Crocs (MEX:CROX) 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.

MEX:CROX Crocs Inc MEX:CROX
67 GF Score
Price MXN2,140.00
GF Value MXN2,110.49
Valuation Fairly Valued
! 3 Warning Signs
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What is Crocs Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Crocs  (MEX:CROX) 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.


Crocs Cyclically Adjusted PB Ratio Related Terms


Crocs Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Crocs'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.

Crocs Cyclically Adjusted PB Ratio Chart

Crocs 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 - 23.40 13.34 12.73 7.02

Crocs 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 9.77 7.57 7.39 6.38 9.16

MEX:CROX vs BIRK, SHOO, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, Crocs'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.


Crocs Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crocs's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:CROX
67GF Score
Crocs Inc MEX:CROX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Crocs 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.

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

For example, Crocs'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)
=503.024/333.9520*333.9520
=503.024

Current CPI (Jun. 2026) = 333.9520.

Crocs Quarterly Data

Book Value per Share CPI Adj_Book
201609 72.226 241.428 99.906
201612 61.688 241.432 85.328
201703 59.584 243.801 81.617
201706 61.171 244.955 83.396
201709 59.863 246.819 80.996
201712 52.857 246.524 71.602
201803 49.037 249.554 65.621
201806 57.214 251.989 75.824
201809 54.503 252.439 72.102
201812 40.384 251.233 53.681
201903 33.123 254.202 43.515
201906 30.898 256.143 40.284
201909 33.825 256.759 43.994
201912 36.523 256.974 47.464
202003 32.740 258.115 42.359
202006 53.741 257.797 69.616
202009 74.574 260.280 95.682
202012 87.876 260.474 112.665
202103 102.336 264.877 129.023
202106 114.507 271.696 140.745
202109 117.864 274.310 143.491
202112 4.943 278.802 5.921
202203 113.038 287.504 131.300
202206 161.133 296.311 181.602
202209 205.573 296.808 231.299
202212 258.129 296.797 290.443
202303 282.052 301.836 312.063
202306 328.563 305.109 359.623
202309 343.070 307.789 372.232
202312 407.000 306.746 443.098
202403 437.329 312.332 467.601
202406 507.211 314.175 539.139
202409 578.047 315.301 612.240
202412 675.873 315.605 715.163
202503 718.261 319.799 750.048
202506 489.929 322.561 507.230
202509 477.204 324.800 490.650
202512 463.014 324.054 477.156
202603 510.502 330.213 516.282
202606 503.024 333.952 503.024

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 Crocs (MEX:CROX) Overvalued in 2026?

Based on GuruFocus' analysis, Crocs stock appears to be overvalued. The current stock price of MXN2,140.00 is trading 1.4% above its estimated GF Value™ of MXN2,110.49. GuruFocus considers Crocs to be Fairly Valued.

Key valuation signals for MEX:CROX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN2,110.49 vs. price of MXN2,140.00 (1.4% above fair value)
  • GF Score™: 67/100 with 3 warning signs

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


Crocs Business Description

Address 500 Eldorado Boulevard, Building 5, Broomfield, CO, USA, 80021
Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable operating segments of the company are the Crocs Brand and the HEYDUDE Brand. The company derives maximum revenue from the Crocs brand segment.
67GF Score

Get the complete analysis for MEX:CROX

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

MXN2,140.00
Price
MXN2,110.49
GF Value