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Tractor Supply CoTSCO +1.00%77 Cyclically Adjusted PB Ratio is 8.27 as of Jul. 27, 2026, which is 40% below its 10-year median of 13.67. GuruFocus rates TSCO with a GF Score™ of 77/100 and a GF Value™ of $56.54 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 808 Retail - Cyclical companies, Tractor Supply Co ranks worse than 91.96% on this metric.
The historical rank and industry rank for Tractor Supply Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TSCO'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.5 Med: 13.67 Max: 19.13
Current: 8.18
During the past years, Tractor Supply Co's highest Cyclically Adjusted PB Ratio was 19.13. The lowest was 6.50. And the median was 13.67.
TSCO's Cyclically Adjusted PB Ratio is ranked worse than 91.96% of 808
companies
in the Retail - Cyclical industry
Industry Median: 1.24
vs TSCO: 8.18
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.
Tractor Supply Co's adjusted book value per share data for the three months ended in Mar. 2026 was $4.783. 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 $3.79 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tractor Supply Co (NAS:TSCO) 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.
Tractor Supply Co Cyclically Adjusted PB Ratio Related Terms
Tractor Supply Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Tractor Supply Co'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.
Tractor Supply Co Cyclically Adjusted PB Ratio Chart
TSCO vs BBY, DKS, ULTA: Cyclically Adjusted PB Ratio Comparison
For the Specialty Retail subindustry, Tractor Supply Co'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.
Tractor Supply Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tractor Supply Co's Cyclically Adjusted PB Ratio falls into.
Tractor Supply Co 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.
Tractor Supply Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 8.27 mean?
Tractor Supply Co (TSCO) has a Cyclically Adjusted PB Ratio of 8.27 as of Jul. 27, 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 Tractor Supply Co and its competitors. This is 40% below median its historical median of 13.67. Over the past decade, Tractor Supply Co's Cyclically Adjusted PB Ratio has ranged from 6.50 to 19.13. According to the industry distribution chart, Tractor Supply Co ranks #743 out of 808 companies in the Retail - Cyclical industry, placing it in the top 92%.
Is Tractor Supply Co's Cyclically Adjusted PB Ratio too high?
Tractor Supply Co's current Cyclically Adjusted PB Ratio of 8.27 is 40% below median its 10-year median of 13.67. Over the past 10 years, this metric has ranged from a low of 6.50 to a high of 19.13. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Tractor Supply Co's value of 8.27 is 566.9% above this industry median. Based on the distribution chart, Tractor Supply Co ranks #743 out of 808 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Tractor Supply Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tractor Supply Co's Cyclically Adjusted PB Ratio compare to BBY and DKS?
According to the Retail - Cyclical industry distribution chart, Tractor Supply Co ranks #743 out of 808 companies for Cyclically Adjusted PB Ratio. This places Tractor Supply Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Tractor Supply Co's value of 8.27 is 566.9% above this benchmark. Historically, Tractor Supply Co's own Cyclically Adjusted PB Ratio has ranged from 6.50 to 19.13 over the past decade. While the company's 10-year median is 13.67 vs. the industry median of 1.24, Tractor Supply Co 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 1.24, based on 808 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. Tractor Supply Co's current Cyclically Adjusted PB Ratio of 8.27 is 566.9% 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 Tractor Supply Co and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tractor Supply Co's current Cyclically Adjusted PB Ratio is 8.27, which is 40% below median its own 10-year median of 13.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tractor Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Tractor Supply Co (TSCO) is currently considered Significantly Undervalued. The stock's GF Value™ is $56.54, compared to a current price of $31.33 — trading 44.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.27, which is 40% below median its 10-year median of 13.67 and 566.9% above the Retail - Cyclical industry median of 1.24. Tractor Supply Co's overall GF Score™ is 77/100 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 Tractor Supply Co (TSCO), the current Cyclically Adjusted PB Ratio is 8.27 as of Jul. 27, 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 Tractor Supply Co (TSCO) Overvalued in 2026?
Based on GuruFocus' analysis, Tractor Supply Co stock appears to be undervalued.
The current stock price of $31.33 is trading 44.6% below its estimated GF Value™ of $56.54.
GuruFocus considers Tractor Supply Co to be Significantly Undervalued.
Key valuation signals for TSCO:
Cyclically Adjusted PB Ratio: 8.27 (40% below median its 10-year median of 13.67)
GF Value™: $56.54 vs. price of $31.33 (44.6% below fair value)
Industry Position: 566.9% above the Retail - Cyclical median (#743 of 808)
No single metric tells the full story. See the TSCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. As of March 2026, the company operated 2,435 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities rather than urban and suburban areas. In fiscal 2025, revenue consisted of livestock, equine & agriculture (around 27%); companion animal (24%); seasonal & recreation (around 24%); truck, tool, & hardware (15%); and clothing, gift, and décor (10%).
77GF Score
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