Kohl's (LTS:0JRL) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.

LTS:0JRL Kohl's Corp LTS:0JRL
69 GF Score
Price $16.64
GF Value $16.95
Valuation Fairly Valued
! 4 Warning Signs
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What is Kohl's Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kohl's  (LTS:0JRL) 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.


Kohl's Cyclically Adjusted PB Ratio Related Terms


Kohl's Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kohl'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.

Kohl's Cyclically Adjusted PB Ratio Chart

Kohl's Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 0.66 0.65 0.34 0.44

Kohl's Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 0.28 0.41 0.45 0.36 0.49

LTS:0JRL vs PLBL, M, DDS: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Kohl'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.


Kohl's Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


LTS:0JRL
69GF Score
Kohl's Corp LTS:0JRL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kohl'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.

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

For example, Kohl's's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=36.885/333.9180*333.9180
=36.885

Current CPI (Jul. 2026) = 333.9180.

Kohl's Quarterly Data

Book Value per Share CPI Adj_Book
201610 29.017 241.729 40.083
201701 29.753 242.839 40.912
201704 29.164 244.524 39.826
201707 29.710 244.786 40.528
201710 29.935 246.663 40.524
201801 32.256 247.867 43.454
201804 31.881 250.546 42.490
201807 32.856 252.006 43.536
201810 33.048 252.885 43.638
201901 33.908 251.712 44.982
201904 33.593 255.548 43.895
201907 34.094 256.571 44.372
201910 34.108 257.346 44.257
202001 34.936 257.971 45.221
202004 30.316 256.389 39.483
202007 30.614 259.101 39.454
202010 30.620 260.388 39.267
202101 32.886 261.582 41.980
202104 32.592 267.054 40.752
202107 34.336 273.003 41.997
202110 34.725 276.589 41.923
202201 35.580 281.148 42.258
202204 34.813 289.109 40.209
202207 35.500 296.276 40.010
202210 35.009 298.012 39.227
202301 33.901 299.170 37.839
202304 33.514 303.363 36.890
202307 33.649 305.691 36.756
202310 33.793 307.671 36.676
202401 35.072 308.417 37.972
202404 34.351 313.548 36.583
202407 34.505 314.540 36.631
202410 34.270 315.664 36.252
202501 34.252 317.671 36.004
202504 33.741 320.795 35.121
202507 35.063 323.048 36.243
202510 35.089 0.000
202601 36.143 325.252 37.106
202604 35.611 333.020 35.707
202607 36.885 333.918 36.885

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 Kohl's (LTS:0JRL) Overvalued in 2026?

Based on GuruFocus' analysis, Kohl's stock appears to be undervalued. The current stock price of $16.64 is trading 1.8% below its estimated GF Value™ of $16.95. GuruFocus considers Kohl's to be Fairly Valued.

Key valuation signals for LTS:0JRL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $16.95 vs. price of $16.64 (1.8% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the LTS:0JRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kohl's Business Description

Address N56 W17000 Ridgewood Drive, Menomonee Falls, WI, USA, 53051
Kohl's is the second-largest traditional US department store company by sales. It has about 1,150 stores in 49 states and offers moderately priced private-label (31% of 2025 sales) and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most (about 80%) of its stores are in strip centers. Kohl's also has a large digital sales operation (29% of 2025 sales). Women's apparel is the retailer's largest category, having generated 24% of its 2025 sales. Kohl's is headquartered in Menomonee Falls, Wisconsin, and was founded in 1962.
69GF Score

Get the complete analysis for LTS:0JRL

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

$16.64
Price
$16.95
GF Value