Buckle (FRA:BK2) Cyclically Adjusted Book per Share: €8.69 (As of Apr. 2026)


FRA:BK2 Buckle Inc FRA:BK2
78 GF Score
Price €36.42
GF Value €39.27
Valuation Fairly Valued
! 2 Warning Signs
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What is Buckle Cyclically Adjusted Book per Share?

Buckle FRA:BK2 -0.33% 78 Cyclically Adjusted Book per Share is €8.69 as of Apr. 2026. GuruFocus rates FRA:BK2 with a GF Score™ of 78/100 and a GF Value™ of €39.27 (Fairly Valued). 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.

Buckle's adjusted book value per share for the three months ended in Apr. 2026 was €7.615. 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 €8.69 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Buckle's average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.40% 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 Buckle was 19.70% per year. The lowest was 0.70% per year. And the median was 3.80% per year.

As of today (2026-07-05), Buckle's current stock price is €36.42. Buckle's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €8.69. Buckle's Cyclically Adjusted PB Ratio of today is 4.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Buckle was 5.96. The lowest was 1.51. And the median was 3.37.


Buckle  (FRA:BK2) 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.

Buckle's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=36.42/8.69
=4.19

* 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 Buckle was 5.96. The lowest was 1.51. And the median was 3.37.


Be Aware

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


Buckle Cyclically Adjusted Book per Share Related Terms


Buckle Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Buckle'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.

Buckle Cyclically Adjusted Book per Share Chart

Buckle Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.51 8.24 8.81 9.26 9.81

Buckle 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 8.89 8.82 8.60 8.36 8.69

FRA:BK2 vs CRI, AEO, SFIX: Cyclically Adjusted Book per Share Comparison

For the Apparel Retail subindustry, Buckle'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.


Buckle Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRA:BK2
78GF Score
Buckle Inc FRA:BK2
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Buckle 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, Buckle'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)
=7.615/333.0200*333.0200
=7.615

Current CPI (Apr. 2026) = 333.0200.

Buckle Quarterly Data

Book Value per Share CPI Adj_Book
201607 8.017 240.628 11.095
201610 8.276 241.729 11.402
201701 8.323 242.839 11.414
201704 8.332 244.524 11.347
201707 7.759 244.786 10.556
201710 7.770 246.663 10.490
201801 6.572 247.867 8.830
201804 6.634 250.546 8.818
201807 7.057 252.006 9.326
201810 7.327 252.885 9.649
201901 7.039 251.712 9.313
201904 7.194 255.548 9.375
201907 7.306 256.571 9.483
201910 7.664 257.346 9.918
202001 7.126 257.971 9.199
202004 7.038 256.389 9.142
202007 7.295 259.101 9.376
202010 7.611 260.388 9.734
202101 6.591 261.582 8.391
202104 7.390 267.054 9.215
202107 8.115 273.003 9.899
202110 9.104 276.589 10.961
202201 5.563 281.148 6.589
202204 6.536 289.109 7.529
202207 7.633 296.276 8.580
202210 8.827 298.012 9.864
202301 6.971 299.170 7.760
202304 7.324 303.363 8.040
202307 7.823 305.691 8.522
202310 8.899 307.671 9.632
202401 7.520 308.417 8.120
202404 7.962 313.548 8.456
202407 8.328 314.540 8.817
202410 8.830 315.664 9.315
202501 8.063 317.671 8.453
202504 7.747 320.795 8.042
202507 7.977 323.048 8.223
202510 8.576 0.000
202601 7.064 325.252 7.233
202604 7.615 333.020 7.615

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 €8.69 mean?
Buckle (FRA:BK2) has a Cyclically Adjusted Book per Share of €8.69 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 Buckle and its competitors.
Is Buckle's Cyclically Adjusted Book per Share too high?
Buckle's current Cyclically Adjusted Book per Share is €8.69. Overall, Buckle has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Buckle's Cyclically Adjusted Book per Share compare to CRI and AEO?
Buckle's Cyclically Adjusted Book per Share of €8.69 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 Buckle and its competitors. Buckle's current Cyclically Adjusted Book per Share is €8.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Buckle stock overvalued right now?
Based on GuruFocus' analysis, Buckle (FRA:BK2) is currently considered Fairly Valued. The stock's GF Value™ is €39.27, compared to a current price of €36.42 — trading 7.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is €8.69. Buckle's overall GF Score™ is 78/100 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 Buckle (FRA:BK2), the current Cyclically Adjusted Book per Share is €8.69 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 Buckle (FRA:BK2) Overvalued in 2026?

Based on GuruFocus' analysis, Buckle stock appears to be undervalued. The current stock price of €36.42 is trading 7.3% below its estimated GF Value™ of €39.27. GuruFocus considers Buckle to be Fairly Valued.

Key valuation signals for FRA:BK2:

  • Cyclically Adjusted Book per Share: €8.69
  • GF Value™: €39.27 vs. price of €36.42 (7.3% below fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the FRA:BK2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Buckle Business Description

Other Exchanges BKE:USA0HQ7:UKBK2:Germany
Address 2407 West 24th Street, Kearney, NE, USA, 68845-4915
Buckle Inc is a retailer of casual apparel, footwear, and accessories. The company retails medium to affordable priced casual apparel, footwear, and accessories for fashion-conscious young men and women. It retails under the brand names 'Buckle' and 'The Buckle'. Buckle markets a wide selection of mostly brand-name casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear.
78GF Score

Get the complete analysis for FRA:BK2

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

€36.42
Price
€39.27
GF Value