SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'cyclically_adjusted_book' HBI (Hanesbrands) Cyclically Adjusted Book per Share
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# Hanesbrands (NYSE:HBI) Cyclically Adjusted Book per Share

: \$3.15 (As of Sep. 2023)
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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.

Hanesbrands's adjusted book value per share for the three months ended in Sep. 2023 was \$0.783. 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 \$3.15 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Hanesbrands's average Cyclically Adjusted Book Growth Rate was -3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.30% 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 Hanesbrands was 10.60% per year. The lowest was -0.60% per year. And the median was 7.45% per year.

As of today (2023-12-11), Hanesbrands's current stock price is \$3.87. Hanesbrands's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was \$3.15. Hanesbrands's Cyclically Adjusted PB Ratio of today is 1.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hanesbrands was 16.57. The lowest was 1.20. And the median was 6.79.

## Hanesbrands Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hanesbrands'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.

Hanesbrands Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
2.45 2.75 2.92 3.08 3.22

 Hanesbrands Quarterly Data Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Cyclically Adjusted Book per Share 3.27 3.22 3.22 3.20 3.15

Competitive Comparison

For the Apparel Manufacturing subindustry, Hanesbrands'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.

Hanesbrands Cyclically Adjusted PB Ratio Distribution

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

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

## Hanesbrands 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, Hanesbrands's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

 Adj_Book = Book Value per Share / CPI of Sep. 2023 (Change) * Current CPI (Sep. 2023) = 0.783 / 129.8595 * 129.8595 = 0.783

Current CPI (Sep. 2023) = 129.8595.

Hanesbrands Quarterly Data

 Book Value per Share CPI Adj_Book 201312 3.093 98.326 4.085 201403 3.129 99.695 4.076 201406 3.459 100.560 4.467 201409 3.666 100.428 4.740 201412 3.460 99.070 4.535 201503 3.495 99.621 4.556 201506 3.607 100.684 4.652 201509 3.187 100.392 4.122 201512 3.258 99.792 4.240 201603 2.522 100.470 3.260 201606 2.779 101.688 3.549 201609 3.140 101.861 4.003 201612 3.232 101.863 4.120 201703 2.631 102.862 3.322 201706 2.959 103.349 3.718 201709 3.377 104.136 4.211 201712 1.905 104.011 2.378 201803 1.958 105.290 2.415 201806 2.128 106.317 2.599 201809 2.414 106.507 2.943 201812 2.414 105.998 2.957 201903 2.872 107.251 3.477 201906 3.139 108.070 3.772 201909 3.402 108.329 4.078 201912 3.412 108.420 4.087 202003 2.510 108.902 2.993 202006 3.101 108.767 3.702 202009 3.301 109.815 3.904 202012 2.334 109.897 2.758 202103 1.388 111.754 1.613 202106 1.610 114.631 1.824 202109 1.823 115.734 2.045 202112 2.008 117.630 2.217 202203 2.235 121.301 2.393 202206 2.042 125.017 2.121 202209 1.934 125.227 2.006 202212 1.141 125.222 1.183 202303 0.971 127.348 0.990 202306 0.995 128.729 1.004 202309 0.783 129.860 0.783

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

Hanesbrands  (NYSE:HBI) 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.

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

 Cyclically Adjusted PB Ratio = Share Price / Cyclically Adjusted Book per Share = 3.87 / 3.15 = 1.23

* 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 Hanesbrands was 16.57. The lowest was 1.20. And the median was 6.79.

Be Aware

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

## Hanesbrands Cyclically Adjusted Book per Share Related Terms

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