Zumiez (STU:ZM3) PB Ratio: 1.16 (As of Jul. 29, 2026) — 20% 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.

STU:ZM3 Zumiez Inc STU:ZM3
74 GF Score
Price €17.80
GF Value €19.45
! 3 Warning Signs
View Full Analysis

What is Zumiez PB Ratio?

Zumiez STU:ZM3 +5.95% 74 PB Ratio is 1.16 as of Jul. 29, 2026, which is 20% below its 10-year median of 1.45. GuruFocus rates STU:ZM3 with a GF Score™ of 74/100 and a GF Value™ of €19.45. The stock has 3 warning signs investors should review. Among 1,083 Retail - Cyclical companies, Zumiez ranks better than 59.28% on this metric.

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. As of today (2026-07-29), Zumiez's share price is €17.80. Zumiez's Book Value per Share for the quarter that ended in Apr. 2026 was €15.35. Hence, Zumiez's PB Ratio of today is 1.16.

The historical rank and industry rank for Zumiez's PB Ratio or its related term are showing as below:

STU:ZM3' s PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.45   Max: 2.3
Current: 1.15

During the past 13 years, Zumiez's highest PB Ratio was 2.30. The lowest was 0.69. And the median was 1.45.

STU:ZM3's PB Ratio is ranked better than
59.28% of 1083 companies
in the Retail - Cyclical industry
Industry Median: 1.47 vs STU:ZM3: 1.15

During the past 12 months, Zumiez's average Book Value Per Share Growth Rate was 6.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zumiez was 75.90% per year. The lowest was -8.00% per year. And the median was 13.20% per year.

Back to Basics: PB Ratio


Zumiez  (STU:ZM3) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Zumiez PB Ratio Related Terms


Zumiez PB Ratio Historical Data

* Premium members only.

The historical data trend for Zumiez's 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.

Zumiez PB Ratio Chart

Zumiez Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.98 1.22 0.99 0.91 1.18

Zumiez Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.68 0.84 1.23 1.18 1.34

STU:ZM3 vs LE, JILL, CURV: PB Ratio Comparison

For the Apparel Retail subindustry, Zumiez'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.


Zumiez PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zumiez's PB Ratio distribution charts can be found below:

* The bar in red indicates where Zumiez's PB Ratio falls into.


STU:ZM3
74GF Score
Zumiez Inc STU:ZM3
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zumiez 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.

Zumiez's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Apr. 2026)
=17.80/15.354
=1.16

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.16 mean?
Zumiez (STU:ZM3) has a PB Ratio of 1.16 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zumiez and its competitors. This is 20% below median its historical median of 1.45. Over the past decade, Zumiez's PB Ratio has ranged from 0.69 to 2.30. According to the industry distribution chart, Zumiez ranks #441 out of 1083 companies in the Retail - Cyclical industry, placing it in the top 40.7%.
Is Zumiez's PB Ratio too high?
Zumiez's current PB Ratio of 1.16 is 20% below median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.30. The Retail - Cyclical industry median PB Ratio is 1.47. Zumiez's value of 1.16 is 21.1% below this industry median. Based on the distribution chart, Zumiez ranks #441 out of 1083 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Zumiez has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Zumiez's PB Ratio compare to LE and JILL?
According to the Retail - Cyclical industry distribution chart, Zumiez ranks #441 out of 1083 companies for PB Ratio. This puts Zumiez in the upper half of its industry. The industry median PB Ratio is 1.47. Zumiez's value of 1.16 is 21.1% below this benchmark. Historically, Zumiez's own PB Ratio has ranged from 0.69 to 2.30 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.47, Zumiez 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 1.47, based on 1,083 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. Zumiez's current PB Ratio of 1.16 is 21.1% 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 Zumiez and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zumiez's current PB Ratio is 1.16, which is 20% below median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zumiez stock overvalued right now?
Zumiez (STU:ZM3) has a current PB Ratio of 1.16. The stock's GF Value™ is €19.45, compared to a current price of €17.80 — trading 8.5% below its estimated fair value. The current PB Ratio is 1.16, which is 20% below median its 10-year median of 1.45 and 21.1% below the Retail - Cyclical industry median of 1.47. Zumiez's overall GF Score™ is 74/100 with 3 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 Zumiez (STU:ZM3), the current PB Ratio is 1.16 as of Jul. 29, 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 Zumiez (STU:ZM3) Overvalued in 2026?

Based on GuruFocus' analysis, Zumiez stock appears to be undervalued. The current stock price of €17.80 is trading 8.5% below its estimated GF Value™ of €19.45.

Key valuation signals for STU:ZM3:

  • PB Ratio: 1.16 (20% below median its 10-year median of 1.45)
  • GF Value™: €19.45 vs. price of €17.80 (8.5% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 21.1% below the Retail - Cyclical median (#441 of 1083)

No single metric tells the full story. See the STU:ZM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zumiez Business Description

Other Exchanges ZUMZ:USAZM3:Germany
Address 4001 204th Street South West, Lynnwood, WA, USA, 98036
Zumiez Inc is a United States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hard goods. The company provides merchandise with cultural elements coming from fashion, music, art, action sports, streetwear, and other lifestyles. The company operates under the brands Zumiez, Fast Times, and Blue Tomato, and through both physical stores and websites. The majority of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.
74GF Score

Get the complete analysis for STU:ZM3

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

€17.80
Price
€19.45
GF Value