Aritzia (FRA:280) Cyclically Adjusted PB Ratio: 25.64 (As of Jul. 19, 2026) — 43% 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.

FRA:280 Aritzia Inc FRA:280
84 GF Score
Price €89.50
GF Value €50.42
Valuation Significantly Overvalued
View Full Analysis

What is Aritzia Cyclically Adjusted PB Ratio?

Aritzia FRA:280 +1.13% 84 Cyclically Adjusted PB Ratio is 25.64 as of Jul. 19, 2026, which is 43% above its 10-year median of 17.99. GuruFocus rates FRA:280 with a GF Score™ of 84/100 and a GF Value™ of €50.42 (Significantly Overvalued). Among 810 Retail - Cyclical companies, Aritzia ranks worse than 98.15% on this metric.

As of today (2026-07-19), Aritzia's current share price is €89.50. Aritzia's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was €3.49. Aritzia's Cyclically Adjusted PB Ratio for today is 25.64.

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

FRA:280' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.44   Med: 17.99   Max: 29.93
Current: 25.42

During the past years, Aritzia's highest Cyclically Adjusted PB Ratio was 29.93. The lowest was 9.44. And the median was 17.99.

FRA:280's Cyclically Adjusted PB Ratio is ranked worse than
98.15% of 810 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs FRA:280: 25.42

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.

Aritzia's adjusted book value per share data for the three months ended in May. 2026 was €7.742. 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 €3.49 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aritzia  (FRA:280) 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.


Aritzia Cyclically Adjusted PB Ratio Related Terms


Aritzia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aritzia'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.

Aritzia Cyclically Adjusted PB Ratio Chart

Aritzia Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 15.02 23.04

Aritzia Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 14.44 17.21 22.26 23.04 27.49

FRA:280 vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Aritzia'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.


Aritzia Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRA:280
84GF Score
Aritzia Inc FRA:280
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aritzia 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=89.50/3.49
=25.64

* 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.

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

For example, Aritzia's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=7.742/134.0005*134.0005
=7.742

Current CPI (May. 2026) = 134.0005.

Aritzia Quarterly Data

Book Value per Share CPI Adj_Book
201608 0.485 101.686 0.639
201611 1.186 101.607 1.564
201702 1.328 102.476 1.737
201705 1.313 103.108 1.706
201708 1.375 103.108 1.787
201711 1.568 103.740 2.025
201802 1.641 104.688 2.100
201805 1.767 105.399 2.247
201808 1.873 106.031 2.367
201811 2.064 105.478 2.622
201902 2.191 106.268 2.763
201905 1.500 107.927 1.862
201908 1.661 108.085 2.059
201911 1.923 107.769 2.391
202002 2.096 108.559 2.587
202005 1.835 107.532 2.287
202008 1.795 108.243 2.222
202011 2.010 108.796 2.476
202102 2.134 109.745 2.606
202105 2.346 111.404 2.822
202108 2.603 112.668 3.096
202111 3.128 113.932 3.679
202202 3.311 115.986 3.825
202205 3.465 120.016 3.869
202208 3.873 120.569 4.304
202211 4.232 121.675 4.661
202302 4.311 122.070 4.732
202305 4.487 124.045 4.847
202308 4.459 125.389 4.765
202311 4.707 125.468 5.027
202402 4.988 125.468 5.327
202405 5.059 127.601 5.313
202408 5.148 127.838 5.396
202411 5.715 127.838 5.991
202502 6.425 128.786 6.685
202505 6.305 129.813 6.508
202508 6.501 130.208 6.690
202511 7.158 130.682 7.340
202602 7.363 131.077 7.527
202605 7.742 134.001 7.742

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 25.64 mean?
Aritzia (FRA:280) has a Cyclically Adjusted PB Ratio of 25.64 as of Jul. 19, 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 Aritzia and its competitors. This is 43% above median its historical median of 17.99. Over the past decade, Aritzia's Cyclically Adjusted PB Ratio has ranged from 9.44 to 29.93. According to the industry distribution chart, Aritzia ranks #795 out of 810 companies in the Retail - Cyclical industry, placing it in the top 98.1%.
Is Aritzia's Cyclically Adjusted PB Ratio too high?
Aritzia's current Cyclically Adjusted PB Ratio of 25.64 is 43% above median its 10-year median of 17.99. Over the past 10 years, this metric has ranged from a low of 9.44 to a high of 29.93. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Aritzia's value of 25.64 is 1967.7% above this industry median. Based on the distribution chart, Aritzia ranks #795 out of 810 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Aritzia has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aritzia's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Aritzia ranks #795 out of 810 companies for Cyclically Adjusted PB Ratio. This places Aritzia in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Aritzia's value of 25.64 is 1967.7% above this benchmark. Historically, Aritzia's own Cyclically Adjusted PB Ratio has ranged from 9.44 to 29.93 over the past decade. While the company's 10-year median is 17.99 vs. the industry median of 1.24, Aritzia 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 1.24, based on 810 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. Aritzia's current Cyclically Adjusted PB Ratio of 25.64 is 1967.7% 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 Aritzia and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aritzia's current Cyclically Adjusted PB Ratio is 25.64, which is 43% above median its own 10-year median of 17.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aritzia stock overvalued right now?
Based on GuruFocus' analysis, Aritzia (FRA:280) is currently considered Significantly Overvalued. The stock's GF Value™ is €50.42, compared to a current price of €89.50 — trading 77.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 25.64, which is 43% above median its 10-year median of 17.99 and 1967.7% above the Retail - Cyclical industry median of 1.24. Aritzia's overall GF Score™ is 84/100. 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 Aritzia (FRA:280), the current Cyclically Adjusted PB Ratio is 25.64 as of Jul. 19, 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 Aritzia (FRA:280) Overvalued in 2026?

Based on GuruFocus' analysis, Aritzia stock appears to be overvalued. The current stock price of €89.50 is trading 77.5% above its estimated GF Value™ of €50.42. GuruFocus considers Aritzia to be Significantly Overvalued.

Key valuation signals for FRA:280:

  • Cyclically Adjusted PB Ratio: 25.64 (43% above median its 10-year median of 17.99)
  • GF Value™: €50.42 vs. price of €89.50 (77.5% above fair value)
  • GF Score™: 84/100
  • Industry Position: 1967.7% above the Retail - Cyclical median (#795 of 810)

No single metric tells the full story. See the FRA:280 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aritzia Business Description

Other Exchanges ATZAF:USAATZ:Canada
Address 611 Alexander Street, Suite 118, Vancouver, BC, CAN, V6A 1E1
Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. The company reports as a single segment and includes all sales channels accessed by the company's clients, including sales through the company's eCommerce website and sales at the company's boutiques. Its geographical segments include Canada and the United States, of which it generates the majority of its revenue from the United States.
84GF Score

Get the complete analysis for FRA:280

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

€89.50
Price
€50.42
GF Value