BKE (Buckle) Cyclically Adjusted PB Ratio: 4.14 (As of Aug. 21, 2026) — 21% Above Median

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.

BKE Buckle Inc BKE
78 GF Score
Price $42.64
GF Value $45.65
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Buckle Cyclically Adjusted PB Ratio?

Buckle BKE -1.36% 78 Cyclically Adjusted PB Ratio is 4.14 as of Aug. 21, 2026, which is 21% above its 10-year median of 3.41. GuruFocus rates BKE with a GF Score™ of 78/100 and a GF Value™ of $45.65 (Fairly Valued). The stock has 2 warning signs investors should review. Among 786 Retail - Cyclical companies, Buckle ranks worse than 84.86% on this metric.

As of today (2026-08-21), Buckle's current share price is $42.64. Buckle's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $10.29. Buckle's Cyclically Adjusted PB Ratio for today is 4.14.

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

BKE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.51   Med: 3.41   Max: 5.96
Current: 4.15

During the past years, Buckle's highest Cyclically Adjusted PB Ratio was 5.96. The lowest was 1.51. And the median was 3.41.

BKE's Cyclically Adjusted PB Ratio is ranked worse than
84.86% of 786 companies
in the Retail - Cyclical industry
Industry Median: 1.22 vs BKE: 4.15

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.

Buckle's adjusted book value per share data for the three months ended in Apr. 2026 was $8.907. 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 $10.29 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Buckle  (NYSE:BKE) 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.


Buckle Cyclically Adjusted PB Ratio Related Terms


Buckle Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Buckle'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.

Buckle Cyclically Adjusted PB Ratio Chart

Buckle Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.45 3.98 4.49 3.71 4.71

Buckle Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 3.42 4.85 5.37 4.67 5.41

BKE vs AEO, CRI, CTRN: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Buckle'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.


Buckle Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


BKE
78GF Score
Buckle Inc BKE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Buckle 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.64/10.29
=4.14

* 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.

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

For example, Buckle'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)
=8.907/333.0200*333.0200
=8.907

Current CPI (Apr. 2026) = 333.0200.

Buckle Quarterly Data

Book Value per Share CPI Adj_Book
201607 8.858 240.628 12.259
201610 9.114 241.729 12.556
201701 8.855 242.839 12.143
201704 8.931 244.524 12.163
201707 8.949 244.786 12.175
201710 9.130 246.663 12.326
201801 8.015 247.867 10.768
201804 8.139 250.546 10.818
201807 8.244 252.006 10.894
201810 8.422 252.885 11.091
201901 8.036 251.712 10.632
201904 8.083 255.548 10.533
201907 8.191 256.571 10.632
201910 8.478 257.346 10.971
202001 7.909 257.971 10.210
202004 7.650 256.389 9.936
202007 8.385 259.101 10.777
202010 8.954 260.388 11.452
202101 8.028 261.582 10.220
202104 8.839 267.054 11.022
202107 9.593 273.003 11.702
202110 10.562 276.589 12.717
202201 6.293 281.148 7.454
202204 7.058 289.109 8.130
202207 7.765 296.276 8.728
202210 8.696 298.012 9.718
202301 7.512 299.170 8.362
202304 8.030 303.363 8.815
202307 8.654 305.691 9.428
202310 9.397 307.671 10.171
202401 8.191 308.417 8.844
202404 8.543 313.548 9.074
202407 9.033 314.540 9.564
202410 9.619 315.664 10.148
202501 8.347 317.671 8.750
202504 8.704 320.795 9.036
202507 9.308 323.048 9.595
202510 9.984 0.000
202601 8.301 325.252 8.499
202604 8.907 333.020 8.907

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 4.14 mean?
Buckle (BKE) has a Cyclically Adjusted PB Ratio of 4.14 as of Aug. 21, 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 Buckle and its competitors. This is 21% above median its historical median of 3.41. Over the past decade, Buckle's Cyclically Adjusted PB Ratio has ranged from 1.51 to 5.96. According to the industry distribution chart, Buckle ranks #667 out of 786 companies in the Retail - Cyclical industry, placing it in the top 84.9%.
Is Buckle's Cyclically Adjusted PB Ratio too high?
Buckle's current Cyclically Adjusted PB Ratio of 4.14 is 21% above median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 5.96. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.22. Buckle's value of 4.14 is 239.3% above this industry median. Based on the distribution chart, Buckle ranks #667 out of 786 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Buckle has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Buckle's Cyclically Adjusted PB Ratio compare to AEO and CRI?
According to the Retail - Cyclical industry distribution chart, Buckle ranks #667 out of 786 companies for Cyclically Adjusted PB Ratio. This places Buckle in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.22. Buckle's value of 4.14 is 239.3% above this benchmark. Historically, Buckle's own Cyclically Adjusted PB Ratio has ranged from 1.51 to 5.96 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 1.22, Buckle 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 1.22, based on 786 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. Buckle's current Cyclically Adjusted PB Ratio of 4.14 is 239.3% 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 Buckle and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Buckle's current Cyclically Adjusted PB Ratio is 4.14, which is 21% above median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Buckle stock overvalued right now?
Based on GuruFocus' analysis, Buckle (BKE) is currently considered Fairly Valued. The stock's GF Value™ is $45.65, compared to a current price of $42.64 — trading 6.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.14, which is 21% above median its 10-year median of 3.41 and 239.3% above the Retail - Cyclical industry median of 1.22. Buckle's overall GF Score™ is 78/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Buckle (BKE), the current Cyclically Adjusted PB Ratio is 4.14 as of Aug. 21, 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 Buckle (BKE) Overvalued in 2026?

Based on GuruFocus' analysis, Buckle stock appears to be undervalued. The current stock price of $42.64 is trading 6.6% below its estimated GF Value™ of $45.65. GuruFocus considers Buckle to be Fairly Valued.

Key valuation signals for BKE:

  • Cyclically Adjusted PB Ratio: 4.14 (21% above median its 10-year median of 3.41)
  • GF Value™: $45.65 vs. price of $42.64 (6.6% below fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 239.3% above the Retail - Cyclical median (#667 of 786)

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


Buckle Business Description

Other Exchanges 0HQ7:UKBK2:Germany
Address 2407 West 24th Street, Kearney, NE, USA, 68845-4915
Buckle Inc is a retailer of casual apparel, footwear, and accessories. The company retails medium to affordable priced casual apparel, footwear, and accessories for fashion-conscious young men and women. It retails under the brand names 'Buckle' and 'The Buckle'. Buckle markets a wide selection of mostly brand-name casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear.
78GF Score

Get the complete analysis for BKE

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

$42.64
Price
$45.65
GF Value