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RH (FRA:RS1) Cyclically Adjusted PS Ratio : 2.42 (As of Jun. 09, 2024)


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What is RH Cyclically Adjusted PS Ratio?

As of today (2024-06-09), RH's current share price is €251.70. RH's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was €103.81. RH's Cyclically Adjusted PS Ratio for today is 2.42.

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

FRA:RS1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.73   Med: 2.87   Max: 9.93
Current: 2.43

During the past years, RH's highest Cyclically Adjusted PS Ratio was 9.93. The lowest was 0.73. And the median was 2.87.

FRA:RS1's Cyclically Adjusted PS Ratio is ranked worse than
89.35% of 770 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs FRA:RS1: 2.43

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.

RH's adjusted revenue per share data for the three months ended in Jan. 2024 was €34.267. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €103.81 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


RH Cyclically Adjusted PS Ratio Historical Data

The historical data trend for RH's Cyclically Adjusted PS 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.

RH Cyclically Adjusted PS Ratio Chart

RH Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.33 6.86 4.85 3.19 2.29

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 PS 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 3.19 2.52 3.72 2.02 2.29

Competitive Comparison of RH's Cyclically Adjusted PS Ratio

For the Specialty Retail subindustry, RH'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.


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

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

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



RH Cyclically Adjusted PS Ratio Calculation

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

RH's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=251.70/103.81
=2.42

* 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.

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

For example, RH's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=34.267/130.1244*130.1244
=34.267

Current CPI (Jan. 2024) = 130.1244.

RH Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 6.501 100.023 8.457
201407 7.769 100.520 10.057
201410 9.238 100.176 12.000
201501 11.764 98.604 15.525
201504 9.303 99.824 12.127
201507 10.908 100.691 14.097
201510 11.184 100.346 14.503
201601 14.088 99.957 18.340
201604 9.886 100.947 12.743
201607 12.047 101.524 15.441
201610 12.188 101.988 15.550
201701 13.210 102.456 16.777
201704 13.944 103.167 17.587
201707 18.786 103.278 23.669
201710 21.422 104.070 26.785
201801 25.545 104.578 31.785
201804 18.006 105.708 22.165
201807 19.948 106.324 24.413
201810 19.991 106.695 24.381
201901 22.865 106.200 28.016
201904 21.360 107.818 25.779
201907 28.230 108.250 33.935
201910 25.341 108.577 30.370
202001 23.251 108.841 27.798
202004 23.087 108.173 27.772
202007 23.229 109.318 27.650
202010 25.363 109.861 30.041
202101 22.119 110.364 26.079
202104 23.057 112.673 26.628
202107 26.160 115.183 29.553
202110 27.725 116.696 30.915
202201 26.625 118.619 29.207
202204 31.878 121.978 34.007
202207 36.189 125.002 37.672
202210 33.800 125.734 34.980
202301 28.216 126.223 29.088
202304 28.373 127.992 28.846
202307 31.839 128.974 32.123
202310 38.723 129.810 38.817
202401 34.267 130.124 34.267

Add all the adjusted revenue per share together and divide 10 will get our 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.


RH  (FRA:RS1) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


RH Cyclically Adjusted PS Ratio Related Terms

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


RH (FRA:RS1) Business Description

Industry
Traded in Other Exchanges
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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