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Salvatore Ferragamo SpA (WBO:SFER) Cyclically Adjusted PB Ratio : 2.19 (As of May. 23, 2024)


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What is Salvatore Ferragamo SpA Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Salvatore Ferragamo SpA's current share price is €9.235. 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 for today is 2.19.

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

WBO:SFER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.1   Med: 4.32   Max: 7.75
Current: 2.24

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

WBO:SFER's Cyclically Adjusted PB Ratio is ranked worse than
70.73% of 731 companies
in the Retail - Cyclical industry
Industry Median: 1.18 vs WBO:SFER: 2.24

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 adjusted book value per share data 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


Salvatore Ferragamo SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Salvatore Ferragamo SpA'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.

Salvatore Ferragamo SpA Cyclically Adjusted PB Ratio Chart

Salvatore Ferragamo SpA Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 6.12 4.92 6.30 3.89

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 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 4.54 3.80 3.61 3.89 3.49

Competitive Comparison of Salvatore Ferragamo SpA's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.235/4.21
=2.19

* 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.

Salvatore Ferragamo SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

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.

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.


Salvatore Ferragamo SpA  (WBO:SFER) 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.


Salvatore Ferragamo SpA Cyclically Adjusted PB Ratio Related Terms

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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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