GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The Kroger Co (NYSE:KR) » Definitions » Cyclically Adjusted Book per Share

KR (The Kroger Co) Cyclically Adjusted Book per Share : $13.12 (As of Apr. 2025)


View and export this data going back to 1951. Start your Free Trial

What is The Kroger Co 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.

The Kroger Co's adjusted book value per share for the three months ended in Apr. 2025 was $13.378. 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 $13.12 for the trailing ten years ended in Apr. 2025.

During the past 12 months, The Kroger Co'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 13.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.20% 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 The Kroger Co was 109.50% per year. The lowest was 4.00% per year. And the median was 11.60% per year.

As of today (2025-07-05), The Kroger Co's current stock price is $69.83. The Kroger Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was $13.12. The Kroger Co's Cyclically Adjusted PB Ratio of today is 5.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Kroger Co was 9.41. The lowest was 3.46. And the median was 4.80.


The Kroger Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Kroger Co'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.

The Kroger Co Cyclically Adjusted Book per Share Chart

The Kroger Co Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.51 8.89 10.40 11.54 12.84

The Kroger Co Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 12.01 12.32 12.64 12.84 13.12

Competitive Comparison of The Kroger Co's Cyclically Adjusted Book per Share

For the Grocery Stores subindustry, The Kroger Co'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 Kroger Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

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

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


;
;

The Kroger Co 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, The Kroger Co's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=13.378/135.3468*135.3468
=13.378

Current CPI (Apr. 2025) = 135.3468.

The Kroger Co Quarterly Data

Book Value per Share CPI Adj_Book
201507 6.118 100.691 8.224
201510 6.492 100.346 8.756
201601 7.053 99.957 9.550
201604 6.716 100.947 9.005
201607 6.966 101.524 9.287
201610 7.079 101.988 9.394
201701 7.249 102.456 9.576
201704 6.733 103.167 8.833
201707 6.897 103.278 9.039
201710 7.077 104.070 9.204
201801 7.967 104.578 10.311
201804 8.575 105.708 10.979
201807 9.252 106.324 11.777
201810 9.589 106.695 12.164
201901 9.882 106.200 12.594
201904 10.637 107.818 13.353
201907 10.862 108.250 13.581
201910 11.116 108.577 13.857
202001 10.916 108.841 13.574
202004 11.900 108.173 14.889
202007 0.000 109.318 0.000
202010 13.146 109.861 16.196
202101 12.633 110.364 15.493
202104 12.216 112.673 14.674
202107 12.470 115.183 14.653
202110 12.898 116.696 14.959
202201 13.001 118.619 14.834
202204 12.932 121.978 14.349
202207 13.487 125.002 14.603
202210 13.904 125.734 14.967
202301 14.025 126.223 15.039
202304 15.195 127.992 16.068
202307 14.758 128.974 15.487
202310 15.568 129.810 16.232
202401 16.132 130.124 16.779
202404 17.067 132.289 17.461
202407 17.314 132.708 17.658
202410 17.818 133.182 18.108
202501 12.561 134.029 12.685
202504 13.378 135.347 13.378

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


The Kroger Co  (NYSE:KR) 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.

The Kroger Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=69.83/13.12
=5.32

* 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 The Kroger Co was 9.41. The lowest was 3.46. And the median was 4.80.


Be Aware

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


The Kroger Co Cyclically Adjusted Book per Share Related Terms

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


The Kroger Co Business Description

Industry
Address
1014 Vine Street, Cincinnati, OH, USA, 45202
Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its own food production plants. The company also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
Executives
Christine S Wheatley officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Timothy A Massa officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Yael Cosset officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Gabriel Arreaga officer: Senior Vice President 1014 VINE STREET, CINCINNATI OH 45202
Todd A Foley officer: Vice President and Treasurer 1014 VINE STREET, CINCINNATI OH 45202
Valerie L. Jabbar officer: Senior Vice President THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Carin L Fike officer: Vice President and Treasurer 1014 VINE STREET, CINCINNATI OH 45202
Kenneth C Kimball officer: Senior Vice President C/O THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Mary Ellen Adcock officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Stuart Aitken officer: Group Vice President C/O JOURNAL MEDIA GROUP, INC., 333 WEST STATE STREET, MILWAUKEE WI 53203
Gary Millerchip officer: Senior Vice President and CFO 1014 VINE STREET, CINCINNATI OH 45202
Calvin J Kaufman officer: Group Vice President THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Mark C Tuffin officer: Senior Vice President THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Elaine L. Chao director C/O DOLE FOOD COMPANY, INC., ONE DOLE DRIVE, WESTLAKE VILLAGE CA 91362
Michael Joseph Donnelly officer: Senior Vice President