Tandy Leather Factory (FRA:V5D) Cyclically Adjusted PB Ratio: 0.31 (As of Aug. 03, 2026) — 58% Below 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:V5D Tandy Leather Factory Inc FRA:V5D
47 GF Score
Price €1.99
GF Value €3.49
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Tandy Leather Factory Cyclically Adjusted PB Ratio?

Tandy Leather Factory FRA:V5D 47 Cyclically Adjusted PB Ratio is 0.31 as of Aug. 03, 2026, which is 58% below its 10-year median of 0.73. GuruFocus rates FRA:V5D with a GF Score™ of 47/100 and a GF Value™ of €3.49 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 806 Retail - Cyclical companies, Tandy Leather Factory ranks better than 87.22% on this metric.

As of today (2026-08-03), Tandy Leather Factory's current share price is €1.99. Tandy Leather Factory's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €6.32. Tandy Leather Factory's Cyclically Adjusted PB Ratio for today is 0.31.

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

FRA:V5D' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.73   Max: 2.18
Current: 0.32

During the past years, Tandy Leather Factory's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 0.31. And the median was 0.73.

FRA:V5D's Cyclically Adjusted PB Ratio is ranked better than
87.22% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs FRA:V5D: 0.32

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.

Tandy Leather Factory's adjusted book value per share data for the three months ended in Mar. 2026 was €4.939. 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 €6.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tandy Leather Factory  (FRA:V5D) 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.


Tandy Leather Factory Cyclically Adjusted PB Ratio Related Terms


Tandy Leather Factory Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tandy Leather Factory'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.

Tandy Leather Factory Cyclically Adjusted PB Ratio Chart

Tandy Leather Factory 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 0.85 0.64 0.61 0.66 0.37

Tandy Leather Factory 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 0.40 0.42 0.40 0.37 0.31

FRA:V5D vs RECT, BWTL, AETN: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Tandy Leather Factory'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.


Tandy Leather Factory Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRA:V5D
47GF Score
Tandy Leather Factory Inc FRA:V5D
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tandy Leather Factory 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.

Tandy Leather Factory's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.99/6.32
=0.31

* 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.

Tandy Leather Factory's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tandy Leather Factory'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)
=4.939/330.2130*330.2130
=4.939

Current CPI (Mar. 2026) = 330.2130.

Tandy Leather Factory Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.899 241.018 6.712
201609 5.002 241.428 6.841
201612 5.493 241.432 7.513
201703 5.577 243.801 7.554
201706 5.472 244.955 7.377
201709 5.243 246.819 7.014
201712 5.095 246.524 6.825
201803 5.294 249.554 7.005
201806 5.692 251.989 7.459
201809 5.700 252.439 7.456
201812 5.654 251.233 7.431
201903 5.913 254.202 7.681
201906 5.809 256.143 7.489
201909 5.785 256.759 7.440
201912 5.628 256.974 7.232
202003 5.461 258.115 6.986
202006 5.214 257.797 6.679
202009 4.926 260.280 6.250
202012 4.688 260.474 5.943
202103 4.983 264.877 6.212
202106 5.002 271.696 6.079
202109 5.132 274.310 6.178
202112 5.333 278.802 6.316
202203 5.552 287.504 6.377
202206 5.759 296.311 6.418
202209 6.213 296.808 6.912
202212 5.858 296.797 6.518
202303 5.886 301.836 6.439
202306 5.871 305.109 6.354
202309 6.034 307.789 6.474
202312 6.152 306.746 6.623
202403 6.267 312.332 6.626
202406 6.346 314.175 6.670
202409 6.163 315.301 6.454
202412 6.424 315.605 6.721
202503 6.181 319.799 6.382
202506 5.838 322.561 5.976
202509 5.637 324.800 5.731
202512 5.563 324.054 5.669
202603 4.939 330.213 4.939

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 0.31 mean?
Tandy Leather Factory (FRA:V5D) has a Cyclically Adjusted PB Ratio of 0.31 as of Aug. 03, 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 Tandy Leather Factory and its competitors. This is 58% below median its historical median of 0.73. Over the past decade, Tandy Leather Factory's Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.18. According to the industry distribution chart, Tandy Leather Factory ranks #103 out of 806 companies in the Retail - Cyclical industry, placing it in the top 12.8%.
Is Tandy Leather Factory's Cyclically Adjusted PB Ratio too high?
Tandy Leather Factory's current Cyclically Adjusted PB Ratio of 0.31 is 58% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 2.18. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Tandy Leather Factory's value of 0.31 is 75.2% below this industry median. Based on the distribution chart, Tandy Leather Factory ranks #103 out of 806 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Tandy Leather Factory has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tandy Leather Factory's Cyclically Adjusted PB Ratio compare to RECT and BWTL?
According to the Retail - Cyclical industry distribution chart, Tandy Leather Factory ranks #103 out of 806 companies for Cyclically Adjusted PB Ratio. This places Tandy Leather Factory in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Tandy Leather Factory's value of 0.31 is 75.2% below this benchmark. Historically, Tandy Leather Factory's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.18 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.25, Tandy Leather Factory 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 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. Tandy Leather Factory's current Cyclically Adjusted PB Ratio of 0.31 is 75.2% 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 Tandy Leather Factory and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandy Leather Factory's current Cyclically Adjusted PB Ratio is 0.31, which is 58% below median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandy Leather Factory stock overvalued right now?
Based on GuruFocus' analysis, Tandy Leather Factory (FRA:V5D) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.49, compared to a current price of €1.99 — trading 43% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is 58% below median its 10-year median of 0.73 and 75.2% below the Retail - Cyclical industry median of 1.25. Tandy Leather Factory's overall GF Score™ is 47/100 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 Tandy Leather Factory (FRA:V5D), the current Cyclically Adjusted PB Ratio is 0.31 as of Aug. 03, 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 Tandy Leather Factory (FRA:V5D) Overvalued in 2026?

Based on GuruFocus' analysis, Tandy Leather Factory stock appears to be undervalued. The current stock price of €1.99 is trading 43% below its estimated GF Value™ of €3.49. GuruFocus considers Tandy Leather Factory to be Significantly Undervalued.

Key valuation signals for FRA:V5D:

  • Cyclically Adjusted PB Ratio: 0.31 (58% below median its 10-year median of 0.73)
  • GF Value™: €3.49 vs. price of €1.99 (43% below fair value)
  • GF Score™: 47/100 with 2 warning signs
  • Industry Position: 75.2% below the Retail - Cyclical median (#103 of 806)

No single metric tells the full story. See the FRA:V5D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tandy Leather Factory Business Description

Other Exchanges TLF:USA
Address 7602 SouthWest Loop 820, Suite 101, Fort Worth, TX, USA, 76140
Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. The company sells its products primarily through company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. Geographically the company operates within the United States, and Canada. it generates the highest revenue from the United States.
47GF Score

Get the complete analysis for FRA:V5D

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

€1.99
Price
€3.49
GF Value