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RH (RH) Cyclically Adjusted Book per Share : $18.12 (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 $-16.237. 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 $18.12 for the trailing ten years ended in Jan. 2024.

During the past 12 months, RH's average Cyclically Adjusted Book Growth Rate was -7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.00% 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 RH was 26.80% per year. The lowest was -1.00% per year. And the median was 19.00% per year.

As of today (2024-04-27), RH's current stock price is $248.91. RH's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $18.12. RH's Cyclically Adjusted PB Ratio of today is 13.74.

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 13.68.


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 10.18 10.76 14.80 19.62 18.12

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 19.62 20.45 19.80 19.04 18.12

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)
=-16.237/129.4194*129.4194
=-16.237

Current CPI (Jan. 2024) = 129.4194.

RH Quarterly Data

Book Value per Share CPI Adj_Book
201404 13.771 100.023 17.818
201407 15.556 100.520 20.028
201410 16.151 100.176 20.866
201501 17.620 98.604 23.127
201504 17.983 99.824 23.315
201507 19.962 100.691 25.657
201510 20.778 100.346 26.798
201601 21.836 99.957 28.272
201604 21.660 100.947 27.769
201607 21.943 101.524 27.972
201610 22.134 101.988 28.087
201701 22.530 102.456 28.459
201704 18.829 103.167 23.620
201707 -2.212 103.278 -2.772
201710 -1.186 104.070 -1.475
201801 -0.341 104.578 -0.422
201804 0.400 105.708 0.490
201807 6.571 106.324 7.998
201810 1.510 106.695 1.832
201901 -1.889 106.200 -2.302
201904 -13.475 107.818 -16.175
201907 -9.570 108.250 -11.442
201910 -3.340 108.577 -3.981
202001 0.970 108.841 1.153
202004 0.993 108.173 1.188
202007 6.594 109.318 7.807
202010 14.960 109.861 17.623
202101 21.292 110.364 24.968
202104 28.280 112.673 32.483
202107 37.666 115.183 42.321
202110 46.951 116.696 52.070
202201 54.414 118.619 59.368
202204 54.408 121.978 57.727
202207 51.454 125.002 53.272
202210 54.806 125.734 56.412
202301 35.593 126.223 36.494
202304 38.065 127.992 38.489
202307 -15.468 128.974 -15.521
202310 -18.290 129.810 -18.235
202401 -16.237 129.419 -16.237

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


RH  (NYSE:RH) 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
=248.91/18.12
=13.74

* 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 13.68.


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 (RH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RH (NYSE:RH) » Definitions » Cyclically Adjusted Book per Share
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.
Executives
Edward T Lee officer: SEE REMARKS C/O RH, 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Keith Belling director C/O RESTORATION HARDWARE HOLDINGS, INC., 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Jack M Preston officer: CHIEF FINANCIAL OFFICER 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Eri Chaya officer: See Remarks 1981 14TH AVE, SAN FRANCISCO CA 94116
Carlos Alberini director C/O LUCKY BRAND, LLC, 540 SOUTH SANTA FE AVE., LOS ANGELES CA 90013
Mark S Demilio director 6950 COLUMBIA GATEWAY DR STE 400, COLUMBIA MD 21046
Hilary K Krane director ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Stefan Duban officer: SEE REMARKS 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Gary G Friedman director, 10 percent owner, officer: Chairman & CEO C/O RESTORATION HARDWARE INC, 15 KOCH RD. SUITE J, CORTE MADERA CA 94925
Christina Hargarten officer: See Remarks 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
David Stanchak officer: See Remarks C/O RH, 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Demonty Price officer: Please See Remarks C/O RESTORATION HARDWARE HOLDINGS, INC., 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Kathleen C. Mitic director C/O EBAY INC., 2065 HAMILTON AVENUE, SAN JOSE CA 95125
Glenda M Citragno officer: Chief Accounting Officer 15 KOCH ROAD, CORTE MADERA CA 94925
Ali Rowghani director 101 SECOND STREET, SUITE 1400, SAN FRANCISCO CA 94105