Boot Barn Holdings (STU:OBB) Cyclically Adjusted PS Ratio: 3.14 (As of Jul. 28, 2026) — Near Median

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.

STU:OBB Boot Barn Holdings Inc STU:OBB
34 GF Score
Price €131.65
GF Value €151.34
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Boot Barn Holdings Cyclically Adjusted PS Ratio?

Boot Barn Holdings STU:OBB +0.23% 34 Cyclically Adjusted PS Ratio is 3.14 as of Jul. 28, 2026, which is 0% below its 10-year median of 3.15. GuruFocus rates STU:OBB with a GF Score™ of 34/100 and a GF Value™ of €151.34 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 792 Retail - Cyclical companies, Boot Barn Holdings ranks worse than 90.53% on this metric.

As of today (2026-07-28), Boot Barn Holdings's current share price is €131.65. Boot Barn Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €41.99. Boot Barn Holdings's Cyclically Adjusted PS Ratio for today is 3.14.

The historical rank and industry rank for Boot Barn Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:OBB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.92   Med: 3.15   Max: 4.44
Current: 3.16

During the past years, Boot Barn Holdings's highest Cyclically Adjusted PS Ratio was 4.44. The lowest was 1.92. And the median was 3.15.

STU:OBB's Cyclically Adjusted PS Ratio is ranked worse than
90.53% of 792 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs STU:OBB: 3.16

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.

Boot Barn Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was €15.173. 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 €41.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boot Barn Holdings  (STU:OBB) 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.


Boot Barn Holdings Cyclically Adjusted PS Ratio Related Terms


Boot Barn Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Boot Barn Holdings'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.

Boot Barn Holdings Cyclically Adjusted PS Ratio Chart

Boot Barn Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.29 2.49 2.48 2.98

Boot Barn Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.48 3.39 3.60 3.73 2.98

STU:OBB vs ANF, URBN, AEO: Cyclically Adjusted PS Ratio Comparison

For the Apparel Retail subindustry, Boot Barn Holdings'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.


Boot Barn Holdings Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boot Barn Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Boot Barn Holdings's Cyclically Adjusted PS Ratio falls into.


STU:OBB
34GF Score
Boot Barn Holdings Inc STU:OBB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boot Barn Holdings 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.

Boot Barn Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=131.65/41.99
=3.14

* 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.

Boot Barn Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Boot Barn Holdings's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.173/330.2130*330.2130
=15.173

Current CPI (Mar. 2026) = 330.2130.

Boot Barn Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.461 241.018 6.112
201609 4.438 241.428 6.070
201612 6.960 241.432 9.519
201703 5.627 243.801 7.621
201706 4.600 244.955 6.201
201709 4.454 246.819 5.959
201712 6.881 246.524 9.217
201803 4.830 249.554 6.391
201806 4.858 251.989 6.366
201809 4.989 252.439 6.526
201812 7.729 251.233 10.159
201903 5.897 254.202 7.660
201906 5.664 256.143 7.302
201909 5.828 256.759 7.495
201912 8.704 256.974 11.185
202003 5.823 258.115 7.450
202006 4.552 257.797 5.831
202009 5.361 260.280 6.801
202012 8.401 260.474 10.650
202103 7.228 264.877 9.011
202106 8.415 271.696 10.227
202109 8.756 274.310 10.540
202112 14.126 278.802 16.731
202203 11.442 287.504 13.142
202206 11.390 296.311 12.693
202209 11.713 296.808 13.031
202212 16.034 296.797 17.839
202303 13.052 301.836 14.279
202306 11.633 305.109 12.590
202309 11.456 307.789 12.291
202312 15.570 306.746 16.761
202403 11.634 312.332 12.300
202406 12.764 314.175 13.416
202409 12.416 315.301 13.003
202412 18.797 315.605 19.667
202503 13.719 319.799 14.166
202506 14.212 322.561 14.549
202509 14.003 324.800 14.236
202512 19.613 324.054 19.986
202603 15.173 330.213 15.173

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 3.14 mean?
Boot Barn Holdings (STU:OBB) has a Cyclically Adjusted PS Ratio of 3.14 as of Jul. 28, 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 Boot Barn Holdings and its competitors. This is near median its historical median of 3.15. Over the past decade, Boot Barn Holdings' Cyclically Adjusted PS Ratio has ranged from 1.92 to 4.44. According to the industry distribution chart, Boot Barn Holdings ranks #717 out of 792 companies in the Retail - Cyclical industry, placing it in the top 90.5%.
Is Boot Barn Holdings' Cyclically Adjusted PS Ratio too high?
Boot Barn Holdings' current Cyclically Adjusted PS Ratio of 3.14 is near median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 4.44. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Boot Barn Holdings' value of 3.14 is 540.8% above this industry median. Based on the distribution chart, Boot Barn Holdings ranks #717 out of 792 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Boot Barn Holdings has a GF Score™ of 34/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boot Barn Holdings' Cyclically Adjusted PS Ratio compare to ANF and URBN?
According to the Retail - Cyclical industry distribution chart, Boot Barn Holdings ranks #717 out of 792 companies for Cyclically Adjusted PS Ratio. This places Boot Barn Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Boot Barn Holdings' value of 3.14 is 540.8% above this benchmark. Historically, Boot Barn Holdings' own Cyclically Adjusted PS Ratio has ranged from 1.92 to 4.44 over the past decade. While the company's 10-year median is 3.15 vs. the industry median of 0.49, Boot Barn Holdings 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 PS Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 792 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. Boot Barn Holdings's current Cyclically Adjusted PS Ratio of 3.14 is 540.8% 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 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 Boot Barn Holdings and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boot Barn Holdings's current Cyclically Adjusted PS Ratio is 3.14, which is near median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boot Barn Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boot Barn Holdings (STU:OBB) is currently considered Modestly Undervalued. The stock's GF Value™ is €151.34, compared to a current price of €131.65 — trading 13% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.14, which is near median its 10-year median of 3.15 and 540.8% above the Retail - Cyclical industry median of 0.49. Boot Barn Holdings' overall GF Score™ is 34/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Boot Barn Holdings (STU:OBB), the current Cyclically Adjusted PS Ratio is 3.14 as of Jul. 28, 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 Boot Barn Holdings (STU:OBB) Overvalued in 2026?

Based on GuruFocus' analysis, Boot Barn Holdings stock appears to be undervalued. The current stock price of €131.65 is trading 13% below its estimated GF Value™ of €151.34. GuruFocus considers Boot Barn Holdings to be Modestly Undervalued.

Key valuation signals for STU:OBB:

  • Cyclically Adjusted PS Ratio: 3.14 (near median its 10-year median of 3.15)
  • GF Value™: €151.34 vs. price of €131.65 (13% below fair value)
  • GF Score™: 34/100 with 3 warning signs
  • Industry Position: 540.8% above the Retail - Cyclical median (#717 of 792)

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


Boot Barn Holdings Business Description

Other Exchanges BOOT:USA
Address 17100 Laguna Canyon Road, Irvine, CA, USA, 92618
Boot Barn Holdings Inc operates specialty retail stores that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the U.S. and sells its merchandise via the Internet. The Company operates a total of approximately 539 stores in 49 states. All stores operated under the Boot Barn name.
34GF Score

Get the complete analysis for STU:OBB

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

€131.65
Price
€151.34
GF Value