Capri Holdings (NYSE:CPRI) Cyclically Adjusted Revenue per Share

: $37.06 (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 Revenue per Share and 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.

Capri Holdings's adjusted revenue per share for the three months ended in Sep. 2023 was $10.981. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $37.06 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Capri Holdings's average Cyclically Adjusted Revenue Growth Rate was 14.90% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2023-11-29), Capri Holdings's current stock price is $49.245. Capri Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $37.06. Capri Holdings's Cyclically Adjusted PS Ratio of today is 1.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Capri Holdings was 2.45. The lowest was 0.62. And the median was 1.62.

Capri Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Capri Holdings's Cyclically Adjusted Revenue 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.

Capri Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cyclically Adjusted Revenue per Share

24.91

29.41

34.90

Capri Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cyclically Adjusted Revenue per Share																32.26	33.80	34.90	36.24	37.06

Competitive Comparison

For the Luxury Goods subindustry, Capri Holdings'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.

Capri Holdings Cyclically Adjusted PS Ratio Distribution

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

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

Capri Holdings Cyclically Adjusted Revenue per Share Calculation

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

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

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

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

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Sep. 2023 (Change)	*	Current CPI (Sep. 2023)
	=	10.981	/	130.1000	*	130.1000
	=	10.981

Current CPI (Sep. 2023) = 130.1000.

Capri Holdings Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201312	4.912	99.200	6.442
201403	4.432	99.300	5.807
201406	4.437	99.800	5.784
201409	5.094	100.000	6.627
201412	6.393	99.900	8.326
201503	5.320	99.600	6.949
201506	4.929	100.100	6.406
201509	5.900	100.200	7.661
201512	7.560	100.400	9.796
201603	6.667	100.400	8.639
201606	5.594	101.000	7.206
201609	6.445	101.500	8.261
201612	8.188	102.200	10.423
201703	6.582	102.700	8.338
201706	6.071	103.500	7.631
201709	7.437	104.300	9.277
201712	9.314	105.000	11.540
201803	7.625	105.100	9.439
201806	7.894	105.900	9.698
201809	8.259	106.600	10.080
201812	9.570	107.100	11.625
201903	8.837	107.000	10.745
201906	8.836	107.900	10.654
201909	9.451	108.400	11.343
201912	10.325	108.500	12.380
202003	7.980	108.600	9.560
202006	3.016	108.800	3.606
202009	7.318	109.200	8.719
202012	8.568	109.400	10.189
202103	7.922	109.700	9.395
202106	8.090	111.400	9.448
202109	8.430	112.400	9.758
202112	10.559	114.700	11.977
202203	10.048	116.500	11.221
202206	9.462	120.500	10.216
202209	10.303	122.300	10.960
202212	11.598	125.300	12.042
202303	10.692	126.800	10.970
202306	10.390	129.400	10.446
202309	10.981	130.100	10.981

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

Capri Holdings (NYSE:CPRI) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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.

Capri Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	49.245	/	37.06
	=	1.33

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Capri Holdings was 2.45. The lowest was 0.62. And the median was 1.62.

Be Aware

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

Capri Holdings Cyclically Adjusted Revenue per Share Related Terms

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Capri Holdings (NYSE:CPRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Capri Holdings Ltd (NYSE:CPRI) » Definitions » Cyclically Adjusted Revenue per Share

Comparable Companies

Traded in Other Exchanges

MKO:Germany

Address

90 Whitfield Street, 2nd Floor, London, GBR, W1T 4EZ

Website

https://www.capriholdings.com

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.

Executives

Cedric Wilmotte	officer: CEO - Michael Kors	C/O CAPRI HOLDINGS LIMITED, 90 WHITFIELD STREET, 2ND FLOOR, LONDON X0 W1T 4EZ
Mahesh Madhavan	director	C/O CAPRI HOLDINGS LIMITED, 90 WHITFIELD STREET, 2ND FLOOR, LONDON X0 W1T 4EZ
Joshua Schulman	officer: CEO - Michael Kors	603 WEST 50TH STREET, NEW YORK X1 10019
Marilyn C Crouther	director	1902 RESTON METRO PLAZA, RESTON VA 20190
Jenna Hendricks	officer: SVP, Chief People Officer	33 KINGSWAY, LONDON X0 WC2B 6UF
Daniel Purefoy	officer: SVP, Global Ops	33 KINGSWAY, LONDON X0 WC2B 6UF
Ann Mclaughlin Korologos	director	PO BOX 3599, BATTLECREEK MI 49016-3599
Freestone Robin Anthony David	director	33 KINGSWAY, LONDON X0 WC2B 6UF
Jean Tomlin	director	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
Thomas Jr. Edwards	officer: EVP, CFO, COO & Treasurer	6820 LBJ FREEWAY, DALLAS TX 75240
Krista A Mcdonough	officer: SVP, General Counsel	33 KINGSWAY, LONDON X0 WC2B 6UF
Cathy Marie Robinson	officer: SVP, Corp Str & Ch Ops Off	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
Michael David Kors	director, officer: Hon Chair & Chief Creative Off	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, ATTN. LEE SPORN, NEW YORK NY 10036
Jane A. Thompson	director	C/O MICHAEL KORS (USA), INC., 11 WEST 42ND STREET, NEW YORK NY 10036
John D Idol	director, officer: Chairman & CEO	650 MADISON AVE, NEW YORK NY 10022