portugal, Poland, and Colombia. The group has five segments. Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets), Portugal Cash & Carry: includes the wholesale business unit Recheio, Poland Retail: the business unit which operates under the Biedronka banner, Colombia Retail: the business unit which operates under Ara banner, & Others, eliminations and adjustments. The majority of revenue is derived from the Poland retail segment.

Jeronimo Martins SGPS (WAR:JMT) Headlines