VF (XBUL:VFP) Cyclically Adjusted PB Ratio: 1.71 (As of Aug. 07, 2026) — 63% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

XBUL:VFP VF Corp XBUL:VFP
72 GF Score
Price лв12.47
GF Value лв13.31
! 4 Warning Signs
View Full Analysis

What is VF Cyclically Adjusted PB Ratio?

VF XBUL:VFP 72 Cyclically Adjusted PB Ratio is 1.71 as of Aug. 07, 2026, which is 63% below its 10-year median of 4.65. GuruFocus rates XBUL:VFP with a GF Score™ of 72/100 and a GF Value™ of лв13.31. The stock has 4 warning signs investors should review. Among 847 Manufacturing - Apparel & Accessories companies, VF ranks worse than 64.46% on this metric.

As of today (2026-08-07), VF's current share price is лв12.468. VF's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was лв7.29. VF's Cyclically Adjusted PB Ratio for today is 1.71.

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

XBUL:VFP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 4.65   Max: 8.39
Current: 1.51

During the past years, VF's highest Cyclically Adjusted PB Ratio was 8.39. The lowest was 0.96. And the median was 4.65.

XBUL:VFP's Cyclically Adjusted PB Ratio is ranked worse than
64.46% of 847 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs XBUL:VFP: 1.51

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.

VF's adjusted book value per share data for the three months ended in Jun. 2026 was лв7.710. 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 лв7.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VF  (XBUL:VFP) 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.


VF Cyclically Adjusted PB Ratio Related Terms


VF Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for VF'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.

VF Cyclically Adjusted PB Ratio Chart

VF Annual Data
Trend Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 1.82 1.29 1.43 1.71

VF 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 1.11 1.39 1.81 1.71 1.71

XBUL:VFP vs KTB, LEVI, ZGN: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, VF'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.


VF Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


XBUL:VFP
72GF Score
VF Corp XBUL:VFP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VF 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.468/7.29
=1.71

* 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.

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

For example, VF'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)
=7.71/333.9520*333.9520
=7.710

Current CPI (Jun. 2026) = 333.9520.

VF Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.231 241.428 27.984
201612 20.497 241.432 28.352
201703 18.456 243.801 25.281
201706 15.914 244.955 21.696
201709 17.142 246.819 23.194
201712 16.141 246.524 21.865
201803 16.064 249.554 21.497
201806 16.202 251.989 21.472
201809 18.074 252.439 23.910
201812 18.677 251.233 24.826
201903 18.605 254.202 24.442
201906 17.919 256.143 23.362
201909 20.013 256.759 26.030
201912 19.884 256.974 25.840
202003 14.830 258.115 19.187
202006 12.839 257.797 16.632
202009 12.972 260.280 16.644
202012 13.785 260.474 17.674
202103 13.392 264.877 16.884
202106 14.322 271.696 17.604
202109 15.736 274.310 19.157
202112 16.135 278.802 19.327
202203 15.615 287.504 18.138
202206 14.821 296.311 16.704
202209 13.639 296.808 15.346
202212 14.670 296.797 16.506
202303 12.862 301.836 14.231
202306 12.000 305.109 13.134
202309 9.761 307.789 10.591
202312 9.317 306.746 10.143
202403 7.325 312.332 7.832
202406 6.125 314.175 6.511
202409 6.205 315.301 6.572
202412 7.408 315.605 7.839
202503 6.555 319.799 6.845
202506 5.683 322.561 5.884
202509 6.496 324.800 6.679
202512 7.837 324.054 8.076
202603 8.115 330.213 8.207
202606 7.710 333.952 7.710

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 1.71 mean?
VF (XBUL:VFP) has a Cyclically Adjusted PB Ratio of 1.71 as of Aug. 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 VF and its competitors. This is 63% below median its historical median of 4.65. Over the past decade, VF's Cyclically Adjusted PB Ratio has ranged from 0.96 to 8.39. According to the industry distribution chart, VF ranks #546 out of 847 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 64.5%.
Is VF's Cyclically Adjusted PB Ratio too high?
VF's current Cyclically Adjusted PB Ratio of 1.71 is 63% below median its 10-year median of 4.65. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 8.39. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. VF's value of 1.71 is 80% above this industry median. Based on the distribution chart, VF ranks #546 out of 847 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, VF has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does VF's Cyclically Adjusted PB Ratio compare to KTB and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VF ranks #546 out of 847 companies for Cyclically Adjusted PB Ratio. This places VF in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. VF's value of 1.71 is 80% above this benchmark. Historically, VF's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 8.39 over the past decade. While the company's 10-year median is 4.65 vs. the industry median of 0.95, VF 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 0.95, based on 847 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. VF's current Cyclically Adjusted PB Ratio of 1.71 is 80% 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 VF and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VF's current Cyclically Adjusted PB Ratio is 1.71, which is 63% below median its own 10-year median of 4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VF stock overvalued right now?
VF (XBUL:VFP) has a current Cyclically Adjusted PB Ratio of 1.71. The stock's GF Value™ is лв13.31, compared to a current price of лв12.47 — trading 6.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.71, which is 63% below median its 10-year median of 4.65 and 80% above the Manufacturing - Apparel & Accessories industry median of 0.95. VF's overall GF Score™ is 72/100 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 VF (XBUL:VFP), the current Cyclically Adjusted PB Ratio is 1.71 as of Aug. 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 VF (XBUL:VFP) Overvalued in 2026?

Based on GuruFocus' analysis, VF stock appears to be undervalued. The current stock price of лв12.47 is trading 6.3% below its estimated GF Value™ of лв13.31.

Key valuation signals for XBUL:VFP:

  • Cyclically Adjusted PB Ratio: 1.71 (63% below median its 10-year median of 4.65)
  • GF Value™: лв13.31 vs. price of лв12.47 (6.3% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 80% above the Manufacturing - Apparel & Accessories median (#546 of 847)

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


VF Business Description

Address 1551 Wewatta Street, Denver, CO, USA, 80202
VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of 10 brands includes Vans, The North Face, Timberland, and Altra. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. Tracing its roots to 1899, the company has evolved through many brand acquisitions and divestitures.
72GF Score

Get the complete analysis for XBUL:VFP

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

лв12.47
Price
лв13.31
GF Value