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The ODP (The ODP) Cyclically Adjusted PB Ratio : 1.26 (As of Apr. 28, 2024)


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What is The ODP Cyclically Adjusted PB Ratio?

As of today (2024-04-28), The ODP's current share price is $51.39. The ODP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $40.85. The ODP's Cyclically Adjusted PB Ratio for today is 1.26.

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

ODP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.92   Max: 1.52
Current: 1.26

During the past years, The ODP's highest Cyclically Adjusted PB Ratio was 1.52. The lowest was 0.38. And the median was 0.92.

ODP's Cyclically Adjusted PB Ratio is ranked worse than
52.86% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs ODP: 1.26

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.

The ODP's adjusted book value per share data for the three months ended in Dec. 2023 was $29.789. 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 $40.85 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


The ODP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The ODP'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.

The ODP Cyclically Adjusted PB Ratio Chart

The ODP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.84 1.04 1.14 1.38

The ODP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.14 1.10 1.13 1.11 1.38

Competitive Comparison of The ODP's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, The ODP'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.


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

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

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



The ODP 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.

The ODP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.39/40.85
=1.26

* 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.

The ODP's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, The ODP'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)
=29.789/129.4194*129.4194
=29.789

Current CPI (Dec. 2023) = 129.4194.

The ODP Quarterly Data

Book Value per Share CPI Adj_Book
201403 36.690 99.695 47.629
201406 33.316 100.560 42.877
201409 33.010 100.428 42.539
201412 29.733 99.070 38.842
201503 29.692 99.621 38.573
201506 28.880 100.684 37.122
201509 28.794 100.392 37.120
201512 29.203 99.792 37.873
201603 30.194 100.470 38.894
201606 34.196 101.688 43.522
201609 34.994 101.861 44.462
201612 35.955 101.863 45.682
201703 34.791 102.862 43.773
201706 38.098 103.349 47.708
201709 39.565 104.136 49.171
201712 38.268 104.011 47.616
201803 38.667 105.290 47.529
201806 38.885 106.317 47.335
201809 39.971 106.507 48.570
201812 39.093 105.998 47.731
201903 38.552 107.251 46.521
201906 38.108 108.070 45.637
201909 38.922 108.329 46.499
201912 40.603 108.420 48.467
202003 40.563 108.902 48.205
202006 32.607 108.767 38.798
202009 34.079 109.815 40.163
202012 35.678 109.897 42.016
202103 35.801 111.754 41.460
202106 34.253 114.631 38.672
202109 35.715 115.734 39.938
202112 29.676 117.630 32.650
202203 30.392 121.301 32.426
202206 31.193 125.017 32.291
202209 32.073 125.227 33.147
202212 30.488 125.222 31.510
202303 29.616 127.348 30.098
202306 30.403 128.729 30.566
202309 30.697 129.860 30.593
202312 29.789 129.419 29.789

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.


The ODP  (NAS:ODP) 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.


The ODP Cyclically Adjusted PB Ratio Related Terms

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


The ODP (The ODP) Business Description

Traded in Other Exchanges
Address
6600 North Military Trail, Boca Raton, FL, USA, 33496
The ODP Corp is a provider of business services and supplies, products, and digital workplace technology solutions to small, medium-sized and enterprise businesses. The operating business segments are ODP Business Solutions Division; Office Depot Division; Veyer Division and Varis Division. It generates maximum revenue from the Veyer Division segment. The Veyer Division specializes in B2B and consumer business service delivery, with core competencies in distribution, fulfillment, transportation, global sourcing, and purchasing.
Executives
Kevin Moffitt officer: SVP, Chief Retail Officer 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Diego Anthony Scaglione officer: EVP & Chief Financial Officer 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Gerry P Smith director, officer: Chief Executive Officer 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
John Gannfors officer: EVP-Transformation & Strategic, other: Sourcing 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Zoe Maloney officer: EVP, Chief HR Officer 6600 N MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Max Hood officer: SVP & Chief Accounting Officer 6600 NORTH MILITARY TRAIL, BOCA RATON, FL FL 33496
Sarah E. Hlavinka officer: EVP-Chief Legal Officer & Secy 2111 N MOLTER RD, LIBERTY LAKE WA 99019
David C Centrella officer: EVP - Business Solutions Div 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
N. David Bleisch officer: EVP-Chief Legal Officer & Secy C/O THE ADT CORPORATION, 1501 YAMATO ROAD, BOCA RATON FL 33431
Stephen M. Mohan officer: EVP - Business Solutions Div 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Haas Richard A. Jr officer: SVP & Chief Accounting Officer 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Marcus Dunlop director 330 MADISON AVENUE, FLOOR 23, NEW YORK NY 10017
Wendy Lee Schoppert director 6105 TRENTON LANE NORTH, MINNEAPOLIS MN 55442
Terry Leeper officer: EVP, Chief Technology Officer 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Shashank Samant director 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496