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Carter's (FRA:HCH) Cyclically Adjusted PB Ratio : 2.95 (As of Jun. 05, 2024)


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What is Carter's Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Carter's's current share price is €61.50. Carter's's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €20.85. Carter's's Cyclically Adjusted PB Ratio for today is 2.95.

The historical rank and industry rank for Carter's's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:HCH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.91   Med: 6.25   Max: 9.31
Current: 2.98

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

FRA:HCH's Cyclically Adjusted PB Ratio is ranked worse than
77.63% of 751 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs FRA:HCH: 2.98

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 adjusted book value per share data for the three months ended in Mar. 2024 was €21.149. 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 €20.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carter's Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Carter's's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Carter's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.47 5.33 5.12 3.52 3.39

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 PB Ratio 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 3.34 3.34 3.14 3.39 3.74

Competitive Comparison of Carter's's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=61.50/20.85
=2.95

* 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.

Carter's's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=21.149/131.7762*131.7762
=21.149

Current CPI (Mar. 2024) = 131.7762.

Carter's Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.945 100.560 13.032
201409 11.009 100.428 14.445
201412 22.439 99.070 29.847
201503 14.149 99.621 18.716
201506 13.671 100.684 17.893
201509 14.422 100.392 18.931
201512 15.518 99.792 20.492
201603 14.884 100.470 19.522
201606 13.594 101.688 17.616
201609 13.935 101.861 18.028
201612 15.264 101.863 19.747
201703 14.877 102.862 19.059
201706 13.913 103.349 17.740
201709 13.659 104.136 17.284
201712 15.357 104.011 19.456
201803 14.715 105.290 18.417
201806 14.896 106.317 18.463
201809 15.099 106.507 18.681
201812 16.749 105.998 20.822
201903 16.565 107.251 20.353
201906 16.330 108.070 19.912
201909 16.663 108.329 20.270
201912 18.018 108.420 21.899
202003 14.858 108.902 17.979
202006 14.922 108.767 18.079
202009 15.986 109.815 19.183
202012 17.612 109.897 21.118
202103 19.680 111.754 23.206
202106 20.698 114.631 23.794
202109 20.878 115.734 23.772
202112 20.436 117.630 22.894
202203 20.492 121.301 22.262
202206 19.752 125.017 20.820
202209 20.701 125.227 21.784
202212 19.946 125.222 20.990
202303 19.715 127.348 20.401
202306 19.150 128.729 19.603
202309 19.904 129.860 20.198
202312 21.206 129.419 21.592
202403 21.149 131.776 21.149

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


Carter's  (FRA:HCH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Carter's Cyclically Adjusted PB Ratio Related Terms

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


Carter's (FRA:HCH) Business Description

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 (FRA:HCH) Headlines

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