The Estee Lauder (WBO:ESLA) Cyclically Adjusted PB Ratio: 5.39 (As of Jul. 27, 2026) — 65% Below Median

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WBO:ESLA The Estee Lauder Companies Inc WBO:ESLA
67 GF Score
Price €70.98
GF Value €80.79
Valuation Modestly Undervalued
! 3 Warning Signs
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What is The Estee Lauder Cyclically Adjusted PB Ratio?

The Estee Lauder WBO:ESLA +1.89% 67 Cyclically Adjusted PB Ratio is 5.39 as of Jul. 27, 2026, which is 65% below its 10-year median of 15.25. GuruFocus rates WBO:ESLA with a GF Score™ of 67/100 and a GF Value™ of €80.79 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,440 Consumer Packaged Goods companies, The Estee Lauder ranks worse than 90.07% on this metric.

As of today (2026-07-27), The Estee Lauder's current share price is €70.98. The Estee Lauder's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €13.18. The Estee Lauder's Cyclically Adjusted PB Ratio for today is 5.39.

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

WBO:ESLA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.38   Med: 15.25   Max: 30
Current: 5.04

During the past years, The Estee Lauder's highest Cyclically Adjusted PB Ratio was 30.00. The lowest was 3.38. And the median was 15.25.

WBO:ESLA's Cyclically Adjusted PB Ratio is ranked worse than
90.07% of 1440 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs WBO:ESLA: 5.04

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.

The Estee Lauder's adjusted book value per share data for the three months ended in Mar. 2026 was €9.547. 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 €13.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Estee Lauder  (WBO:ESLA) 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.


The Estee Lauder Cyclically Adjusted PB Ratio Related Terms


The Estee Lauder Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Estee Lauder'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.

The Estee Lauder Cyclically Adjusted PB Ratio Chart

The Estee Lauder 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 26.82 18.47 13.31 6.88 5.13

The Estee Lauder 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 4.21 5.13 5.58 6.66 4.51

WBO:ESLA vs CHD, KMB, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, The Estee Lauder'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.


The Estee Lauder Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Estee Lauder's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WBO:ESLA
67GF Score
The Estee Lauder Companies Inc WBO:ESLA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Estee Lauder 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.

The Estee Lauder's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=70.98/13.18
=5.39

* 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.

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

For example, The Estee Lauder'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)
=9.547/330.2130*330.2130
=9.547

Current CPI (Mar. 2026) = 330.2130.

The Estee Lauder Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.644 241.018 11.843
201609 8.895 241.428 12.166
201612 9.821 241.432 13.432
201703 10.474 243.801 14.186
201706 10.600 244.955 14.289
201709 10.771 246.819 14.410
201712 10.480 246.524 14.038
201803 10.402 249.554 13.764
201806 10.930 251.989 14.323
201809 10.361 252.439 13.553
201812 10.460 251.233 13.748
201903 11.224 254.202 14.580
201906 10.749 256.143 13.857
201909 11.403 256.759 14.665
201912 11.454 256.974 14.718
202003 10.883 258.115 13.923
202006 9.692 257.797 12.415
202009 10.456 260.280 13.265
202012 12.288 260.474 15.578
202103 12.807 264.877 15.966
202106 13.897 271.696 16.890
202109 14.332 274.310 17.253
202112 15.317 278.802 18.141
202203 15.606 287.504 17.924
202206 14.810 296.311 16.504
202209 15.607 296.808 17.364
202212 15.601 296.797 17.357
202303 15.360 301.836 16.804
202306 14.415 305.109 15.601
202309 13.988 307.789 15.007
202312 14.614 306.746 15.732
202403 14.738 312.332 15.582
202406 13.763 314.175 14.466
202409 12.760 315.301 13.363
202412 11.069 315.605 11.581
202503 11.172 319.799 11.536
202506 9.314 322.561 9.535
202509 9.197 324.800 9.350
202512 9.519 324.054 9.700
202603 9.547 330.213 9.547

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 5.39 mean?
The Estee Lauder (WBO:ESLA) has a Cyclically Adjusted PB Ratio of 5.39 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 The Estee Lauder and its competitors. This is 65% below median its historical median of 15.25. Over the past decade, The Estee Lauder's Cyclically Adjusted PB Ratio has ranged from 3.38 to 30.00. According to the industry distribution chart, The Estee Lauder ranks #1297 out of 1440 companies in the Consumer Packaged Goods industry, placing it in the top 90.1%.
Is The Estee Lauder's Cyclically Adjusted PB Ratio too high?
The Estee Lauder's current Cyclically Adjusted PB Ratio of 5.39 is 65% below median its 10-year median of 15.25. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 30.00. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. The Estee Lauder's value of 5.39 is 331.2% above this industry median. Based on the distribution chart, The Estee Lauder ranks #1297 out of 1440 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, The Estee Lauder has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Estee Lauder's Cyclically Adjusted PB Ratio compare to CHD and KMB?
According to the Consumer Packaged Goods industry distribution chart, The Estee Lauder ranks #1297 out of 1440 companies for Cyclically Adjusted PB Ratio. This places The Estee Lauder in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. The Estee Lauder's value of 5.39 is 331.2% above this benchmark. Historically, The Estee Lauder's own Cyclically Adjusted PB Ratio has ranged from 3.38 to 30.00 over the past decade. While the company's 10-year median is 15.25 vs. the industry median of 1.25, The Estee Lauder 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,440 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. The Estee Lauder's current Cyclically Adjusted PB Ratio of 5.39 is 331.2% 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 The Estee Lauder and its competitors. For the Consumer Packaged Goods 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. The Estee Lauder's current Cyclically Adjusted PB Ratio is 5.39, which is 65% below median its own 10-year median of 15.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Estee Lauder stock overvalued right now?
Based on GuruFocus' analysis, The Estee Lauder (WBO:ESLA) is currently considered Modestly Undervalued. The stock's GF Value™ is €80.79, compared to a current price of €70.98 — trading 12.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.39, which is 65% below median its 10-year median of 15.25 and 331.2% above the Consumer Packaged Goods industry median of 1.25. The Estee Lauder's overall GF Score™ is 67/100 with 3 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 The Estee Lauder (WBO:ESLA), the current Cyclically Adjusted PB Ratio is 5.39 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 The Estee Lauder (WBO:ESLA) Overvalued in 2026?

Based on GuruFocus' analysis, The Estee Lauder stock appears to be undervalued. The current stock price of €70.98 is trading 12.1% below its estimated GF Value™ of €80.79. GuruFocus considers The Estee Lauder to be Modestly Undervalued.

Key valuation signals for WBO:ESLA:

  • Cyclically Adjusted PB Ratio: 5.39 (65% below median its 10-year median of 15.25)
  • GF Value™: €80.79 vs. price of €70.98 (12.1% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 331.2% above the Consumer Packaged Goods median (#1297 of 1440)

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


The Estee Lauder Business Description

Address 767 Fifth Avenue, New York, NY, USA, 10153
Estée Lauder is a leader in the global prestige beauty market, participating across skin care (49% of fiscal 2025 sales), makeup (29%), fragrance (17%), and hair care and others (5%). Top-selling brands include Estée Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 31% of revenue from the Americas, 37% from Europe, the Middle East and Africa (including travel retail), and 32% from Asia-Pacific. Estée Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
67GF Score

Get the complete analysis for WBO:ESLA

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

€70.98
Price
€80.79
GF Value