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PVH (FRA:PVH) Cyclically Adjusted Price-to-FCF : 13.83 (As of May. 22, 2024)


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What is PVH Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), PVH's current share price is €104.45. PVH's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €7.55. PVH's Cyclically Adjusted Price-to-FCF for today is 13.83.

The historical rank and industry rank for PVH's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:PVH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.17   Med: 18.89   Max: 38.77
Current: 14.21

During the past years, PVH's highest Cyclically Adjusted Price-to-FCF was 38.77. The lowest was 5.17. And the median was 18.89.

FRA:PVH's Cyclically Adjusted Price-to-FCF is ranked better than
61.43% of 350 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 18.425 vs FRA:PVH: 14.21

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

PVH's adjusted free cash flow per share data for the three months ended in Jan. 2024 was €8.832. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €7.55 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PVH Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PVH's Cyclically Adjusted Price-to-FCF 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.

PVH Cyclically Adjusted Price-to-FCF Chart

PVH Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.55 13.43 12.82 13.06 14.98

PVH Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Price-to-FCF 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 13.06 12.15 12.34 9.87 14.98

Competitive Comparison of PVH's Cyclically Adjusted Price-to-FCF

For the Apparel Manufacturing subindustry, PVH's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


PVH's Cyclically Adjusted Price-to-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PVH's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PVH's Cyclically Adjusted Price-to-FCF falls into.



PVH Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

PVH's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=104.45/7.55
=13.83

* 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.

PVH's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, PVH's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=8.832/130.1244*130.1244
=8.832

Current CPI (Jan. 2024) = 130.1244.

PVH Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.888 100.023 -1.155
201407 1.506 100.520 1.950
201410 0.785 100.176 1.020
201501 3.944 98.604 5.205
201504 0.132 99.824 0.172
201507 2.288 100.691 2.957
201510 -0.032 100.346 -0.041
201601 4.713 99.957 6.135
201604 0.682 100.947 0.879
201607 2.705 101.524 3.467
201610 1.214 101.988 1.549
201701 2.840 102.456 3.607
201704 -1.486 103.167 -1.874
201707 1.621 103.278 2.042
201710 -0.554 104.070 -0.693
201801 3.308 104.578 4.116
201804 -2.109 105.708 -2.596
201807 3.828 106.324 4.685
201810 -1.249 106.695 -1.523
201901 5.038 106.200 6.173
201904 -1.758 107.818 -2.122
201907 3.769 108.250 4.531
201910 0.381 108.577 0.457
202001 5.848 108.841 6.992
202004 -2.567 108.173 -3.088
202007 4.155 109.318 4.946
202010 1.520 109.861 1.800
202101 2.338 110.364 2.757
202104 -2.750 112.673 -3.176
202107 5.370 115.183 6.067
202110 2.281 116.696 2.543
202201 4.886 118.619 5.360
202204 -4.796 121.978 -5.116
202207 1.232 125.002 1.282
202210 -3.112 125.734 -3.221
202301 3.194 126.223 3.293
202304 -1.914 127.992 -1.946
202307 3.080 128.974 3.107
202310 1.061 129.810 1.064
202401 8.832 130.124 8.832

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


PVH  (FRA:PVH) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


PVH Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of PVH's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


PVH (FRA:PVH) Business Description

Traded in Other Exchanges
Address
285 Madison Avenue, New York, NY, USA, 10017
PVH designs and markets branded apparel in more than 40 countries. Its key fashion categories include men's dress shirts, ties, sportswear, underwear, and jeans. Its two designer brands, Calvin Klein and Tommy Hilfiger, now generate all its revenue after its recent disposition of its smaller brands. PVH operates e-commerce sites and about 1,500 stores, licenses its brands to third parties, and distributes its merchandise through department stores and other wholesale accounts. The firm traces its history to 1881 and is based in New York City.