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Big Lots (LTS:0HN5) Cyclically Adjusted PB Ratio : 0.14 (As of May. 22, 2024)


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What is Big Lots Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Big Lots's current share price is $3.365. Big Lots's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $24.49. Big Lots's Cyclically Adjusted PB Ratio for today is 0.14.

The historical rank and industry rank for Big Lots's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0HN5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 2.99   Max: 4.73
Current: 0.15

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

LTS:0HN5's Cyclically Adjusted PB Ratio is ranked better than
96.35% of 219 companies
in the Retail - Defensive industry
Industry Median: 1.58 vs LTS:0HN5: 0.15

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 adjusted book value per share data for the three months ended in Jan. 2024 was $9.735. 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 $24.49 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Big Lots Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Big Lots's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Big Lots Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 3.45 2.03 0.70 0.24

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 PB Ratio 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 0.70 0.38 0.43 0.19 0.24

Competitive Comparison of Big Lots's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.365/24.49
=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.

Big Lots's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

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)
=9.735/130.1244*130.1244
=9.735

Current CPI (Jan. 2024) = 130.1244.

Big Lots Quarterly Data

Book Value per Share CPI Adj_Book
201404 15.039 100.023 19.565
201407 14.952 100.520 19.356
201410 13.465 100.176 17.491
201501 14.922 98.604 19.692
201504 15.091 99.824 19.672
201507 13.062 100.691 16.880
201510 12.983 100.346 16.836
201601 14.673 99.957 19.101
201604 13.401 100.947 17.274
201607 12.314 101.524 15.783
201610 12.338 101.988 15.742
201701 14.701 102.456 18.671
201704 14.823 103.167 18.696
201707 13.859 103.278 17.462
201710 13.519 104.070 16.904
201801 15.971 104.578 19.872
201804 16.276 105.708 20.035
201807 15.148 106.324 18.539
201810 14.803 106.695 18.054
201901 17.308 106.200 21.207
201904 16.606 107.818 20.042
201907 16.526 108.250 19.865
201910 19.529 108.577 23.405
202001 21.658 108.841 25.893
202004 22.536 108.173 27.109
202007 33.838 109.318 40.279
202010 33.874 109.861 40.122
202101 35.957 110.364 42.395
202104 36.326 112.673 41.952
202107 35.434 115.183 40.030
202110 34.382 116.696 38.338
202201 35.376 118.619 38.807
202204 33.930 121.978 36.196
202207 30.787 125.002 32.049
202210 27.021 125.734 27.964
202301 26.379 126.223 27.194
202304 18.922 127.992 19.237
202307 10.483 128.974 10.576
202310 10.721 129.810 10.747
202401 9.735 130.124 9.735

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


Big Lots  (LTS:0HN5) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Big Lots Cyclically Adjusted PB Ratio Related Terms

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


Big Lots (LTS:0HN5) Business Description

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 (LTS:0HN5) Headlines

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