Rocky Brands (FRA:RCK) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

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.
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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:RCK Rocky Brands Inc FRA:RCK
67 GF Score
Price €42.80
GF Value €22.27
! 9 Warning Signs
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What is Rocky Brands Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rocky Brands  (FRA:RCK) 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.


Rocky Brands Cyclically Adjusted PB Ratio Related Terms


Rocky Brands Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rocky Brands'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.

Rocky Brands Cyclically Adjusted PB Ratio Chart

Rocky Brands 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 1.79 0.97 1.16 0.83 1.01

Rocky Brands 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 0.78 1.04 1.01 1.31 0.00

FRA:RCK vs FWDI, DBI, WEYS: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Rocky Brands'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.


Rocky Brands Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


FRA:RCK
67GF Score
Rocky Brands Inc FRA:RCK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Rocky Brands 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.

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

For example, Rocky Brands'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)
=30.56/333.9520*333.9520
=30.560

Current CPI (Jun. 2026) = 333.9520.

Rocky Brands Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.363 241.428 22.634
201612 17.258 241.432 23.871
201703 17.083 243.801 23.400
201706 16.333 244.955 22.267
201709 15.585 246.819 21.087
201712 16.114 246.524 21.829
201803 15.748 249.554 21.074
201806 16.826 251.989 22.299
201809 17.329 252.439 22.925
201812 18.083 251.233 24.037
201903 18.528 254.202 24.341
201906 18.796 256.143 24.506
201909 19.855 256.759 25.824
201912 20.148 256.974 26.183
202003 20.308 258.115 26.275
202006 20.115 257.797 26.057
202009 20.004 260.280 25.666
202012 20.358 260.474 26.101
202103 21.212 264.877 26.744
202106 21.322 271.696 26.208
202109 21.677 274.310 26.390
202112 23.980 278.802 28.723
202203 25.392 287.504 29.494
202206 26.450 296.311 29.810
202209 28.875 296.808 32.489
202212 27.716 296.797 31.186
202303 27.242 301.836 30.141
202306 26.448 305.109 28.948
202309 27.574 307.789 29.918
202312 27.658 306.746 30.111
202403 27.942 312.332 29.876
202406 27.928 314.175 29.686
202409 27.608 315.301 29.241
202412 29.752 315.605 31.482
202503 29.321 319.799 30.619
202506 27.780 322.561 28.761
202509 28.001 324.800 28.790
202512 28.685 324.054 29.561
202603 28.988 330.213 29.316
202606 30.560 333.952 30.560

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 Rocky Brands (FRA:RCK) Overvalued in 2026?

Based on GuruFocus' analysis, Rocky Brands stock appears to be overvalued. The current stock price of €42.80 is trading 92.2% above its estimated GF Value™ of €22.27.

Key valuation signals for FRA:RCK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €22.27 vs. price of €42.80 (92.2% above fair value)
  • GF Score™: 67/100 with 9 warning signs

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


Rocky Brands Business Description

Other Exchanges RCKY:USA
Address 39 East Canal Street, Nelsonville, OH, USA, 45764
Rocky Brands Inc is a designer, manufacturer, and marketer of premium footwear and apparel under brands such as Muck, XTRATUF, Rocky, Durango, Georgia Boot, Lehigh, Ranger, and the licensed brand Michelin. The company operates through three segments, with the wholesale segment generating the majority of revenue through sales of footwear and accessories to sporting goods stores, outdoor specialty stores, online retailers, marine stores, independent retailers, mass merchants, retail uniform stores, and specialty safety shoe stores. The retail segment focuses on direct-to-consumer sales through e-commerce platforms and company-operated stores, while the contract manufacturing segment includes sales to the U.S. military, private label production, and sourcing arrangements for customers.
67GF Score

Get the complete analysis for FRA:RCK

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

€42.80
Price
€22.27
GF Value