W.W. Grainger (XTER:GWW) Cyclically Adjusted PB Ratio: (As of Aug. 15, 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.
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Charlie Tian
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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.

XTER:GWW W.W. Grainger Inc XTER:GWW
92 GF Score
Price €923.20
GF Value €813.30
! 6 Warning Signs
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What is W.W. Grainger Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


W.W. Grainger  (XTER:GWW) 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.


W.W. Grainger Cyclically Adjusted PB Ratio Related Terms


W.W. Grainger Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for W.W. Grainger'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.

W.W. Grainger Cyclically Adjusted PB Ratio Chart

W.W. Grainger 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 11.88 12.19 17.61 21.59 19.40

W.W. Grainger 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 20.61 18.53 19.40 20.27 24.56

XTER:GWW vs FAST, FERG, WCC: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, W.W. Grainger'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.


W.W. Grainger Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, W.W. Grainger's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTER:GWW
92GF Score
W.W. Grainger Inc XTER:GWW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

W.W. Grainger 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.

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

For example, W.W. Grainger'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)
=75.76/333.9520*333.9520
=75.760

Current CPI (Jun. 2026) = 333.9520.

W.W. Grainger Quarterly Data

Book Value per Share CPI Adj_Book
201609 30.553 241.428 42.262
201612 28.985 241.432 40.092
201703 28.732 243.801 39.356
201706 26.586 244.955 36.245
201709 26.024 246.819 35.211
201712 25.352 246.524 34.343
201803 25.634 249.554 34.303
201806 28.884 251.989 38.279
201809 29.485 252.439 39.006
201812 30.227 251.233 40.179
201903 31.461 254.202 41.331
201906 31.186 256.143 40.659
201909 31.539 256.759 41.021
201912 31.096 256.974 40.411
202003 30.636 258.115 39.637
202006 31.975 257.797 41.421
202009 33.711 260.280 43.253
202012 28.608 260.474 36.678
202103 29.273 264.877 36.907
202106 29.774 271.696 36.596
202109 30.143 274.310 36.697
202112 32.380 278.802 38.785
202203 36.976 287.504 42.950
202206 40.867 296.311 46.058
202209 46.041 296.808 51.803
202212 45.833 296.797 51.571
202303 50.930 301.836 56.349
202306 54.182 305.109 59.304
202309 58.232 307.789 63.182
202312 57.920 306.746 63.057
202403 59.970 312.332 64.121
202406 62.279 314.175 66.199
202409 64.800 315.301 68.633
202412 66.350 315.605 70.207
202503 66.958 319.799 69.921
202506 66.486 322.561 68.834
202509 63.705 324.800 65.500
202512 67.284 324.054 69.339
202603 71.824 330.213 72.637
202606 75.760 333.952 75.760

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 W.W. Grainger (XTER:GWW) Overvalued in 2026?

Based on GuruFocus' analysis, W.W. Grainger stock appears to be overvalued. The current stock price of €923.20 is trading 13.5% above its estimated GF Value™ of €813.30.

Key valuation signals for XTER:GWW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €813.30 vs. price of €923.20 (13.5% above fair value)
  • GF Score™: 92/100 with 6 warning signs

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


W.W. Grainger Business Description

Address 100 Grainger Parkway, Lake Forest, IL, USA, 60045-5201
Founded in 1927, W.W. Grainger originally distributed various motors via a mail-order catalogue. Over the course of the 20th century, the firm expanded into new industrial product categories and launched its first digital catalogue in 1995. Today, the company organizes itself into two segments focused on different customer bases. Its larger segment, high-touch solutions, offers a vast array of maintenance, repair, and operations, or MRO, supplies and bespoke inventory management services to larger businesses. Its smaller segment, endless assortment, operates two online platforms, Zoro and MonotaRO, that offer comprehensive catalogues of MRO supplies to smaller businesses. Grainger has operations throughout the world but primarily generates sales within the US.
92GF Score

Get the complete analysis for XTER:GWW

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

€923.20
Price
€813.30
GF Value