SHOE (Shoe Station Group) Cyclically Adjusted Book per Share: $17.70 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHOE Shoe Station Group Inc SHOE
76 GF Score
Price $16.11
GF Value $22.02
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Shoe Station Group Cyclically Adjusted Book per Share?

Shoe Station Group SHOE +2.29% 76 Cyclically Adjusted Book per Share is $17.70 as of Apr. 2026. GuruFocus rates SHOE with a GF Score™ of 76/100 and a GF Value™ of $22.02 (Modestly Undervalued). 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.

Shoe Station Group's adjusted book value per share for the three months ended in Apr. 2026 was $24.802. 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 $17.70 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Shoe Station Group's average Cyclically Adjusted Book Growth Rate was 12.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.50% 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 Shoe Station Group was 13.50% per year. The lowest was 5.90% per year. And the median was 8.65% per year.

As of today (2026-08-10), Shoe Station Group's current stock price is $16.11. Shoe Station Group's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $17.70. Shoe Station Group's Cyclically Adjusted PB Ratio of today is 0.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shoe Station Group was 4.06. The lowest was 0.82. And the median was 1.93.


Shoe Station Group  (NAS:SHOE) 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.

Shoe Station Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.11/17.70
=0.91

* 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 Shoe Station Group was 4.06. The lowest was 0.82. And the median was 1.93.


Be Aware

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


Shoe Station Group Cyclically Adjusted Book per Share Related Terms


Shoe Station Group Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Shoe Station Group'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.

Shoe Station Group Cyclically Adjusted Book per Share Chart

Shoe Station Group 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 10.65 12.20 13.65 15.30 16.98

Shoe Station Group 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 15.76 16.20 16.62 16.98 17.70

SHOE vs CAL, GCO, LE: Cyclically Adjusted Book per Share Comparison

For the Apparel Retail subindustry, Shoe Station Group'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.


Shoe Station Group Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


SHOE
76GF Score
Shoe Station Group Inc SHOE
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shoe Station Group 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, Shoe Station Group'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)
=24.802/333.0200*333.0200
=24.802

Current CPI (Apr. 2026) = 333.0200.

Shoe Station Group Quarterly Data

Book Value per Share CPI Adj_Book
201607 8.725 240.628 12.075
201610 8.903 241.729 12.265
201701 8.792 242.839 12.057
201704 8.773 244.524 11.948
201707 8.820 244.786 11.999
201710 9.131 246.663 12.328
201801 9.067 247.867 12.182
201804 9.377 250.546 12.464
201807 9.751 252.006 12.886
201810 9.915 252.885 13.057
201901 9.900 251.712 13.098
201904 9.921 255.548 12.929
201907 10.321 256.571 13.396
201910 10.598 257.346 13.714
202001 10.614 257.971 13.702
202004 9.918 256.389 12.882
202007 10.247 259.101 13.170
202010 10.750 260.388 13.749
202101 10.995 261.582 13.998
202104 12.357 267.054 15.409
202107 13.808 273.003 16.844
202110 15.358 276.589 18.491
202201 16.067 281.148 19.031
202204 16.519 289.109 19.028
202207 17.514 296.276 19.686
202210 18.611 298.012 20.797
202301 19.347 299.170 21.536
202304 19.669 303.363 21.592
202307 20.304 305.691 22.119
202310 21.006 307.671 22.737
202401 21.503 308.417 23.218
202404 22.012 313.548 23.379
202407 22.761 314.540 24.098
202410 23.391 315.664 24.677
202501 23.883 317.671 25.037
202504 23.909 320.795 24.820
202507 24.502 323.048 25.258
202510 24.956 0.000
202601 25.194 325.252 25.796
202604 24.802 333.020 24.802

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 $17.70 mean?
Shoe Station Group (SHOE) has a Cyclically Adjusted Book per Share of $17.70 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 Shoe Station Group and its competitors.
Is Shoe Station Group's Cyclically Adjusted Book per Share too high?
Shoe Station Group's current Cyclically Adjusted Book per Share is $17.70. Overall, Shoe Station Group has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoe Station Group's Cyclically Adjusted Book per Share compare to CAL and GCO?
Shoe Station Group's Cyclically Adjusted Book per Share of $17.70 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 Shoe Station Group and its competitors. Shoe Station Group's current Cyclically Adjusted Book per Share is $17.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoe Station Group stock overvalued right now?
Based on GuruFocus' analysis, Shoe Station Group (SHOE) is currently considered Modestly Undervalued. The stock's GF Value™ is $22.02, compared to a current price of $16.11 — trading 26.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is $17.70. Shoe Station Group's overall GF Score™ is 76/100 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 Shoe Station Group (SHOE), the current Cyclically Adjusted Book per Share is $17.70 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 Shoe Station Group (SHOE) Overvalued in 2026?

Based on GuruFocus' analysis, Shoe Station Group stock appears to be undervalued. The current stock price of $16.11 is trading 26.8% below its estimated GF Value™ of $22.02. GuruFocus considers Shoe Station Group to be Modestly Undervalued.

Key valuation signals for SHOE:

  • Cyclically Adjusted Book per Share: $17.70
  • GF Value™: $22.02 vs. price of $16.11 (26.8% below fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Shoe Station Group Business Description

Address 1800 Innovation Point, 5th Floor, Fort Mill, SC, USA, 29715
Shoe Station Group Inc is a one-stop family footwear destination that offers an impressive selection from top brands. It is a fashion destination for footwear, southern-inspired accessories, and apparel. The group has physical stores throughout five Southern states and is available online at ShoeStation.com, shipping all across the U.S. Its offer products for Women's, Men's, and Kids.
76GF Score

Get the complete analysis for SHOE

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

$16.11
Price
$22.02
GF Value