UAA (Under Armour) Cyclically Adjusted PB Ratio: 1.33 (As of Jul. 23, 2026) — 66% Below Median

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UAA Under Armour Inc UAA
58 GF Score
Price $6.78
GF Value $6.56
Valuation Fairly Valued
! 4 Warning Signs
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What is Under Armour Cyclically Adjusted PB Ratio?

Under Armour UAA -6.68% 58 Cyclically Adjusted PB Ratio is 1.33 as of Jul. 23, 2026, which is 66% below its 10-year median of 3.88. GuruFocus rates UAA with a GF Score™ of 58/100 and a GF Value™ of $6.56 (Fairly Valued). The stock has 4 warning signs investors should review. Among 874 Manufacturing - Apparel & Accessories companies, Under Armour ranks worse than 62.01% on this metric.

As of today (2026-07-23), Under Armour's current share price is $6.775. Under Armour's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $5.11. Under Armour's Cyclically Adjusted PB Ratio for today is 1.33.

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

UAA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 3.88   Max: 22.17
Current: 1.42

During the past years, Under Armour's highest Cyclically Adjusted PB Ratio was 22.17. The lowest was 0.84. And the median was 3.88.

UAA's Cyclically Adjusted PB Ratio is ranked worse than
62.01% of 874 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.995 vs UAA: 1.42

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.

Under Armour's adjusted book value per share data for the three months ended in Mar. 2026 was $3.318. 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 $5.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Under Armour  (NYSE:UAA) 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.


Under Armour Cyclically Adjusted PB Ratio Related Terms


Under Armour Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Under Armour'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.

Under Armour Cyclically Adjusted PB Ratio Chart

Under Armour Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.95 2.04 1.50 1.24 1.16

Under Armour 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 1.24 1.34 0.98 0.99 1.16

UAA vs COLM, FIGS, PVH: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Under Armour'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.


Under Armour Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


UAA
58GF Score
Under Armour Inc UAA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Under Armour 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.

Under Armour's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.775/5.11
=1.33

* 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.

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

For example, Under Armour'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)
=3.318/330.2130*330.2130
=3.318

Current CPI (Mar. 2026) = 330.2130.

Under Armour Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.051 241.018 5.550
201609 4.389 241.428 6.003
201612 4.632 241.432 6.335
201703 4.588 243.801 6.214
201706 4.590 244.955 6.188
201709 4.757 246.819 6.364
201712 4.566 246.524 6.116
201803 4.544 249.554 6.013
201806 4.325 251.989 5.668
201809 4.474 252.439 5.852
201812 4.496 251.233 5.909
201903 4.546 254.202 5.905
201906 4.539 256.143 5.852
201909 4.770 256.759 6.135
201912 4.759 256.974 6.115
202003 3.414 258.115 4.368
202006 3.133 257.797 4.013
202009 3.234 260.280 4.103
202012 3.683 260.474 4.669
202103 3.873 264.877 4.828
202106 3.944 271.696 4.793
202109 4.154 274.310 5.001
202112 4.386 278.802 5.195
202203 3.746 287.504 4.302
202206 3.799 296.311 4.234
202209 4.017 296.808 4.469
202212 4.121 296.797 4.585
202303 4.423 301.836 4.839
202306 4.504 305.109 4.875
202309 4.773 307.789 5.121
202312 4.993 306.746 5.375
202403 4.939 312.332 5.222
202406 4.205 314.175 4.420
202409 4.592 315.301 4.809
202412 4.618 315.605 4.832
202503 4.437 319.799 4.581
202506 4.372 322.561 4.476
202509 4.379 324.800 4.452
202512 3.370 324.054 3.434
202603 3.318 330.213 3.318

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 1.33 mean?
Under Armour (UAA) has a Cyclically Adjusted PB Ratio of 1.33 as of Jul. 23, 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 Under Armour and its competitors. This is 66% below median its historical median of 3.88. Over the past decade, Under Armour's Cyclically Adjusted PB Ratio has ranged from 0.84 to 22.17. According to the industry distribution chart, Under Armour ranks #542 out of 874 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 62%.
Is Under Armour's Cyclically Adjusted PB Ratio too high?
Under Armour's current Cyclically Adjusted PB Ratio of 1.33 is 66% below median its 10-year median of 3.88. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 22.17. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 1.00. Under Armour's value of 1.33 is 33.7% above this industry median. Based on the distribution chart, Under Armour ranks #542 out of 874 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Under Armour has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Under Armour's Cyclically Adjusted PB Ratio compare to COLM and FIGS?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Under Armour ranks #542 out of 874 companies for Cyclically Adjusted PB Ratio. This places Under Armour in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Under Armour's value of 1.33 is 33.7% above this benchmark. Historically, Under Armour's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 22.17 over the past decade. While the company's 10-year median is 3.88 vs. the industry median of 1.00, Under Armour 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 1.00, based on 874 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. Under Armour's current Cyclically Adjusted PB Ratio of 1.33 is 33.7% 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 Under Armour and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Under Armour's current Cyclically Adjusted PB Ratio is 1.33, which is 66% below 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 Under Armour stock overvalued right now?
Based on GuruFocus' analysis, Under Armour (UAA) is currently considered Fairly Valued. The stock's GF Value™ is $6.56, compared to a current price of $6.78 — trading 3.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.33, which is 66% below median its 10-year median of 3.88 and 33.7% above the Manufacturing - Apparel & Accessories industry median of 1.00. Under Armour's overall GF Score™ is 58/100 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 Under Armour (UAA), the current Cyclically Adjusted PB Ratio is 1.33 as of Jul. 23, 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 Under Armour (UAA) Overvalued in 2026?

Based on GuruFocus' analysis, Under Armour stock appears to be overvalued. The current stock price of $6.78 is trading 3.3% above its estimated GF Value™ of $6.56. GuruFocus considers Under Armour to be Fairly Valued.

Key valuation signals for UAA:

  • Cyclically Adjusted PB Ratio: 1.33 (66% below median its 10-year median of 3.88)
  • GF Value™: $6.56 vs. price of $6.78 (3.3% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 33.7% above the Manufacturing - Apparel & Accessories median (#542 of 874)

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


Under Armour Business Description

Address 101 Performance Drive, Baltimore, MD, USA, 21230
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and Latin America. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale partners, company-owned digital channels, and approximately 440 company-owned outlet and full-price stores. The Baltimore-based firm was founded in 1996 and is led by controlling shareholder Kevin Plank.
58GF 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.

$6.78
Price
$6.56
GF Value