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Salvatore Ferragamo SpA (WBO:SFER) Cyclically Adjusted Book per Share : €4.21 (As of Jun. 2023)


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What is Salvatore Ferragamo SpA 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.

Salvatore Ferragamo SpA's adjusted book value per share for the three months ended in Jun. 2023 was €4.440. 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 €4.21 for the trailing ten years ended in Jun. 2023.

During the past 12 months, Salvatore Ferragamo SpA's average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% 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 Salvatore Ferragamo SpA was 11.50% per year. The lowest was 11.50% per year. And the median was 11.50% per year.

As of today (2024-05-27), Salvatore Ferragamo SpA's current stock price is €9.285. Salvatore Ferragamo SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was €4.21. Salvatore Ferragamo SpA's Cyclically Adjusted PB Ratio of today is 2.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Salvatore Ferragamo SpA was 7.75. The lowest was 2.10. And the median was 4.32.


Salvatore Ferragamo SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Salvatore Ferragamo SpA'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.

Salvatore Ferragamo SpA Cyclically Adjusted Book per Share Chart

Salvatore Ferragamo SpA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.06 3.24 3.61 4.27

Salvatore Ferragamo SpA Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
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 3.77 3.86 3.99 4.27 4.21

Competitive Comparison of Salvatore Ferragamo SpA's Cyclically Adjusted Book per Share

For the Luxury Goods subindustry, Salvatore Ferragamo SpA'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.


Salvatore Ferragamo SpA's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Salvatore Ferragamo SpA 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, Salvatore Ferragamo SpA's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book= Book Value per Share /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=4.44/119.7000*119.7000
=4.440

Current CPI (Jun. 2023) = 119.7000.

Salvatore Ferragamo SpA Quarterly Data

Book Value per Share CPI Adj_Book
201306 1.790 99.814 2.147
201309 1.961 100.000 2.347
201312 2.170 99.721 2.605
201403 2.363 99.907 2.831
201406 2.272 100.093 2.717
201409 2.487 99.814 2.982
201412 2.768 99.721 3.323
201503 2.778 99.814 3.331
201506 2.718 100.279 3.244
201509 2.919 100.000 3.494
201512 3.341 99.814 4.007
201603 3.558 99.600 4.276
201606 3.446 99.900 4.129
201609 3.547 100.100 4.242
201612 4.107 100.300 4.901
201703 0.000 101.000 0.000
201706 4.038 101.100 4.781
201709 4.080 101.200 4.826
201712 4.279 101.200 5.061
201803 4.393 101.800 5.165
201806 4.287 102.400 5.011
201809 4.319 102.600 5.039
201812 4.466 102.300 5.226
201903 4.420 102.800 5.147
201906 4.349 103.100 5.049
201909 4.372 102.900 5.086
201912 4.528 102.800 5.272
202003 4.251 102.900 4.945
202006 3.999 102.900 4.652
202009 3.966 102.300 4.641
202012 4.113 102.600 4.799
202103 4.188 103.700 4.834
202106 4.357 104.200 5.005
202109 4.372 104.900 4.989
202112 4.549 106.600 5.108
202203 4.573 110.400 4.958
202206 4.417 112.500 4.700
202209 4.365 114.200 4.575
202212 4.545 119.000 4.572
202306 4.440 119.700 4.440

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


Salvatore Ferragamo SpA  (WBO:SFER) 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.

Salvatore Ferragamo SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.285/4.21
=2.21

* 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 Salvatore Ferragamo SpA was 7.75. The lowest was 2.10. And the median was 4.32.


Be Aware

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


Salvatore Ferragamo SpA Cyclically Adjusted Book per Share Related Terms

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


Salvatore Ferragamo SpA (WBO:SFER) Business Description

Address
Via dei Tornabuoni 2, Firenze, ITA, 50123
Founded in 1927, Salvatore Ferragamo is an Italian monobrand company mainly known for its footwear and accessories. The company generates about 44% of revenue in the fragmented footwear category, 41% in leather goods, 7% in apparel, and 6% in accessories. It was one of the pioneers in establishing a presence in Asia, where it generates 33% of sales and other emerging markets (6% of sales in Central and South America). Ferragamo generates 21% of revenue in Europe, 31% in the U.S., and 8% in Japan.

Salvatore Ferragamo SpA (WBO:SFER) Headlines

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