Bath & Body Works (LTS:0JSC) Cyclically Adjusted PB Ratio: (As of Jul. 31, 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:0JSC Bath & Body Works Inc LTS:0JSC
64 GF Score
Price $19.85
GF Value $33.85
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Bath & Body Works Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bath & Body Works  (LTS:0JSC) 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.


Bath & Body Works Cyclically Adjusted PB Ratio Related Terms


Bath & Body Works Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Bath & Body Works'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.

Bath & Body Works Cyclically Adjusted PB Ratio Chart

Bath & Body Works 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 0.00 0.00 0.00 0.00 0.00

Bath & Body Works Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 0.00 0.00

LTS:0JSC vs MNSO, RH, ASO: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Bath & Body Works'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.


Bath & Body Works Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

* The bar in red indicates where Bath & Body Works's Cyclically Adjusted PB Ratio falls into.


LTS:0JSC
64GF Score
Bath & Body Works Inc LTS:0JSC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bath & Body Works 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.

Bath & Body Works's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Bath & Body Works's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=-5.626/333.0200*333.0200
=-5.626

Current CPI (Apr. 2026) = 333.0200.

Bath & Body Works Quarterly Data

Book Value per Share CPI Adj_Book
201607 -3.951 240.628 -5.468
201610 -4.161 241.729 -5.732
201701 -2.549 242.839 -3.496
201704 -2.923 244.524 -3.981
201707 -3.196 244.786 -4.348
201710 -3.975 246.663 -5.367
201801 -2.689 247.867 -3.613
201804 -3.493 250.546 -4.643
201807 -4.087 252.006 -5.401
201810 -4.778 252.885 -6.292
201901 -3.160 251.712 -4.181
201904 -3.268 255.548 -4.259
201907 -3.380 256.571 -4.387
201910 -4.500 257.346 -5.823
202001 -5.412 257.971 -6.986
202004 -6.694 256.389 -8.695
202007 -6.863 259.101 -8.821
202010 -5.640 260.388 -7.213
202101 -2.381 261.582 -3.031
202104 -1.928 267.054 -2.404
202107 -4.487 273.003 -5.473
202110 -6.446 276.589 -7.761
202201 -5.979 281.148 -7.082
202204 -11.267 289.109 -12.978
202207 -11.680 296.276 -13.129
202210 -11.443 298.012 -12.787
202301 -9.633 299.170 -10.723
202304 -9.480 303.363 -10.407
202307 -9.452 305.691 -10.297
202310 -9.361 307.671 -10.132
202401 -7.201 308.417 -7.775
202404 -7.520 313.548 -7.987
202407 -7.814 314.540 -8.273
202410 -8.060 315.664 -8.503
202501 -6.412 317.671 -6.722
202504 -6.844 320.795 -7.105
202507 -7.442 323.048 -7.672
202510 -7.771 0.000
202601 -6.373 325.252 -6.525
202604 -5.626 333.020 -5.626

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 Bath & Body Works (LTS:0JSC) Overvalued in 2026?

Based on GuruFocus' analysis, Bath & Body Works stock appears to be undervalued. The current stock price of $19.85 is trading 41.4% below its estimated GF Value™ of $33.85. GuruFocus considers Bath & Body Works to be Significantly Undervalued.

Key valuation signals for LTS:0JSC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $33.85 vs. price of $19.85 (41.4% below fair value)
  • GF Score™: 64/100 with 4 warning signs

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


Bath & Body Works Business Description

Address Three Limited Parkway, Columbus, OH, USA, 43230
Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with just 4% of sales from international markets in fiscal 2025. For fiscal 2025, 77% of sales stemmed from the brick-and-mortar network of more than 1,900 retail stores, similar to 2024 levels, as consumer shopping patterns remained normal. Future growth is expected from store upgrades, digital and international channels, as well as adjacent category expansions like men's and lip.
64GF Score

Get the complete analysis for LTS:0JSC

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

$19.85
Price
$33.85
GF Value