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Ross Stores (FRA:RSO) Cyclically Adjusted PB Ratio : 12.58 (As of May. 05, 2024)


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What is Ross Stores Cyclically Adjusted PB Ratio?

As of today (2024-05-05), Ross Stores's current share price is €119.36. Ross Stores's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €9.49. Ross Stores's Cyclically Adjusted PB Ratio for today is 12.58.

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

FRA:RSO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.55   Med: 15.43   Max: 20.39
Current: 12.85

During the past years, Ross Stores's highest Cyclically Adjusted PB Ratio was 20.39. The lowest was 8.55. And the median was 15.43.

FRA:RSO's Cyclically Adjusted PB Ratio is ranked worse than
95.29% of 722 companies
in the Retail - Cyclical industry
Industry Median: 1.165 vs FRA:RSO: 12.85

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.

Ross Stores's adjusted book value per share data for the three months ended in Jan. 2024 was €13.342. 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 €9.49 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ross Stores Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ross Stores'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.

Ross Stores Cyclically Adjusted PB Ratio Chart

Ross Stores 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 18.40 16.58 12.29 12.87 13.78

Ross Stores 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 12.87 11.25 11.76 11.60 13.78

Competitive Comparison of Ross Stores's Cyclically Adjusted PB Ratio

For the Apparel Retail subindustry, Ross Stores'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.


Ross Stores's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Ross Stores 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.

Ross Stores's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=119.36/9.49
=12.58

* 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.

Ross Stores's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Ross Stores'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)
=13.342/129.4194*129.4194
=13.342

Current CPI (Jan. 2024) = 129.4194.

Ross Stores Quarterly Data

Book Value per Share CPI Adj_Book
201404 3.550 100.023 4.593
201407 3.785 100.520 4.873
201410 4.139 100.176 5.347
201501 4.729 98.604 6.207
201504 5.242 99.824 6.796
201507 5.316 100.691 6.833
201510 5.267 100.346 6.793
201601 5.659 99.957 7.327
201604 5.600 100.947 7.180
201607 5.966 101.524 7.605
201610 6.104 101.988 7.746
201701 6.591 102.456 8.326
201704 6.659 103.167 8.353
201707 6.385 103.278 8.001
201710 6.366 104.070 7.917
201801 6.587 104.578 8.152
201804 6.766 105.708 8.284
201807 7.291 106.324 8.875
201810 7.473 106.695 9.065
201901 7.864 106.200 9.583
201904 7.962 107.818 9.557
201907 8.119 108.250 9.707
201910 8.243 108.577 9.825
202001 8.483 108.841 10.087
202004 7.282 108.173 8.712
202007 7.007 109.318 8.295
202010 7.199 109.861 8.481
202101 7.578 110.364 8.886
202104 8.551 112.673 9.822
202107 9.285 115.183 10.433
202110 9.708 116.696 10.766
202201 10.204 118.619 11.133
202204 10.715 121.978 11.369
202207 11.672 125.002 12.084
202210 12.207 125.734 12.565
202301 11.611 126.223 11.905
202304 11.527 127.992 11.656
202307 11.880 128.974 11.921
202310 12.880 129.810 12.841
202401 13.342 129.419 13.342

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.


Ross Stores  (FRA:RSO) 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.


Ross Stores Cyclically Adjusted PB Ratio Related Terms

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


Ross Stores (FRA:RSO) Business Description

Address
5130 Hacienda Drive, Dublin, CA, USA, 94568-7579
Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.

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