Bath & Body Works (BSP:B1BW34) Cyclically Adjusted PS Ratio: 0.45 (As of Aug. 14, 2026) — 44% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:B1BW34 Bath & Body Works Inc BSP:B1BW34
68 GF Score
Price R$24.34
GF Value R$43.24
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Bath & Body Works Cyclically Adjusted PS Ratio?

Bath & Body Works BSP:B1BW34 68 Cyclically Adjusted PS Ratio is 0.45 as of Aug. 14, 2026, which is 44% below its 10-year median of 0.80. GuruFocus rates BSP:B1BW34 with a GF Score™ of 68/100 and a GF Value™ of R$43.24 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 802 Retail - Cyclical companies, Bath & Body Works ranks better than 54.49% on this metric.

As of today (2026-08-14), Bath & Body Works's current share price is R$24.34. Bath & Body Works's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was R$54.04. Bath & Body Works's Cyclically Adjusted PS Ratio for today is 0.45.

The historical rank and industry rank for Bath & Body Works's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:B1BW34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.8   Max: 1.84
Current: 0.44

During the past years, Bath & Body Works's highest Cyclically Adjusted PS Ratio was 1.84. The lowest was 0.20. And the median was 0.80.

BSP:B1BW34's Cyclically Adjusted PS Ratio is ranked better than
54.49% of 802 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs BSP:B1BW34: 0.44

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Bath & Body Works's adjusted revenue per share data for the three months ended in Apr. 2026 was R$8.585. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$54.04 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bath & Body Works  (BSP:B1BW34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Bath & Body Works Cyclically Adjusted PS Ratio Related Terms


Bath & Body Works Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bath & Body Works's Cyclically Adjusted PS 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.

Bath & Body Works Cyclically Adjusted PS Ratio Chart

Bath & Body Works Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.06 0.99 0.88 0.53

Bath & Body Works Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS 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 0.72 0.69 0.58 0.53 0.46

BSP:B1BW34 vs MNSO, RH, ASO: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Bath & Body Works's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Bath & Body Works Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bath & Body Works's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bath & Body Works's Cyclically Adjusted PS Ratio falls into.


BSP:B1BW34
68GF Score
Bath & Body Works Inc BSP:B1BW34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bath & Body Works Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Bath & Body Works's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.34/54.04
=0.45

* 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.

Bath & Body Works's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Bath & Body Works's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=8.585/333.0200*333.0200
=8.585

Current CPI (Apr. 2026) = 333.0200.

Bath & Body Works Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 8.139 240.628 11.264
201610 7.088 241.729 9.765
201701 12.303 242.839 16.872
201704 6.617 244.524 9.012
201707 7.625 244.786 10.373
201710 7.331 246.663 9.898
201801 13.635 247.867 18.319
201804 7.936 250.546 10.548
201807 10.220 252.006 13.505
201810 9.488 252.885 12.495
201901 16.241 251.712 21.487
201904 9.214 255.548 12.007
201907 9.861 256.571 12.799
201910 9.899 257.346 12.810
202001 -10.239 257.971 -13.218
202004 7.937 256.389 10.309
202007 10.998 259.101 14.136
202010 8.458 260.388 10.817
202101 12.979 261.582 16.524
202104 7.206 267.054 8.986
202107 7.852 273.003 9.578
202110 8.722 276.589 10.502
202201 16.039 281.148 18.998
202204 7.093 289.109 8.170
202207 9.400 296.276 10.566
202210 9.197 298.012 10.277
202301 16.370 299.170 18.222
202304 7.620 303.363 8.365
202307 8.170 305.691 8.900
202310 8.659 307.671 9.372
202401 15.635 308.417 16.882
202404 7.854 313.548 8.342
202407 9.484 314.540 10.041
202410 10.343 315.664 10.912
202501 19.480 317.671 20.421
202504 9.588 320.795 9.953
202507 10.155 323.048 10.468
202510 10.414 0.000
202601 17.886 325.252 18.313
202604 8.585 333.020 8.585

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.45 mean?
Bath & Body Works (BSP:B1BW34) has a Cyclically Adjusted PS Ratio of 0.45 as of Aug. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bath & Body Works and its competitors. This is 44% below median its historical median of 0.80. Over the past decade, Bath & Body Works' Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.84. According to the industry distribution chart, Bath & Body Works ranks #365 out of 802 companies in the Retail - Cyclical industry, placing it in the top 45.5%.
Is Bath & Body Works' Cyclically Adjusted PS Ratio too high?
Bath & Body Works' current Cyclically Adjusted PS Ratio of 0.45 is 44% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.84. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Bath & Body Works' value of 0.45 is 10% below this industry median. Based on the distribution chart, Bath & Body Works ranks #365 out of 802 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Bath & Body Works has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bath & Body Works' Cyclically Adjusted PS Ratio compare to MNSO and RH?
According to the Retail - Cyclical industry distribution chart, Bath & Body Works ranks #365 out of 802 companies for Cyclically Adjusted PS Ratio. This puts Bath & Body Works in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Bath & Body Works' value of 0.45 is 10% below this benchmark. Historically, Bath & Body Works' own Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.84 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.50, Bath & Body Works 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 PS Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 802 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bath & Body Works's current Cyclically Adjusted PS Ratio of 0.45 is 10% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bath & Body Works and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bath & Body Works's current Cyclically Adjusted PS Ratio is 0.45, which is 44% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bath & Body Works stock overvalued right now?
Based on GuruFocus' analysis, Bath & Body Works (BSP:B1BW34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$43.24, compared to a current price of R$24.34 — trading 43.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.45, which is 44% below median its 10-year median of 0.80 and 10% below the Retail - Cyclical industry median of 0.50. Bath & Body Works' overall GF Score™ is 68/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Bath & Body Works (BSP:B1BW34), the current Cyclically Adjusted PS Ratio is 0.45 as of Aug. 14, 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 Bath & Body Works (BSP:B1BW34) Overvalued in 2026?

Based on GuruFocus' analysis, Bath & Body Works stock appears to be undervalued. The current stock price of R$24.34 is trading 43.7% below its estimated GF Value™ of R$43.24. GuruFocus considers Bath & Body Works to be Significantly Undervalued.

Key valuation signals for BSP:B1BW34:

  • Cyclically Adjusted PS Ratio: 0.45 (44% below median its 10-year median of 0.80)
  • GF Value™: R$43.24 vs. price of R$24.34 (43.7% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 10% below the Retail - Cyclical median (#365 of 802)

No single metric tells the full story. See the BSP:B1BW34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bath & Body Works Business Description

Address Three Limited Parkway, Columbus, OH, USA, 43230
Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with just 4% of sales from international markets in fiscal 2025. For fiscal 2025, 77% of sales stemmed from the brick-and-mortar network of more than 1,900 retail stores, similar to 2024 levels, as consumer shopping patterns remained normal. Future growth is expected from store upgrades, digital and international channels, as well as adjacent category expansions like men's and lip.
68GF Score

Get the complete analysis for BSP:B1BW34

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

R$24.34
Price
R$43.24
GF Value