Ross Stores (BUE:ROST) Cyclically Adjusted PB Ratio: 19.88 (As of Aug. 05, 2026) — 33% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

BUE:ROST Ross Stores Inc BUE:ROST
80 GF Score
Price ARS99,100.00
GF Value ARS69,598.96
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Ross Stores Cyclically Adjusted PB Ratio?

Ross Stores BUE:ROST -1.17% 80 Cyclically Adjusted PB Ratio is 19.88 as of Aug. 05, 2026, which is 33% above its 10-year median of 14.95. GuruFocus rates BUE:ROST with a GF Score™ of 80/100 and a GF Value™ of ARS69,598.96 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 804 Retail - Cyclical companies, Ross Stores ranks worse than 97.64% on this metric.

As of today (2026-08-05), Ross Stores's current share price is ARS99100.00. Ross Stores's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was ARS4,984.59. Ross Stores's Cyclically Adjusted PB Ratio for today is 19.88.

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

BUE:ROST' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.55   Med: 14.95   Max: 20.39
Current: 19.05

During the past years, Ross Stores's highest Cyclically Adjusted PB Ratio was 20.39. The lowest was 8.55. And the median was 14.95.

BUE:ROST's Cyclically Adjusted PB Ratio is ranked worse than
97.64% of 804 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs BUE:ROST: 19.05

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.

Ross Stores's adjusted book value per share data for the three months ended in Apr. 2026 was ARS27,318.605. 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 ARS4,984.59 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ross Stores  (BUE:ROST) 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.


Ross Stores Cyclically Adjusted PB Ratio Related Terms


Ross Stores Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ross Stores'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.

Ross Stores Cyclically Adjusted PB Ratio Chart

Ross Stores 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 12.29 12.87 13.71 13.18 14.85

Ross Stores 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 11.81 11.29 12.80 14.85 17.16

BUE:ROST vs BURL, LULU, GAP: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Ross Stores'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.


Ross Stores Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


BUE:ROST
80GF Score
Ross Stores Inc BUE:ROST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ross Stores 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.

Ross Stores's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=99100.00/4984.59
=19.88

* 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.

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

For example, Ross Stores'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)
=27318.605/333.0200*333.0200
=27,318.605

Current CPI (Apr. 2026) = 333.0200.

Ross Stores Quarterly Data

Book Value per Share CPI Adj_Book
201607 99.064 240.628 137.101
201610 103.159 241.729 142.118
201701 111.770 242.839 153.277
201704 109.919 244.524 149.700
201707 131.115 244.786 178.376
201710 132.324 246.663 178.651
201801 157.651 247.867 211.811
201804 166.933 250.546 221.884
201807 246.000 252.006 325.083
201810 354.562 252.885 466.917
201901 337.701 251.712 446.785
201904 387.172 255.548 504.547
201907 386.533 256.571 501.706
201910 525.092 257.346 679.498
202001 563.618 257.971 727.586
202004 510.250 256.389 662.756
202007 567.873 259.101 729.882
202010 645.734 260.388 825.853
202101 776.086 261.582 988.035
202104 938.969 267.054 1,170.907
202107 1,051.020 273.003 1,282.076
202110 1,112.324 276.589 1,339.266
202201 1,185.278 281.148 1,403.963
202204 1,285.853 289.109 1,481.153
202207 1,489.042 296.276 1,673.712
202210 1,771.695 298.012 1,979.819
202301 2,212.762 299.170 2,463.128
202304 2,235.155 303.363 2,453.665
202307 3,373.431 305.691 3,675.018
202310 4,760.425 307.671 5,152.636
202401 11,749.858 308.417 12,687.166
202404 12,706.019 313.548 13,495.090
202407 14,105.776 314.540 14,934.525
202410 15,459.012 315.664 16,308.987
202501 17,613.312 317.671 18,464.339
202504 19,842.563 320.795 20,598.732
202507 23,245.192 323.048 23,962.736
202510 26,163.351 0.000
202601 27,720.118 325.252 28,382.158
202604 27,318.605 333.020 27,318.605

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 19.88 mean?
Ross Stores (BUE:ROST) has a Cyclically Adjusted PB Ratio of 19.88 as of Aug. 05, 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 Ross Stores and its competitors. This is 33% above median its historical median of 14.95. Over the past decade, Ross Stores' Cyclically Adjusted PB Ratio has ranged from 8.55 to 20.39. According to the industry distribution chart, Ross Stores ranks #785 out of 804 companies in the Retail - Cyclical industry, placing it in the top 97.6%.
Is Ross Stores' Cyclically Adjusted PB Ratio too high?
Ross Stores' current Cyclically Adjusted PB Ratio of 19.88 is 33% above median its 10-year median of 14.95. Over the past 10 years, this metric has ranged from a low of 8.55 to a high of 20.39. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Ross Stores' value of 19.88 is 1490.4% above this industry median. Based on the distribution chart, Ross Stores ranks #785 out of 804 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Ross Stores has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ross Stores' Cyclically Adjusted PB Ratio compare to BURL and LULU?
According to the Retail - Cyclical industry distribution chart, Ross Stores ranks #785 out of 804 companies for Cyclically Adjusted PB Ratio. This places Ross Stores in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Ross Stores' value of 19.88 is 1490.4% above this benchmark. Historically, Ross Stores' own Cyclically Adjusted PB Ratio has ranged from 8.55 to 20.39 over the past decade. While the company's 10-year median is 14.95 vs. the industry median of 1.25, Ross Stores 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 1.25, based on 804 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. Ross Stores's current Cyclically Adjusted PB Ratio of 19.88 is 1490.4% 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 Ross Stores and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ross Stores's current Cyclically Adjusted PB Ratio is 19.88, which is 33% above median its own 10-year median of 14.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ross Stores stock overvalued right now?
Based on GuruFocus' analysis, Ross Stores (BUE:ROST) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS69,598.96, compared to a current price of ARS99,100.00 — trading 42.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 19.88, which is 33% above median its 10-year median of 14.95 and 1490.4% above the Retail - Cyclical industry median of 1.25. Ross Stores' overall GF Score™ is 80/100 with 5 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 Ross Stores (BUE:ROST), the current Cyclically Adjusted PB Ratio is 19.88 as of Aug. 05, 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 Ross Stores (BUE:ROST) Overvalued in 2026?

Based on GuruFocus' analysis, Ross Stores stock appears to be overvalued. The current stock price of ARS99,100.00 is trading 42.4% above its estimated GF Value™ of ARS69,598.96. GuruFocus considers Ross Stores to be Significantly Overvalued.

Key valuation signals for BUE:ROST:

  • Cyclically Adjusted PB Ratio: 19.88 (33% above median its 10-year median of 14.95)
  • GF Value™: ARS69,598.96 vs. price of ARS99,100.00 (42.4% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 1490.4% above the Retail - Cyclical median (#785 of 804)

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


Ross Stores Business Description

Address 5130 Hacienda Drive, Dublin, CA, USA, 94568
Ross Stores, founded in 1982, is a US-focused off-price apparel and home fashion retailer operating more than 2,100 stores across 43 states, primarily under the Ross Dress for Less banner, with a smaller footprint through dd's Discounts. In fiscal 2025, the company generated over $22 billion in sales. Ross offers branded apparel, footwear, accessories, and home goods at a 20%-60% discount to department and specialty store prices, sourcing closeouts and excess inventory from vendors worldwide.
80GF Score

Get the complete analysis for BUE:ROST

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

ARS99,100.00
Price
ARS69,598.96
GF Value