Duluth Holdings (FRA:6DU) Cyclically Adjusted Book per Share: €5.28 (As of Apr. 2026)


FRA:6DU Duluth Holdings Inc FRA:6DU
55 GF Score
Price €3.46
GF Value €2.64
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Duluth Holdings Cyclically Adjusted Book per Share?

Duluth Holdings FRA:6DU +0.58% 55 Cyclically Adjusted Book per Share is €5.28 as of Apr. 2026. GuruFocus rates FRA:6DU with a GF Score™ of 55/100 and a GF Value™ of €2.64 (Modestly Overvalued). The stock has 2 warning signs investors should review.

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.

Duluth Holdings's adjusted book value per share for the three months ended in Apr. 2026 was €3.582. 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 €5.28 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Duluth Holdings's average Cyclically Adjusted Book Growth Rate was 7.00% 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.

As of today (2026-07-12), Duluth Holdings's current stock price is €3.46. Duluth Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €5.28. Duluth Holdings's Cyclically Adjusted PB Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Duluth Holdings was 0.83. The lowest was 0.30. And the median was 0.54.


Duluth Holdings  (FRA:6DU) 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.

Duluth Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.46/5.28
=0.66

* 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 Duluth Holdings was 0.83. The lowest was 0.30. And the median was 0.54.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Duluth Holdings Cyclically Adjusted Book per Share Related Terms


Duluth Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Duluth Holdings'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.

Duluth Holdings Cyclically Adjusted Book per Share Chart

Duluth Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 5.51 4.90

Duluth Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 4.98 5.33 5.11 4.90 5.28

FRA:6DU vs TLYS, CURV, AKA: Cyclically Adjusted Book per Share Comparison

For the Apparel Retail subindustry, Duluth Holdings'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.


Duluth Holdings Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRA:6DU
55GF Score
Duluth Holdings Inc FRA:6DU
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Duluth Holdings 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, Duluth Holdings's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book= Book Value per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=3.582/333.0200*333.0200
=3.582

Current CPI (Apr. 2026) = 333.0200.

Duluth Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201607 2.687 240.628 3.719
201610 2.718 241.729 3.744
201701 3.228 242.839 4.427
201704 3.217 244.524 4.381
201707 3.109 244.786 4.230
201710 3.044 246.663 4.110
201801 3.437 247.867 4.618
201804 3.381 250.546 4.494
201807 3.728 252.006 4.926
201810 3.717 252.885 4.895
201901 4.312 251.712 5.705
201904 4.113 255.548 5.360
201907 4.188 256.571 5.436
201910 4.266 257.346 5.520
202001 4.937 257.971 6.373
202004 4.581 256.389 5.950
202007 4.498 259.101 5.781
202010 4.429 260.388 5.664
202101 4.836 261.582 6.157
202104 4.936 267.054 6.155
202107 5.230 273.003 6.380
202110 5.418 276.589 6.523
202201 6.038 281.148 7.152
202204 6.239 289.109 7.187
202207 6.710 296.276 7.542
202210 6.739 298.012 7.531
202301 6.394 299.170 7.117
202304 6.014 303.363 6.602
202307 5.926 305.691 6.456
202310 5.964 307.671 6.455
202401 5.948 308.417 6.422
202404 5.802 313.548 6.162
202407 5.669 314.540 6.002
202410 4.910 315.664 5.180
202501 5.016 317.671 5.258
202504 4.238 320.795 4.400
202507 3.972 323.048 4.095
202510 3.759 0.000
202601 3.913 325.252 4.006
202604 3.582 333.020 3.582

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

What does a Cyclically Adjusted Book per Share of €5.28 mean?
Duluth Holdings (FRA:6DU) has a Cyclically Adjusted Book per Share of €5.28 as of Apr. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Duluth Holdings and its competitors.
Is Duluth Holdings' Cyclically Adjusted Book per Share too high?
Duluth Holdings' current Cyclically Adjusted Book per Share is €5.28. Overall, Duluth Holdings has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Duluth Holdings' Cyclically Adjusted Book per Share compare to TLYS and CURV?
Duluth Holdings' Cyclically Adjusted Book per Share of €5.28 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Duluth Holdings and its competitors. Duluth Holdings's current Cyclically Adjusted Book per Share is €5.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duluth Holdings stock overvalued right now?
Based on GuruFocus' analysis, Duluth Holdings (FRA:6DU) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.64, compared to a current price of €3.46 — trading 31.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is €5.28. Duluth Holdings' overall GF Score™ is 55/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Duluth Holdings (FRA:6DU), the current Cyclically Adjusted Book per Share is €5.28 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Duluth Holdings (FRA:6DU) Overvalued in 2026?

Based on GuruFocus' analysis, Duluth Holdings stock appears to be overvalued. The current stock price of €3.46 is trading 31.1% above its estimated GF Value™ of €2.64. GuruFocus considers Duluth Holdings to be Modestly Overvalued.

Key valuation signals for FRA:6DU:

  • Cyclically Adjusted Book per Share: €5.28
  • GF Value™: €2.64 vs. price of €3.46 (31.1% above fair value)
  • GF Score™: 55/100 with 2 warning signs

No single metric tells the full story. See the FRA:6DU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Duluth Holdings Business Description

Other Exchanges DLTH:USA
Address 201 East Front Street, Mount Horeb, WI, USA, 53572
Duluth Holdings Inc is an apparel brand in the United States. The company offers shirts, pants, and casual wear for men and women under brands like Alaskan Hardgear, Armachillo, Ballroom, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No Polo Shirt, No Yank, Wild Boar, and others. The Company's revenue consists of the sale of apparel, footwear, and hard goods. The company operates in a single operating segment.
55GF Score

Get the complete analysis for FRA:6DU

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.46
Price
€2.64
GF Value