Tapestry (MIL:1TPR) Cyclically Adjusted PB Ratio: 12.46 (As of Aug. 03, 2026) — 221% Above Median

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.

MIL:1TPR Tapestry Inc MIL:1TPR
50 GF Score
Price €127.05
GF Value €67.35
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Tapestry Cyclically Adjusted PB Ratio?

Tapestry MIL:1TPR 50 Cyclically Adjusted PB Ratio is 12.46 as of Aug. 03, 2026, which is 221% above its 10-year median of 3.88. GuruFocus rates MIL:1TPR with a GF Score™ of 50/100 and a GF Value™ of €67.35 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 806 Retail - Cyclical companies, Tapestry ranks worse than 95.41% on this metric.

As of today (2026-08-03), Tapestry's current share price is €127.05. Tapestry's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €10.20. Tapestry's Cyclically Adjusted PB Ratio for today is 12.46.

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

MIL:1TPR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 3.88   Max: 13.23
Current: 12.86

During the past years, Tapestry's highest Cyclically Adjusted PB Ratio was 13.23. The lowest was 1.16. And the median was 3.88.

MIL:1TPR's Cyclically Adjusted PB Ratio is ranked worse than
95.41% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs MIL:1TPR: 12.86

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.

Tapestry's adjusted book value per share data for the three months ended in Mar. 2026 was €2.918. 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 €10.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tapestry  (MIL:1TPR) 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.


Tapestry Cyclically Adjusted PB Ratio Related Terms


Tapestry Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tapestry'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.

Tapestry Cyclically Adjusted PB Ratio Chart

Tapestry Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.12 2.60 3.55 3.44 7.13

Tapestry Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.67 7.13 9.32 10.77 11.91

MIL:1TPR vs SIG, CPRI, REAL: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Tapestry'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.


Tapestry Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


MIL:1TPR
50GF Score
Tapestry Inc MIL:1TPR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tapestry 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=127.05/10.20
=12.46

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.918/330.2130*330.2130
=2.918

Current CPI (Mar. 2026) = 330.2130.

Tapestry Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.574 241.018 11.747
201609 8.673 241.428 11.862
201612 9.497 241.432 12.989
201703 9.619 243.801 13.028
201706 9.477 244.955 12.776
201709 8.679 246.819 11.611
201712 8.751 246.524 11.722
201803 8.843 249.554 11.701
201806 9.644 251.989 12.638
201809 9.787 252.439 12.802
201812 10.573 251.233 13.897
201903 10.773 254.202 13.994
201906 10.842 256.143 13.977
201909 10.159 256.759 13.065
201912 10.834 256.974 13.922
202003 8.369 258.115 10.707
202006 7.319 257.797 9.375
202009 7.744 260.280 9.825
202012 8.553 260.474 10.843
202103 9.084 264.877 11.325
202106 9.679 271.696 11.764
202109 9.736 274.310 11.720
202112 9.813 278.802 11.623
202203 9.141 287.504 10.499
202206 8.964 296.311 9.990
202209 9.456 296.808 10.520
202212 9.253 296.797 10.295
202303 9.120 301.836 9.977
202306 9.245 305.109 10.006
202309 9.876 307.789 10.596
202312 10.632 306.746 11.445
202403 11.110 312.332 11.746
202406 11.691 314.175 12.288
202409 11.542 315.301 12.088
202412 6.169 315.605 6.455
202503 6.653 319.799 6.870
202506 3.574 322.561 3.659
202509 1.655 324.800 1.683
202512 2.322 324.054 2.366
202603 2.918 330.213 2.918

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 12.46 mean?
Tapestry (MIL:1TPR) has a Cyclically Adjusted PB Ratio of 12.46 as of Aug. 03, 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 Tapestry and its competitors. This is 221% above median its historical median of 3.88. Over the past decade, Tapestry's Cyclically Adjusted PB Ratio has ranged from 1.16 to 13.23. According to the industry distribution chart, Tapestry ranks #769 out of 806 companies in the Retail - Cyclical industry, placing it in the top 95.4%.
Is Tapestry's Cyclically Adjusted PB Ratio too high?
Tapestry's current Cyclically Adjusted PB Ratio of 12.46 is 221% above median its 10-year median of 3.88. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 13.23. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Tapestry's value of 12.46 is 896.8% above this industry median. Based on the distribution chart, Tapestry ranks #769 out of 806 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Tapestry has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tapestry's Cyclically Adjusted PB Ratio compare to SIG and CPRI?
According to the Retail - Cyclical industry distribution chart, Tapestry ranks #769 out of 806 companies for Cyclically Adjusted PB Ratio. This places Tapestry in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Tapestry's value of 12.46 is 896.8% above this benchmark. Historically, Tapestry's own Cyclically Adjusted PB Ratio has ranged from 1.16 to 13.23 over the past decade. While the company's 10-year median is 3.88 vs. the industry median of 1.25, Tapestry 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 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. Tapestry's current Cyclically Adjusted PB Ratio of 12.46 is 896.8% 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 Tapestry and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tapestry's current Cyclically Adjusted PB Ratio is 12.46, which is 221% above median its own 10-year median of 3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tapestry stock overvalued right now?
Based on GuruFocus' analysis, Tapestry (MIL:1TPR) is currently considered Significantly Overvalued. The stock's GF Value™ is €67.35, compared to a current price of €127.05 — trading 88.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.46, which is 221% above median its 10-year median of 3.88 and 896.8% above the Retail - Cyclical industry median of 1.25. Tapestry's overall GF Score™ is 50/100 with 5 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 Tapestry (MIL:1TPR), the current Cyclically Adjusted PB Ratio is 12.46 as of Aug. 03, 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 Tapestry (MIL:1TPR) Overvalued in 2026?

Based on GuruFocus' analysis, Tapestry stock appears to be overvalued. The current stock price of €127.05 is trading 88.6% above its estimated GF Value™ of €67.35. GuruFocus considers Tapestry to be Significantly Overvalued.

Key valuation signals for MIL:1TPR:

  • Cyclically Adjusted PB Ratio: 12.46 (221% above median its 10-year median of 3.88)
  • GF Value™: €67.35 vs. price of €127.05 (88.6% above fair value)
  • GF Score™: 50/100 with 5 warning signs
  • Industry Position: 896.8% above the Retail - Cyclical median (#769 of 806)

No single metric tells the full story. See the MIL:1TPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tapestry Business Description

Address 10 Hudson Yards, New York, NY, USA, 10001
Based in New York City, Tapestry is the parent company of accessories and fashion brand Coach, which accounted for 80% of its revenue and well over 90% of its operating profit in fiscal 2025. Handbags accounted for 58% of the brand's fiscal 2025 revenue. Coach products are sold through more than 950 company-owned stores, company-operated digital channels, and wholesale partners in North America, Asia, and Europe. Tapestry also owns Kate Spade (17% of fiscal 2025 revenue), which operates about 335 worldwide stores and generated 52% of its sales from handbags in fiscal 2025. Kate Spade is known for its colorful patterns and graphics. Tapestry sold its smallest brand, luxury footwear maker Stuart Weitzman, to Caleres in August 2025.
50GF Score

Get the complete analysis for MIL:1TPR

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

€127.05
Price
€67.35
GF Value