DKS (Dick's Sporting Goods) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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
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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.

DKS Dick's Sporting Goods Inc DKS
84 GF Score
Price $121.15
GF Value $292.94
Valuation Possible Value Trap
! 6 Warning Signs
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What is Dick's Sporting Goods Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Dick's Sporting Goods  (NYSE:DKS) 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.


Dick's Sporting Goods Cyclically Adjusted PB Ratio Related Terms


Dick's Sporting Goods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dick's Sporting Goods'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.

Dick's Sporting Goods Cyclically Adjusted PB Ratio Chart

Dick's Sporting Goods 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 5.38 5.40 5.65 8.26 5.98

Dick's Sporting Goods Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 7.12 7.16 6.32 6.72 5.62

DKS vs FIVE, MUSA, GME: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Dick's Sporting Goods'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.


Dick's Sporting Goods Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


DKS
84GF Score
Dick's Sporting Goods Inc DKS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Dick's Sporting Goods 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.

Dick's Sporting Goods's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Dick's Sporting Goods's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=64.236/333.9180*333.9180
=64.236

Current CPI (Jul. 2026) = 333.9180.

Dick's Sporting Goods Quarterly Data

Book Value per Share CPI Adj_Book
201610 16.897 241.729 23.341
201701 17.488 242.839 24.047
201704 17.737 244.524 24.221
201707 17.922 244.786 24.448
201710 17.947 246.663 24.296
201801 18.844 247.867 25.386
201804 18.987 250.546 25.305
201807 19.755 252.006 26.176
201810 19.485 252.885 25.729
201901 20.290 251.712 26.916
201904 20.012 255.548 26.149
201907 20.341 256.571 26.473
201910 20.352 257.346 26.408
202001 20.726 257.971 26.828
202004 19.880 256.389 25.891
202007 22.938 259.101 29.561
202010 25.055 260.388 32.130
202101 27.547 261.582 35.165
202104 30.663 267.054 38.340
202107 35.713 273.003 43.682
202110 30.744 276.589 37.116
202201 27.795 281.148 33.012
202204 28.130 289.109 32.490
202207 28.662 296.276 32.304
202210 29.506 298.012 33.061
202301 30.744 299.170 34.315
202304 31.379 303.363 34.540
202307 31.573 305.691 34.488
202310 29.683 307.671 32.215
202401 32.550 308.417 35.241
202404 33.344 313.548 35.510
202407 36.381 314.540 38.622
202410 38.064 315.664 40.265
202501 39.864 317.671 41.903
202504 38.578 320.795 40.156
202507 42.372 323.048 43.798
202510 61.999 0.000
202601 62.358 325.252 64.019
202604 63.266 333.020 63.437
202607 64.236 333.918 64.236

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 Dick's Sporting Goods (DKS) Overvalued in 2026?

Based on GuruFocus' analysis, Dick's Sporting Goods stock appears to be undervalued. The current stock price of $121.15 is trading 58.6% below its estimated GF Value™ of $292.94. GuruFocus considers Dick's Sporting Goods to be Possible Value Trap.

Key valuation signals for DKS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $292.94 vs. price of $121.15 (58.6% below fair value)
  • GF Score™: 84/100 with 6 warning signs

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


Dick's Sporting Goods Business Description

Address 345 Court Street, Coraopolis, PA, USA, 15108
Dick's Sporting Goods is a retailer that offers sports and outdoor apparel, footwear, and equipment online and in physical stores. The company's legacy business includes more than 700 stores under its own name, more than 110 Golf Galaxy golf specialty stores, and about 50 outlet stores. In September 2025, Dick's acquired multinational retailer Foot Locker. With this move, Dick's added about 2,600 stores under the Foot Locker, Kids Foot Locker, Champs Sports, atmos, and WSS nameplates in North America, the Asia-Pacific, and EMEA—Europe, the Middle East, and Africa. The combined Dick's and Foot Locker has an annual sales base of more than $22 billion. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chair and controlling shareholder Edward Stack.
84GF Score

Get the complete analysis for DKS

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

$121.15
Price
$292.94
GF Value