GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kohl's Corp (STU:KHP) » Definitions » Cyclically Adjusted Book per Share

Kohl's (STU:KHP) Cyclically Adjusted Book per Share : €36.20 (As of Jan. 2024)


View and export this data going back to 2012. Start your Free Trial

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 Jan. 2024 was €32.280. 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 €36.20 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Kohl's's average Cyclically Adjusted Book Growth Rate was 1.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 (2024-05-17), Kohl's's current stock price is €23.45. Kohl's's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €36.20. Kohl's's Cyclically Adjusted PB Ratio of today is 0.65.

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 1.65.


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 29.24 27.10 31.34 32.61 36.20

Kohl's Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 32.61 33.25 33.70 34.46 36.20

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 Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=32.28/130.1244*130.1244
=32.280

Current CPI (Jan. 2024) = 130.1244.

Kohl's Quarterly Data

Book Value per Share CPI Adj_Book
201404 20.387 100.023 26.522
201407 21.043 100.520 27.240
201410 22.562 100.176 29.307
201501 25.663 98.604 33.867
201504 27.523 99.824 35.877
201507 26.329 100.691 34.025
201510 25.536 100.346 33.114
201601 27.189 99.957 35.395
201604 25.225 100.947 32.516
201607 26.220 101.524 33.607
201610 26.347 101.988 33.616
201701 27.968 102.456 35.521
201704 27.248 103.167 34.368
201707 25.795 103.278 32.500
201710 25.474 104.070 31.852
201801 26.450 104.578 32.911
201804 25.983 105.708 31.985
201807 28.125 106.324 34.421
201810 28.752 106.695 35.066
201901 29.703 106.200 36.394
201904 29.897 107.818 36.082
201907 30.412 108.250 36.557
201910 30.834 108.577 36.953
202001 31.477 108.841 37.632
202004 27.891 108.173 33.551
202007 26.634 109.318 31.703
202010 26.027 109.861 30.828
202101 26.999 110.364 31.833
202104 27.247 112.673 31.467
202107 29.048 115.183 32.816
202110 29.933 116.696 33.377
202201 31.453 118.619 34.504
202204 32.236 121.978 34.389
202207 34.897 125.002 36.327
202210 35.534 125.734 36.775
202301 31.460 126.223 32.432
202304 30.564 127.992 31.073
202307 30.418 128.974 30.689
202310 32.002 129.810 32.080
202401 32.280 130.124 32.280

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


Kohl's  (STU:KHP) 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
=23.45/36.2
=0.65

* 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 1.65.


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 (STU:KHP) Business Description

Industry
Traded in Other Exchanges
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.

Kohl's (STU:KHP) Headlines

No Headlines