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LOW (Lowe's) Cyclically Adjusted PB Ratio : (As of May. 24, 2025)


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What is Lowe's Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lowe's Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lowe's'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.

* Premium members only.

Lowe's Cyclically Adjusted PB Ratio Chart

Lowe's Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.57 28.51 38.04 144.59 -

Lowe's Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 471.82 - - - -

Competitive Comparison of Lowe's's Cyclically Adjusted PB Ratio

For the Home Improvement Retail subindustry, Lowe's'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.


Lowe's's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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


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Lowe's 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.

Lowe's's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, Lowe's's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book=Book Value per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=-23.68/135.3468*135.3468
=-23.680

Current CPI (Apr. 2025) = 135.3468.

Lowe's Quarterly Data

Book Value per Share CPI Adj_Book
201507 9.361 100.691 12.583
201510 9.136 100.346 12.323
201601 8.411 99.957 11.389
201604 8.067 100.947 10.816
201607 7.847 101.524 10.461
201610 7.559 101.988 10.031
201701 7.070 102.456 9.340
201704 6.484 103.167 8.506
201707 6.614 103.278 8.668
201710 6.910 104.070 8.987
201801 7.076 104.578 9.158
201804 6.989 105.708 8.949
201807 7.128 106.324 9.074
201810 6.692 106.695 8.489
201901 4.549 106.200 5.797
201904 4.070 107.818 5.109
201907 3.402 108.250 4.254
201910 3.201 108.577 3.990
202001 2.585 108.841 3.215
202004 2.273 108.173 2.844
202007 5.762 109.318 7.134
202010 5.416 109.861 6.672
202101 1.966 110.364 2.411
202104 0.622 112.673 0.747
202107 -0.250 115.183 -0.294
202110 -2.297 116.696 -2.664
202201 -7.188 118.619 -8.202
202204 -10.548 121.978 -11.704
202207 -13.379 125.002 -14.486
202210 -21.061 125.734 -22.671
202301 -23.717 126.223 -25.431
202304 -24.848 127.992 -26.276
202307 -25.313 128.974 -26.564
202310 -26.343 129.810 -27.467
202401 -26.220 130.124 -27.272
202404 -25.526 132.289 -26.116
202407 -24.231 132.708 -24.713
202410 -23.750 133.182 -24.136
202501 -25.413 134.029 -25.663
202504 -23.680 135.347 -23.680

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.


Lowe's  (NYSE:LOW) 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.


Lowe's Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Lowe's's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Lowe's Business Description

Address
1000 Lowes Boulevard, Mooresville, NC, USA, 28117
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 70% of sales) and do-it-for-me customers, but has expanded its commercial and professional business clients to 30% from less than 20% in the past six years. We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
Executives
Quonta D Vance officer: EVP, Pro & Home Services 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Joseph Michael Mcfarland officer: EVP, Stores 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Seemantini Godbole officer: EVP, Chief Information Officer 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Griggs Dan Clayton Jr officer: Vice President, CAO 1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Brandon J Sink officer: EVP, Chief Financial Officer 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Janice Dupre Little officer: EVP Human Resources 1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Donald Frieson officer: EVP, Supply Chain 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
William P Boltz officer: EVP, Merchandising 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Juliette Williams Pryor officer: EVP, CLO & Corp. Sec. 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Ross W Mccanless officer: SR VP Gen Counsel & Secretary
Scott H Baxter director 400 NORTH ELM STREET, GREENSBORO NC 27401
Taylor Colleen director C/O BILL.COM HOLDINGS, INC., 1800 EMBARCADERO ROAD, PALO ALTO CA 94303
Stone West Mary E director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Daniel J Heinrich director CLOROX CO, 1221 BROADWAY, OAKLAND CA 94612
David H Batchelder director 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117