GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » VF Corp (WBO:VFC) » Definitions » Cyclically Adjusted PB Ratio

VF (WBO:VFC) Cyclically Adjusted PB Ratio : 1.15 (As of Jun. 01, 2024)


View and export this data going back to 2018. Start your Free Trial

What is VF Cyclically Adjusted PB Ratio?

As of today (2024-06-01), VF's current share price is €12.692. VF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.02. VF's Cyclically Adjusted PB Ratio for today is 1.15.

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

WBO:VFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 5.83   Max: 8.39
Current: 1.12

During the past years, VF's highest Cyclically Adjusted PB Ratio was 8.39. The lowest was 1.02. And the median was 5.83.

WBO:VFC's Cyclically Adjusted PB Ratio is ranked better than
51.57% of 764 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.08 vs WBO:VFC: 1.12

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.

VF's adjusted book value per share data for the three months ended in Mar. 2024 was €3.924. 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 €11.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


VF Cyclically Adjusted PB Ratio Historical Data

The historical data trend for VF'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.

VF Cyclically Adjusted PB Ratio Chart

VF Annual Data
Trend Dec15 Dec16 Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.52 6.69 4.51 1.82 1.29

VF Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.82 1.52 1.43 1.57 1.29

Competitive Comparison of VF's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, VF'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.


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

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

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



VF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.692/11.02
=1.15

* 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.

VF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, VF's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.924/131.7762*131.7762
=3.924

Current CPI (Mar. 2024) = 131.7762.

VF Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.656 100.560 12.654
201409 10.539 100.428 13.829
201412 10.550 99.070 14.033
201503 10.663 99.621 14.105
201506 10.401 100.684 13.613
201509 11.207 100.392 14.711
201512 11.587 99.792 15.301
201603 10.539 100.470 13.823
201606 9.960 101.688 12.907
201609 10.495 101.861 13.577
201612 11.314 101.863 14.637
201703 10.047 102.862 12.871
201706 8.247 103.349 10.515
201709 8.374 104.136 10.597
201712 7.941 104.011 10.061
201803 7.585 105.290 9.493
201806 8.075 106.317 10.009
201809 9.019 106.507 11.159
201812 9.559 105.998 11.884
201903 9.587 107.251 11.779
201906 9.233 108.070 11.258
201909 10.580 108.329 12.870
201912 10.420 108.420 12.665
202003 7.815 108.902 9.457
202006 6.638 108.767 8.042
202009 6.412 109.815 7.694
202012 6.598 109.897 7.912
202103 6.550 111.754 7.723
202106 6.921 114.631 7.956
202109 7.788 115.734 8.867
202112 8.314 117.630 9.314
202203 8.255 121.301 8.968
202206 8.164 125.017 8.605
202209 8.020 125.227 8.439
202212 8.063 125.222 8.485
202303 6.995 127.348 7.238
202306 6.449 128.729 6.602
202309 5.325 129.860 5.404
202312 4.974 129.419 5.065
202403 3.924 131.776 3.924

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.


VF  (WBO:VFC) 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.


VF Cyclically Adjusted PB Ratio Related Terms

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


VF (WBO:VFC) Business Description

Address
1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of about a dozen brands includes Vans, The North Face, Timberland, Supreme, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. The company has grown through multiple acquisitions and traces its roots to 1899.

VF (WBO:VFC) Headlines

From GuruFocus

Q3 2023 VF Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

VF Corp to Acquire Supreme� - Conference Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 VF Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2019 VF Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2024 VF Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2021 VF Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2023 VF Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024