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The Home Depot (HD) Cyclically Adjusted PB Ratio : 153.98 (As of Jun. 26, 2025)


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What is The Home Depot Cyclically Adjusted PB Ratio?

As of today (2025-06-26), The Home Depot's current share price is $361.86. The Home Depot's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was $2.35. The Home Depot's Cyclically Adjusted PB Ratio for today is 153.98.

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

HD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.24   Med: 37.1   Max: 178.25
Current: 153.65

During the past years, The Home Depot's highest Cyclically Adjusted PB Ratio was 178.25. The lowest was 9.24. And the median was 37.10.

HD's Cyclically Adjusted PB Ratio is ranked worse than
99.87% of 782 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs HD: 153.65

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.

The Home Depot's adjusted book value per share data for the three months ended in Apr. 2025 was $7.995. 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 $2.35 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Home Depot Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Home Depot'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.

* Premium members only.

The Home Depot Cyclically Adjusted PB Ratio Chart

The Home Depot Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.48 70.77 80.74 122.39 174.37

The Home Depot Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 124.51 145.92 162.53 174.37 153.68

Competitive Comparison of The Home Depot's Cyclically Adjusted PB Ratio

For the Home Improvement Retail subindustry, The Home Depot'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.


The Home Depot's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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


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The Home Depot 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.

The Home Depot's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=361.86/2.35
=153.98

* 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.

The Home Depot's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, The Home Depot's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book=Book Value per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=7.995/135.3468*135.3468
=7.995

Current CPI (Apr. 2025) = 135.3468.

The Home Depot Quarterly Data

Book Value per Share CPI Adj_Book
201507 6.727 100.691 9.042
201510 6.009 100.346 8.105
201601 5.045 99.957 6.831
201604 5.088 100.947 6.822
201607 5.386 101.524 7.180
201610 4.608 101.988 6.115
201701 3.602 102.456 4.758
201704 3.310 103.167 4.342
201707 3.015 103.278 3.951
201710 2.177 104.070 2.831
201801 1.256 104.578 1.626
201804 1.462 105.708 1.872
201807 1.755 106.324 2.234
201810 1.167 106.695 1.480
201901 -1.700 106.200 -2.167
201904 -1.946 107.818 -2.443
201907 -1.058 108.250 -1.323
201910 -0.993 108.577 -1.238
202001 -2.893 108.841 -3.598
202004 -3.243 108.173 -4.058
202007 -0.385 109.318 -0.477
202010 1.427 109.861 1.758
202101 3.063 110.364 3.756
202104 1.641 112.673 1.971
202107 1.959 115.183 2.302
202110 0.989 116.696 1.147
202201 -1.639 118.619 -1.870
202204 -1.661 121.978 -1.843
202207 0.231 125.002 0.250
202210 1.273 125.734 1.370
202301 1.537 126.223 1.648
202304 0.359 127.992 0.380
202307 1.334 128.974 1.400
202310 1.436 129.810 1.497
202401 1.052 130.124 1.094
202404 1.835 132.289 1.877
202407 4.451 132.708 4.540
202410 5.825 133.182 5.920
202501 6.680 134.029 6.746
202504 7.995 135.347 7.995

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.


The Home Depot  (NYSE:HD) 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.


The Home Depot Cyclically Adjusted PB Ratio Related Terms

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


The Home Depot Business Description

Address
2455 Paces Ferry Road, Atlanta, GA, USA, 30339
Home Depot is the world's largest home improvement specialty retailer, operating 2,350 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the US, Canada, and Mexico. Its stores offer building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The additions of the Company Store brought textiles to the lineup, and the 2024 tie-up with SRS will help grow professional demand in roofing, pool and landscaping projects.
Executives
Teresa Wynn Roseborough officer: EVP, Gen. Counsel & Corp. Sec. 2455 PACES FERRY ROAD NW, C-20, ATLANTA GA 30339
Fahim Siddiqui officer: EVP and CIO 2455 PACES FERRY RD., SE, ATLANTA GA 30339
Gregory D Brenneman director
William D Bastek officer: EVP, Merchandising 2455 PACES FERRY RD., SE, C-20, ATLANTA GA 30339
Ann Marie Campbell officer: EVP - U.S. Stores 2455 PACES FERRY ROAD, ATLANTA GA 30339
Timothy A. Hourigan officer: EVP - Human Resources 2455 PACES FERRY RD, SE, ATLANTA GA 30339
Hector A Padilla officer: EVP - Outside Sales & Service 2455 PACES FERRY RD., SE, ATLANTA GA 30339
Richard V Mcphail officer: EVP & CFO 2455 PACES FERRY RD SE, ATLANTA GA 30339
Kimberly R Scardino officer: SVP-Finance, CAO & Controller 108 WILMOT ROAD, DEERFIELD IL 60015
Matt Carey officer: EVP & CIO 11216 WAPLES MILL ROAD SUITE 100, FAIRFAX VA 22030
Edward P. Decker officer: EVP, Merchandising 2455 PACES FERRY RD NW, C-20, ATLANTA X1 30339
John A. Deaton officer: EVP - Supply Chain & Prod. Dev 2455 PACES FERRY RD., SE, ATLANTA GA 30339
Jeffrey G Kinnaird officer: EVP - Merchandising 2455 PACES FERRY RD., SE, C-20 LEGAL AFFAIRS, ATLANTA GA 30339
Paula Santilli director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becker Caryn Seidman director 65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022