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Rocky Brands (FRA:RCK) Cyclically Adjusted PB Ratio : 1.27 (As of May. 17, 2024)


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What is Rocky Brands Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Rocky Brands's current share price is €33.40. Rocky Brands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €26.26. Rocky Brands's Cyclically Adjusted PB Ratio for today is 1.27.

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

FRA:RCK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.04   Max: 3.18
Current: 1.41

During the past years, Rocky Brands's highest Cyclically Adjusted PB Ratio was 3.18. The lowest was 0.48. And the median was 1.04.

FRA:RCK's Cyclically Adjusted PB Ratio is ranked worse than
60.45% of 665 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.01 vs FRA:RCK: 1.41

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.

Rocky Brands's adjusted book value per share data for the three months ended in Mar. 2024 was €27.943. 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 €26.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rocky Brands Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Rocky Brands'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.

Rocky Brands Cyclically Adjusted PB Ratio Chart

Rocky Brands 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 1.54 1.40 1.79 0.97 1.16

Rocky Brands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.92 0.82 0.57 1.16 1.04

Competitive Comparison of Rocky Brands's Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, Rocky Brands'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.


Rocky Brands's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rocky Brands's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Rocky Brands 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.

Rocky Brands's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.40/26.26
=1.27

* 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.

Rocky Brands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Rocky Brands's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=27.943/131.7762*131.7762
=27.943

Current CPI (Mar. 2024) = 131.7762.

Rocky Brands Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.888 100.560 16.889
201409 13.836 100.428 18.155
201412 14.861 99.070 19.767
201503 17.003 99.621 22.491
201506 16.541 100.684 21.649
201509 16.662 100.392 21.871
201512 17.241 99.792 22.767
201603 16.721 100.470 21.931
201606 16.361 101.688 21.202
201609 16.362 101.861 21.167
201612 17.256 101.863 22.323
201703 17.082 102.862 21.884
201706 16.333 103.349 20.826
201709 15.584 104.136 19.720
201712 16.114 104.011 20.416
201803 15.748 105.290 19.710
201806 16.827 106.317 20.857
201809 17.329 106.507 21.440
201812 18.082 105.998 22.479
201903 18.529 107.251 22.766
201906 18.797 108.070 22.920
201909 19.855 108.329 24.152
201912 20.148 108.420 24.488
202003 20.308 108.902 24.574
202006 20.114 108.767 24.369
202009 20.003 109.815 24.003
202012 20.359 109.897 24.412
202103 21.213 111.754 25.013
202106 21.321 114.631 24.510
202109 21.676 115.734 24.681
202112 23.979 117.630 26.863
202203 25.392 121.301 27.585
202206 26.449 125.017 27.879
202209 28.874 125.227 30.384
202212 27.716 125.222 29.167
202303 27.243 127.348 28.190
202306 26.448 128.729 27.074
202309 27.574 129.860 27.981
202312 27.656 129.419 28.160
202403 27.943 131.776 27.943

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.


Rocky Brands  (FRA:RCK) 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.


Rocky Brands Cyclically Adjusted PB Ratio Related Terms

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


Rocky Brands (FRA:RCK) Business Description

Traded in Other Exchanges
Address
39 East Canal Street, Nelsonville, OH, USA, 45764
Rocky Brands Inc acts as a designer, manufacturer, and marketer of premium-quality footwear and apparel. The company's family of brands includes Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation, and the licensed brand Michelin footwear. The company operates its business through three business segments: Wholesale, Retail and Contract. It generates majority of the revenue from Wholesale segment.

Rocky Brands (FRA:RCK) Headlines

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