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Carter's (BSP:CRIN34) Cyclically Adjusted Book per Share : R$48.99 (As of Mar. 2024)


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What is Carter's 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.

Carter's's adjusted book value per share for the three months ended in Mar. 2024 was R$57.237. 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$48.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Carter's's average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.00% 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 Carter's was 16.80% per year. The lowest was 7.00% per year. And the median was 8.30% per year.

As of today (2024-06-03), Carter's's current stock price is R$170.50. Carter's's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$48.99. Carter's's Cyclically Adjusted PB Ratio of today is 3.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Carter's was 9.31. The lowest was 2.91. And the median was 6.25.


Carter's Cyclically Adjusted Book per Share Historical Data

The historical data trend for Carter's'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.

Carter's Cyclically Adjusted Book per Share Chart

Carter's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.80 43.77 57.31 55.38 54.11

Carter's Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 55.51 50.92 52.88 54.11 48.99

Competitive Comparison of Carter's's Cyclically Adjusted Book per Share

For the Apparel Retail subindustry, Carter's'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.


Carter's's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Carter's 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, Carter's's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=57.237/131.7762*131.7762
=57.237

Current CPI (Mar. 2024) = 131.7762.

Carter's Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.107 100.560 19.797
201409 16.584 100.428 21.761
201412 36.549 99.070 48.615
201503 24.052 99.621 31.815
201506 23.872 100.684 31.244
201509 31.590 100.392 41.466
201512 32.801 99.792 43.314
201603 30.646 100.470 40.195
201606 26.145 101.688 33.881
201609 25.440 101.861 32.911
201612 27.001 101.863 34.930
201703 24.881 102.862 31.875
201706 25.758 103.349 32.843
201709 25.498 104.136 32.266
201712 29.942 104.011 37.935
201803 29.747 105.290 37.230
201806 32.811 106.317 40.668
201809 36.195 106.507 44.783
201812 36.998 105.998 45.996
201903 35.944 107.251 44.164
201906 35.572 108.070 43.375
201909 37.799 108.329 45.980
201912 41.086 108.420 49.937
202003 40.111 108.902 48.536
202006 43.594 108.767 52.816
202009 50.840 109.815 61.007
202012 55.115 109.897 66.088
202103 66.010 111.754 77.836
202106 62.698 114.631 72.075
202109 64.832 115.734 73.818
202112 65.290 117.630 73.142
202203 56.155 121.301 61.004
202206 52.696 125.017 55.545
202209 53.737 125.227 56.548
202212 55.416 125.222 58.317
202303 54.973 127.348 56.885
202306 50.351 128.729 51.543
202309 52.454 129.860 53.228
202312 56.654 129.419 57.686
202403 57.237 131.776 57.237

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


Carter's  (BSP:CRIN34) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=170.50/48.99
=3.48

* 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 Carter's was 9.31. The lowest was 2.91. And the median was 6.25.


Be Aware

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


Carter's Cyclically Adjusted Book per Share Related Terms

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


Carter's (BSP:CRIN34) Business Description

Industry
Traded in Other Exchanges
Address
3438 Peachtree Road North East, Phipps Tower, Suite 1800, Atlanta, GA, USA, 30326
Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products through a multi-channel business model, which includes retail stores, eCommerce, and wholesale sales channels, as well as retail omnichannel capabilities in the United States and Canada, which enables it to reach a broad range of consumers around the world. The company operates in three segments; U.S. Retail, U.S. Wholesale, and International. The majority of Carter's sales are in the U.S. and through Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.

Carter's (BSP:CRIN34) Headlines

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