GRWG (GrowGeneration) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
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.

GRWG GrowGeneration Corp GRWG
62 GF Score
Price $1.57
GF Value $1.59
Valuation Fairly Valued
! 3 Warning Signs
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What is GrowGeneration Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GrowGeneration  (NAS:GRWG) 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.


GrowGeneration Cyclically Adjusted PB Ratio Related Terms


GrowGeneration Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GrowGeneration'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.

GrowGeneration Cyclically Adjusted PB Ratio Chart

GrowGeneration 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 - - - 0.63 0.52

GrowGeneration 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 0.34 0.68 0.55 0.39 0.52

GRWG vs BARK, NPT, ABLV: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, GrowGeneration'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.


GrowGeneration Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


GRWG
62GF Score
GrowGeneration Corp GRWG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GrowGeneration 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.

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

For example, GrowGeneration'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)
=1.512/333.9520*333.9520
=1.512

Current CPI (Jun. 2026) = 333.9520.

GrowGeneration Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.269 241.428 0.372
201612 0.303 241.432 0.419
201703 0.404 243.801 0.553
201706 0.505 244.955 0.688
201709 0.513 246.819 0.694
201712 0.450 246.524 0.610
201803 0.718 249.554 0.961
201806 1.028 251.989 1.362
201809 1.127 252.439 1.491
201812 1.075 251.233 1.429
201903 1.095 254.202 1.439
201906 1.346 256.143 1.755
201909 1.440 256.759 1.873
201912 1.461 256.974 1.899
202003 1.504 258.115 1.946
202006 1.622 257.797 2.101
202009 2.319 260.280 2.975
202012 5.547 260.474 7.112
202103 5.989 264.877 7.551
202106 6.109 271.696 7.509
202109 6.239 274.310 7.596
202112 6.196 278.802 7.422
202203 6.127 287.504 7.117
202206 3.895 296.311 4.390
202209 3.789 296.808 4.263
202212 3.547 296.797 3.991
202303 3.452 301.836 3.819
202306 3.372 305.109 3.691
202309 3.263 307.789 3.540
202312 2.820 306.746 3.070
202403 2.688 312.332 2.874
202406 2.558 314.175 2.719
202409 2.417 315.301 2.560
202412 2.022 315.605 2.140
202503 1.869 319.799 1.952
202506 1.785 322.561 1.848
202509 1.750 324.800 1.799
202512 1.623 324.054 1.673
202603 1.545 330.213 1.562
202606 1.512 333.952 1.512

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 GrowGeneration (GRWG) Overvalued in 2026?

Based on GuruFocus' analysis, GrowGeneration stock appears to be undervalued. The current stock price of $1.57 is trading 1.3% below its estimated GF Value™ of $1.59. GuruFocus considers GrowGeneration to be Fairly Valued.

Key valuation signals for GRWG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $1.59 vs. price of $1.57 (1.3% below fair value)
  • GF Score™: 62/100 with 3 warning signs

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


GrowGeneration Business Description

Address 5619 DTC Parkway, Suite 900, Greenwood Village, CO, USA, 80111
GrowGeneration Corp owns and operates specialty retail stores focused on hydroponic and organic gardening. The company markets and distributes nutrients, growing media, indoor and greenhouse lighting, ventilation systems, and related accessories. It operates through two reportable segments: Cultivation and Gardening, which includes its hydroponic and organic gardening business, and Storage Solutions, which includes its benching, racking, and storage solutions operations. The company generates revenue mainly from the sale of proprietary and non-proprietary products through retail stores, e-commerce platforms, wholesale distribution, and commercial sales, along with the sale and installation of commercial fixtures.
62GF Score

Get the complete analysis for GRWG

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

$1.57
Price
$1.59
GF Value