VF (XBUL:VFP) Cyclically Adjusted Book per Share: лв7.27 (As of Mar. 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.

XBUL:VFP VF Corp XBUL:VFP
71 GF Score
Price лв12.47
GF Value лв11.52
! 4 Warning Signs
View Full Analysis

What is VF Cyclically Adjusted Book per Share?

VF XBUL:VFP 71 Cyclically Adjusted Book per Share is лв7.27 as of Mar. 2026. GuruFocus rates XBUL:VFP with a GF Score™ of 71/100 and a GF Value™ of лв11.52. The stock has 4 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.

VF's adjusted book value per share for the three months ended in Mar. 2026 was лв8.115. 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 лв7.27 for the trailing ten years ended in Mar. 2026.

During the past 12 months, VF's average Cyclically Adjusted Book Growth Rate was -8.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -7.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.40% 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 VF was 9.50% per year. The lowest was -7.70% per year. And the median was 5.95% per year.

As of today (2026-07-26), VF's current stock price is лв12.468. VF's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was лв7.27. VF's Cyclically Adjusted PB Ratio of today is 1.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of VF was 8.39. The lowest was 0.96. And the median was 4.65.


VF  (XBUL:VFP) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.468/7.27
=1.71

* 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 VF was 8.39. The lowest was 0.96. And the median was 4.65.


Be Aware

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


VF Cyclically Adjusted Book per Share Related Terms


VF Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for VF'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.

VF Cyclically Adjusted Book per Share Chart

VF Annual Data
Trend Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 7.27

VF Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 8.04 6.39 6.90 7.27

XBUL:VFP vs KTB, LEVI, ZGN: Cyclically Adjusted Book per Share Comparison

For the Apparel Manufacturing subindustry, VF'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.


VF Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VF's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XBUL:VFP
71GF Score
VF Corp XBUL:VFP
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VF 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, VF's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=8.115/330.2130*330.2130
=8.115

Current CPI (Mar. 2026) = 330.2130.

VF Quarterly Data

Book Value per Share CPI Adj_Book
201606 19.222 241.018 26.336
201609 20.231 241.428 27.671
201612 20.497 241.432 28.034
201703 18.456 243.801 24.997
201706 15.914 244.955 21.453
201709 17.142 246.819 22.934
201712 16.141 246.524 21.620
201803 16.064 249.554 21.256
201806 16.202 251.989 21.232
201809 18.074 252.439 23.642
201812 18.677 251.233 24.548
201903 18.605 254.202 24.168
201906 17.919 256.143 23.101
201909 20.013 256.759 25.738
201912 19.884 256.974 25.551
202003 14.830 258.115 18.972
202006 12.839 257.797 16.446
202009 12.972 260.280 16.457
202012 13.785 260.474 17.476
202103 13.392 264.877 16.695
202106 14.322 271.696 17.407
202109 15.736 274.310 18.943
202112 16.135 278.802 19.110
202203 15.615 287.504 17.935
202206 14.821 296.311 16.517
202209 13.639 296.808 15.174
202212 14.670 296.797 16.322
202303 12.862 301.836 14.071
202306 12.000 305.109 12.987
202309 9.761 307.789 10.472
202312 9.317 306.746 10.030
202403 7.325 312.332 7.744
202406 6.125 314.175 6.438
202409 6.205 315.301 6.498
202412 7.408 315.605 7.751
202503 6.555 319.799 6.768
202506 5.683 322.561 5.818
202509 6.496 324.800 6.604
202512 7.837 324.054 7.986
202603 8.115 330.213 8.115

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 лв7.27 mean?
VF (XBUL:VFP) has a Cyclically Adjusted Book per Share of лв7.27 as of Mar. 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 VF and its competitors.
Is VF's Cyclically Adjusted Book per Share too high?
VF's current Cyclically Adjusted Book per Share is лв7.27. Overall, VF has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does VF's Cyclically Adjusted Book per Share compare to KTB and LEVI?
VF's Cyclically Adjusted Book per Share of лв7.27 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories 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 VF and its competitors. VF's current Cyclically Adjusted Book per Share is лв7.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VF stock overvalued right now?
VF (XBUL:VFP) has a current Cyclically Adjusted Book per Share of лв7.27. The stock's GF Value™ is лв11.52, compared to a current price of лв12.47 — trading 8.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is лв7.27. VF's overall GF Score™ is 71/100 with 4 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 VF (XBUL:VFP), the current Cyclically Adjusted Book per Share is лв7.27 as of Mar. 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 VF (XBUL:VFP) Overvalued in 2026?

Based on GuruFocus' analysis, VF stock appears to be overvalued. The current stock price of лв12.47 is trading 8.2% above its estimated GF Value™ of лв11.52.

Key valuation signals for XBUL:VFP:

  • Cyclically Adjusted Book per Share: лв7.27
  • GF Value™: лв11.52 vs. price of лв12.47 (8.2% above fair value)
  • GF Score™: 71/100 with 4 warning signs

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


VF Business Description

Address 1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of 10 brands includes Vans, The North Face, Timberland, and Altra. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. Tracing its roots to 1899, the company has evolved through many brand acquisitions and divestitures.
71GF Score

Get the complete analysis for XBUL:VFP

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

лв12.47
Price
лв11.52
GF Value