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Country Road (ASX:CTY) Cyclically Adjusted PB Ratio : (As of Jun. 08, 2024)


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What is Country Road Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Country Road Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Country Road'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.

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Country Road Cyclically Adjusted PB Ratio Chart

Country Road Annual Data
Trend Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Cyclically Adjusted PB Ratio
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Country Road Semi-Annual Data
Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13
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Competitive Comparison of Country Road's Cyclically Adjusted PB Ratio

For the Apparel Retail subindustry, Country Road'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.


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

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

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



Country Road 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.

Country Road's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun13 is calculated as:

For example, Country Road's adjusted Book Value per Share data for the fiscal year that ended in Jun13 was:

Adj_Book=Book Value per Share/CPI of Jun13 (Change)*Current CPI (Jun13)
=2.5/95.4725*95.4725
=2.500

Current CPI (Jun13) = 95.4725.

Country Road Annual Data

Book Value per Share CPI Adj_Book
200406 0.763 74.855 0.973
200506 0.810 76.712 1.008
200606 0.781 79.777 0.935
200706 0.999 81.449 1.171
200806 1.013 85.071 1.137
200906 1.086 86.278 1.202
201006 1.228 88.971 1.318
201106 1.328 92.129 1.376
201206 1.370 93.244 1.403
201306 2.500 95.473 2.500

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.


Country Road  (ASX:CTY) 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.


Country Road Cyclically Adjusted PB Ratio Related Terms

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Country Road (ASX:CTY) Business Description

Traded in Other Exchanges
N/A
Address
Country Road Limited is involved in the retail of fashion apparel, accessories, home wares and home furnishings. It offers dresses, jackets and coats, jeans, cosmetic bags, belts, handbags, hats and gloves, bath products, among others.

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