Tapestry (MIL:1TPR) Cyclically Adjusted FCF per Share: €3.37 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:1TPR Tapestry Inc MIL:1TPR
50 GF Score
Price €127.05
GF Value €67.35
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Tapestry Cyclically Adjusted FCF per Share?

Tapestry MIL:1TPR 50 Cyclically Adjusted FCF per Share is €3.37 as of Mar. 2026. GuruFocus rates MIL:1TPR with a GF Score™ of 50/100 and a GF Value™ of €67.35 (Significantly Overvalued). The stock has 5 warning signs investors should review.

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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Tapestry's adjusted free cash flow per share for the three months ended in Mar. 2026 was €0.938. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €3.37 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tapestry's average Cyclically Adjusted FCF Growth Rate was 24.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.40% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Tapestry was 22.00% per year. The lowest was -1.70% per year. And the median was 2.50% per year.

As of today (2026-08-03), Tapestry's current stock price is €127.05. Tapestry's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €3.37. Tapestry's Cyclically Adjusted Price-to-FCF of today is 37.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tapestry was 41.56. The lowest was 4.05. And the median was 14.25.


Tapestry  (MIL:1TPR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Tapestry's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=127.05/3.37
=37.70

* 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 Price-to-FCF of Tapestry was 41.56. The lowest was 4.05. And the median was 14.25.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Tapestry Cyclically Adjusted FCF per Share Related Terms


Tapestry Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Tapestry's Cyclically Adjusted FCF 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.

Tapestry Cyclically Adjusted FCF per Share Chart

Tapestry Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.83

Tapestry Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 0.00 2.83 2.79 3.00 3.37

MIL:1TPR vs SIG, CPRI, REAL: Cyclically Adjusted FCF per Share Comparison

For the Luxury Goods subindustry, Tapestry's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Tapestry Cyclically Adjusted Price-to-FCF vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tapestry's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tapestry's Cyclically Adjusted Price-to-FCF falls into.


MIL:1TPR
50GF Score
Tapestry Inc MIL:1TPR
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tapestry Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, Tapestry's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.938/330.2130*330.2130
=0.938

Current CPI (Mar. 2026) = 330.2130.

Tapestry Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.408 241.018 0.559
201609 -0.356 241.428 -0.487
201612 1.059 241.432 1.448
201703 0.434 243.801 0.588
201706 0.742 244.955 1.000
201709 -0.447 246.819 -0.598
201712 1.349 246.524 1.807
201803 0.267 249.554 0.353
201806 0.971 251.989 1.272
201809 -0.218 252.439 -0.285
201812 1.683 251.233 2.212
201903 -0.196 254.202 -0.255
201906 0.304 256.143 0.392
201909 -0.210 256.759 -0.270
201912 1.645 256.974 2.114
202003 -0.545 258.115 -0.697
202006 -0.230 257.797 -0.295
202009 0.196 260.280 0.249
202012 1.851 260.474 2.347
202103 0.527 264.877 0.657
202106 0.958 271.696 1.164
202109 -0.035 274.310 -0.042
202112 1.941 278.802 2.299
202203 -0.188 287.504 -0.216
202206 0.816 296.311 0.909
202209 -0.809 296.808 -0.900
202212 2.139 296.797 2.380
202303 0.279 301.836 0.305
202306 1.433 305.109 1.551
202309 0.219 307.789 0.235
202312 3.181 306.746 3.424
202403 0.310 312.332 0.328
202406 0.832 314.175 0.874
202409 0.359 315.301 0.376
202412 2.017 315.605 2.110
202503 0.490 319.799 0.506
202506 1.655 322.561 1.694
202509 0.317 324.800 0.322
202512 4.223 324.054 4.303
202603 0.938 330.213 0.938

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €3.37 mean?
Tapestry (MIL:1TPR) has a Cyclically Adjusted FCF per Share of €3.37 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Tapestry and its competitors.
Is Tapestry's Cyclically Adjusted FCF per Share too high?
Tapestry's current Cyclically Adjusted FCF per Share is €3.37. Overall, Tapestry has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tapestry's Cyclically Adjusted FCF per Share compare to SIG and CPRI?
Tapestry's Cyclically Adjusted FCF per Share of €3.37 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Retail - Cyclical company?
A good Cyclically Adjusted FCF per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Tapestry and its competitors. Tapestry's current Cyclically Adjusted FCF per Share is €3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tapestry stock overvalued right now?
Based on GuruFocus' analysis, Tapestry (MIL:1TPR) is currently considered Significantly Overvalued. The stock's GF Value™ is €67.35, compared to a current price of €127.05 — trading 88.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €3.37. Tapestry's overall GF Score™ is 50/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Tapestry (MIL:1TPR), the current Cyclically Adjusted FCF per Share is €3.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tapestry (MIL:1TPR) Overvalued in 2026?

Based on GuruFocus' analysis, Tapestry stock appears to be overvalued. The current stock price of €127.05 is trading 88.6% above its estimated GF Value™ of €67.35. GuruFocus considers Tapestry to be Significantly Overvalued.

Key valuation signals for MIL:1TPR:

  • Cyclically Adjusted FCF per Share: €3.37
  • GF Value™: €67.35 vs. price of €127.05 (88.6% above fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the MIL:1TPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tapestry Business Description

Address 10 Hudson Yards, New York, NY, USA, 10001
Based in New York City, Tapestry is the parent company of accessories and fashion brand Coach, which accounted for 80% of its revenue and well over 90% of its operating profit in fiscal 2025. Handbags accounted for 58% of the brand's fiscal 2025 revenue. Coach products are sold through more than 950 company-owned stores, company-operated digital channels, and wholesale partners in North America, Asia, and Europe. Tapestry also owns Kate Spade (17% of fiscal 2025 revenue), which operates about 335 worldwide stores and generated 52% of its sales from handbags in fiscal 2025. Kate Spade is known for its colorful patterns and graphics. Tapestry sold its smallest brand, luxury footwear maker Stuart Weitzman, to Caleres in August 2025.
50GF Score

Get the complete analysis for MIL:1TPR

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€127.05
Price
€67.35
GF Value