RH (RH) Cyclically Adjusted PB Ratio: 13.42 (As of Jul. 07, 2026) — Near Median


RH RH RH
77 GF Score
Price $169.00
GF Value $318.67
Valuation Possible Value Trap
! 6 Warning Signs
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What is RH Cyclically Adjusted PB Ratio?

RH RH -0.05% 77 Cyclically Adjusted PB Ratio is 13.42 as of Jul. 07, 2026, which is 5% below its 10-year median of 14.15. GuruFocus rates RH with a GF Score™ of 77/100 and a GF Value™ of $318.67 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 806 Retail - Cyclical companies, RH ranks worse than 95.41% on this metric.

As of today (2026-07-07), RH's current share price is $169.00. RH's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $12.59. RH's Cyclically Adjusted PB Ratio for today is 13.42.

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

RH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.46   Med: 14.15   Max: 63.94
Current: 13.43

During the past years, RH's highest Cyclically Adjusted PB Ratio was 63.94. The lowest was 2.46. And the median was 14.15.

RH's Cyclically Adjusted PB Ratio is ranked worse than
95.41% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs RH: 13.43

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.

RH's adjusted book value per share data for the three months ended in Apr. 2026 was $3.012. 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 $12.59 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RH  (NYSE:RH) 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.


RH Cyclically Adjusted PB Ratio Related Terms


RH Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RH'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.

RH Cyclically Adjusted PB Ratio Chart

RH 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 27.22 15.91 13.91 27.10 15.35

RH 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 12.38 14.45 12.68 15.35 10.48

RH vs ASO, MNSO, BOBS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, RH'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.


RH Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


RH
77GF Score
RH RH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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RH 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=169.00/12.59
=13.42

* 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.

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

For example, RH'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)
=3.012/333.0200*333.0200
=3.012

Current CPI (Apr. 2026) = 333.0200.

RH Quarterly Data

Book Value per Share CPI Adj_Book
201607 21.943 240.628 30.368
201610 22.134 241.729 30.493
201701 22.530 242.839 30.897
201704 18.829 244.524 25.643
201707 -2.212 244.786 -3.009
201710 -1.186 246.663 -1.601
201801 -0.341 247.867 -0.458
201804 0.400 250.546 0.532
201807 6.571 252.006 8.683
201810 1.510 252.885 1.988
201901 -1.889 251.712 -2.499
201904 -13.475 255.548 -17.560
201907 -9.570 256.571 -12.422
201910 -3.340 257.346 -4.322
202001 0.970 257.971 1.252
202004 0.993 256.389 1.290
202007 6.594 259.101 8.475
202010 14.960 260.388 19.133
202101 21.292 261.582 27.107
202104 28.279 267.054 35.264
202107 37.665 273.003 45.945
202110 46.951 276.589 56.530
202201 54.414 281.148 64.453
202204 54.407 289.109 62.671
202207 51.455 296.276 57.836
202210 54.805 298.012 61.243
202301 35.594 299.170 39.621
202304 38.066 303.363 41.787
202307 -15.468 305.691 -16.851
202310 -18.290 307.671 -19.797
202401 -16.237 308.417 -17.532
202404 -15.806 313.548 -16.788
202407 -12.699 314.540 -13.445
202410 -9.839 315.664 -10.380
202501 -8.736 317.671 -9.158
202504 -5.913 320.795 -6.138
202507 -2.182 323.048 -2.249
202510 0.178 0.000
202601 3.220 325.252 3.297
202604 3.012 333.020 3.012

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 13.42 mean?
RH (RH) has a Cyclically Adjusted PB Ratio of 13.42 as of Jul. 07, 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 RH and its competitors. This is near median its historical median of 14.15. Over the past decade, RH's Cyclically Adjusted PB Ratio has ranged from 2.46 to 63.94. According to the industry distribution chart, RH ranks #769 out of 806 companies in the Retail - Cyclical industry, placing it in the top 95.4%.
Is RH's Cyclically Adjusted PB Ratio too high?
RH's current Cyclically Adjusted PB Ratio of 13.42 is near median its 10-year median of 14.15. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 63.94. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. RH's value of 13.42 is 973.6% above this industry median. Based on the distribution chart, RH ranks #769 out of 806 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, RH has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RH's Cyclically Adjusted PB Ratio compare to ASO and MNSO?
According to the Retail - Cyclical industry distribution chart, RH ranks #769 out of 806 companies for Cyclically Adjusted PB Ratio. This places RH in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. RH's value of 13.42 is 973.6% above this benchmark. Historically, RH's own Cyclically Adjusted PB Ratio has ranged from 2.46 to 63.94 over the past decade. While the company's 10-year median is 14.15 vs. the industry median of 1.25, RH 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. RH's current Cyclically Adjusted PB Ratio of 13.42 is 973.6% 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 RH 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. RH's current Cyclically Adjusted PB Ratio is 13.42, which is near median its own 10-year median of 14.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RH stock overvalued right now?
Based on GuruFocus' analysis, RH (RH) is currently considered Possible Value Trap. The stock's GF Value™ is $318.67, compared to a current price of $169.00 — trading 47% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.42, which is near median its 10-year median of 14.15 and 973.6% above the Retail - Cyclical industry median of 1.25. RH's overall GF Score™ is 77/100 with 6 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 RH (RH), the current Cyclically Adjusted PB Ratio is 13.42 as of Jul. 07, 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 RH (RH) Overvalued in 2026?

Based on GuruFocus' analysis, RH stock appears to be undervalued. The current stock price of $169.00 is trading 47% below its estimated GF Value™ of $318.67. GuruFocus considers RH to be Possible Value Trap.

Key valuation signals for RH:

  • Cyclically Adjusted PB Ratio: 13.42 (near median its 10-year median of 14.15)
  • GF Value™: $318.67 vs. price of $169.00 (47% below fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 973.6% above the Retail - Cyclical median (#769 of 806)

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


RH Business Description

Address 15 Koch Road, Corte Madera, CA, USA, 94925
RH is a luxury furniture and lifestyle retailer primarily operating in the $136 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories, including furniture, lighting, textiles, bath, decor, and is growing the presence of its hospitality business with 26 restaurant locations, including RH Guesthouse. RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Estates and Waterworks, for example). RH is fully integrated across channels and is positioned to broaden its addressable market over the next decade via expanding abroad, its World of RH digital platform (highlighting offerings outside of home furnishings), and offerings in architecture, media, and more.
77GF Score

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

$169.00
Price
$318.67
GF Value