GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PVH Corp (STU:PVH) » Definitions » Cyclically Adjusted Book per Share

PVH (STU:PVH) Cyclically Adjusted Book per Share : €77.20 (As of Jan. 2024)


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

What is PVH 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.

PVH's adjusted book value per share for the three months ended in Jan. 2024 was €81.536. 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 €77.20 for the trailing ten years ended in Jan. 2024.

During the past 12 months, PVH's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 PVH was 17.00% per year. The lowest was 1.50% per year. And the median was 9.25% per year.

As of today (2024-06-04), PVH's current stock price is €110.50. PVH's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €77.20. PVH's Cyclically Adjusted PB Ratio of today is 1.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PVH was 5.37. The lowest was 0.52. And the median was 2.13.


PVH Cyclically Adjusted Book per Share Historical Data

The historical data trend for PVH'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.

PVH Cyclically Adjusted Book per Share Chart

PVH 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 54.58 51.93 61.07 68.88 77.20

PVH 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 68.88 68.90 70.85 73.87 77.20

Competitive Comparison of PVH's Cyclically Adjusted Book per Share

For the Apparel Manufacturing subindustry, PVH'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.


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

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

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



PVH 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, PVH'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)
=81.536/130.1244*130.1244
=81.536

Current CPI (Jan. 2024) = 130.1244.

PVH Quarterly Data

Book Value per Share CPI Adj_Book
201404 39.396 100.023 51.252
201407 40.341 100.520 52.222
201410 43.867 100.176 56.982
201501 45.540 98.604 60.098
201504 49.771 99.824 64.879
201507 48.508 100.691 62.688
201510 49.343 100.346 63.986
201601 51.451 99.957 66.979
201604 52.895 100.947 68.184
201607 54.115 101.524 69.360
201610 54.776 101.988 69.888
201701 57.494 102.456 73.020
201704 58.298 103.167 73.531
201707 56.946 103.278 71.749
201710 57.960 104.070 72.471
201801 58.822 104.578 73.191
201804 58.854 105.708 72.448
201807 62.100 106.324 76.001
201810 65.111 106.695 79.409
201901 67.704 106.200 82.956
201904 68.265 107.818 82.388
201907 70.348 108.250 84.563
201910 73.811 108.577 88.459
202001 72.430 108.841 86.594
202004 58.460 108.173 70.323
202007 56.093 109.318 66.769
202010 55.905 109.861 66.217
202101 54.576 110.364 64.348
202104 56.723 112.673 65.509
202107 59.599 115.183 67.330
202110 63.378 116.696 70.671
202201 68.218 118.619 74.835
202204 72.354 121.978 77.186
202207 78.012 125.002 81.209
202210 76.713 125.734 79.391
202301 74.180 126.223 76.473
202304 74.546 127.992 75.788
202307 75.050 128.974 75.719
202310 79.878 129.810 80.072
202401 81.536 130.124 81.536

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


PVH  (STU:PVH) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=110.50/77.2
=1.43

* 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 PVH was 5.37. The lowest was 0.52. And the median was 2.13.


Be Aware

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


PVH Cyclically Adjusted Book per Share Related Terms

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


PVH (STU:PVH) Business Description

Traded in Other Exchanges
Address
285 Madison Avenue, New York, NY, USA, 10017
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate all its revenue after its recent disposition of its smaller brands. PVH operates e-commerce sites and about 1,500 stores, licenses its brands to third parties, and distributes its merchandise through department stores and other wholesale accounts. The firm traces its history to 1881 and is based in New York City.