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Kohl's (LTS:0JRL) Cyclically Adjusted Book per Share : $38.15 (As of Apr. 2024)


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What is Kohl's 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.

Kohl's's adjusted book value per share for the three months ended in Apr. 2024 was $34.380. 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 $38.15 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Kohl's's average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.00% 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 Kohl's was 27.60% per year. The lowest was 3.50% per year. And the median was 9.90% per year.

As of today (2024-06-06), Kohl's's current stock price is $22.18. Kohl's's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was $38.15. Kohl's's Cyclically Adjusted PB Ratio of today is 0.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kohl's was 3.22. The lowest was 0.36. And the median was 1.64.


Kohl's Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kohl's'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.

Kohl's Cyclically Adjusted Book per Share Chart

Kohl's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.93 33.65 34.59 28.50 36.68

Kohl's Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 42.41 33.03 41.87 36.68 38.15

Competitive Comparison of Kohl's's Cyclically Adjusted Book per Share

For the Department Stores subindustry, Kohl's'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.


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

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

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



Kohl's 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, Kohl's's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book= Book Value per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=34.38/131.7762*131.7762
=34.380

Current CPI (Apr. 2024) = 131.7762.

Kohl's Quarterly Data

Book Value per Share CPI Adj_Book
201407 28.475 100.520 37.329
201410 28.596 100.176 37.617
201501 29.806 98.604 39.833
201504 29.787 99.824 39.322
201507 28.964 100.691 37.906
201510 28.660 100.346 37.637
201601 29.522 99.957 38.920
201604 28.632 100.947 37.376
201607 28.972 101.524 37.605
201610 29.017 101.988 37.492
201701 29.753 102.456 38.267
201704 29.205 103.167 37.304
201707 29.751 103.278 37.960
201710 29.934 104.070 37.903
201801 32.256 104.578 40.645
201804 31.881 105.708 39.743
201807 32.856 106.324 40.721
201810 33.048 106.695 40.817
201901 33.908 106.200 42.074
201904 33.593 107.818 41.058
201907 34.094 108.250 41.504
201910 34.108 108.577 41.396
202001 34.936 108.841 42.298
202004 30.316 108.173 36.931
202007 30.614 109.318 36.903
202010 30.620 109.861 36.728
202101 32.886 110.364 39.266
202104 32.592 112.673 38.118
202107 34.336 115.183 39.282
202110 34.725 116.696 39.212
202201 35.580 118.619 39.526
202204 34.813 121.978 37.609
202207 35.500 125.002 37.424
202210 35.009 125.734 36.691
202301 33.901 126.223 35.392
202304 33.514 127.992 34.505
202307 33.649 128.974 34.380
202310 33.793 129.810 34.305
202401 35.163 130.124 35.609
202404 34.380 131.776 34.380

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


Kohl's  (LTS:0JRL) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.18/38.15
=0.58

* 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 Kohl's was 3.22. The lowest was 0.36. And the median was 1.64.


Be Aware

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


Kohl's Cyclically Adjusted Book per Share Related Terms

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


Kohl's (LTS:0JRL) Business Description

Industry
Address
N56 W17000 Ridgewood Drive, Menomonee Falls, WI, USA, 53051
Kohl's operates about 1,170 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 27% of its 2022 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.

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