GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crocs Inc (NAS:CROX) » Definitions » Cyclically Adjusted Book per Share

Crocs (CROX) Cyclically Adjusted Book per Share : $6.59 (As of Dec. 2023)


View and export this data going back to 2006. Start your Free Trial

What is Crocs 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.

Crocs's adjusted book value per share for the three months ended in Dec. 2023 was $24.032. 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 $6.59 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Crocs's average Cyclically Adjusted Book Growth Rate was 21.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.60% 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 Crocs was 10.50% per year. The lowest was -2.40% per year. And the median was -0.40% per year.

As of today (2024-04-28), Crocs's current stock price is $125.40. Crocs's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $6.59. Crocs's Cyclically Adjusted PB Ratio of today is 19.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Crocs was 35.48. The lowest was 1.10. And the median was 5.24.


Crocs Cyclically Adjusted Book per Share Historical Data

The historical data trend for Crocs'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.

Crocs Cyclically Adjusted Book per Share Chart

Crocs 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 4.99 4.88 5.01 5.41 6.59

Crocs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.41 5.66 5.96 6.25 6.59

Competitive Comparison of Crocs's Cyclically Adjusted Book per Share

For the Footwear & Accessories subindustry, Crocs'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.


Crocs's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crocs's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Crocs 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, Crocs'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)
=24.032/129.4194*129.4194
=24.032

Current CPI (Dec. 2023) = 129.4194.

Crocs Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.074 99.695 9.183
201406 7.271 100.560 9.358
201409 6.946 100.428 8.951
201412 5.763 99.070 7.528
201503 5.252 99.621 6.823
201506 5.315 100.684 6.832
201509 4.542 100.392 5.855
201512 3.376 99.792 4.378
201603 3.546 100.470 4.568
201606 3.780 101.688 4.811
201609 3.732 101.861 4.742
201612 2.994 101.863 3.804
201703 3.164 102.862 3.981
201706 3.380 103.349 4.233
201709 3.297 104.136 4.098
201712 2.702 104.011 3.362
201803 2.686 105.290 3.302
201806 2.911 106.317 3.544
201809 2.915 106.507 3.542
201812 2.051 105.998 2.504
201903 1.708 107.251 2.061
201906 1.608 108.070 1.926
201909 1.713 108.329 2.046
201912 1.934 108.420 2.309
202003 1.397 108.902 1.660
202006 2.324 108.767 2.765
202009 3.379 109.815 3.982
202012 4.410 109.897 5.193
202103 5.004 111.754 5.795
202106 5.749 114.631 6.491
202109 5.737 115.734 6.415
202112 0.242 117.630 0.266
202203 5.668 121.301 6.047
202206 7.986 125.017 8.267
202209 10.224 125.227 10.566
202212 13.257 125.222 13.701
202303 15.621 127.348 15.875
202306 19.168 128.729 19.271
202309 19.741 129.860 19.674
202312 24.032 129.419 24.032

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


Crocs  (NAS:CROX) 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.

Crocs's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=125.40/6.59
=19.03

* 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 Crocs was 35.48. The lowest was 1.10. And the median was 5.24.


Be Aware

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


Crocs Cyclically Adjusted Book per Share Related Terms

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


Crocs (CROX) Business Description

Traded in Other Exchanges
Address
13601 Via Varra, Broomfield, CO, USA, 80020
Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include Americas, Asia pacific, and EMEA.
Executives
Adam Michaels officer: EVP, Chief Digital Officer C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Michelle Poole officer: EVP CP&M Officer C/O CROCS, INC., 7477 DRY CREEK PARKWAY, NIWOT CO 80503
Shannon Sisler officer: EVP, Chief People Officer C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Douglas J Treff director 3231 S.E. SIXTH AVENUE, TOPEKA KS 66607
Anne Mehlman officer: CFO C/O CROCS, INC., 7477 E DRY CREEK PARKWAY, NIWOT CO 80503
Thomas J Smach director C/O FLEXTRONICS INTERNATIONAL LTD, 2090 FORTUNE DRIVE, SAN JOSE CA 95131
Thomas Britt officer: EVP, Chief Information Officer C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Andrew Rees officer: President C/O CROCS, INC., 7477 DRY CREEK PARKWAY, NIWOT CO 80503
Ian Bickley director 516 WEST 34TH STREET, NEW YORK NY 10001
Daniel P Hart officer: EVP-Admin. & Corp. Development 7477 E. DRY CREEK PARKWAY, NIWOT CO 80503
Richard Blackshaw officer: EVP, Brand President C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Ronald Frasch director NEIMAN MARCUS GROUP, 1618 MAIN ST, DALLAS TX 75201
Charisse Ford Hughes director C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Beth J Kaplan director 1716 LOCUST STREET, DES MOINES IA 50309
Elaine L Boltz officer: Chief Operations Officer C/O CROCS, INC., 7477 E DRY CREEK PARKWAY, NIWOT CO 80503