Tapestry (BSP:TPRY34) 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.
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.

BSP:TPRY34 Tapestry Inc BSP:TPRY34
77 GF Score
Price R$59.09
GF Value R$48.07
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Tapestry Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tapestry  (BSP:TPRY34) 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.


Tapestry Cyclically Adjusted PB Ratio Related Terms


Tapestry Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tapestry'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.

Tapestry Cyclically Adjusted PB Ratio Chart

Tapestry Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.03 4.21 4.10 8.39 14.47

Tapestry 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 8.09 10.90 10.50 14.87 14.11

BSP:TPRY34 vs SIG, CPRI, REAL: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Tapestry'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.


Tapestry Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


BSP:TPRY34
77GF Score
Tapestry Inc BSP:TPRY34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tapestry 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.

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

For example, Tapestry'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)
=1.788/333.9520*333.9520
=1.788

Current CPI (Jun. 2026) = 333.9520.

Tapestry Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.163 241.428 4.375
201612 3.261 241.432 4.511
201703 3.266 243.801 4.474
201706 3.528 244.955 4.810
201709 3.272 246.819 4.427
201712 3.435 246.524 4.653
201803 3.624 249.554 4.850
201806 4.334 251.989 5.744
201809 4.561 252.439 6.034
201812 4.662 251.233 6.197
201903 4.737 254.202 6.223
201906 4.695 256.143 6.121
201909 4.660 256.759 6.061
201912 4.842 256.974 6.292
202003 4.796 258.115 6.205
202006 4.525 257.797 5.862
202009 5.141 260.280 6.596
202012 5.405 260.474 6.930
202103 6.102 264.877 7.693
202106 5.851 271.696 7.192
202109 6.241 274.310 7.598
202112 6.176 278.802 7.398
202203 4.784 287.504 5.557
202206 4.955 296.311 5.584
202209 5.064 296.808 5.698
202212 5.175 296.797 5.823
202303 4.951 301.836 5.478
202306 4.832 305.109 5.289
202309 5.275 307.789 5.723
202312 5.632 306.746 6.132
202403 6.045 312.332 6.463
202406 6.990 314.175 7.430
202409 6.969 315.301 7.381
202412 3.991 315.605 4.223
202503 4.119 319.799 4.301
202506 2.250 322.561 2.329
202509 1.034 324.800 1.063
202512 1.490 324.054 1.536
202603 1.761 330.213 1.781
202606 1.788 333.952 1.788

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 Tapestry (BSP:TPRY34) Overvalued in 2026?

Based on GuruFocus' analysis, Tapestry stock appears to be overvalued. The current stock price of R$59.09 is trading 22.9% above its estimated GF Value™ of R$48.07. GuruFocus considers Tapestry to be Modestly Overvalued.

Key valuation signals for BSP:TPRY34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$48.07 vs. price of R$59.09 (22.9% above fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the BSP:TPRY34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tapestry Business Description

Address 10 Hudson Yards, New York, NY, USA, 10001
Based in New York City, Tapestry is the parent company of accessories and fashion brand Coach, which accounted for 80% of its revenue and well over 90% of its operating profit in fiscal 2025. Handbags accounted for 58% of the brand's fiscal 2025 revenue. Coach products are sold through more than 950 company-owned stores, company-operated digital channels, and wholesale partners in North America, Asia, and Europe. Tapestry also owns Kate Spade (17% of fiscal 2025 revenue), which operates about 335 worldwide stores and generated 52% of its sales from handbags in fiscal 2025. Kate Spade is known for its colorful patterns and graphics. Tapestry sold its smallest brand, luxury footwear maker Stuart Weitzman, to Caleres in August 2025.
77GF Score

Get the complete analysis for BSP:TPRY34

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

R$59.09
Price
R$48.07
GF Value