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Capri Holdings (FRA:MKO) Cyclically Adjusted PB Ratio : 2.24 (As of Apr. 30, 2024)


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What is Capri Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Capri Holdings's current share price is €32.98. Capri Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €14.73. Capri Holdings's Cyclically Adjusted PB Ratio for today is 2.24.

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

FRA:MKO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 3.37   Max: 5.5
Current: 2.19

During the past years, Capri Holdings's highest Cyclically Adjusted PB Ratio was 5.50. The lowest was 1.41. And the median was 3.37.

FRA:MKO's Cyclically Adjusted PB Ratio is ranked worse than
69.96% of 719 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs FRA:MKO: 2.19

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.

Capri Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was €15.254. 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 €14.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capri Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Capri Holdings'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.

* Premium members only.

Capri Holdings Cyclically Adjusted PB Ratio Chart

Capri Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 4.50 3.92 3.04

Capri Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 3.81 3.04 2.25 3.24 3.07

Competitive Comparison of Capri Holdings's Cyclically Adjusted PB Ratio

For the Luxury Goods subindustry, Capri Holdings'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.


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

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

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



Capri Holdings 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.

Capri Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.98/14.73
=2.24

* 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.

Capri Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Capri Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=15.254/130.0000*130.0000
=15.254

Current CPI (Dec. 2023) = 130.0000.

Capri Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.392 99.300 8.368
201406 7.277 99.800 9.479
201409 8.466 100.000 11.006
201412 8.680 99.900 11.295
201503 10.371 99.600 13.536
201506 9.626 100.100 12.501
201509 9.121 100.200 11.834
201512 10.109 100.400 13.089
201603 10.157 100.400 13.151
201606 9.240 101.000 11.893
201609 9.117 101.500 11.677
201612 10.809 102.200 13.749
201703 9.556 102.700 12.096
201706 9.281 103.500 11.657
201709 9.959 104.300 12.413
201712 11.533 105.000 14.279
201803 10.933 105.100 13.523
201806 11.694 105.900 14.355
201809 12.441 106.600 15.172
201812 13.203 107.100 16.026
201903 14.243 107.000 17.305
201906 13.553 107.900 16.329
201909 14.401 108.400 17.271
201912 15.758 108.500 18.881
202003 13.124 108.600 15.710
202006 11.861 108.800 14.172
202009 12.395 109.200 14.756
202012 12.852 109.400 15.272
202103 11.983 109.700 14.200
202106 13.394 111.400 15.630
202109 14.701 112.400 17.003
202112 16.684 114.700 18.910
202203 16.271 116.500 18.156
202206 16.300 120.500 17.585
202209 16.511 122.300 17.551
202212 16.735 125.300 17.363
202303 14.709 126.800 15.080
202306 14.402 129.400 14.469
202309 15.418 130.100 15.406
202312 15.254 130.000 15.254

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.


Capri Holdings  (FRA:MKO) 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.


Capri Holdings Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Capri Holdings's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Capri Holdings (FRA:MKO) Business Description

Traded in Other Exchanges
Address
90 Whitfield Street, 2nd Floor, London, GBR, W1T 4EZ
Michael Kors, Versace, and Jimmy Choo are the brands of Capri Holdings, a marketer, distributor, and retailer of upscale accessories and apparel. Michael Kors, Capri's largest brand, offers handbags, footwear, and apparel through more than 800 company-owned stores, wholesale, and e-commerce. Versace (acquired in 2018) is known for its ready-to-wear luxury fashion, while Jimmy Choo (acquired in 2017) is best known for women's luxury footwear. John Idol has served as CEO since 2003.

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