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RH (FRA:RS1) Cyclically Adjusted Book per Share : €17.13 (As of Jan. 2024)


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What is RH 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.

RH's adjusted book value per share for the three months ended in Jan. 2024 was €-14.906. 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 €17.13 for the trailing ten years ended in Jan. 2024.

During the past 12 months, RH's average Cyclically Adjusted Book Growth Rate was -7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.10% 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 RH was 26.80% per year. The lowest was -1.00% per year. And the median was 19.20% per year.

As of today (2024-06-09), RH's current stock price is €251.70. RH's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €17.13. RH's Cyclically Adjusted PB Ratio of today is 14.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RH was 63.94. The lowest was 2.42. And the median was 13.77.


RH Cyclically Adjusted Book per Share Historical Data

The historical data trend for RH'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.

RH Cyclically Adjusted Book per Share Chart

RH 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 9.60 8.83 13.07 17.79 17.13

RH 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 17.79 18.44 18.01 17.78 17.13

Competitive Comparison of RH's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, RH'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.


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

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

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



RH 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, RH'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)
=-14.906/130.1244*130.1244
=-14.906

Current CPI (Jan. 2024) = 130.1244.

RH Quarterly Data

Book Value per Share CPI Adj_Book
201404 9.970 100.023 12.970
201407 11.496 100.520 14.882
201410 12.743 100.176 16.553
201501 15.171 98.604 20.021
201504 16.616 99.824 21.660
201507 18.145 100.691 23.449
201510 18.513 100.346 24.007
201601 20.111 99.957 26.180
201604 19.083 100.947 24.599
201607 19.859 101.524 25.454
201610 20.097 101.988 25.641
201701 21.178 102.456 26.897
201704 17.567 103.167 22.157
201707 -1.918 103.278 -2.417
201710 -1.010 104.070 -1.263
201801 -0.280 104.578 -0.348
201804 0.326 105.708 0.401
201807 5.624 106.324 6.883
201810 1.313 106.695 1.601
201901 -1.655 106.200 -2.028
201904 -11.993 107.818 -14.474
201907 -8.536 108.250 -10.261
201910 -3.019 108.577 -3.618
202001 0.874 108.841 1.045
202004 0.914 108.173 1.099
202007 5.737 109.318 6.829
202010 12.716 109.861 15.061
202101 17.480 110.364 20.610
202104 23.642 112.673 27.304
202107 31.865 115.183 35.999
202110 40.472 116.696 45.129
202201 48.102 118.619 52.767
202204 50.381 121.978 53.746
202207 50.579 125.002 52.652
202210 55.628 125.734 57.570
202301 33.030 126.223 34.051
202304 34.715 127.992 35.293
202307 -13.983 128.974 -14.108
202310 -17.321 129.810 -17.363
202401 -14.906 130.124 -14.906

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


RH  (FRA:RS1) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=251.70/17.13
=14.69

* 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 RH was 63.94. The lowest was 2.42. And the median was 13.77.


Be Aware

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


RH Cyclically Adjusted Book per Share Related Terms

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


RH (FRA:RS1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RH (FRA:RS1) » Definitions » Cyclically Adjusted Book per Share
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Address
15 Koch Road, Suite K, Corte Madera, CA, USA, 94925
RH is a luxury retailer operating in the $143 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 15 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). RH is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market over the next decade with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in color, bespoke furniture, architeture, media, and more.

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