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Costco Wholesale (COST) Cyclically Adjusted PB Ratio : 21.75 (As of Jul. 10, 2025)


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What is Costco Wholesale Cyclically Adjusted PB Ratio?

As of today (2025-07-10), Costco Wholesale's current share price is $970.17. Costco Wholesale's Cyclically Adjusted Book per Share for the quarter that ended in May. 2025 was $44.61. Costco Wholesale's Cyclically Adjusted PB Ratio for today is 21.75.

The historical rank and industry rank for Costco Wholesale's Cyclically Adjusted PB Ratio or its related term are showing as below:

COST' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.42   Med: 10.78   Max: 25.21
Current: 22.02

During the past years, Costco Wholesale's highest Cyclically Adjusted PB Ratio was 25.21. The lowest was 5.42. And the median was 10.78.

COST's Cyclically Adjusted PB Ratio is ranked worse than
96.68% of 241 companies
in the Retail - Defensive industry
Industry Median: 1.68 vs COST: 22.02

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.

Costco Wholesale's adjusted book value per share data for the three months ended in May. 2025 was $61.159. 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 $44.61 for the trailing ten years ended in May. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Costco Wholesale Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Costco Wholesale's Cyclically Adjusted PB Ratio 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.

* Premium members only.

Costco Wholesale Cyclically Adjusted PB Ratio Chart

Costco Wholesale Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.45 14.05 14.50 13.98 21.25

Costco Wholesale Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
Cyclically Adjusted PB Ratio 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 19.52 21.25 22.86 24.02 23.32

Competitive Comparison of Costco Wholesale's Cyclically Adjusted PB Ratio

For the Discount Stores subindustry, Costco Wholesale'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.


Costco Wholesale's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

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

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


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Costco Wholesale Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Costco Wholesale's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=970.17/44.61
=21.75

* 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.

Costco Wholesale's Cyclically Adjusted Book per Share for the quarter that ended in May. 2025 is calculated as:

For example, Costco Wholesale's adjusted Book Value per Share data for the three months ended in May. 2025 was:

Adj_Book=Book Value per Share/CPI of May. 2025 (Change)*Current CPI (May. 2025)
=61.159/135.3468*135.3468
=61.159

Current CPI (May. 2025) = 135.3468.

Costco Wholesale Quarterly Data

Book Value per Share CPI Adj_Book
201508 24.242 100.548 32.632
201511 24.667 100.135 33.341
201602 25.042 100.040 33.880
201605 26.245 101.355 35.047
201608 27.608 101.617 36.772
201611 27.252 101.829 36.222
201702 28.341 102.779 37.322
201705 22.568 103.256 29.582
201708 24.652 103.587 32.210
201711 25.224 104.072 32.804
201802 26.782 105.052 34.505
201805 27.686 106.148 35.302
201808 29.209 106.383 37.161
201811 29.888 106.338 38.042
201902 31.496 106.649 39.971
201905 32.937 108.048 41.259
201908 34.673 108.245 43.354
201911 35.903 108.519 44.779
202002 37.620 109.139 46.654
202005 38.055 108.175 47.614
202008 41.436 109.662 51.141
202011 33.547 109.793 41.355
202102 35.359 110.968 43.127
202105 37.284 113.576 44.431
202108 39.753 115.421 46.616
202111 41.636 117.269 48.054
202202 43.805 119.703 49.530
202205 45.078 123.323 49.473
202208 46.631 124.958 50.508
202211 48.375 125.607 52.126
202302 51.390 126.928 54.799
202305 53.183 128.314 56.098
202308 56.591 129.538 59.129
202311 58.918 129.548 61.555
202402 46.804 130.930 48.383
202405 49.103 132.509 50.155
202408 53.308 132.816 54.324
202411 55.077 133.110 56.003
202502 57.641 134.624 57.950
202505 61.159 135.347 61.159

Add all the adjusted book value per share together and divide the count will get our 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.


Costco Wholesale  (NAS:COST) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Costco Wholesale Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Costco Wholesale's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Costco Wholesale Business Description

Address
999 Lake Drive, Issaquah, WA, USA, 98027
Costco operates a membership-based, no-frills retail model predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given its frugal cost structure, the firm is able to price its merchandise below that of competing retailers, driving high sales volume per warehouse and generating strong profits on thin margins. Costco operates over 600 warehouses in the United States and has over 60% share in the domestic warehouse club industry. Internationally, Costco operates another 280 warehouses, primarily in Canada, Mexico, Japan, and the UK.
Executives
James C Klauer officer: Executive Vice President 999 LAKE DRIVE, ISSAQUAH WA 98027
Claudine Adamo officer: Executive Vice President 999 LAKE DRIVE, ISSAQUAH WA 98027
Caton Frates officer: Executive Vice President 999 LAKE DRIVE, ISSAQUAH WA 98027
Roland Michael Vachris officer: Executive VP 999 LAKE DRIVE, ISSAQUAH WA 98027
Richard A Galanti director, officer: Executive VP and CFO 999 LAKE DRIVE, ISSAQUAH WA 98027
Pierre Riel officer: EVP 999 LAKE DRIVE, ISSAQUAH WA 98027
Russell D Miller officer: Executive Vice President 999 LAKE DRIVE, ISSAQUAH WA 98027
Patrick J Callans officer: Executive VP 999 LAKE DRIVE, ISSAQUAH WA 98027
Susan L Decker director C/O YAHOO INC, 701 FIRST AVE, SUNNYVALE CA 94089
Kenneth D Denman director
Daniel M. Hines other: Principal Acctg Officer 999 LAKE DRIVE, ISSAQUAH WA 98027
W Craig Jelinek officer: Executive VP 999 LAKE DRIVE, ISSAQUAH WA 98027
Yoram Rubananko officer: Executive VP 999 LAKE DRIVE, ISSAQUAH WA 98027
Helena Foulkes director ONE CVS DRIVE, WOONSOCKET RI 02895
James P. Murphy officer: Executive VP 999 LAKE DRIVE, ISSAQUAH WA 98027