Bath & Body Works (FRA:LTD0) Cyclically Adjusted Book per Share: € (As of Jul. 2026)

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FRA:LTD0 Bath & Body Works Inc FRA:LTD0
67 GF Score
Price €14.92
GF Value €28.19
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Bath & Body Works Cyclically Adjusted Book per Share?

Bath & Body Works FRA:LTD0 +2.19% 67 Cyclically Adjusted Book per Share is € as of Jul. 2026. GuruFocus rates FRA:LTD0 with a GF Score™ of 67/100 and a GF Value™ of €28.19 (Significantly Undervalued). The stock has 5 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.

Bath & Body Works's adjusted book value per share for the three months ended in Jul. 2026 was €-4.535. 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 for the trailing ten years ended in Jul. 2026.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -12.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -19.90% 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 Bath & Body Works was 12.40% per year. The lowest was -94.90% per year. And the median was 0.70% per year.

As of today (2026-09-21), Bath & Body Works's current stock price is €14.92. Bath & Body Works's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 was . Bath & Body Works's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bath & Body Works was 375.81. The lowest was 22.00. And the median was 30.17.


Bath & Body Works  (FRA:LTD0) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bath & Body Works was 375.81. The lowest was 22.00. And the median was 30.17.


Be Aware

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


Bath & Body Works Cyclically Adjusted Book per Share Related Terms


Bath & Body Works Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bath & Body Works'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.

Bath & Body Works Cyclically Adjusted Book per Share Chart

Bath & Body Works Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Book per Share
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Bath & Body Works Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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FRA:LTD0 vs MNSO, RH, ASO: Cyclically Adjusted Book per Share Comparison

For the Specialty Retail subindustry, Bath & Body Works'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.


Bath & Body Works Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

* The bar in red indicates where Bath & Body Works's Cyclically Adjusted PB Ratio falls into.


FRA:LTD0
67GF Score
Bath & Body Works Inc FRA:LTD0
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bath & Body Works 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, Bath & Body Works's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book= Book Value per Share /CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=-4.535/333.9180*333.9180
=-4.535

Current CPI (Jul. 2026) = 333.9180.

Bath & Body Works Quarterly Data

Book Value per Share CPI Adj_Book
201610 -3.789 241.729 -5.234
201701 -2.352 242.839 -3.234
201704 -2.681 244.524 -3.661
201707 -2.705 244.786 -3.690
201710 -3.406 246.663 -4.611
201801 -2.153 247.867 -2.900
201804 -2.885 250.546 -3.845
201807 -3.487 252.006 -4.620
201810 -4.211 252.885 -5.560
201901 -2.741 251.712 -3.636
201904 -2.903 255.548 -3.793
201907 -3.023 256.571 -3.934
201910 -4.021 257.346 -5.217
202001 -4.870 257.971 -6.304
202004 -6.102 256.389 -7.947
202007 -5.792 259.101 -7.464
202010 -4.830 260.388 -6.194
202101 -1.957 261.582 -2.498
202104 -1.598 267.054 -1.998
202107 -3.781 273.003 -4.625
202110 -5.567 276.589 -6.721
202201 -5.328 281.148 -6.328
202204 -10.676 289.109 -12.331
202207 -11.450 296.276 -12.905
202210 -11.573 298.012 -12.967
202301 -8.866 299.170 -9.896
202304 -8.583 303.363 -9.447
202307 -8.569 305.691 -9.360
202310 -8.852 307.671 -9.607
202401 -6.653 308.417 -7.203
202404 -7.029 313.548 -7.486
202407 -7.217 314.540 -7.662
202410 -7.420 315.664 -7.849
202501 -6.159 317.671 -6.474
202504 -6.017 320.795 -6.263
202507 -6.498 323.048 -6.717
202510 -6.728 0.000
202601 -5.349 325.252 -5.492
202604 -4.797 333.020 -4.810
202607 -4.535 333.918 -4.535

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 € mean?
Bath & Body Works (FRA:LTD0) has a Cyclically Adjusted Book per Share of € as of Jul. 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 Bath & Body Works and its competitors.
Is Bath & Body Works' Cyclically Adjusted Book per Share too high?
Bath & Body Works' current Cyclically Adjusted Book per Share is €. Overall, Bath & Body Works has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bath & Body Works' Cyclically Adjusted Book per Share compare to MNSO and RH?
Bath & Body Works' Cyclically Adjusted Book per Share of € 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 Bath & Body Works and its competitors. Bath & Body Works's current Cyclically Adjusted Book per Share is €. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bath & Body Works stock overvalued right now?
Based on GuruFocus' analysis, Bath & Body Works (FRA:LTD0) is currently considered Significantly Undervalued. The stock's GF Value™ is €28.19, compared to a current price of €14.92 — trading 47.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is €. Bath & Body Works' overall GF Score™ is 67/100 with 5 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 Bath & Body Works (FRA:LTD0), the current Cyclically Adjusted Book per Share is € as of Jul. 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 Bath & Body Works (FRA:LTD0) Overvalued in 2026?

Based on GuruFocus' analysis, Bath & Body Works stock appears to be undervalued. The current stock price of €14.92 is trading 47.1% below its estimated GF Value™ of €28.19. GuruFocus considers Bath & Body Works to be Significantly Undervalued.

Key valuation signals for FRA:LTD0:

  • Cyclically Adjusted Book per Share:
  • GF Value™: €28.19 vs. price of €14.92 (47.1% below fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the FRA:LTD0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bath & Body Works Business Description

Address Three Limited Parkway, Columbus, OH, USA, 43230
Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with just 4% of sales from international markets in fiscal 2025. For fiscal 2025, 77% of sales stemmed from the brick-and-mortar network of more than 1,900 retail stores, similar to 2024 levels, as consumer shopping patterns remained normal. Future growth is expected from store upgrades, digital and international channels, as well as adjacent category expansions like men's and lip.
67GF Score

Get the complete analysis for FRA:LTD0

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

€14.92
Price
€28.19
GF Value