FOSL (Fossil Group) Cyclically Adjusted PB Ratio: 0.51 (As of Sep. 16, 2026) — 24% Above Median

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.

FOSL Fossil Group Inc FOSL
47 GF Score
Price $5.32
GF Value $1.19
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Fossil Group Cyclically Adjusted PB Ratio?

Fossil Group FOSL +5.56% 47 Cyclically Adjusted PB Ratio is 0.51 as of Sep. 16, 2026, which is 24% above its 10-year median of 0.41. GuruFocus rates FOSL with a GF Score™ of 47/100 and a GF Value™ of $1.19 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, Fossil Group ranks better than 76.06% on this metric.

As of today (2026-09-16), Fossil Group's current share price is $5.32. Fossil Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $10.52. Fossil Group's Cyclically Adjusted PB Ratio for today is 0.51.

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

FOSL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.41   Max: 2.12
Current: 0.45

During the past years, Fossil Group's highest Cyclically Adjusted PB Ratio was 2.12. The lowest was 0.05. And the median was 0.41.

FOSL's Cyclically Adjusted PB Ratio is ranked better than
76.06% of 635 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.93 vs FOSL: 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.

Fossil Group's adjusted book value per share data for the three months ended in Jun. 2026 was $1.307. 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 $10.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fossil Group  (NAS:FOSL) 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.


Fossil Group Cyclically Adjusted PB Ratio Related Terms


Fossil Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fossil Group'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.

Fossil Group Cyclically Adjusted PB Ratio Chart

Fossil Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.26 0.10 0.13 0.34

Fossil Group 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 0.12 0.21 0.33 0.39 0.39

FOSL vs RCKY, DBI, WEYS: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Fossil Group'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.


Fossil Group Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fossil Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FOSL
47GF Score
Fossil Group Inc FOSL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fossil Group 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.

Fossil Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.32/10.516
=0.51

* 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.

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

For example, Fossil Group'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)
=1.307/333.9520*333.9520
=1.307

Current CPI (Jun. 2026) = 333.9520.

Fossil Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.463 241.428 28.305
201612 21.037 241.432 29.099
201703 20.271 243.801 27.767
201706 13.498 244.955 18.402
201709 13.457 246.819 18.208
201712 11.943 246.524 16.179
201803 10.768 249.554 14.410
201806 10.475 251.989 13.882
201809 10.722 252.439 14.184
201812 11.887 251.233 15.801
201903 11.035 254.202 14.497
201906 10.696 256.143 13.945
201909 10.102 256.759 13.139
201912 9.974 256.974 12.962
202003 8.231 258.115 10.649
202006 7.731 257.797 10.015
202009 8.256 260.280 10.593
202012 8.549 260.474 10.961
202103 7.934 264.877 10.003
202106 7.853 271.696 9.652
202109 8.494 274.310 10.341
202112 8.924 278.802 10.689
202203 8.395 287.504 9.751
202206 7.606 296.311 8.572
202209 7.529 296.808 8.471
202212 7.775 296.797 8.748
202303 7.066 301.836 7.818
202306 6.424 305.109 7.031
202309 5.312 307.789 5.764
202312 4.796 306.746 5.221
202403 4.316 312.332 4.615
202406 3.523 314.175 3.745
202409 3.046 315.301 3.226
202412 2.567 315.605 2.716
202503 2.335 319.799 2.438
202506 2.490 322.561 2.578
202509 1.871 324.800 1.924
202512 1.554 324.054 1.601
202603 1.424 330.213 1.440
202606 1.307 333.952 1.307

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 0.51 mean?
Fossil Group (FOSL) has a Cyclically Adjusted PB Ratio of 0.51 as of Sep. 16, 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 Fossil Group and its competitors. This is 24% above median its historical median of 0.41. Over the past decade, Fossil Group's Cyclically Adjusted PB Ratio has ranged from 0.05 to 2.12. According to the industry distribution chart, Fossil Group ranks #152 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 23.9%.
Is Fossil Group's Cyclically Adjusted PB Ratio too high?
Fossil Group's current Cyclically Adjusted PB Ratio of 0.51 is 24% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 2.12. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.93. Fossil Group's value of 0.51 is 45.2% below this industry median. Based on the distribution chart, Fossil Group ranks #152 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Fossil Group has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fossil Group's Cyclically Adjusted PB Ratio compare to RCKY and DBI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fossil Group ranks #152 out of 635 companies for Cyclically Adjusted PB Ratio. This places Fossil Group in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.93. Fossil Group's value of 0.51 is 45.2% below this benchmark. Historically, Fossil Group's own Cyclically Adjusted PB Ratio has ranged from 0.05 to 2.12 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.93, Fossil Group 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.93, based on 635 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. Fossil Group's current Cyclically Adjusted PB Ratio of 0.51 is 45.2% 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 Fossil Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fossil Group's current Cyclically Adjusted PB Ratio is 0.51, which is 24% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fossil Group stock overvalued right now?
Based on GuruFocus' analysis, Fossil Group (FOSL) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.19, compared to a current price of $5.32 — trading 347.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is 24% above median its 10-year median of 0.41 and 45.2% below the Manufacturing - Apparel & Accessories industry median of 0.93. Fossil Group's overall GF Score™ is 47/100 with 4 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 Fossil Group (FOSL), the current Cyclically Adjusted PB Ratio is 0.51 as of Sep. 16, 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 Fossil Group (FOSL) Overvalued in 2026?

Based on GuruFocus' analysis, Fossil Group stock appears to be overvalued. The current stock price of $5.32 is trading 347.1% above its estimated GF Value™ of $1.19. GuruFocus considers Fossil Group to be Significantly Overvalued.

Key valuation signals for FOSL:

  • Cyclically Adjusted PB Ratio: 0.51 (24% above median its 10-year median of 0.41)
  • GF Value™: $1.19 vs. price of $5.32 (347.1% above fair value)
  • GF Score™: 47/100 with 4 warning signs
  • Industry Position: 45.2% below the Manufacturing - Apparel & Accessories median (#152 of 635)

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


Fossil Group Business Description

Other Exchanges FSL:GermanyFOSL:Austria
Address 901 S. Central Expressway, Richardson, TX, USA, 75080
Fossil Group Inc is a design, innovation, and distribution company in consumer fashion accessories, offering products such as watches, jewelry, handbags, small leather goods, belts, and sunglasses. It designs, develops, markets, and distributes products under its owned brands FOSSIL, SKAGEN, MICHELE, RELIC, and ZODIAC. It operates through Americas, Europe, and Asia segments, each including sales to wholesale and distributor customers, as well as Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment contributes the majority of revenue and includes sales across Canada, Latin America, and the United States, while the Europe and Asia segments cover their respective regions. Each segment provides similar products and services.
47GF Score

Get the complete analysis for FOSL

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

$5.32
Price
$1.19
GF Value