Columbia Sportswear Co (BSP:C2SW34) Cyclically Adjusted PB Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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BSP:C2SW34 Columbia Sportswear Co BSP:C2SW34
82 GF Score
Price R$29.34
GF Value R$39.60
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Columbia Sportswear Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Columbia Sportswear Co  (BSP:C2SW34) 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.


Columbia Sportswear Co Cyclically Adjusted PB Ratio Related Terms


Columbia Sportswear Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Columbia Sportswear 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.

Columbia Sportswear Co Cyclically Adjusted PB Ratio Chart

Columbia Sportswear Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.93 3.21 2.74 2.75 1.73

Columbia Sportswear Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.94 1.65 1.73 1.69 1.88

BSP:C2SW34 vs UAA, PVH, ZGN: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Columbia Sportswear 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.


Columbia Sportswear Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


BSP:C2SW34
82GF Score
Columbia Sportswear Co BSP:C2SW34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Columbia Sportswear 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.

Columbia Sportswear Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Columbia Sportswear Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=160.31/333.9520*333.9520
=160.310

Current CPI (Jun. 2026) = 333.9520.

Columbia Sportswear Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 69.903 241.428 96.692
201612 74.922 241.432 103.633
201703 70.436 243.801 96.481
201706 73.148 244.955 99.724
201709 73.054 246.819 98.844
201712 76.353 246.524 103.431
201803 77.471 249.554 103.671
201806 88.386 251.989 117.135
201809 98.780 252.439 130.676
201812 95.247 251.233 126.607
201903 96.692 254.202 127.027
201906 94.427 256.143 123.111
201909 106.527 256.759 138.554
201912 112.359 256.974 146.017
202003 125.384 258.115 162.223
202006 129.642 257.797 167.939
202009 140.511 260.280 180.283
202012 142.321 260.474 182.469
202103 158.462 264.877 199.786
202106 141.521 271.696 173.949
202109 151.543 274.310 184.492
202112 172.626 278.802 206.773
202203 143.794 287.504 167.025
202206 140.780 296.311 158.664
202209 153.226 296.808 172.401
202212 163.408 296.797 183.864
202303 163.432 301.836 180.822
202306 148.294 305.109 162.313
202309 154.650 307.789 167.796
202312 158.324 306.746 172.366
202403 159.882 312.332 170.949
202406 167.212 314.175 177.738
202409 172.869 315.301 183.095
202412 193.084 315.605 204.309
202503 178.452 319.799 186.350
202506 167.468 322.561 173.382
202509 164.276 324.800 168.905
202512 174.409 324.054 179.736
202603 161.770 330.213 163.602
202606 160.310 333.952 160.310

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 Columbia Sportswear Co (BSP:C2SW34) Overvalued in 2026?

Based on GuruFocus' analysis, Columbia Sportswear Co stock appears to be undervalued. The current stock price of R$29.34 is trading 25.9% below its estimated GF Value™ of R$39.60. GuruFocus considers Columbia Sportswear Co to be Modestly Undervalued.

Key valuation signals for BSP:C2SW34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$39.60 vs. price of R$29.34 (25.9% below fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the BSP:C2SW34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Columbia Sportswear Co Business Description

Other Exchanges COLM:USA
Address 14375 Northwest Science Park Drive, Portland, OR, USA, 97229
Columbia Sportswear Co makes outdoor and active-lifestyle apparel, footwear, equipment, and accessories that it sells under four primary brands: Columbia, Sorel, Mountain Hardwear, and prAna. The majority of sales are in the United States, but the company also has remarkable sales in its three other geographic segments: Latin American and Asia-Pacific; Europe, Middle East, and Africa; and Canada. The majority of sales are through wholesale channels, including sporting goods and department stores, but the company also operates its own branded stores in each of its geographic segments. It sources products from around the world and uses contract manufacturers outside the United States, predominantly in Asia to manufacture its various products.
82GF Score

Get the complete analysis for BSP:C2SW34

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

R$29.34
Price
R$39.60
GF Value