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Qurate Retail (WBO:QRTE) Cyclically Adjusted Book per Share : €10.46 (As of Mar. 2024)


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What is Qurate Retail 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.

Qurate Retail's adjusted book value per share for the three months ended in Mar. 2024 was €0.591. 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 €10.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Qurate Retail's average Cyclically Adjusted Book Growth Rate was -9.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.80% 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 Qurate Retail was 1.00% per year. The lowest was -3.50% per year. And the median was 0.15% per year.

As of today (2024-05-19), Qurate Retail's current stock price is €0.699. Qurate Retail's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.46. Qurate Retail's Cyclically Adjusted PB Ratio of today is 0.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Qurate Retail was 2.23. The lowest was 0.04. And the median was 0.92.


Qurate Retail Cyclically Adjusted Book per Share Historical Data

The historical data trend for Qurate Retail'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.

Qurate Retail Cyclically Adjusted Book per Share Chart

Qurate Retail 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 11.94 10.32 11.57 11.39 10.42

Qurate Retail 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 11.25 11.08 11.62 10.42 10.46

Competitive Comparison of Qurate Retail's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, Qurate Retail'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.


Qurate Retail's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Qurate Retail 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, Qurate Retail'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)
=0.591/131.7762*131.7762
=0.591

Current CPI (Mar. 2024) = 131.7762.

Qurate Retail Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.360 100.560 12.266
201409 9.633 100.428 12.640
201412 7.287 99.070 9.693
201503 8.250 99.621 10.913
201506 7.913 100.684 10.357
201509 8.044 100.392 10.559
201512 9.721 99.792 12.837
201603 9.492 100.470 12.450
201606 9.465 101.688 12.266
201609 9.441 101.861 12.214
201612 10.052 101.863 13.004
201703 10.016 102.862 12.831
201706 9.873 103.349 12.589
201709 9.330 104.136 11.806
201712 17.630 104.011 22.336
201803 10.051 105.290 12.579
201806 10.557 106.317 13.085
201809 10.604 106.507 13.120
201812 11.257 105.998 13.995
201903 11.232 107.251 13.800
201906 11.545 108.070 14.078
201909 10.139 108.329 12.333
201912 10.472 108.420 12.728
202003 10.797 108.902 13.065
202006 10.986 108.767 13.310
202009 7.281 109.815 8.737
202012 7.187 109.897 8.618
202103 7.421 111.754 8.751
202106 7.622 114.631 8.762
202109 8.015 115.734 9.126
202112 6.650 117.630 7.450
202203 6.848 121.301 7.439
202206 7.606 125.017 8.017
202209 0.621 125.227 0.653
202212 1.016 125.222 1.069
202303 1.389 127.348 1.437
202306 1.474 128.729 1.509
202309 1.420 129.860 1.441
202312 0.901 129.419 0.917
202403 0.591 131.776 0.591

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


Qurate Retail  (WBO:QRTE) 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.

Qurate Retail's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.699/10.46
=0.07

* 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 Qurate Retail was 2.23. The lowest was 0.04. And the median was 0.92.


Be Aware

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


Qurate Retail Cyclically Adjusted Book per Share Related Terms

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


Qurate Retail (WBO:QRTE) Business Description

Traded in Other Exchanges
Address
12300 Liberty Boulevard, Englewood, CO, USA, 80112
Qurate Retail Inc, through its subsidiaries, is engaged in the video and online commerce industries. Its segments include QxH, which includes QVC U.S. and HSN market and sell a wide variety of consumer products in the United States, primarily using their televised shopping programs and via the Internet through their websites and mobile applications; QVC International segment markets and sells a wide variety of consumer products in several foreign countries, primarily using its televised shopping programs and via the Internet through its international websites and mobile applications; and Zulily markets and sells a wide variety of consumer products in the United States and several foreign countries. Its geographical segments include the U.S, Japan, Germany, and Other countries.

Qurate Retail (WBO:QRTE) Headlines

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