Sportsman's Warehouse HoldingsSPWH +2.02%51 PB Ratio is 0.29 as of Jun. 28, 2026, which is 87% below its 10-year median of 2.31. GuruFocus rates SPWH with a GF Score™ of 51/100 and a GF Value™ of $2.64 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,072 Retail - Cyclical companies, Sportsman's Warehouse Holdings ranks better than 94.4% on this metric.
The historical rank and industry rank for Sportsman's Warehouse Holdings's PB Ratio or its related term are showing as below:
SPWH'
s PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 2.31 Max: 64.73
Current: 0.29
During the past 13 years, Sportsman's Warehouse Holdings's highest PB Ratio was 64.73. The lowest was 0.16. And the median was 2.31.
SPWH's PB Ratio is ranked better than 94.4% of 1072
companies
in the Retail - Cyclical industry
Industry Median: 1.46
vs SPWH: 0.29
During the past 12 months, Sportsman's Warehouse Holdings's average Book Value Per Share Growth Rate was -23.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -14.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sportsman's Warehouse Holdings was 63.60% per year. The lowest was -14.50% per year. And the median was 49.20% per year.
Back to Basics: PB Ratio
Sportsman's Warehouse Holdings (NAS:SPWH) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Sportsman's Warehouse Holdings PB Ratio Related Terms
Sportsman's Warehouse Holdings PB Ratio Historical Data
* 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.
For the Specialty Retail subindustry, Sportsman's Warehouse Holdings's PB Ratio, along with its competitors' market caps and 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.
Sportsman's Warehouse Holdings PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Sportsman's Warehouse Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sportsman's Warehouse Holdings's PB Ratio falls into.
Sportsman's Warehouse Holdings PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Sportsman's Warehouse Holdings (SPWH) has a PB Ratio of 0.29 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sportsman's Warehouse Holdings and its competitors. This is 87% below median its historical median of 2.31. Over the past decade, Sportsman's Warehouse Holdings' PB Ratio has ranged from 0.16 to 64.73. According to the industry distribution chart, Sportsman's Warehouse Holdings ranks #60 out of 1072 companies in the Retail - Cyclical industry, placing it in the top 5.6%.
Is Sportsman's Warehouse Holdings' PB Ratio too high?
Sportsman's Warehouse Holdings' current PB Ratio of 0.29 is 87% below median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 64.73. The Retail - Cyclical industry median PB Ratio is 1.46. Sportsman's Warehouse Holdings' value of 0.29 is 80.1% below this industry median. Based on the distribution chart, Sportsman's Warehouse Holdings ranks #60 out of 1072 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Sportsman's Warehouse Holdings has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sportsman's Warehouse Holdings' PB Ratio compare to ABLV and LESL?
According to the Retail - Cyclical industry distribution chart, Sportsman's Warehouse Holdings ranks #60 out of 1072 companies for PB Ratio. This places Sportsman's Warehouse Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.46. Sportsman's Warehouse Holdings' value of 0.29 is 80.1% below this benchmark. Historically, Sportsman's Warehouse Holdings' own PB Ratio has ranged from 0.16 to 64.73 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 1.46, Sportsman's Warehouse Holdings 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 PB Ratio for a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.46, based on 1,072 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sportsman's Warehouse Holdings's current PB Ratio of 0.29 is 80.1% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sportsman's Warehouse Holdings and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sportsman's Warehouse Holdings's current PB Ratio is 0.29, which is 87% below median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sportsman's Warehouse Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sportsman's Warehouse Holdings (SPWH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.64, compared to a current price of $1.26 — trading 52.3% below its estimated fair value. The current PB Ratio is 0.29, which is 87% below median its 10-year median of 2.31 and 80.1% below the Retail - Cyclical industry median of 1.46. Sportsman's Warehouse Holdings' overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Sportsman's Warehouse Holdings (SPWH), the current PB Ratio is 0.29 as of Jun. 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 Sportsman's Warehouse Holdings (SPWH) Overvalued in 2026?
Based on GuruFocus' analysis, Sportsman's Warehouse Holdings stock appears to be undervalued.
The current stock price of $1.26 is trading 52.3% below its estimated GF Value™ of $2.64.
GuruFocus considers Sportsman's Warehouse Holdings to be Possible Value Trap.
Key valuation signals for SPWH:
PB Ratio: 0.29 (87% below median its 10-year median of 2.31)
GF Value™: $2.64 vs. price of $1.26 (52.3% below fair value)
Industry Position: 80.1% below the Retail - Cyclical median (#60 of 1072)
No single metric tells the full story. See the SPWH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sportsman's Warehouse Holdings Business Description
Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer. It provides a one-stop shopping experience that equips customers with the right quality, brand name hunting, shooting, fishing, and camping gear to maximize enjoyment of the outdoors. The company offers products in the categories of Camping, Apparel, Fishing, Footwear, Hunting and shooting, and Optics, Electronics, Accessories, and Other products. It provides products such as Backpacks, Jackets, Camp essentials, Hiking boots, GPS devices, ATV accessories and Fishing rods, among others. The company also offers an e-commerce experience, extensive in-store events and educational programming.
51GF Score
Get the complete analysis for SPWH
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SPWH has been successfully added to your 
