Compagnie Financiere Richemont (Compagnie Financiere Richemont) Cyclically Adjusted PB Ratio : 3.97 (As of Apr. 30, 2024)

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What is Compagnie Financiere Richemont Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Compagnie Financiere Richemont's current share price is $141.00. Compagnie Financiere Richemont's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was $35.56. Compagnie Financiere Richemont's Cyclically Adjusted PB Ratio for today is 3.97.

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

CFRHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88 Med: 3.77 Max: 5.13
Current: 3.99

During the past 13 years, Compagnie Financiere Richemont's highest Cyclically Adjusted PB Ratio was 5.13. The lowest was 1.88. And the median was 3.77.

CFRHF's Cyclically Adjusted PB Ratio is ranked worse than
84.56% of 719 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs CFRHF: 3.99

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.

Compagnie Financiere Richemont's adjusted book value per share data of for the fiscal year that ended in Mar23 was $35.593. 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 $35.56 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Compagnie Financiere Richemont Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Compagnie Financiere Richemont'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.

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Compagnie Financiere Richemont Cyclically Adjusted PB Ratio Chart

Compagnie Financiere Richemont Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cyclically Adjusted PB Ratio

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2.92

2.00

3.20

3.84

4.48

Compagnie Financiere Richemont Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	3.84	-	4.48	-

Competitive Comparison of Compagnie Financiere Richemont's Cyclically Adjusted PB Ratio

For the Luxury Goods subindustry, Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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

Compagnie Financiere Richemont 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.

Compagnie Financiere Richemont's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	141.00	/	35.56
	=	3.97

Compagnie Financiere Richemont's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Compagnie Financiere Richemont's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar23 (Change)	*	Current CPI (Mar23)
	=	35.593	/	106.2447	*	106.2447
	=	35.593

Current CPI (Mar23) = 106.2447.

Compagnie Financiere Richemont Annual Data

	Book Value per Share	CPI	Adj_Book
201403	29.397	101.224	30.855
201503	27.658	100.339	29.286
201603	29.678	99.475	31.698
201703	29.406	100.040	31.230
201803	31.953	100.836	33.667
201903	33.912	101.571	35.473
202003	33.508	101.048	35.231
202103	37.408	100.800	39.429
202203	38.456	103.205	39.589
202303	35.593	106.245	35.593

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.

Compagnie Financiere Richemont (OTCPK:CFRHF) 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.

Compagnie Financiere Richemont Cyclically Adjusted PB Ratio Related Terms

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Compagnie Financiere Richemont (Compagnie Financiere Richemont) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Compagnie Financiere Richemont SA (OTCPK:CFRHF) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

CFR:South Africa CFRUY:USA CFRI:Mexico CFRz:UK 0QMU:UK RIT1:Germany CFR:Switzerland

Address

50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293

Website

https://www.richemont.com

Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up 85% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 67% of revenue and over 86% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc.