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Bath & Body Works (Bath & Body Works) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)


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What is Bath & Body Works Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bath & Body Works Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bath & Body Works'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.

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Bath & Body Works Cyclically Adjusted PB Ratio Chart

Bath & Body Works Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
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Bath & Body Works Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Bath & Body Works's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Bath & Body Works'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.


Bath & Body Works's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



Bath & Body Works 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.

Bath & Body Works's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Bath & Body Works's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-7.201/129.4194*129.4194
=-7.201

Current CPI (Jan. 2024) = 129.4194.

Bath & Body Works Quarterly Data

Book Value per Share CPI Adj_Book
201404 -2.086 100.023 -2.699
201407 -1.726 100.520 -2.222
201410 -1.481 100.176 -1.913
201501 0.062 98.604 0.081
201504 -2.079 99.824 -2.695
201507 -2.227 100.691 -2.862
201510 -2.261 100.346 -2.916
201601 -0.893 99.957 -1.156
201604 -3.774 100.947 -4.838
201607 -3.951 101.524 -5.037
201610 -4.161 101.988 -5.280
201701 -2.549 102.456 -3.220
201704 -2.923 103.167 -3.667
201707 -3.196 103.278 -4.005
201710 -3.975 104.070 -4.943
201801 -2.689 104.578 -3.328
201804 -3.493 105.708 -4.277
201807 -4.087 106.324 -4.975
201810 -4.778 106.695 -5.796
201901 -3.160 106.200 -3.851
201904 -3.268 107.818 -3.923
201907 -3.380 108.250 -4.041
201910 -4.500 108.577 -5.364
202001 -5.412 108.841 -6.435
202004 -6.694 108.173 -8.009
202007 -6.863 109.318 -8.125
202010 -5.640 109.861 -6.644
202101 -2.381 110.364 -2.792
202104 -1.928 112.673 -2.215
202107 -4.487 115.183 -5.042
202110 -6.446 116.696 -7.149
202201 -5.979 118.619 -6.523
202204 -11.267 121.978 -11.954
202207 -11.680 125.002 -12.093
202210 -11.443 125.734 -11.778
202301 -9.633 126.223 -9.877
202304 -9.480 127.992 -9.586
202307 -9.452 128.974 -9.485
202310 -9.361 129.810 -9.333
202401 -7.201 129.419 -7.201

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.


Bath & Body Works  (NYSE:BBWI) 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.


Bath & Body Works Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Bath & Body Works's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bath & Body Works (Bath & Body Works) Business Description

Traded in Other Exchanges
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 less than 5% of sales from international markets in fiscal 2022. For fiscal 2022, 72% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2021 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansion.
Executives
Eva C Boratto officer: Chief Financial Officer 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Wendy C. Arlin officer: EVP and CFO THREE LIMITED PARKWAY, COLUMBUS OH 43230
Thomas Kuhn director C/O INTERVAL LEISURE GROUP, INC., 6262 SUNSET DRIVE, MIAMI FL 33143
Steven E Voskuil director 5405 WINDWARD PARKWAY, ALPHARETTA GA 30004
Lucy Brady director C/O BATH & BODY WORKS, INC., THREE LIMITED PARKWAY, COLUMBUS OH 43230
Gina Boswell director, officer: Chief Executive Officer MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Thomas E. Mazurek officer: Chief Supply Chain Officer C/O BATH & BODY WORKS, INC., THREE LIMITED PARKWAY, COLUMBUS OH 43230
Alessandro Bogliolo director 727 FIFTH AVENUE, NEW YORK NY 10022
Juan Rajlin director C/O BATH & BODY WORKS, INC., THREE LIMITED PARKWAY, COLUMBUS OH 43230
Robert H Schottenstein director
Sarah E Nash director 200 MILIK STREET, CARTERET NJ 07008
James L. Bersani officer: EVP & President - Real Estate THREE LIMITED PARKWAY, COLUMBUS OH 43230
Michael C. Wu officer: Chief Legal Officer & Secy. 4 LIMITED PARKWAY, REYNOLDSBURG OH 43068
Christopher T. Cramer officer: Chief Operating Officer THREE LIMITED PARKWAY, COLUMBUS OH 43230
Leslie H. Wexner director, 10 percent owner, officer: Chairman and CEO 8000 WALTON PKWY, STE 100, NEW ALBANY OH 43054

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