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PVH (PVH) Cyclically Adjusted PB Ratio : 1.37 (As of Apr. 27, 2024)


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What is PVH Cyclically Adjusted PB Ratio?

As of today (2024-04-27), PVH's current share price is $111.03. PVH's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $81.01. PVH's Cyclically Adjusted PB Ratio for today is 1.37.

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

PVH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 2.18   Max: 5.37
Current: 1.37

During the past years, PVH's highest Cyclically Adjusted PB Ratio was 5.37. The lowest was 0.52. And the median was 2.18.

PVH's Cyclically Adjusted PB Ratio is ranked worse than
61.12% of 643 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.96 vs PVH: 1.37

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.

PVH's adjusted book value per share data for the three months ended in Jan. 2024 was $88.819. 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 $81.01 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PVH Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PVH'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.

PVH Cyclically Adjusted PB Ratio Chart

PVH Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 1.36 1.35 1.16 1.48

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 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 1.16 1.09 1.12 0.92 1.48

Competitive Comparison of PVH's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, PVH'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.


PVH's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



PVH 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.03/81.01
=1.37

* 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 Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, PVH'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)
=88.819/129.4194*129.4194
=88.819

Current CPI (Jan. 2024) = 129.4194.

PVH Quarterly Data

Book Value per Share CPI Adj_Book
201404 54.415 100.023 70.407
201407 54.589 100.520 70.283
201410 55.598 100.176 71.829
201501 52.893 98.604 69.423
201504 53.865 99.824 69.835
201507 53.364 100.691 68.590
201510 55.379 100.346 71.424
201601 55.865 99.957 72.331
201604 60.039 100.947 76.973
201607 59.796 101.524 76.226
201610 60.326 101.988 76.552
201701 61.164 102.456 77.260
201704 62.485 103.167 78.385
201707 65.681 103.278 82.306
201710 68.108 104.070 84.698
201801 71.735 104.578 88.775
201804 72.214 105.708 88.412
201807 72.547 106.324 88.305
201810 74.841 106.695 90.781
201901 77.288 106.200 94.186
201904 76.702 107.818 92.069
201907 78.866 108.250 94.289
201910 81.649 108.577 97.322
202001 80.388 108.841 95.587
202004 63.544 108.173 76.025
202007 64.475 109.318 76.331
202010 65.771 109.861 77.480
202101 66.475 110.364 77.952
202104 67.850 112.673 77.935
202107 70.448 115.183 79.155
202110 73.524 116.696 81.540
202201 77.170 118.619 84.196
202204 78.136 121.978 82.903
202207 79.361 125.002 82.166
202210 75.579 125.734 77.794
202301 79.936 126.223 81.960
202304 81.739 127.992 82.651
202307 83.020 128.974 83.307
202310 84.349 129.810 84.095
202401 88.819 129.419 88.819

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.


PVH  (NYSE:PVH) 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.


PVH Cyclically Adjusted PB Ratio Related Terms

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


PVH (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.
Executives
Mark D Fischer officer: EVP, General Counsel & Sec. C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Julie Fuller officer: Chief People Officer 200 MADISON AVENUE, NEW YORK NY 10016
Martijn Hagman officer: CEO, PVH Europe C/O PVH CORP., 200 MADISON AVENUE, NEW YORK NY 10016
Eva Serrano officer: Global Brand President, CK C/O PVH CORP, 285 MADISONAVENUE, NEW YORK NY 10017
James Holmes officer: EVP & Controller C/O PVH CORP., 200 MADISON AVENUE, NEW YORK NY 10016
Zachary Coughlin officer: EVP, Chief Financial Officer 285 MADISON AVENUE, NEW YORK NY 10017
Stefan Larsson director, officer: Chief Executive Officer TWO FOLSOM STREET, SAN FRANCISCO CA 94105
Ajay Bhalla director 2000 PURCHASE STREET, PURCHASE NY 10577
Sourry Knox Judith Amanda director C/O 200 MADISON AVENUE, NEW YORK NY 10016
Brent Callinicos director C/O 706 MISSION STREET, SAN FRANCISCO CA 94103
Edward R. Rosenfeld director C/O STEVEN MADDEN, LTD., 52-16 BARNETT AVENUE, LONG ISLAND CITY NY 11104
Vincent James Marino director C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563
Joseph B Fuller director TWO CANAL PARK, CAMBRIDGE MA 02141
George Cheeks director 200 MADISON AVENUE, NEW YORK NY 10016
Allison Peterson director 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423