WINA (Winmark) Cyclically Adjusted PB Ratio: (As of Aug. 01, 2026)

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.

WINA Winmark Corp WINA
82 GF Score
Price $333.36
GF Value $400.99
Valuation Modestly Undervalued
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What is Winmark Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Winmark  (NAS:WINA) 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.


Winmark Cyclically Adjusted PB Ratio Related Terms


Winmark Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Winmark'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.

Winmark Cyclically Adjusted PB Ratio Chart

Winmark Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Winmark Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

WINA vs ARHS, OLPX, SBH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Winmark'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.


Winmark Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


WINA
82GF Score
Winmark Corp WINA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Winmark 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.

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

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-10.489/333.9520*333.9520
=-10.489

Current CPI (Jun. 2026) = 333.9520.

Winmark Quarterly Data

Book Value per Share CPI Adj_Book
201609 -3.813 241.428 -5.274
201612 -1.885 241.432 -2.607
201703 -0.547 243.801 -0.749
201706 1.098 244.955 1.497
201709 -10.306 246.819 -13.944
201712 -9.293 246.524 -12.589
201803 -7.438 249.554 -9.953
201806 -5.365 251.989 -7.110
201809 -3.002 252.439 -3.971
201812 -1.231 251.233 -1.636
201903 -5.718 254.202 -7.512
201906 -3.658 256.143 -4.769
201909 -0.818 256.759 -1.064
201912 3.153 256.974 4.097
202003 -8.175 258.115 -10.577
202006 -4.987 257.797 -6.460
202009 -2.365 260.280 -3.034
202012 -3.030 260.474 -3.885
202103 -3.460 264.877 -4.362
202106 -3.474 271.696 -4.270
202109 -3.533 274.310 -4.301
202112 -10.749 278.802 -12.875
202203 -18.899 287.504 -21.952
202206 -20.006 296.311 -22.547
202209 -17.568 296.808 -19.767
202212 -17.813 296.797 -20.043
202303 -15.606 301.836 -17.267
202306 -12.514 305.109 -13.697
202309 -9.912 307.789 -10.755
202312 -16.916 306.746 -18.416
202403 -15.035 312.332 -16.076
202406 -11.996 314.175 -12.751
202409 -9.586 315.301 -10.153
202412 -14.420 315.605 -15.258
202503 -13.003 319.799 -13.578
202506 -10.383 322.561 -10.750
202509 -7.395 324.800 -7.603
202512 -15.029 324.054 -15.488
202603 -12.915 330.213 -13.061
202606 -10.489 333.952 -10.489

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.

Is Winmark (WINA) Overvalued in 2026?

Based on GuruFocus' analysis, Winmark stock appears to be undervalued. The current stock price of $333.36 is trading 16.9% below its estimated GF Value™ of $400.99. GuruFocus considers Winmark to be Modestly Undervalued.

Key valuation signals for WINA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $400.99 vs. price of $333.36 (16.9% below fair value)
  • GF Score™: 82/100

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


Winmark Business Description

Other Exchanges GBZ:Germany
Address 605 Highway 169 North, Suite 400, Minneapolis, MN, USA, 55441
Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell, and trade gently used merchandise. The company has one reportable segment, including Franchising, and one non-reportable segment, Leasing. The franchising segment franchises value-oriented retail stores that buy, sell, trade, and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes the middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.
82GF Score

Get the complete analysis for WINA

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

$333.36
Price
$400.99
GF Value