ASOS (CHIX:ASCL) Cyclically Adjusted PB Ratio: 0.45 (As of Jul. 06, 2026) — 95% Below Median


CHIX:ASCL ASOS PLC CHIX:ASCL
54 GF Score
Price £3.19
GF Value £2.38
Valuation Significantly Overvalued
! 7 Warning Signs
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What is ASOS Cyclically Adjusted PB Ratio?

ASOS CHIX:ASCL -4.07% 54 Cyclically Adjusted PB Ratio is 0.45 as of Jul. 06, 2026, which is 95% below its 10-year median of 8.57. GuruFocus rates CHIX:ASCL with a GF Score™ of 54/100 and a GF Value™ of £2.38 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 806 Retail - Cyclical companies, ASOS ranks better than 80.27% on this metric.

As of today (2026-07-06), ASOS's current share price is £3.185. ASOS's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 was £7.02. ASOS's Cyclically Adjusted PB Ratio for today is 0.45.

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

CHIX:ASCl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 8.57   Max: 47.47
Current: 0.45

During the past 13 years, ASOS's highest Cyclically Adjusted PB Ratio was 47.47. The lowest was 0.31. And the median was 8.57.

CHIX:ASCl's Cyclically Adjusted PB Ratio is ranked better than
80.27% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs CHIX:ASCl: 0.45

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.

ASOS's adjusted book value per share data of for the fiscal year that ended in Aug25 was £1.779. 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 £7.02 for the trailing ten years ended in Aug25.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASOS  (CHIX:ASCl) 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.


ASOS Cyclically Adjusted PB Ratio Related Terms


ASOS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASOS'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.

ASOS Cyclically Adjusted PB Ratio Chart

ASOS Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.51 1.20 0.66 0.52 0.39

ASOS Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 0.52 0.00 0.39 0.00

CHIX:ASCL vs AMZN, BABA, PDD: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, ASOS'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.


ASOS Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


CHIX:ASCL
54GF Score
ASOS PLC CHIX:ASCL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ASOS 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.185/7.02
=0.45

* 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.

ASOS's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 is calculated as:

For example, ASOS's adjusted Book Value per Share data for the fiscal year that ended in Aug25 was:

Adj_Book=Book Value per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=1.779/138.9000*138.9000
=1.779

Current CPI (Aug25) = 138.9000.

ASOS Annual Data

Book Value per Share CPI Adj_Book
201608 2.402 101.200 3.297
201708 3.441 104.000 4.596
201808 5.247 106.500 6.843
201908 5.408 108.300 6.936
202008 8.122 108.800 10.369
202108 10.357 112.100 12.833
202208 10.155 121.800 11.581
202308 7.283 129.400 7.818
202408 4.375 133.400 4.555
202508 1.779 138.900 1.779

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 0.45 mean?
ASOS (CHIX:ASCL) has a Cyclically Adjusted PB Ratio of 0.45 as of Jul. 06, 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 ASOS and its competitors. This is 95% below median its historical median of 8.57. Over the past decade, ASOS's Cyclically Adjusted PB Ratio has ranged from 0.31 to 47.47. According to the industry distribution chart, ASOS ranks #159 out of 806 companies in the Retail - Cyclical industry, placing it in the top 19.7%.
Is ASOS's Cyclically Adjusted PB Ratio too high?
ASOS's current Cyclically Adjusted PB Ratio of 0.45 is 95% below median its 10-year median of 8.57. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 47.47. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. ASOS's value of 0.45 is 64% below this industry median. Based on the distribution chart, ASOS ranks #159 out of 806 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, ASOS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASOS's Cyclically Adjusted PB Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, ASOS ranks #159 out of 806 companies for Cyclically Adjusted PB Ratio. This places ASOS in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. ASOS's value of 0.45 is 64% below this benchmark. Historically, ASOS's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 47.47 over the past decade. While the company's 10-year median is 8.57 vs. the industry median of 1.25, ASOS has consistently been below 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 806 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. ASOS's current Cyclically Adjusted PB Ratio of 0.45 is 64% below 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 ASOS 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. ASOS's current Cyclically Adjusted PB Ratio is 0.45, which is 95% below median its own 10-year median of 8.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASOS stock overvalued right now?
Based on GuruFocus' analysis, ASOS (CHIX:ASCL) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.38, compared to a current price of £3.19 — trading 33.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 95% below median its 10-year median of 8.57 and 64% below the Retail - Cyclical industry median of 1.25. ASOS's overall GF Score™ is 54/100 with 7 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 ASOS (CHIX:ASCL), the current Cyclically Adjusted PB Ratio is 0.45 as of Jul. 06, 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 ASOS (CHIX:ASCL) Overvalued in 2026?

Based on GuruFocus' analysis, ASOS stock appears to be overvalued. The current stock price of £3.19 is trading 33.8% above its estimated GF Value™ of £2.38. GuruFocus considers ASOS to be Significantly Overvalued.

Key valuation signals for CHIX:ASCL:

  • Cyclically Adjusted PB Ratio: 0.45 (95% below median its 10-year median of 8.57)
  • GF Value™: £2.38 vs. price of £3.19 (33.8% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 64% below the Retail - Cyclical median (#159 of 806)

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


ASOS Business Description

Address Hampstead Road, Greater London House, London, GBR, NW1 7FB
Asos is a global e-commerce player focusing on fashion and cosmetics and targeting the youth segment (20-somethings) globally. Of its revenue, 45% comes from its UK home market, 30% from other European Union countries, 13% from the United States, 12% from the rest of the world. The company ships to 240 countries from its three warehouses located in the UK, continental Europe, and the United States. It offers over 85 000 products on its website from third-party brands and its own labels.
54GF Score

Get the complete analysis for CHIX:ASCL

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

£3.19
Price
£2.38
GF Value