VF (MEX:VFC) Cyclically Adjusted PB Ratio: 1.62 (As of Aug. 29, 2026) — 65% Below Median

Author: Vera Yuan Vera Yuan
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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
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:VFC VF Corp MEX:VFC
57 GF Score
Price MXN263.00
GF Value MXN302.44
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is VF Cyclically Adjusted PB Ratio?

VF MEX:VFC 57 Cyclically Adjusted PB Ratio is 1.62 as of Aug. 29, 2026, which is 65% below its 10-year median of 4.61. GuruFocus rates MEX:VFC with a GF Score™ of 57/100 and a GF Value™ of MXN302.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 638 Manufacturing - Apparel & Accessories companies, VF ranks worse than 64.42% on this metric.

As of today (2026-08-29), VF's current share price is MXN263.00. VF's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN162.51. VF's Cyclically Adjusted PB Ratio for today is 1.62.

The historical rank and industry rank for VF's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:VFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 4.61   Max: 8.39
Current: 1.4

During the past years, VF's highest Cyclically Adjusted PB Ratio was 8.39. The lowest was 0.96. And the median was 4.61.

MEX:VFC's Cyclically Adjusted PB Ratio is ranked worse than
64.42% of 638 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.93 vs MEX:VFC: 1.40

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

VF's adjusted book value per share data for the three months ended in Jun. 2026 was MXN78.325. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN162.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VF  (MEX:VFC) 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.


VF Cyclically Adjusted PB Ratio Related Terms


VF Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VF'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.

VF Cyclically Adjusted PB Ratio Chart

VF Annual Data
Trend Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 1.82 1.29 1.43 1.71

VF 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 1.11 1.39 1.81 1.71 1.71

MEX:VFC vs KTB, LEVI, ZGN: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, VF'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.


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

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

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


MEX:VFC
57GF Score
VF Corp MEX:VFC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VF 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.

VF's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=263.00/162.51
=1.62

* 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.

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

For example, VF'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)
=78.325/333.9520*333.9520
=78.325

Current CPI (Jun. 2026) = 333.9520.

VF Quarterly Data

Book Value per Share CPI Adj_Book
201609 227.754 241.428 315.038
201612 246.048 241.432 340.337
201703 202.328 243.801 277.143
201706 167.489 244.955 228.341
201709 181.130 246.819 245.073
201712 184.570 246.524 250.026
201803 169.926 249.554 227.394
201806 185.368 251.989 245.662
201809 196.843 252.439 260.404
201812 213.524 251.233 283.827
201903 210.124 254.202 276.046
201906 200.411 256.143 261.290
201909 230.035 256.759 299.194
201912 218.349 256.974 283.757
202003 202.470 258.115 261.958
202006 172.541 257.797 223.511
202009 166.844 260.280 214.069
202012 159.659 260.474 204.698
202103 159.389 264.877 200.955
202106 165.994 271.696 204.030
202109 188.391 274.310 229.352
202112 192.720 278.802 230.842
202203 181.028 287.504 210.274
202206 173.609 296.311 195.663
202209 159.734 296.808 179.724
202212 166.520 296.797 187.366
202303 134.989 301.836 149.352
202306 119.783 305.109 131.106
202309 98.992 307.789 107.407
202312 92.079 306.746 100.246
202403 70.782 312.332 75.682
202406 65.333 314.175 69.446
202409 71.135 315.301 75.343
202412 89.958 315.605 95.188
202503 78.083 319.799 81.539
202506 62.303 322.561 64.503
202509 69.386 324.800 71.341
202512 82.157 324.054 84.666
202603 85.203 330.213 86.168
202606 78.325 333.952 78.325

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.

What does a Cyclically Adjusted PB Ratio of 1.62 mean?
VF (MEX:VFC) has a Cyclically Adjusted PB Ratio of 1.62 as of Aug. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on VF and its competitors. This is 65% below median its historical median of 4.61. Over the past decade, VF's Cyclically Adjusted PB Ratio has ranged from 0.96 to 8.39. According to the industry distribution chart, VF ranks #411 out of 638 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 64.4%.
Is VF's Cyclically Adjusted PB Ratio too high?
VF's current Cyclically Adjusted PB Ratio of 1.62 is 65% below median its 10-year median of 4.61. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 8.39. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.93. VF's value of 1.62 is 74.2% above this industry median. Based on the distribution chart, VF ranks #411 out of 638 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, VF has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VF's Cyclically Adjusted PB Ratio compare to KTB and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VF ranks #411 out of 638 companies for Cyclically Adjusted PB Ratio. This places VF in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.93. VF's value of 1.62 is 74.2% above this benchmark. Historically, VF's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 8.39 over the past decade. While the company's 10-year median is 4.61 vs. the industry median of 0.93, VF has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.93, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VF's current Cyclically Adjusted PB Ratio of 1.62 is 74.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on VF and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VF's current Cyclically Adjusted PB Ratio is 1.62, which is 65% below median its own 10-year median of 4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VF stock overvalued right now?
Based on GuruFocus' analysis, VF (MEX:VFC) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN302.44, compared to a current price of MXN263.00 — trading 13% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.62, which is 65% below median its 10-year median of 4.61 and 74.2% above the Manufacturing - Apparel & Accessories industry median of 0.93. VF's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For VF (MEX:VFC), the current Cyclically Adjusted PB Ratio is 1.62 as of Aug. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VF (MEX:VFC) Overvalued in 2026?

Based on GuruFocus' analysis, VF stock appears to be undervalued. The current stock price of MXN263.00 is trading 13% below its estimated GF Value™ of MXN302.44. GuruFocus considers VF to be Modestly Undervalued.

Key valuation signals for MEX:VFC:

  • Cyclically Adjusted PB Ratio: 1.62 (65% below median its 10-year median of 4.61)
  • GF Value™: MXN302.44 vs. price of MXN263.00 (13% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 74.2% above the Manufacturing - Apparel & Accessories median (#411 of 638)

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


VF Business Description

Address 1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of 10 brands includes Vans, The North Face, Timberland, and Altra. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. Tracing its roots to 1899, the company has evolved through many brand acquisitions and divestitures.
57GF Score

Get the complete analysis for MEX:VFC

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

MXN263.00
Price
MXN302.44
GF Value