GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Carter's Inc (NYSE:CRI) » Definitions » Cyclically Adjusted PB Ratio

Carter's (Carter's) Cyclically Adjusted PB Ratio : 3.17 (As of Apr. 28, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Carter's Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Carter's's current share price is $70.01. Carter's's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $22.11. Carter's's Cyclically Adjusted PB Ratio for today is 3.17.

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

CRI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.91   Med: 6.29   Max: 9.31
Current: 3.17

During the past years, Carter's's highest Cyclically Adjusted PB Ratio was 9.31. The lowest was 2.91. And the median was 6.29.

CRI's Cyclically Adjusted PB Ratio is ranked worse than
79.64% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs CRI: 3.17

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.

Carter's's adjusted book value per share data for the three months ended in Dec. 2023 was $23.125. 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 $22.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carter's Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Carter's'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.

Carter's Cyclically Adjusted PB Ratio Chart

Carter's 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 6.47 5.33 5.12 3.52 3.39

Carter's Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.52 3.34 3.34 3.14 3.39

Competitive Comparison of Carter's's Cyclically Adjusted PB Ratio

For the Apparel Retail subindustry, Carter'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.


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

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

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



Carter's 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.

Carter's's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=70.01/22.11
=3.17

* 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.

Carter's's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Carter's's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=23.125/129.4194*129.4194
=23.125

Current CPI (Dec. 2023) = 129.4194.

Carter's Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.567 99.695 17.612
201406 13.512 100.560 17.390
201409 14.187 100.428 18.283
201412 27.669 99.070 36.145
201503 15.313 99.621 19.893
201506 15.343 100.684 19.722
201509 16.187 100.392 20.867
201512 16.905 99.792 21.924
201603 16.574 100.470 21.350
201606 15.274 101.688 19.439
201609 15.640 101.861 19.871
201612 16.101 101.863 20.457
201703 15.911 102.862 20.019
201706 15.632 103.349 19.575
201709 16.280 104.136 20.233
201712 18.174 104.011 22.614
201803 18.144 105.290 22.302
201806 17.402 106.317 21.183
201809 17.619 106.507 21.409
201812 19.054 105.998 23.264
201903 18.718 107.251 22.587
201906 18.452 108.070 22.097
201909 18.351 108.329 21.924
201912 20.020 108.420 23.898
202003 16.418 108.902 19.511
202006 16.804 108.767 19.995
202009 18.829 109.815 22.190
202012 21.426 109.897 25.232
202103 23.428 111.754 27.131
202106 24.937 114.631 28.154
202109 24.562 115.734 27.466
202112 23.091 117.630 25.405
202203 22.569 121.301 24.079
202206 20.879 125.017 21.614
202209 20.496 125.227 21.182
202212 21.129 125.222 21.837
202303 21.109 127.348 21.452
202306 20.747 128.729 20.858
202309 21.242 129.860 21.170
202312 23.125 129.419 23.125

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.


Carter's  (NYSE:CRI) 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.


Carter's Cyclically Adjusted PB Ratio Related Terms

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


Carter's (Carter's) Business Description

Traded in Other Exchanges
Address
3438 Peachtree Road North East, Phipps Tower, Suite 1800, Atlanta, GA, USA, 30326
Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products through a multi-channel business model, which includes retail stores, eCommerce, and wholesale sales channels, as well as retail omnichannel capabilities in the United States and Canada, which enables it to reach a broad range of consumers around the world. The company operates in three segments; U.S. Retail, U.S. Wholesale, and International. The majority of Carter's sales are in the U.S. and through Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.
Executives
Michael Dennis Casey director, officer: Chairman and CEO 1170 PEACHTREE STREE NE STE 900, ATLANTA GA 30309
Julie D'emilio officer: EVP, Sales 3438 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Ben Pivar officer: SVP, CIO 3438 PEACHTREE ROAD NE, SUITE 1800, ATLANTA GA 30326
Richard F. Westenberger officer: EVP and CFO 1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309
Brian Lynch officer: President, Carter's, Inc. 1170 PEACHTREE ST., ATLANTA GA 30309
Kendra Krugman officer: EVP, Merchandising and Design 3438 PEACHTREE ROAD NE, SUITE 1800, ATLANTA GA 30326
Jeff Jenkins officer: EVP Global Marketing 3438 PEACHTREE ROAD NE, ATLANTA GA 30306
Jill Wilson officer: SVP HR and Talent Development 1170 PEACHTREE ST., ATLANTA GA 30309
William J Montgoris director C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563
Karen Marie Smith officer: EVP Supply Chain 15960 MEADOW KING WAY, MILTON GA 30004
Stacey Rauch director C/O ASCENA RETAIL GROUP, INC., 933 MACARTHUR BOULEVARD, MAHWAH NJ 07430
Jeffrey Harry Black director ONE CARRIER PLACE, FARMINGTON CT 06032
Rochester Jr. Anderson director 268 LASSITER DRIVE, ELLENWOOD GA 30294
Stephanie Stahl director C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
Scott F. Duggan officer: SVP, Gen Counsel & Secy C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408