Buckle (FRA:BK2) Cyclically Adjusted PB Ratio: 4.25 (As of Jul. 28, 2026) — 25% Above Median

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FRA:BK2 Buckle Inc FRA:BK2
82 GF Score
Price €36.94
GF Value €38.67
Valuation Fairly Valued
! 2 Warning Signs
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What is Buckle Cyclically Adjusted PB Ratio?

Buckle FRA:BK2 +1.43% 82 Cyclically Adjusted PB Ratio is 4.25 as of Jul. 28, 2026, which is 25% above its 10-year median of 3.40. GuruFocus rates FRA:BK2 with a GF Score™ of 82/100 and a GF Value™ of €38.67 (Fairly Valued). The stock has 2 warning signs investors should review. Among 808 Retail - Cyclical companies, Buckle ranks worse than 84.78% on this metric.

As of today (2026-07-28), Buckle's current share price is €36.94. Buckle's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €8.69. Buckle's Cyclically Adjusted PB Ratio for today is 4.25.

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

FRA:BK2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.51   Med: 3.4   Max: 5.96
Current: 4.24

During the past years, Buckle's highest Cyclically Adjusted PB Ratio was 5.96. The lowest was 1.51. And the median was 3.40.

FRA:BK2's Cyclically Adjusted PB Ratio is ranked worse than
84.78% of 808 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs FRA:BK2: 4.24

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.

Buckle's adjusted book value per share data for the three months ended in Apr. 2026 was €7.615. 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 €8.69 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Buckle  (FRA:BK2) 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.


Buckle Cyclically Adjusted PB Ratio Related Terms


Buckle Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Buckle'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.

Buckle Cyclically Adjusted PB Ratio Chart

Buckle Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.45 3.98 4.49 3.71 4.71

Buckle 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 3.42 4.85 5.37 4.67 5.41

FRA:BK2 vs AEO, CRI, CTRN: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Buckle'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.


Buckle Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRA:BK2
82GF Score
Buckle Inc FRA:BK2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Buckle 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.94/8.69
=4.25

* 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.

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

For example, Buckle'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)
=7.615/333.0200*333.0200
=7.615

Current CPI (Apr. 2026) = 333.0200.

Buckle Quarterly Data

Book Value per Share CPI Adj_Book
201607 8.017 240.628 11.095
201610 8.276 241.729 11.402
201701 8.323 242.839 11.414
201704 8.332 244.524 11.347
201707 7.759 244.786 10.556
201710 7.770 246.663 10.490
201801 6.572 247.867 8.830
201804 6.634 250.546 8.818
201807 7.057 252.006 9.326
201810 7.327 252.885 9.649
201901 7.039 251.712 9.313
201904 7.194 255.548 9.375
201907 7.306 256.571 9.483
201910 7.664 257.346 9.918
202001 7.126 257.971 9.199
202004 7.038 256.389 9.142
202007 7.295 259.101 9.376
202010 7.611 260.388 9.734
202101 6.591 261.582 8.391
202104 7.390 267.054 9.215
202107 8.115 273.003 9.899
202110 9.104 276.589 10.961
202201 5.563 281.148 6.589
202204 6.536 289.109 7.529
202207 7.633 296.276 8.580
202210 8.827 298.012 9.864
202301 6.971 299.170 7.760
202304 7.324 303.363 8.040
202307 7.823 305.691 8.522
202310 8.899 307.671 9.632
202401 7.520 308.417 8.120
202404 7.962 313.548 8.456
202407 8.328 314.540 8.817
202410 8.830 315.664 9.315
202501 8.063 317.671 8.453
202504 7.747 320.795 8.042
202507 7.977 323.048 8.223
202510 8.576 0.000
202601 7.064 325.252 7.233
202604 7.615 333.020 7.615

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 4.25 mean?
Buckle (FRA:BK2) has a Cyclically Adjusted PB Ratio of 4.25 as of Jul. 28, 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 Buckle and its competitors. This is 25% above median its historical median of 3.40. Over the past decade, Buckle's Cyclically Adjusted PB Ratio has ranged from 1.51 to 5.96. According to the industry distribution chart, Buckle ranks #685 out of 808 companies in the Retail - Cyclical industry, placing it in the top 84.8%.
Is Buckle's Cyclically Adjusted PB Ratio too high?
Buckle's current Cyclically Adjusted PB Ratio of 4.25 is 25% above median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 5.96. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Buckle's value of 4.25 is 242.7% above this industry median. Based on the distribution chart, Buckle ranks #685 out of 808 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Buckle has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Buckle's Cyclically Adjusted PB Ratio compare to AEO and CRI?
According to the Retail - Cyclical industry distribution chart, Buckle ranks #685 out of 808 companies for Cyclically Adjusted PB Ratio. This places Buckle in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Buckle's value of 4.25 is 242.7% above this benchmark. Historically, Buckle's own Cyclically Adjusted PB Ratio has ranged from 1.51 to 5.96 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 1.24, Buckle 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 808 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. Buckle's current Cyclically Adjusted PB Ratio of 4.25 is 242.7% 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 Buckle 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. Buckle's current Cyclically Adjusted PB Ratio is 4.25, which is 25% above median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Buckle stock overvalued right now?
Based on GuruFocus' analysis, Buckle (FRA:BK2) is currently considered Fairly Valued. The stock's GF Value™ is €38.67, compared to a current price of €36.94 — trading 4.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.25, which is 25% above median its 10-year median of 3.40 and 242.7% above the Retail - Cyclical industry median of 1.24. Buckle's overall GF Score™ is 82/100 with 2 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 Buckle (FRA:BK2), the current Cyclically Adjusted PB Ratio is 4.25 as of Jul. 28, 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 Buckle (FRA:BK2) Overvalued in 2026?

Based on GuruFocus' analysis, Buckle stock appears to be undervalued. The current stock price of €36.94 is trading 4.5% below its estimated GF Value™ of €38.67. GuruFocus considers Buckle to be Fairly Valued.

Key valuation signals for FRA:BK2:

  • Cyclically Adjusted PB Ratio: 4.25 (25% above median its 10-year median of 3.40)
  • GF Value™: €38.67 vs. price of €36.94 (4.5% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 242.7% above the Retail - Cyclical median (#685 of 808)

No single metric tells the full story. See the FRA:BK2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Buckle Business Description

Other Exchanges BKE:USA0HQ7:UKBK2:Germany
Address 2407 West 24th Street, Kearney, NE, USA, 68845-4915
Buckle Inc is a retailer of casual apparel, footwear, and accessories. The company retails medium to affordable priced casual apparel, footwear, and accessories for fashion-conscious young men and women. It retails under the brand names 'Buckle' and 'The Buckle'. Buckle markets a wide selection of mostly brand-name casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear.
82GF Score

Get the complete analysis for FRA:BK2

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

€36.94
Price
€38.67
GF Value