ATZAF (Aritzia) Cyclically Adjusted PB Ratio: 23.16 (As of Aug. 25, 2026) — 23% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

ATZAF Aritzia Inc ATZAF
90 GF Score
Price $94.72
GF Value $60.14
Valuation Significantly Overvalued
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What is Aritzia Cyclically Adjusted PB Ratio?

Aritzia ATZAF -2.41% 90 Cyclically Adjusted PB Ratio is 23.16 as of Aug. 25, 2026, which is 23% above its 10-year median of 18.79. GuruFocus rates ATZAF with a GF Score™ of 90/100 and a GF Value™ of $60.14 (Significantly Overvalued). Among 780 Retail - Cyclical companies, Aritzia ranks worse than 98.85% on this metric.

As of today (2026-08-25), Aritzia's current share price is $94.72. Aritzia's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was $4.09. Aritzia's Cyclically Adjusted PB Ratio for today is 23.16.

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

ATZAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.44   Med: 18.79   Max: 29.93
Current: 23.29

During the past years, Aritzia's highest Cyclically Adjusted PB Ratio was 29.93. The lowest was 9.44. And the median was 18.79.

ATZAF's Cyclically Adjusted PB Ratio is ranked worse than
98.85% of 780 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs ATZAF: 23.29

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.

Aritzia's adjusted book value per share data for the three months ended in May. 2026 was $9.045. 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 $4.09 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aritzia  (OTCPK:ATZAF) 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.


Aritzia Cyclically Adjusted PB Ratio Related Terms


Aritzia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aritzia'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.

Aritzia Cyclically Adjusted PB Ratio Chart

Aritzia Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 15.02 23.04

Aritzia Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 14.44 17.21 22.26 23.04 27.49

ATZAF vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Aritzia'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.


Aritzia Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


ATZAF
90GF Score
Aritzia Inc ATZAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aritzia 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.

Aritzia's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=94.72/4.09
=23.16

* 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.

Aritzia's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Aritzia's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=9.045/134.0005*134.0005
=9.045

Current CPI (May. 2026) = 134.0005.

Aritzia Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.543 101.686 0.716
201611 1.280 101.607 1.688
201702 1.414 102.476 1.849
201705 1.451 103.108 1.886
201708 1.624 103.108 2.111
201711 1.841 103.740 2.378
201802 2.026 104.688 2.593
201805 2.088 105.399 2.655
201808 2.163 106.031 2.734
201811 2.345 105.478 2.979
201902 2.487 106.268 3.136
201905 1.678 107.927 2.083
201908 1.848 108.085 2.291
201911 2.125 107.769 2.642
202002 2.286 108.559 2.822
202005 2.001 107.532 2.494
202008 2.124 108.243 2.629
202011 2.376 108.796 2.926
202102 2.581 109.745 3.151
202105 2.851 111.404 3.429
202108 3.062 112.668 3.642
202111 3.571 113.932 4.200
202202 3.758 115.986 4.342
202205 3.663 120.016 4.090
202208 3.924 120.569 4.361
202211 4.314 121.675 4.751
202302 4.615 122.070 5.066
202305 4.877 124.045 5.268
202308 4.863 125.389 5.197
202311 5.095 125.468 5.442
202402 5.381 125.468 5.747
202405 5.469 127.601 5.743
202408 5.676 127.838 5.950
202411 6.067 127.838 6.359
202502 6.692 128.786 6.963
202505 7.108 129.813 7.337
202508 7.568 130.208 7.788
202511 8.275 130.682 8.485
202602 8.704 131.077 8.898
202605 9.045 134.001 9.045

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.

What does a Cyclically Adjusted PB Ratio of 23.16 mean?
Aritzia (ATZAF) has a Cyclically Adjusted PB Ratio of 23.16 as of Aug. 25, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aritzia and its competitors. This is 23% above median its historical median of 18.79. Over the past decade, Aritzia's Cyclically Adjusted PB Ratio has ranged from 9.44 to 29.93. According to the industry distribution chart, Aritzia ranks #771 out of 780 companies in the Retail - Cyclical industry, placing it in the top 98.8%.
Is Aritzia's Cyclically Adjusted PB Ratio too high?
Aritzia's current Cyclically Adjusted PB Ratio of 23.16 is 23% above median its 10-year median of 18.79. Over the past 10 years, this metric has ranged from a low of 9.44 to a high of 29.93. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Aritzia's value of 23.16 is 1814% above this industry median. Based on the distribution chart, Aritzia ranks #771 out of 780 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Aritzia has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aritzia's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Aritzia ranks #771 out of 780 companies for Cyclically Adjusted PB Ratio. This places Aritzia in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Aritzia's value of 23.16 is 1814% above this benchmark. Historically, Aritzia's own Cyclically Adjusted PB Ratio has ranged from 9.44 to 29.93 over the past decade. While the company's 10-year median is 18.79 vs. the industry median of 1.21, Aritzia has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 780 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aritzia's current Cyclically Adjusted PB Ratio of 23.16 is 1814% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aritzia and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aritzia's current Cyclically Adjusted PB Ratio is 23.16, which is 23% above median its own 10-year median of 18.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aritzia stock overvalued right now?
Based on GuruFocus' analysis, Aritzia (ATZAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $60.14, compared to a current price of $94.72 — trading 57.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 23.16, which is 23% above median its 10-year median of 18.79 and 1814% above the Retail - Cyclical industry median of 1.21. Aritzia's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Aritzia (ATZAF), the current Cyclically Adjusted PB Ratio is 23.16 as of Aug. 25, 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 Aritzia (ATZAF) Overvalued in 2026?

Based on GuruFocus' analysis, Aritzia stock appears to be overvalued. The current stock price of $94.72 is trading 57.5% above its estimated GF Value™ of $60.14. GuruFocus considers Aritzia to be Significantly Overvalued.

Key valuation signals for ATZAF:

  • Cyclically Adjusted PB Ratio: 23.16 (23% above median its 10-year median of 18.79)
  • GF Value™: $60.14 vs. price of $94.72 (57.5% above fair value)
  • GF Score™: 90/100
  • Industry Position: 1814% above the Retail - Cyclical median (#771 of 780)

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


Aritzia Business Description

Other Exchanges 280:GermanyATZ:Canada
Address 611 Alexander Street, Suite 118, Vancouver, BC, CAN, V6A 1E1
Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. The company reports as a single segment and includes all sales channels accessed by the company's clients, including sales through the company's eCommerce website and sales at the company's boutiques. Its geographical segments include Canada and the United States, of which it generates the majority of its revenue from the United States.
90GF Score

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

$94.72
Price
$60.14
GF Value