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Sohu.com (WBO:2SU) Cyclically Adjusted Book per Share : €23.61 (As of Mar. 2024)


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What is Sohu.com 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.

Sohu.com's adjusted book value per share for the three months ended in Mar. 2024 was €28.548. 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 €23.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sohu.com's average Cyclically Adjusted Book Growth Rate was -2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.40% 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 Sohu.com was 35.40% per year. The lowest was -1.70% per year. And the median was 12.50% per year.

As of today (2024-05-28), Sohu.com's current stock price is €11.20. Sohu.com's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €23.61. Sohu.com's Cyclically Adjusted PB Ratio of today is 0.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sohu.com was 5.99. The lowest was 0.21. And the median was 0.82.


Sohu.com Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sohu.com'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.

Sohu.com Cyclically Adjusted Book per Share Chart

Sohu.com 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 23.87 21.16 21.24 24.12 23.43

Sohu.com 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 23.47 24.24 24.75 23.43 23.61

Competitive Comparison of Sohu.com's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, Sohu.com'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.


Sohu.com's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Sohu.com's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sohu.com 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, Sohu.com'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)
=28.548/115.2271*115.2271
=28.548

Current CPI (Mar. 2024) = 115.2271.

Sohu.com Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.872 98.200 28.011
201409 24.601 98.900 28.662
201412 25.308 99.000 29.456
201503 28.262 99.900 32.598
201506 27.076 99.500 31.356
201509 29.508 100.500 33.832
201512 29.474 100.600 33.759
201603 28.395 102.200 32.014
201606 26.623 101.400 30.253
201609 24.942 102.400 28.066
201612 24.312 102.600 27.304
201703 22.376 103.200 24.984
201706 19.642 103.100 21.952
201709 16.826 104.100 18.625
201712 16.372 104.500 18.053
201803 13.845 105.300 15.150
201806 13.560 104.900 14.895
201809 12.495 106.600 13.506
201812 13.194 106.500 14.275
201903 12.076 107.700 12.920
201906 10.742 107.700 11.493
201909 10.417 109.800 10.932
201912 9.820 111.200 10.176
202003 9.290 112.300 9.532
202006 6.534 110.400 6.820
202009 6.133 111.700 6.327
202012 7.264 111.500 7.507
202103 8.362 112.662 8.552
202106 9.629 111.769 9.927
202109 28.607 112.215 29.375
202112 29.890 113.108 30.450
202203 29.513 114.335 29.743
202206 33.090 114.558 33.283
202209 32.934 115.339 32.902
202212 31.043 115.116 31.073
202303 30.549 115.116 30.579
202306 28.469 114.558 28.635
202309 30.259 115.339 30.230
202312 29.383 114.781 29.497
202403 28.548 115.227 28.548

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


Sohu.com  (WBO:2SU) 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.

Sohu.com's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.20/23.61
=0.47

* 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 Sohu.com was 5.99. The lowest was 0.21. And the median was 0.82.


Be Aware

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


Sohu.com Cyclically Adjusted Book per Share Related Terms

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


Sohu.com (WBO:2SU) Business Description

Traded in Other Exchanges
Address
Block 3, No. 2 Kexueyuan South Road, Level 18, SOHU.com Media Plaza, Haidian District, Beijing, CHN, 100190
Sohu.com Ltd provides online media, games, and search products and services on PCs and mobile devices in China. The company operates in Sohu and Changyou segments. Sohu is a Chinese language online media content and services provider. Changyou is involved in the development, operation, and licensing of online games for PCs and mobile devices, which include massively multiplayer online role-playing games, casual games, strategy games. In addition, it operates focus.cn, which provides online real estate information and services; and 17173.com website, which provides news, electronic forums, online videos, and other online game information services to game players, as well as offers mobile game distribution services. It generates maximum revenue from the Changyou segment.

Sohu.com (WBO:2SU) Headlines

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