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Tapestry (BSP:TPRY34) Cyclically Adjusted PS Ratio : 1.86 (As of Apr. 30, 2024)


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What is Tapestry Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Tapestry's current share price is R$216.70. Tapestry's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$116.54. Tapestry's Cyclically Adjusted PS Ratio for today is 1.86.

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

BSP:TPRY34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.6   Med: 2.32   Max: 5.86
Current: 1.74

During the past years, Tapestry's highest Cyclically Adjusted PS Ratio was 5.86. The lowest was 0.60. And the median was 2.32.

BSP:TPRY34's Cyclically Adjusted PS Ratio is ranked worse than
82.87% of 753 companies
in the Retail - Cyclical industry
Industry Median: 0.48 vs BSP:TPRY34: 1.74

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Tapestry's adjusted revenue per share data for the three months ended in Dec. 2023 was R$44.081. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$116.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tapestry Cyclically Adjusted PS Ratio Historical Data

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

Tapestry Cyclically Adjusted PS Ratio Chart

Tapestry Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.78 0.72 2.20 1.39 1.85

Tapestry Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS 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 1.71 1.89 1.85 1.23 1.56

Competitive Comparison of Tapestry's Cyclically Adjusted PS Ratio

For the Luxury Goods subindustry, Tapestry's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Tapestry's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Tapestry's Cyclically Adjusted PS Ratio falls into.



Tapestry Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Tapestry's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=216.70/116.54
=1.86

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Tapestry's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=44.081/129.4194*129.4194
=44.081

Current CPI (Dec. 2023) = 129.4194.

Tapestry Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 9.170 99.695 11.904
201406 9.178 100.560 11.812
201409 8.787 100.428 11.324
201412 11.651 99.070 15.220
201503 10.524 99.621 13.672
201506 11.223 100.684 14.426
201509 14.450 100.392 18.628
201512 17.756 99.792 23.028
201603 13.669 100.470 17.608
201606 14.061 101.688 17.896
201609 11.974 101.861 15.214
201612 15.731 101.863 19.987
201703 11.002 102.862 13.843
201706 13.128 103.349 16.440
201709 14.083 104.136 17.502
201712 20.536 104.011 25.553
201803 14.947 105.290 18.373
201806 19.227 106.317 23.405
201809 19.435 106.507 23.616
201812 24.032 105.998 29.342
201903 17.578 107.251 21.211
201906 20.153 108.070 24.134
201909 19.580 108.329 23.392
201912 26.938 108.420 32.155
202003 18.984 108.902 22.561
202006 13.427 108.767 15.976
202009 22.778 109.815 26.844
202012 30.857 109.897 36.339
202103 25.123 111.754 29.094
202106 28.254 114.631 31.899
202109 27.411 115.734 30.652
202112 43.681 117.630 48.059
202203 26.944 121.301 28.747
202206 32.457 125.017 33.600
202209 32.008 125.227 33.080
202212 43.666 125.222 45.130
202303 32.801 127.348 33.335
202306 33.364 128.729 33.543
202309 32.143 129.860 32.034
202312 44.081 129.419 44.081

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.


Tapestry  (BSP:TPRY34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Tapestry Cyclically Adjusted PS Ratio Related Terms

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


Tapestry (BSP:TPRY34) Business Description

Traded in Other Exchanges
Address
10 Hudson Yards, New York, NY, USA, 10001
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.

Tapestry (BSP:TPRY34) Headlines

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