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PVH (BSP:P1VH34) Cyclically Adjusted Book per Share : R$132.53 (As of Jan. 2024)


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What is PVH Cyclically Adjusted Book per Share?

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 Book per Share and 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.

PVH's adjusted book value per share for the three months ended in Jan. 2024 was R$218.416. 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 R$132.53 for the trailing ten years ended in Jan. 2024.

During the past 12 months, PVH's average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.50% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PVH was 17.00% per year. The lowest was 1.50% per year. And the median was 9.25% per year.

As of today (2024-04-27), PVH's current stock price is R$270.05. PVH's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was R$132.53. PVH's Cyclically Adjusted PB Ratio of today is 2.04.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PVH was 5.37. The lowest was 0.52. And the median was 2.18.


PVH Cyclically Adjusted Book per Share Historical Data

The historical data trend for PVH's Cyclically Adjusted Book 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.

* Premium members only.

PVH Cyclically Adjusted Book per Share Chart

PVH Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 212.29 207.57 188.62 132.53

PVH Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Book 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 188.62 199.35 175.39 213.73 132.53

Competitive Comparison of PVH's Cyclically Adjusted Book per Share

For the Apparel Manufacturing subindustry, PVH'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.


PVH's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PVH's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PVH Cyclically Adjusted Book 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 Book per Share and 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.

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

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, PVH's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=218.416/129.4194*129.4194
=218.416

Current CPI (Jan. 2024) = 129.4194.

PVH Quarterly Data

Book Value per Share CPI Adj_Book
201404 60.741 100.023 78.592
201407 60.709 100.520 78.163
201410 68.094 100.176 87.972
201501 69.675 98.604 91.450
201504 81.931 99.824 106.222
201507 86.151 100.691 110.731
201510 107.303 100.346 138.392
201601 113.282 99.957 146.671
201604 106.972 100.947 137.144
201607 98.009 101.524 124.939
201610 96.081 101.988 121.924
201701 97.559 102.456 123.233
201704 98.070 103.167 123.025
201707 105.070 103.278 131.665
201710 108.711 104.070 135.191
201801 115.188 104.578 142.550
201804 122.912 105.708 150.482
201807 138.641 106.324 168.756
201810 140.742 106.695 170.718
201901 144.359 106.200 175.921
201904 149.470 107.818 179.416
201907 148.997 108.250 178.135
201910 166.667 108.577 198.660
202001 166.854 108.841 198.401
202004 168.935 108.173 202.115
202007 170.003 109.318 201.264
202010 184.990 109.861 217.925
202101 178.395 110.364 209.196
202104 188.915 112.673 216.993
202107 181.794 115.183 204.264
202110 203.720 116.696 225.932
202201 213.375 118.619 232.802
202204 185.756 121.978 197.088
202207 213.015 125.002 220.543
202210 198.474 125.734 204.291
202301 207.522 126.223 212.777
202304 205.225 127.992 207.514
202307 199.268 128.974 199.956
202310 213.229 129.810 212.588
202401 218.416 129.419 218.416

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


PVH  (BSP:P1VH34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 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.

PVH's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=270.05/132.53
=2.04

* 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 PB Ratio of PVH was 5.37. The lowest was 0.52. And the median was 2.18.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


PVH Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of PVH's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


PVH (BSP:P1VH34) Business Description

Traded in Other Exchanges
Address
285 Madison Avenue, New York, NY, USA, 10017
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate all its revenue after its recent disposition of its smaller brands. PVH operates e-commerce sites and about 1,500 stores, licenses its brands to third parties, and distributes its merchandise through department stores and other wholesale accounts. The firm traces its history to 1881 and is based in New York City.

PVH (BSP:P1VH34) Headlines

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