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Gap (GPS) Cyclically Adjusted PB Ratio : 2.46 (As of Apr. 27, 2024)


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What is Gap Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Gap's current share price is $21.35. Gap's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $8.67. Gap's Cyclically Adjusted PB Ratio for today is 2.46.

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

GPS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 3.41   Max: 6.67
Current: 2.46

During the past years, Gap's highest Cyclically Adjusted PB Ratio was 6.67. The lowest was 0.73. And the median was 3.41.

GPS's Cyclically Adjusted PB Ratio is ranked worse than
73.22% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs GPS: 2.46

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Gap's adjusted book value per share data for the three months ended in Jan. 2024 was $6.976. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $8.67 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gap Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gap's Cyclically Adjusted 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.

* Premium members only.

Gap Cyclically Adjusted PB Ratio Chart

Gap Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.40 2.23 2.62 2.17 1.56

Gap Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted 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 1.56 1.10 1.18 1.46 2.15

Competitive Comparison of Gap's Cyclically Adjusted PB Ratio

For the Apparel Retail subindustry, Gap's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Gap's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Gap's Cyclically Adjusted PB Ratio falls into.



Gap Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Gap's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.35/8.67
=2.46

* 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.

Gap's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Gap's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=6.976/129.4194*129.4194
=6.976

Current CPI (Jan. 2024) = 129.4194.

Gap Quarterly Data

Book Value per Share CPI Adj_Book
201404 6.853 100.023 8.867
201407 6.788 100.520 8.740
201410 6.733 100.176 8.699
201501 7.086 98.604 9.301
201504 6.871 99.824 8.908
201507 6.515 100.691 8.374
201510 6.458 100.346 8.329
201601 6.411 99.957 8.301
201604 6.337 100.947 8.124
201607 6.430 101.524 8.197
201610 6.832 101.988 8.670
201701 7.278 102.456 9.193
201704 7.227 103.167 9.066
201707 7.513 103.278 9.415
201710 7.774 104.070 9.668
201801 8.082 104.578 10.002
201804 8.261 105.708 10.114
201807 8.675 106.324 10.559
201810 9.005 106.695 10.923
201901 9.399 106.200 11.454
201904 9.447 107.818 11.340
201907 9.641 108.250 11.526
201910 9.743 108.577 11.613
202001 8.938 108.841 10.628
202004 6.212 108.173 7.432
202007 6.018 109.318 7.125
202010 6.340 109.861 7.469
202101 6.989 110.364 8.196
202104 7.443 112.673 8.549
202107 8.032 115.183 9.025
202110 7.452 116.696 8.265
202201 7.337 118.619 8.005
202204 6.644 121.978 7.049
202207 6.332 125.002 6.556
202210 7.044 125.734 7.250
202301 6.101 126.223 6.255
202304 5.938 127.992 6.004
202307 6.133 128.974 6.154
202310 6.631 129.810 6.611
202401 6.976 129.419 6.976

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Gap  (NYSE:GPS) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Gap Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Gap's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Gap (GPS) Business Description

Traded in Other Exchanges
Address
Two Folsom Street, San Francisco, CA, USA, 94105
Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.
Executives
John J Fisher director, 10 percent owner C/O PISCES INC, 1300 EVANS AVENUE, NO. 880154, SAN FRANCISCO CA 94188
Julie Gruber officer: EVP & Global General Counsel 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Horacio Barbeito officer: President & CEO, Old Navy 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Mark Breitbard officer: Pres. & CEO, Banana Republic 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Katrina O'connell officer: EVP CFO 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Sarah Gilligan officer: EVP Sup Chn, Strat & Transform 11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Chris Blakeslee officer: President & CEO, Athleta 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Tariq M Shaukat director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Gurmeet Singh officer: Chief Digital & Tech Officer 2 FOLSOM ST, SAN FRANCISCO CA 94105
Richard Dickson director C/O MATTEL, INC., 333 CONTINENTAL BOULEVARD, EL SEGUNDO CA 90245
Mary Beth Laughton officer: President & CEO, Athleta 2 FOLSOM STREET, SAN FRANCISCO CA 94105
Kathryn A. Hall director ONE MARITIME PLAZA, SIXTH FLOOR, SAN FRANCISCO CA 94111
Sonia Syngal officer: EVP, Global Supply Chain TWO FOLSOM STREET, SAN FRANCISCO CA 94105
Elisabeth B Donohue director C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202
Sheila Peters officer: EVP & Chief People Officer 2 FOLSOM STREET, SAN FRANCISCO CA 94105