Hugo Boss AG (FRA:BOSA) Cyclically Adjusted PB Ratio: 2.18 (As of Jul. 19, 2026) — 42% Below Median

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FRA:BOSA Hugo Boss AG FRA:BOSA
83 GF Score
Price €7.25
GF Value €7.59
Valuation Fairly Valued
! 4 Warning Signs
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What is Hugo Boss AG Cyclically Adjusted PB Ratio?

Hugo Boss AG FRA:BOSA 83 Cyclically Adjusted PB Ratio is 2.18 as of Jul. 19, 2026, which is 42% below its 10-year median of 3.75. GuruFocus rates FRA:BOSA with a GF Score™ of 83/100 and a GF Value™ of €7.59 (Fairly Valued). The stock has 4 warning signs investors should review. Among 882 Manufacturing - Apparel & Accessories companies, Hugo Boss AG ranks worse than 74.38% on this metric.

As of today (2026-07-19), Hugo Boss AG's current share price is €7.25. Hugo Boss AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.33. Hugo Boss AG's Cyclically Adjusted PB Ratio for today is 2.18.

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

FRA:BOSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.62   Med: 3.75   Max: 7.2
Current: 2.17

During the past years, Hugo Boss AG's highest Cyclically Adjusted PB Ratio was 7.20. The lowest was 1.62. And the median was 3.75.

FRA:BOSA's Cyclically Adjusted PB Ratio is ranked worse than
74.38% of 882 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.01 vs FRA:BOSA: 2.17

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.

Hugo Boss AG's adjusted book value per share data for the three months ended in Mar. 2026 was €4.558. 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 €3.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hugo Boss AG  (FRA:BOSA) 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.


Hugo Boss AG Cyclically Adjusted PB Ratio Related Terms


Hugo Boss AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hugo Boss AG'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.

Hugo Boss AG Cyclically Adjusted PB Ratio Chart

Hugo Boss AG 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 4.21 3.78 4.38 2.74 2.11

Hugo Boss AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.11 2.34 2.38 2.11 2.10

FRA:BOSA vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Hugo Boss AG'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.


Hugo Boss AG Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


FRA:BOSA
83GF Score
Hugo Boss AG FRA:BOSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hugo Boss AG 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.

Hugo Boss AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.25/3.33
=2.18

* 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.

Hugo Boss AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hugo Boss AG's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.558/131.2583*131.2583
=4.558

Current CPI (Mar. 2026) = 131.2583.

Hugo Boss AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.127 100.717 2.772
201609 2.336 101.017 3.035
201612 2.569 101.217 3.331
201703 2.697 101.417 3.491
201706 2.324 102.117 2.987
201709 2.537 102.717 3.242
201712 2.652 102.617 3.392
201803 2.788 102.917 3.556
201806 2.443 104.017 3.083
201809 2.643 104.718 3.313
201812 2.843 104.217 3.581
201903 3.185 104.217 4.011
201906 2.736 105.718 3.397
201909 2.744 106.018 3.397
201912 2.903 105.818 3.601
202003 2.840 105.718 3.526
202006 2.272 106.618 2.797
202009 2.252 105.818 2.793
202012 2.184 105.518 2.717
202103 2.202 107.518 2.688
202106 2.269 108.486 2.745
202109 2.437 109.435 2.923
202112 2.682 110.384 3.189
202203 2.808 113.968 3.234
202206 2.880 115.760 3.266
202209 3.112 118.818 3.438
202212 3.236 119.345 3.559
202303 3.321 122.402 3.561
202306 3.338 123.140 3.558
202309 3.553 124.195 3.755
202312 3.746 123.773 3.973
202403 3.863 125.038 4.055
202406 3.712 125.882 3.871
202409 3.822 126.198 3.975
202412 4.135 127.041 4.272
202503 4.271 127.779 4.387
202506 3.944 128.412 4.031
202509 4.127 129.255 4.191
202512 4.455 129.361 4.520
202603 4.558 131.258 4.558

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 2.18 mean?
Hugo Boss AG (FRA:BOSA) has a Cyclically Adjusted PB Ratio of 2.18 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 Hugo Boss AG and its competitors. This is 42% below median its historical median of 3.75. Over the past decade, Hugo Boss AG's Cyclically Adjusted PB Ratio has ranged from 1.62 to 7.20. According to the industry distribution chart, Hugo Boss AG ranks #656 out of 882 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 74.4%.
Is Hugo Boss AG's Cyclically Adjusted PB Ratio too high?
Hugo Boss AG's current Cyclically Adjusted PB Ratio of 2.18 is 42% below median its 10-year median of 3.75. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 7.20. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 1.01. Hugo Boss AG's value of 2.18 is 115.8% above this industry median. Based on the distribution chart, Hugo Boss AG ranks #656 out of 882 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Hugo Boss AG has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hugo Boss AG's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hugo Boss AG ranks #656 out of 882 companies for Cyclically Adjusted PB Ratio. This places Hugo Boss AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Hugo Boss AG's value of 2.18 is 115.8% above this benchmark. Historically, Hugo Boss AG's own Cyclically Adjusted PB Ratio has ranged from 1.62 to 7.20 over the past decade. While the company's 10-year median is 3.75 vs. the industry median of 1.01, Hugo Boss AG 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 1.01, based on 882 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. Hugo Boss AG's current Cyclically Adjusted PB Ratio of 2.18 is 115.8% 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 Hugo Boss AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hugo Boss AG's current Cyclically Adjusted PB Ratio is 2.18, which is 42% below median its own 10-year median of 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hugo Boss AG stock overvalued right now?
Based on GuruFocus' analysis, Hugo Boss AG (FRA:BOSA) is currently considered Fairly Valued. The stock's GF Value™ is €7.59, compared to a current price of €7.25 — trading 4.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.18, which is 42% below median its 10-year median of 3.75 and 115.8% above the Manufacturing - Apparel & Accessories industry median of 1.01. Hugo Boss AG's overall GF Score™ is 83/100 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 Hugo Boss AG (FRA:BOSA), the current Cyclically Adjusted PB Ratio is 2.18 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 Hugo Boss AG (FRA:BOSA) Overvalued in 2026?

Based on GuruFocus' analysis, Hugo Boss AG stock appears to be undervalued. The current stock price of €7.25 is trading 4.5% below its estimated GF Value™ of €7.59. GuruFocus considers Hugo Boss AG to be Fairly Valued.

Key valuation signals for FRA:BOSA:

  • Cyclically Adjusted PB Ratio: 2.18 (42% below median its 10-year median of 3.75)
  • GF Value™: €7.59 vs. price of €7.25 (4.5% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 115.8% above the Manufacturing - Apparel & Accessories median (#656 of 882)

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


Hugo Boss AG Business Description

Address Holy-Allee 3, Metzingen, BW, DEU, 72555
Hugo Boss is a German menswear brand operating in the premium segment under its two brands, Boss and Hugo. The brand was founded in 1924 and initially focused on uniforms. After World War II and the death of its eponymous founder, the company shifted its focus to men's suits. The company is globally present, with 61% of revenue generated in the European market, 24% in the Americas, 13% in the Asia-Pacific, and less than 3% from licenses. It generates over 50% of its sales through its own retail operations.
83GF Score

Get the complete analysis for FRA:BOSA

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

€7.25
Price
€7.59
GF Value