Bath & Body Works (MEX:BBWI) EV-to-OCF: 6.85 (As of Jul. 31, 2026) — 33% Below 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.

MEX:BBWI Bath & Body Works Inc MEX:BBWI
51 GF Score
Price MXN345.00
GF Value MXN591.40
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Bath & Body Works EV-to-OCF?

Bath & Body Works MEX:BBWI 51 EV-to-OCF is 6.85 as of Jul. 31, 2026, which is 33% below its 10-year median of 10.25. GuruFocus rates MEX:BBWI with a GF Score™ of 51/100 and a GF Value™ of MXN591.40 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,134 Retail - Cyclical companies, Bath & Body Works ranks better than 51.32% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Bath & Body Works's Enterprise Value is MXN138,114 Mil. Bath & Body Works's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was MXN20,165 Mil. Therefore, Bath & Body Works's EV-to-OCF for today is 6.85.

The historical rank and industry rank for Bath & Body Works's EV-to-OCF or its related term are showing as below:

MEX:BBWI' s EV-to-OCF Range Over the Past 10 Years
Min: 6.34   Med: 10.25   Max: 16.71
Current: 6.84

During the past 13 years, the highest EV-to-OCF of Bath & Body Works was 16.71. The lowest was 6.34. And the median was 10.25.

MEX:BBWI's EV-to-OCF is ranked better than
51.32% of 1134 companies
in the Retail - Cyclical industry
Industry Median: 7.175 vs MEX:BBWI: 6.84

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-31), Bath & Body Works's stock price is MXN345.00. Bath & Body Works's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was MXN63.246. Therefore, Bath & Body Works's PE Ratio (TTM) for today is 5.45.


Bath & Body Works  (MEX:BBWI) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Bath & Body Works's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=345.00/63.246
=5.45

Bath & Body Works's share price for today is MXN345.00.
Bath & Body Works's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN63.246.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Bath & Body Works EV-to-OCF Related Terms


Bath & Body Works EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Bath & Body Works's EV-to-OCF 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 EV-to-OCF Chart

Bath & Body Works Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.25 13.43 14.81 14.01 7.61

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
EV-to-OCF 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 10.84 10.64 8.27 7.61 6.74

MEX:BBWI vs MNSO, RH, ASO: EV-to-OCF Comparison

For the Specialty Retail subindustry, Bath & Body Works's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bath & Body Works's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Bath & Body Works's EV-to-OCF falls into.


MEX:BBWI
51GF Score
Bath & Body Works Inc MEX:BBWI
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bath & Body Works EV-to-OCF Calculation

Bath & Body Works's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=138114.066/20164.713
=6.85

Bath & Body Works's current Enterprise Value is MXN138,114 Mil.
Bath & Body Works's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN20,165 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 6.85 mean?
Bath & Body Works (MEX:BBWI) has a EV-to-OCF of 6.85 as of Jul. 31, 2026. This is 33% below median its historical median of 10.25. Over the past decade, Bath & Body Works' EV-to-OCF has ranged from 6.34 to 16.71. According to the industry distribution chart, Bath & Body Works ranks #552 out of 1134 companies in the Retail - Cyclical industry, placing it in the top 48.7%.
Is Bath & Body Works' EV-to-OCF too high?
Bath & Body Works' current EV-to-OCF of 6.85 is 33% below median its 10-year median of 10.25. Over the past 10 years, this metric has ranged from a low of 6.34 to a high of 16.71. The Retail - Cyclical industry median EV-to-OCF is 7.18. Bath & Body Works' value of 6.85 is 4.5% below this industry median. Based on the distribution chart, Bath & Body Works ranks #552 out of 1134 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Bath & Body Works has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bath & Body Works' EV-to-OCF compare to MNSO and RH?
According to the Retail - Cyclical industry distribution chart, Bath & Body Works ranks #552 out of 1134 companies for EV-to-OCF. This puts Bath & Body Works in the upper half of its industry. The industry median EV-to-OCF is 7.18. Bath & Body Works' value of 6.85 is 4.5% below this benchmark. Historically, Bath & Body Works' own EV-to-OCF has ranged from 6.34 to 16.71 over the past decade. While the company's 10-year median is 10.25 vs. the industry median of 7.18, 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 EV-to-OCF for a Retail - Cyclical company?
The median EV-to-OCF among Retail - Cyclical companies is 7.18, based on 1,134 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bath & Body Works's current EV-to-OCF of 6.85 is 4.5% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median EV-to-OCF is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bath & Body Works's current EV-to-OCF is 6.85, which is 33% below median its own 10-year median of 10.25. 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 (MEX:BBWI) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN591.40, compared to a current price of MXN345.00 — trading 41.7% below its estimated fair value. The current EV-to-OCF is 6.85, which is 33% below median its 10-year median of 10.25 and 4.5% below the Retail - Cyclical industry median of 7.18. Bath & Body Works' overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Bath & Body Works (MEX:BBWI), the current EV-to-OCF is 6.85 as of Jul. 31, 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 (MEX:BBWI) Overvalued in 2026?

Based on GuruFocus' analysis, Bath & Body Works stock appears to be undervalued. The current stock price of MXN345.00 is trading 41.7% below its estimated GF Value™ of MXN591.40. GuruFocus considers Bath & Body Works to be Significantly Undervalued.

Key valuation signals for MEX:BBWI:

  • EV-to-OCF: 6.85 (33% below median its 10-year median of 10.25)
  • GF Value™: MXN591.40 vs. price of MXN345.00 (41.7% below fair value)
  • GF Score™: 51/100 with 4 warning signs
  • Industry Position: 4.5% below the Retail - Cyclical median (#552 of 1134)

No single metric tells the full story. See the MEX:BBWI 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.
51GF Score

Get the complete analysis for MEX:BBWI

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN345.00
Price
MXN591.40
GF Value