The Home Depot (MEX:HD) Cyclically Adjusted Book per Share: MXN50.70 (As of Apr. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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MEX:HD The Home Depot Inc MEX:HD
66 GF Score
Price MXN5,790.00
GF Value MXN6,644.66
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is The Home Depot Cyclically Adjusted Book per Share?

The Home Depot MEX:HD -3.18% 66 Cyclically Adjusted Book per Share is MXN50.70 as of Apr. 2026. GuruFocus rates MEX:HD with a GF Score™ of 66/100 and a GF Value™ of MXN6,644.66 (Modestly Undervalued). The stock has 3 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.

The Home Depot's adjusted book value per share for the three months ended in Apr. 2026 was MXN243.750. 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 MXN50.70 for the trailing ten years ended in Apr. 2026.

During the past 12 months, The Home Depot's average Cyclically Adjusted Book Growth Rate was 23.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -12.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -17.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -15.60% 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 The Home Depot was 23.40% per year. The lowest was -23.10% per year. And the median was 4.20% per year.

As of today (2026-07-21), The Home Depot's current stock price is MXN5790.00. The Home Depot's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was MXN50.70. The Home Depot's Cyclically Adjusted PB Ratio of today is 114.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Home Depot was 178.25. The lowest was 11.17. And the median was 55.83.


The Home Depot  (MEX:HD) 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.

The Home Depot's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5790.00/50.70
=114.20

* 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 The Home Depot was 178.25. The lowest was 11.17. And the median was 55.83.


Be Aware

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


The Home Depot Cyclically Adjusted Book per Share Related Terms


The Home Depot Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for The Home Depot'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.

The Home Depot Cyclically Adjusted Book per Share Chart

The Home Depot 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 106.54 75.10 49.48 48.74 46.77

The Home Depot 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 45.44 45.34 46.76 46.77 50.70

MEX:HD vs LOW, FND, HVT: Cyclically Adjusted Book per Share Comparison

For the Home Improvement Retail subindustry, The Home Depot'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.


The Home Depot Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


MEX:HD
66GF Score
The Home Depot Inc MEX:HD
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Home Depot 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, The Home Depot'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)
=243.75/333.0200*333.0200
=243.750

Current CPI (Apr. 2026) = 333.0200.

The Home Depot Quarterly Data

Book Value per Share CPI Adj_Book
201607 101.045 240.628 139.842
201610 86.588 241.729 119.289
201701 75.046 242.839 102.915
201704 62.670 244.524 85.351
201707 53.843 244.786 73.251
201710 41.648 246.663 56.229
201801 23.381 247.867 31.413
201804 27.442 250.546 36.475
201807 32.632 252.006 43.122
201810 23.640 252.885 31.131
201901 -32.381 251.712 -42.841
201904 -36.971 255.548 -48.179
201907 -20.102 256.571 -26.092
201910 -19.033 257.346 -24.630
202001 -54.653 257.971 -70.553
202004 -77.776 256.389 -101.022
202007 -8.552 259.101 -10.992
202010 30.352 260.388 38.818
202101 62.044 261.582 78.988
202104 33.104 267.054 41.281
202107 38.884 273.003 47.432
202110 20.335 276.589 24.484
202201 -33.817 281.148 -40.056
202204 -33.813 289.109 -38.949
202207 4.713 296.276 5.298
202210 25.258 298.012 28.225
202301 28.900 299.170 32.170
202304 6.466 303.363 7.098
202307 22.297 305.691 24.290
202310 25.919 307.671 28.054
202401 18.077 308.417 19.519
202404 31.307 313.548 33.251
202407 82.780 314.540 87.644
202410 116.684 315.664 123.100
202501 137.803 317.671 144.461
202504 156.633 320.795 162.602
202507 201.492 323.048 207.712
202510 225.751 0.000
202601 223.299 325.252 228.632
202604 243.750 333.020 243.750

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 MXN50.70 mean?
The Home Depot (MEX:HD) has a Cyclically Adjusted Book per Share of MXN50.70 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 The Home Depot and its competitors.
Is The Home Depot's Cyclically Adjusted Book per Share too high?
The Home Depot's current Cyclically Adjusted Book per Share is MXN50.70. Overall, The Home Depot has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Home Depot's Cyclically Adjusted Book per Share compare to LOW and FND?
The Home Depot's Cyclically Adjusted Book per Share of MXN50.70 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 The Home Depot and its competitors. The Home Depot's current Cyclically Adjusted Book per Share is MXN50.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Home Depot stock overvalued right now?
Based on GuruFocus' analysis, The Home Depot (MEX:HD) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN6,644.66, compared to a current price of MXN5,790.00 — trading 12.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN50.70. The Home Depot's overall GF Score™ is 66/100 with 3 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 The Home Depot (MEX:HD), the current Cyclically Adjusted Book per Share is MXN50.70 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 The Home Depot (MEX:HD) Overvalued in 2026?

Based on GuruFocus' analysis, The Home Depot stock appears to be undervalued. The current stock price of MXN5,790.00 is trading 12.9% below its estimated GF Value™ of MXN6,644.66. GuruFocus considers The Home Depot to be Modestly Undervalued.

Key valuation signals for MEX:HD:

  • Cyclically Adjusted Book per Share: MXN50.70
  • GF Value™: MXN6,644.66 vs. price of MXN5,790.00 (12.9% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


The Home Depot Business Description

Address 2455 Paces Ferry Road, Atlanta, GA, USA, 30339
Home Depot is the world's largest home improvement specialty retailer, operating 2,361 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the US, Canada, and Mexico. Its stores offer building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The 2024 tie-up with SRS will help grow professional demand in roofing, pool, and landscaping projects, while the 2025 purchase of GMS will lift building product sales through 1,250 distribution locations.
66GF Score

Get the complete analysis for MEX:HD

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

MXN5,790.00
Price
MXN6,644.66
GF Value