Bath & Body Works (LTS:0JSC) Equity-to-Asset: -0.23 (As of Apr. 2026)

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.

LTS:0JSC Bath & Body Works Inc LTS:0JSC
63 GF Score
Price $19.29
GF Value $33.76
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Bath & Body Works Equity-to-Asset?

Bath & Body Works LTS:0JSC -1.48% 63 Equity-to-Asset is -0.23 as of Apr. 2026. GuruFocus rates LTS:0JSC with a GF Score™ of 63/100 and a GF Value™ of $33.76 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,138 Retail - Cyclical companies, Bath & Body Works ranks worse than 96.66% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Bath & Body Works's Total Stockholders Equity for the quarter that ended in Apr. 2026 was $-1,133 Mil. Bath & Body Works's Total Assets for the quarter that ended in Apr. 2026 was $4,963 Mil. Therefore, Bath & Body Works's Equity to Asset Ratio for the quarter that ended in Apr. 2026 was -0.23.

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

LTS:0JSC' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.55   Med: -0.19   Max: -0.05
Current: -0.23

During the past 13 years, the highest Equity to Asset Ratio of Bath & Body Works was -0.05. The lowest was -0.55. And the median was -0.19.

LTS:0JSC's Equity-to-Asset is ranked worse than
96.66% of 1138 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs LTS:0JSC: -0.23

Bath & Body Works  (LTS:0JSC) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Bath & Body Works Equity-to-Asset Related Terms


Bath & Body Works Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Bath & Body Works's Equity-to-Asset 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 Equity-to-Asset Chart

Bath & Body Works Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.25 -0.40 -0.30 -0.28 -0.25

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
Equity-to-Asset 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 -0.30 -0.32 -0.32 -0.25 -0.23

LTS:0JSC vs MNSO, RH, ASO: Equity-to-Asset Comparison

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

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

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


LTS:0JSC
63GF Score
Bath & Body Works Inc LTS:0JSC
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bath & Body Works Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Bath & Body Works's Equity to Asset Ratio for the fiscal year that ended in Jan. 2026 is calculated as

Equity to Asset (A: Jan. 2026 )=Total Stockholders Equity/Total Assets
=-1281/5069
=-0.25

Bath & Body Works's Equity to Asset Ratio for the quarter that ended in Apr. 2026 is calculated as

Equity to Asset (Q: Apr. 2026 )=Total Stockholders Equity/Total Assets
=-1133/4963
=-0.23

* 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 Equity-to-Asset →
What does a Equity-to-Asset of -0.23 mean?
Bath & Body Works (LTS:0JSC) has a Equity-to-Asset of -0.23 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Bath & Body Works and its competitors. According to the industry distribution chart, Bath & Body Works ranks #1100 out of 1138 companies in the Retail - Cyclical industry, placing it in the top 96.7%.
Is Bath & Body Works' Equity-to-Asset too high?
Bath & Body Works' current Equity-to-Asset is -0.23. Based on the distribution chart, Bath & Body Works ranks #1100 out of 1138 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Bath & Body Works has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bath & Body Works' Equity-to-Asset compare to MNSO and RH?
According to the Retail - Cyclical industry distribution chart, Bath & Body Works ranks #1100 out of 1138 companies for Equity-to-Asset. This places Bath & Body Works in the lower half of its industry. The industry median Equity-to-Asset is 0.44. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,138 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Bath & Body Works and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bath & Body Works's current Equity-to-Asset is -0.23. 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 (LTS:0JSC) is currently considered Significantly Undervalued. The stock's GF Value™ is $33.76, compared to a current price of $19.29 — trading 42.9% below its estimated fair value. The current Equity-to-Asset is -0.23. Bath & Body Works' overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Bath & Body Works (LTS:0JSC), the current Equity-to-Asset is -0.23 as of Apr. 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 (LTS:0JSC) Overvalued in 2026?

Based on GuruFocus' analysis, Bath & Body Works stock appears to be undervalued. The current stock price of $19.29 is trading 42.9% below its estimated GF Value™ of $33.76. GuruFocus considers Bath & Body Works to be Significantly Undervalued.

Key valuation signals for LTS:0JSC:

  • Equity-to-Asset: -0.23
  • GF Value™: $33.76 vs. price of $19.29 (42.9% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the LTS:0JSC 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.
63GF Score

Get the complete analysis for LTS:0JSC

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

$19.29
Price
$33.76
GF Value