RH (BSP:R2HH34) Cyclically Adjusted PB Ratio: 13.13 (As of Aug. 07, 2026) — Near Median

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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
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.

BSP:R2HH34 RH BSP:R2HH34
70 GF Score
Price R$14.05
GF Value R$24.09
Valuation Possible Value Trap
! 6 Warning Signs
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What is RH Cyclically Adjusted PB Ratio?

RH BSP:R2HH34 70 Cyclically Adjusted PB Ratio is 13.13 as of Aug. 07, 2026, which is 8% below its 10-year median of 14.20. GuruFocus rates BSP:R2HH34 with a GF Score™ of 70/100 and a GF Value™ of R$24.09 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 805 Retail - Cyclical companies, RH ranks worse than 96.4% on this metric.

As of today (2026-08-07), RH's current share price is R$14.05. RH's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was R$1.07. RH's Cyclically Adjusted PB Ratio for today is 13.13.

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

BSP:R2HH34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.46   Med: 14.2   Max: 63.94
Current: 14.93

During the past years, RH's highest Cyclically Adjusted PB Ratio was 63.94. The lowest was 2.46. And the median was 14.20.

BSP:R2HH34's Cyclically Adjusted PB Ratio is ranked worse than
96.4% of 805 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs BSP:R2HH34: 14.93

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.

RH's adjusted book value per share data for the three months ended in Apr. 2026 was R$0.253. 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 R$1.07 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RH  (BSP:R2HH34) 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.


RH Cyclically Adjusted PB Ratio Related Terms


RH Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RH'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.

RH Cyclically Adjusted PB Ratio Chart

RH 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 27.22 15.91 13.91 27.10 15.35

RH 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 12.38 14.45 12.68 15.35 10.48

BSP:R2HH34 vs MNSO, ASO, BBWI: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, RH'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.


RH Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


BSP:R2HH34
70GF Score
RH BSP:R2HH34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RH 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.05/1.07
=13.13

* 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.

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

For example, RH'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)
=0.253/333.0200*333.0200
=0.253

Current CPI (Apr. 2026) = 333.0200.

RH Quarterly Data

Book Value per Share CPI Adj_Book
201607 1.201 240.628 1.662
201610 1.177 241.729 1.622
201701 1.200 242.839 1.646
201704 0.987 244.524 1.344
201707 -0.118 244.786 -0.161
201710 -0.063 246.663 -0.085
201801 -0.018 247.867 -0.024
201804 0.023 250.546 0.031
201807 0.419 252.006 0.554
201810 0.095 252.885 0.125
201901 -0.118 251.712 -0.156
201904 -0.877 255.548 -1.143
201907 -0.604 256.571 -0.784
201910 -0.228 257.346 -0.295
202001 0.067 257.971 0.086
202004 0.088 256.389 0.114
202007 0.581 259.101 0.747
202010 1.405 260.388 1.797
202101 1.908 261.582 2.429
202104 2.630 267.054 3.280
202107 3.246 273.003 3.960
202110 4.345 276.589 5.231
202201 5.025 281.148 5.952
202204 4.320 289.109 4.976
202207 4.613 296.276 5.185
202210 4.807 298.012 5.372
202301 3.086 299.170 3.435
202304 3.192 303.363 3.504
202307 -1.240 305.691 -1.351
202310 -1.544 307.671 -1.671
202401 -1.334 308.417 -1.440
202404 -1.354 313.548 -1.438
202407 -1.176 314.540 -1.245
202410 -0.925 315.664 -0.976
202501 -0.877 317.671 -0.919
202504 -0.572 320.795 -0.594
202507 -0.202 323.048 -0.208
202510 0.016 0.000
202601 0.287 325.252 0.294
202604 0.253 333.020 0.253

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 13.13 mean?
RH (BSP:R2HH34) has a Cyclically Adjusted PB Ratio of 13.13 as of Aug. 07, 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 RH and its competitors. This is near median its historical median of 14.20. Over the past decade, RH's Cyclically Adjusted PB Ratio has ranged from 2.46 to 63.94. According to the industry distribution chart, RH ranks #776 out of 805 companies in the Retail - Cyclical industry, placing it in the top 96.4%.
Is RH's Cyclically Adjusted PB Ratio too high?
RH's current Cyclically Adjusted PB Ratio of 13.13 is near median its 10-year median of 14.20. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 63.94. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. RH's value of 13.13 is 958.9% above this industry median. Based on the distribution chart, RH ranks #776 out of 805 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, RH has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RH's Cyclically Adjusted PB Ratio compare to MNSO and ASO?
According to the Retail - Cyclical industry distribution chart, RH ranks #776 out of 805 companies for Cyclically Adjusted PB Ratio. This places RH in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. RH's value of 13.13 is 958.9% above this benchmark. Historically, RH's own Cyclically Adjusted PB Ratio has ranged from 2.46 to 63.94 over the past decade. While the company's 10-year median is 14.20 vs. the industry median of 1.24, RH 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 1.24, based on 805 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. RH's current Cyclically Adjusted PB Ratio of 13.13 is 958.9% 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 RH and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RH's current Cyclically Adjusted PB Ratio is 13.13, which is near median its own 10-year median of 14.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RH stock overvalued right now?
Based on GuruFocus' analysis, RH (BSP:R2HH34) is currently considered Possible Value Trap. The stock's GF Value™ is R$24.09, compared to a current price of R$14.05 — trading 41.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.13, which is near median its 10-year median of 14.20 and 958.9% above the Retail - Cyclical industry median of 1.24. RH's overall GF Score™ is 70/100 with 6 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 RH (BSP:R2HH34), the current Cyclically Adjusted PB Ratio is 13.13 as of Aug. 07, 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 RH (BSP:R2HH34) Overvalued in 2026?

Based on GuruFocus' analysis, RH stock appears to be undervalued. The current stock price of R$14.05 is trading 41.7% below its estimated GF Value™ of R$24.09. GuruFocus considers RH to be Possible Value Trap.

Key valuation signals for BSP:R2HH34:

  • Cyclically Adjusted PB Ratio: 13.13 (near median its 10-year median of 14.20)
  • GF Value™: R$24.09 vs. price of R$14.05 (41.7% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 958.9% above the Retail - Cyclical median (#776 of 805)

No single metric tells the full story. See the BSP:R2HH34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RH Business Description

Address 15 Koch Road, Corte Madera, CA, USA, 94925
RH is a luxury furniture and lifestyle retailer primarily operating in the $136 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories, including furniture, lighting, textiles, bath, decor, and is growing the presence of its hospitality business with 26 restaurant locations, including RH Guesthouse. RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Estates and Waterworks, for example). RH is fully integrated across channels and is positioned to broaden its addressable market over the next decade via expanding abroad, its World of RH digital platform (highlighting offerings outside of home furnishings), and offerings in architecture, media, and more.
70GF Score

Get the complete analysis for BSP:R2HH34

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

R$14.05
Price
R$24.09
GF Value