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RH (BSP:R2HH34) Cyclically Adjusted Book per Share : R$1.60 (As of Jan. 2024)


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What is RH 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.

RH's adjusted book value per share for the three months ended in Jan. 2024 was R$-1.334. 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 R$1.60 for the trailing ten years ended in Jan. 2024.

During the past 12 months, RH's average Cyclically Adjusted Book Growth Rate was -7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.00% 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 RH was 26.80% per year. The lowest was -1.00% per year. And the median was 19.00% per year.

As of today (2024-05-01), RH's current stock price is R$21.74. RH's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was R$1.60. RH's Cyclically Adjusted PB Ratio of today is 13.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RH was 63.94. The lowest was 2.42. And the median was 13.68.


RH Cyclically Adjusted Book per Share Historical Data

The historical data trend for RH'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.

RH Cyclically Adjusted Book per Share Chart

RH 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 - - 1.29 1.65 1.60

RH 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 1.65 1.70 1.34 1.59 1.60

Competitive Comparison of RH's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, RH'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.


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

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

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



RH 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, RH'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)
=-1.334/129.4194*129.4194
=-1.334

Current CPI (Jan. 2024) = 129.4194.

RH Quarterly Data

Book Value per Share CPI Adj_Book
201404 0.513 100.023 0.664
201407 0.578 100.520 0.744
201410 0.661 100.176 0.854
201501 0.775 98.604 1.017
201504 0.914 99.824 1.185
201507 1.076 100.691 1.383
201510 1.345 100.346 1.735
201601 1.479 99.957 1.915
201604 1.289 100.947 1.653
201607 1.201 101.524 1.531
201610 1.177 101.988 1.494
201701 1.200 102.456 1.516
201704 0.987 103.167 1.238
201707 -0.118 103.278 -0.148
201710 -0.063 104.070 -0.078
201801 -0.018 104.578 -0.022
201804 0.023 105.708 0.028
201807 0.419 106.324 0.510
201810 0.095 106.695 0.115
201901 -0.118 106.200 -0.144
201904 -0.877 107.818 -1.053
201907 -0.604 108.250 -0.722
201910 -0.228 108.577 -0.272
202001 0.067 108.841 0.080
202004 0.088 108.173 0.105
202007 0.581 109.318 0.688
202010 1.405 109.861 1.655
202101 1.908 110.364 2.237
202104 2.630 112.673 3.021
202107 3.246 115.183 3.647
202110 4.345 116.696 4.819
202201 5.025 118.619 5.483
202204 4.320 121.978 4.584
202207 4.613 125.002 4.776
202210 4.807 125.734 4.948
202301 3.086 126.223 3.164
202304 3.192 127.992 3.228
202307 -1.240 128.974 -1.244
202310 -1.544 129.810 -1.539
202401 -1.334 129.419 -1.334

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


RH  (BSP:R2HH34) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.74/1.6
=13.59

* 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 RH was 63.94. The lowest was 2.42. And the median was 13.68.


Be Aware

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


RH Cyclically Adjusted Book per Share Related Terms

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


RH (BSP:R2HH34) Business Description

Industry
Traded in Other Exchanges
Address
15 Koch Road, Suite K, Corte Madera, CA, USA, 94925
RH is a luxury retailer operating in the $143 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 15 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). RH is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market over the next decade with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in color, bespoke furniture, architeture, media, and more.

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