Woolworths Holdings (FRA:WN3) Cyclically Adjusted PB Ratio: 3.29 (As of Jul. 12, 2026) — 16% Below Median


FRA:WN3 Woolworths Holdings Ltd FRA:WN3
74 GF Score
Price €2.60
GF Value €3.73
! 4 Warning Signs
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What is Woolworths Holdings Cyclically Adjusted PB Ratio?

Woolworths Holdings FRA:WN3 74 Cyclically Adjusted PB Ratio is 3.29 as of Jul. 12, 2026, which is 16% below its 10-year median of 3.94. GuruFocus rates FRA:WN3 with a GF Score™ of 74/100 and a GF Value™ of €3.73. The stock has 4 warning signs investors should review. Among 809 Retail - Cyclical companies, Woolworths Holdings ranks worse than 77.75% on this metric.

As of today (2026-07-12), Woolworths Holdings's current share price is €2.60. Woolworths Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was €0.79. Woolworths Holdings's Cyclically Adjusted PB Ratio for today is 3.29.

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

FRA:WN3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.06   Med: 3.94   Max: 10.21
Current: 2.99

During the past 13 years, Woolworths Holdings's highest Cyclically Adjusted PB Ratio was 10.21. The lowest was 2.06. And the median was 3.94.

FRA:WN3's Cyclically Adjusted PB Ratio is ranked worse than
77.75% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs FRA:WN3: 2.99

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.

Woolworths Holdings's adjusted book value per share data of for the fiscal year that ended in Jun25 was €0.580. 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 €0.79 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Woolworths Holdings  (FRA:WN3) 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.


Woolworths Holdings Cyclically Adjusted PB Ratio Related Terms


Woolworths Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Woolworths Holdings'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.

Woolworths Holdings Cyclically Adjusted PB Ratio Chart

Woolworths Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.82 3.49 4.30 3.58 3.13

Woolworths Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 3.58 0.00 3.13 0.00

FRA:WN3 vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Woolworths Holdings'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.


Woolworths Holdings Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


FRA:WN3
74GF Score
Woolworths Holdings Ltd FRA:WN3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Woolworths Holdings 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.

Woolworths Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.60/0.79
=3.29

* 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.

Woolworths Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Woolworths Holdings's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=0.58/160.9852*160.9852
=0.580

Current CPI (Jun25) = 160.9852.

Woolworths Holdings Annual Data

Book Value per Share CPI Adj_Book
201606 1.221 106.713 1.842
201706 1.367 112.054 1.964
201806 0.880 116.959 1.211
201906 0.602 122.191 0.793
202006 0.352 124.807 0.454
202106 0.582 131.113 0.715
202206 0.746 140.835 0.853
202306 0.653 148.802 0.706
202406 0.606 156.269 0.624
202506 0.580 160.985 0.580

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 3.29 mean?
Woolworths Holdings (FRA:WN3) has a Cyclically Adjusted PB Ratio of 3.29 as of Jul. 12, 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 Woolworths Holdings and its competitors. This is 16% below median its historical median of 3.94. Over the past decade, Woolworths Holdings' Cyclically Adjusted PB Ratio has ranged from 2.06 to 10.21. According to the industry distribution chart, Woolworths Holdings ranks #629 out of 809 companies in the Retail - Cyclical industry, placing it in the top 77.8%.
Is Woolworths Holdings' Cyclically Adjusted PB Ratio too high?
Woolworths Holdings' current Cyclically Adjusted PB Ratio of 3.29 is 16% below median its 10-year median of 3.94. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 10.21. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Woolworths Holdings' value of 3.29 is 163.2% above this industry median. Based on the distribution chart, Woolworths Holdings ranks #629 out of 809 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Woolworths Holdings has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Woolworths Holdings' Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Woolworths Holdings ranks #629 out of 809 companies for Cyclically Adjusted PB Ratio. This places Woolworths Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Woolworths Holdings' value of 3.29 is 163.2% above this benchmark. Historically, Woolworths Holdings' own Cyclically Adjusted PB Ratio has ranged from 2.06 to 10.21 over the past decade. While the company's 10-year median is 3.94 vs. the industry median of 1.25, Woolworths Holdings 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 1.25, based on 809 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. Woolworths Holdings's current Cyclically Adjusted PB Ratio of 3.29 is 163.2% 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 Woolworths Holdings 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. Woolworths Holdings's current Cyclically Adjusted PB Ratio is 3.29, which is 16% below median its own 10-year median of 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Woolworths Holdings stock overvalued right now?
Woolworths Holdings (FRA:WN3) has a current Cyclically Adjusted PB Ratio of 3.29. The stock's GF Value™ is €3.73, compared to a current price of €2.60 — trading 30.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.29, which is 16% below median its 10-year median of 3.94 and 163.2% above the Retail - Cyclical industry median of 1.25. Woolworths Holdings' overall GF Score™ is 74/100 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 Woolworths Holdings (FRA:WN3), the current Cyclically Adjusted PB Ratio is 3.29 as of Jul. 12, 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 Woolworths Holdings (FRA:WN3) Overvalued in 2026?

Based on GuruFocus' analysis, Woolworths Holdings stock appears to be undervalued. The current stock price of €2.60 is trading 30.3% below its estimated GF Value™ of €3.73.

Key valuation signals for FRA:WN3:

  • Cyclically Adjusted PB Ratio: 3.29 (16% below median its 10-year median of 3.94)
  • GF Value™: €3.73 vs. price of €2.60 (30.3% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 163.2% above the Retail - Cyclical median (#629 of 809)

No single metric tells the full story. See the FRA:WN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Woolworths Holdings Business Description

Other Exchanges WHL:South AfricaWLWHY:USA
Address 93 Longmarket Street, Woolworths House, Cape Town, WC, ZAF, 8001
Woolworths Holdings Ltd is a southern hemisphere retail Group. Its current operations are conducted through its two operating subsidiaries. The segments involve: Fashion, Beauty and Home; Food; Logistics; Woolworths Financial Services; Country Road Group; and Treasury. It derives maximum revenue from Food Segment. Geographically, It operates iun South Africa, Australia and New Zealand and Rest of Africa.
74GF Score

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

€2.60
Price
€3.73
GF Value