ZUMZ (Zumiez) Cyclically Adjusted PB Ratio: 0.91 (As of Aug. 15, 2026) — 51% Below Median

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ZUMZ Zumiez Inc ZUMZ
73 GF Score
Price $18.63
GF Value $22.54
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Zumiez Cyclically Adjusted PB Ratio?

Zumiez ZUMZ -1.35% 73 Cyclically Adjusted PB Ratio is 0.91 as of Aug. 15, 2026, which is 51% below its 10-year median of 1.84. GuruFocus rates ZUMZ with a GF Score™ of 73/100 and a GF Value™ of $22.54 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 794 Retail - Cyclical companies, Zumiez ranks better than 59.32% on this metric.

As of today (2026-08-15), Zumiez's current share price is $18.63. Zumiez's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $20.54. Zumiez's Cyclically Adjusted PB Ratio for today is 0.91.

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

ZUMZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.84   Max: 3.58
Current: 0.91

During the past years, Zumiez's highest Cyclically Adjusted PB Ratio was 3.58. The lowest was 0.59. And the median was 1.84.

ZUMZ's Cyclically Adjusted PB Ratio is ranked better than
59.32% of 794 companies
in the Retail - Cyclical industry
Industry Median: 1.205 vs ZUMZ: 0.91

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.

Zumiez's adjusted book value per share data for the three months ended in Apr. 2026 was $17.958. 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 $20.54 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zumiez  (NAS:ZUMZ) 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.


Zumiez Cyclically Adjusted PB Ratio Related Terms


Zumiez Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zumiez'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.

Zumiez Cyclically Adjusted PB Ratio Chart

Zumiez Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 1.47 0.92 0.82 1.23

Zumiez Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.60 0.69 1.09 1.23 1.20

ZUMZ vs LE, JILL, CURV: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Zumiez'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.


Zumiez Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


ZUMZ
73GF Score
Zumiez Inc ZUMZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zumiez 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.63/20.54
=0.91

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=17.958/333.0200*333.0200
=17.958

Current CPI (Apr. 2026) = 333.0200.

Zumiez Quarterly Data

Book Value per Share CPI Adj_Book
201607 11.241 240.628 15.557
201610 11.624 241.729 16.014
201701 12.309 242.839 16.880
201704 12.128 244.524 16.517
201707 12.465 244.786 16.958
201710 12.933 246.663 17.461
201801 14.096 247.867 18.939
201804 13.839 250.546 18.394
201807 13.912 252.006 18.384
201810 14.444 252.885 19.021
201901 15.691 251.712 20.760
201904 15.305 255.548 19.945
201907 15.685 256.571 20.359
201910 16.541 257.346 21.405
202001 18.046 257.971 23.296
202004 16.954 256.389 22.021
202007 18.469 259.101 23.738
202010 19.597 260.388 25.063
202101 21.587 261.582 27.482
202104 22.567 267.054 28.141
202107 23.252 273.003 28.364
202110 22.803 276.589 27.455
202201 22.075 281.148 26.148
202204 19.369 289.109 22.311
202207 19.426 296.276 21.835
202210 19.532 298.012 21.826
202301 20.900 299.170 23.265
202304 19.808 303.363 21.744
202307 19.457 305.691 21.196
202310 19.130 307.671 20.706
202401 17.809 308.417 19.230
202404 16.603 313.548 17.634
202407 16.519 314.540 17.490
202410 16.540 315.664 17.449
202501 17.171 317.671 18.001
202504 16.797 320.795 17.437
202507 16.981 323.048 17.505
202510 17.613 0.000
202601 19.108 325.252 19.564
202604 17.958 333.020 17.958

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 0.91 mean?
Zumiez (ZUMZ) has a Cyclically Adjusted PB Ratio of 0.91 as of Aug. 15, 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 Zumiez and its competitors. This is 51% below median its historical median of 1.84. Over the past decade, Zumiez's Cyclically Adjusted PB Ratio has ranged from 0.59 to 3.58. According to the industry distribution chart, Zumiez ranks #323 out of 794 companies in the Retail - Cyclical industry, placing it in the top 40.7%.
Is Zumiez's Cyclically Adjusted PB Ratio too high?
Zumiez's current Cyclically Adjusted PB Ratio of 0.91 is 51% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 3.58. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Zumiez's value of 0.91 is 24.5% below this industry median. Based on the distribution chart, Zumiez ranks #323 out of 794 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Zumiez has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zumiez's Cyclically Adjusted PB Ratio compare to LE and JILL?
According to the Retail - Cyclical industry distribution chart, Zumiez ranks #323 out of 794 companies for Cyclically Adjusted PB Ratio. This puts Zumiez in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Zumiez's value of 0.91 is 24.5% below this benchmark. Historically, Zumiez's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 3.58 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.21, Zumiez has consistently been below 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 794 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. Zumiez's current Cyclically Adjusted PB Ratio of 0.91 is 24.5% below 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 Zumiez and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zumiez's current Cyclically Adjusted PB Ratio is 0.91, which is 51% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zumiez stock overvalued right now?
Based on GuruFocus' analysis, Zumiez (ZUMZ) is currently considered Modestly Undervalued. The stock's GF Value™ is $22.54, compared to a current price of $18.63 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.91, which is 51% below median its 10-year median of 1.84 and 24.5% below the Retail - Cyclical industry median of 1.21. Zumiez's overall GF Score™ is 73/100 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 Zumiez (ZUMZ), the current Cyclically Adjusted PB Ratio is 0.91 as of Aug. 15, 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 Zumiez (ZUMZ) Overvalued in 2026?

Based on GuruFocus' analysis, Zumiez stock appears to be undervalued. The current stock price of $18.63 is trading 17.3% below its estimated GF Value™ of $22.54. GuruFocus considers Zumiez to be Modestly Undervalued.

Key valuation signals for ZUMZ:

  • Cyclically Adjusted PB Ratio: 0.91 (51% below median its 10-year median of 1.84)
  • GF Value™: $22.54 vs. price of $18.63 (17.3% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 24.5% below the Retail - Cyclical median (#323 of 794)

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


Zumiez Business Description

Other Exchanges ZM3:Germany
Address 4001 204th Street South West, Lynnwood, WA, USA, 98036
Zumiez Inc is a United States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hard goods. The company provides merchandise with cultural elements coming from fashion, music, art, action sports, streetwear, and other lifestyles. The company operates under the brands Zumiez, Fast Times, and Blue Tomato, and through both physical stores and websites. The majority of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.
73GF Score

Get the complete analysis for ZUMZ

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

$18.63
Price
$22.54
GF Value