BBY (Best Buy Co) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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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.

BBY Best Buy Co Inc BBY
75 GF Score
Price $92.85
GF Value $76.90
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Best Buy Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Best Buy Co  (NYSE:BBY) 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.


Best Buy Co Cyclically Adjusted PB Ratio Related Terms


Best Buy Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Best Buy Co'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.

Best Buy Co Cyclically Adjusted PB Ratio Chart

Best Buy Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.47 5.48 4.37 5.21 3.96

Best Buy Co Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 3.95 5.01 3.99 3.64 5.21

BBY vs TSCO, FIVE, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Best Buy Co'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.


Best Buy Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


BBY
75GF Score
Best Buy Co Inc BBY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Best Buy Co 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.

Best Buy Co's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Best Buy Co's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=15.128/333.9180*333.9180
=15.128

Current CPI (Jul. 2026) = 333.9180.

Best Buy Co Quarterly Data

Book Value per Share CPI Adj_Book
201610 13.613 241.729 18.805
201701 15.136 242.839 20.813
201704 14.703 244.524 20.078
201707 14.490 244.786 19.766
201710 14.027 246.663 18.989
201801 12.764 247.867 17.195
201804 12.171 250.546 16.221
201807 11.543 252.006 15.295
201810 11.074 252.885 14.622
201901 12.442 251.712 16.505
201904 12.562 255.548 16.414
201907 12.396 256.571 16.133
201910 12.019 257.346 15.595
202001 13.564 257.971 17.557
202004 13.268 256.389 17.280
202007 14.643 259.101 18.871
202010 15.837 260.388 20.309
202101 17.848 261.582 22.784
202104 16.605 267.054 20.762
202107 17.529 273.003 21.440
202110 17.547 276.589 21.184
202201 13.281 281.148 15.774
202204 12.320 289.109 14.229
202207 12.848 296.276 14.480
202210 13.290 298.012 14.891
202301 12.815 299.170 14.303
202304 12.783 303.363 14.071
202307 13.011 305.691 14.212
202310 13.000 307.671 14.109
202401 14.174 308.417 15.346
202404 14.262 313.548 15.189
202407 14.451 314.540 15.341
202410 14.415 315.664 15.249
202501 13.283 317.671 13.962
202504 13.076 320.795 13.611
202507 12.909 323.048 13.343
202510 12.633 0.000
202601 14.175 325.252 14.553
202604 14.632 333.020 14.671
202607 15.128 333.918 15.128

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.

Is Best Buy Co (BBY) Overvalued in 2026?

Based on GuruFocus' analysis, Best Buy Co stock appears to be overvalued. The current stock price of $92.85 is trading 20.7% above its estimated GF Value™ of $76.90. GuruFocus considers Best Buy Co to be Modestly Overvalued.

Key valuation signals for BBY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $76.90 vs. price of $92.85 (20.7% above fair value)
  • GF Score™: 75/100 with 7 warning signs

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


Best Buy Co Business Description

Address 7601 Penn Avenue South, Richfield, MN, USA, 55423
Best Buy Co Inc is a pure-play consumer electronics retailer in the USA. It has two reportable segments: Domestic and International. The Domestic and International segments have offerings in six revenue categories. Computing and Mobile Phones, Consumer Electronics, Appliances, Entertainment, Services, and Other. The company has approximately 1,068 stores throughout its Domestic and International segments. It also have vendor store-within-a-store concepts to allow closer vendor partnerships and a higher quality customer experience. The company generates majority of its revenue from the Domestic segment.
75GF 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.

$92.85
Price
$76.90
GF Value