Macy'sMEX:M 63 PB Ratio is 1.34 as of Jun. 25, 2026, which is 1% above its 10-year median of 1.33. GuruFocus rates MEX:M with a GF Score™ of 63/100 and a GF Value™ of MXN285.08 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,077 Retail - Cyclical companies, Macy's ranks better than 51.81% 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 (2026-06-25), Macy's's share price is MXN430.00. Macy's's Book Value per Share for the quarter that ended in Apr. 2026 was MXN321.17. Hence, Macy's's PB Ratio of today is 1.34.
Warning Sign:
Macy's Inc stock PB Ratio (=1.38) is close to 3-year high of 1.48.
The historical rank and industry rank for Macy's's PB Ratio or its related term are showing as below:
MEX:M'
s PB Ratio Range Over the Past 10 Years
Min: 0.23 Med: 1.33 Max: 3.56
Current: 1.38
During the past 13 years, Macy's's highest PB Ratio was 3.56. The lowest was 0.23. And the median was 1.33.
MEX:M's PB Ratio is ranked better than 51.81% of 1077
companies
in the Retail - Cyclical industry
Industry Median: 1.44
vs MEX:M: 1.38
During the past 12 months, Macy's's average Book Value Per Share Growth Rate was 11.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Macy's was 21.40% per year. The lowest was -24.20% per year. And the median was 7.60% per year.
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.
Macy's PB Ratio Related Terms
Macy's PB Ratio Historical Data
* Premium members only.
The historical data trend for Macy's'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.
For the Department Stores subindustry, Macy's'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.
Macy's PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's PB Ratio distribution charts can be found below:
* The bar in red indicates where Macy's's PB Ratio falls into.
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.
Macy's's PB Ratio for today is calculated as follows:
* 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.
Macy's (MEX:M) has a PB Ratio of 1.34 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Macy's and its competitors. This is near median its historical median of 1.33. Over the past decade, Macy's' PB Ratio has ranged from 0.23 to 3.56. According to the industry distribution chart, Macy's ranks #519 out of 1077 companies in the Retail - Cyclical industry, placing it in the top 48.2%.
Is Macy's' PB Ratio too high?
Macy's' current PB Ratio of 1.34 is near median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 3.56. The Retail - Cyclical industry median PB Ratio is 1.44. Macy's' value of 1.34 is 6.9% below this industry median. Based on the distribution chart, Macy's ranks #519 out of 1077 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Macy's has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macy's' PB Ratio compare to PLBL and DDS?
According to the Retail - Cyclical industry distribution chart, Macy's ranks #519 out of 1077 companies for PB Ratio. This puts Macy's in the upper half of its industry. The industry median PB Ratio is 1.44. Macy's' value of 1.34 is 6.9% below this benchmark. Historically, Macy's' own PB Ratio has ranged from 0.23 to 3.56 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.44, Macy's 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 1.44, based on 1,077 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. Macy's's current PB Ratio of 1.34 is 6.9% 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 Macy's and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macy's's current PB Ratio is 1.34, which is near median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macy's stock overvalued right now?
Based on GuruFocus' analysis, Macy's (MEX:M) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN285.08, compared to a current price of MXN430.00 — trading 50.8% above its estimated fair value. The current PB Ratio is 1.34, which is near median its 10-year median of 1.33 and 6.9% below the Retail - Cyclical industry median of 1.44. Macy's' overall GF Score™ is 63/100 with 8 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 Macy's (MEX:M), the current PB Ratio is 1.34 as of Jun. 25, 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 Macy's (MEX:M) Overvalued in 2026?
Based on GuruFocus' analysis, Macy's stock appears to be overvalued.
The current stock price of MXN430.00 is trading 50.8% above its estimated GF Value™ of MXN285.08.
GuruFocus considers Macy's to be Significantly Overvalued.
Key valuation signals for MEX:M:
PB Ratio: 1.34 (near median its 10-year median of 1.33)
GF Value™: MXN285.08 vs. price of MXN430.00 (50.8% above fair value)
Industry Position: 6.9% below the Retail - Cyclical median (#519 of 1077)
No single metric tells the full story. See the MEX:M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1858 and based in New York City, Macy's operates about 430 eponymous stores, 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's names, and 170 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 64% of 2025 net retail sales.
63GF Score
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