Bath & Body Works, Inc. (BBWI) Fair Value 2026

BBWI · Specialty Retail ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.1 /10

32 fundamental signals · 10 models active

Value Trap Risk

SAFE (7/100)

Quick Summary — As of 2026-08-27, Bath & Body Works, Inc. (BBWI) trades at $18.65, versus a $43.01 median fair value across its 10 active models — 130.6% above the current price. QOC: 8.1/10. Value Trap Risk: 7/100 (SAFE). 10/13 models active. Within that set, the Bayesian DCF component alone returns $35.46.

Key Facts

Ticker
BBWI
Price
$18.65
Quality Score
8.1/10
Value Trap Risk
7/100
Models Active
10/13
Last Updated
Strength: Earnings Power Value suggests +130.4% upside with 80% confidence
Risk: Limited model coverage (10/13) may reduce confidence

Is Bath & Body Works, Inc. (BBWI) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Bath & Body Works, Inc. (BBWI) appears undervalued as of : the median of 10 independent fair value estimates is $43.01, 130.6% above the current price of $18.65. Estimates range from $10.87 to $70.46. BBWI scores 8.1/10 on fundamental quality and 7/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. BBWI’s +130.6% gap is wider than that market norm, and the Specialty Retail sector median is -15.0%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Bath & Body Works, Inc. Stock in 2026? →

What Fair Value Does Each Model Give BBWI?

10 Intrinsic Value Models vs. Current Price ($18.65)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $35.46 +90.1%
Intrinsic · High Conviction
 $42.97 +130.4%
Ensemble · Medium Conviction
 $38.73 +107.7%
Intrinsic · High Conviction
 $10.87 -41.7%
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What Is BBWI's Fair Value Range?

Spread across 10 independent models · $10.87 to $70.46

CirclFi's 10 active models place Bath & Body Works, Inc. (BBWI) between $10.87 and $70.46 per share, a spread of 139% of the median. The median of that range — $43.01 — is the fair value CirclFi publishes for BBWI, against a current price of $18.65.

Low · EROICHigh · Sentiment SOTP
$10.87median $43.01$70.46
Where the range comes from
Most bearish modelEROIC Spread$10.87
Most bullish modelSentiment SOTP$70.46
Model agreement8 bullish · 2 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for BBWI. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on BBWI, not a CirclFi price target. How each model works →

What Is Bath & Body Works, Inc. (BBWI) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Bath & Body Works, Inc.'s intrinsic value is estimated at a median fair value of $43.01. At a current market price of $18.65, 8 of 10 active valuation models identify upside potential, projecting a median implied return of +130.6%. Notably, Sentiment SOTP sees the most upside at +277.8% (fair value: $70.46), while EROIC is the most conservative at -41.7% ($10.87). The spread between these extremes — +319.5% — reveals how different analytical frameworks can reach starkly different conclusions. Among models with highest confidence, Bayesian DCF, EPV lean bullish — adding weight to the bullish side of the thesis.

What Do the Models Say About BBWI?

10 of 13 models are currently active for BBWI. Of these, 8 models suggest upside while 2 models suggest overvaluation. Taken together, their median fair value for BBWI is $43.01 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $35.46 on its own, implying +90.1% upside from the current price. See which stocks rank higher →

How Does BBWI Rank in Specialty Retail?

Among 49 Specialty Retail stocks, BBWI ranks #13 by Quality of Company score. CirclFi's QOC score of 8.1/10 evaluates 32 fundamental signals. A score of 8.1 places BBWI in the top tier.

The Specialty Retail sector introduces analytical considerations specific to retail business businesses. For Bath & Body Works, Inc., metrics like store traffic trends provide important context that general-purpose valuation models may underweight.

Is BBWI a Value Trap?

CirclFi's Value Trap algorithm assigns BBWI a score of 7/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for Bath & Body Works, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Bath & Body Works, Inc. scores 8.1 out of 10 on our 32-signal quality assessment, a strong rating that demonstrates strong fundamentals across the majority of our quality signals. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +319.5% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every BBWI valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across BBWI's 10 active models, average confidence is 53%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Bath & Body Works, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Specialty Retail Stocks Should You Also Analyze?

11 related Specialty Retail stocks with 13-model coverage

TSCOTractor Supply CompanyQOC 8.3BBYBest Buy Co., Inc.QOC 8.1BWMXBetterware de México, S.A.P.I. de C.V.QOC 8.4SBHSally Beauty Holdings, Inc.QOC 8.0DKSDICK'S Sporting Goods, Inc.QOC 8.4MUSAMurphy USA Inc.QOC 7.8HZOMarineMax, Inc.QOC 6.8BARKBARK, Inc.QOC 5.5NPTTexxon Holding LimitedQOC 2.4WSMWilliams-Sonoma, Inc.QOC 9.3ARHSArhaus, Inc.QOC 8.9

Read investment analysis: TSCO · BBY · BWMX · SBH · DKS · MUSA · HZO · BARK · NPT · WSM · ARHS

Which Other Stocks Have a Similar Quality Score to BBWI?

7 companies across all industries closest to BBWI’s Quality of Company score of 8.1/10.

DINOHF Sinclair CorporationQOC 8.1LIVNLivaNova PLCQOC 8.1OPBKOP BancorpQOC 8.1CZNCCitizens & Northern CorporationQOC 8.1AAAlcoa CorporationQOC 8.1LGCYLegacy Education Inc.QOC 8.1NVDANVIDIA CorporationQOC 10.0

Read investment analysis: DINO · LIVN · OPBK · CZNC · AA · LGCY · NVDA

What Else Do Investors Ask About Bath & Body Works, Inc.’s Valuation?

What is Bath & Body Works, Inc.'s intrinsic value in 2026?

CirclFi puts Bath & Body Works, Inc. (BBWI)'s intrinsic value at $43.01 — the median of 10 independent model estimates as of 2026-08-27, ranging from $10.87 to $70.46. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $35.46 on its own. The Quality of Company score is 8.1/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is BBWI overvalued or undervalued right now?

At $18.65, 8 of 10 active models suggest BBWI may be undervalued, while 2 indicate potential overvaluation. The median of all 10 fair value estimates is $43.01, 130.6% above the current price of $18.65 — a consensus view that BBWI is undervalued. The assessment depends on which methodology best fits Bath & Body Works, Inc.'s business model in Specialty Retail.

What does a Quality of Company score of 8.1 mean for BBWI?

Bath & Body Works, Inc.'s QOC of 8.1/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on BBWI?

CirclFi analyzes BBWI with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on BBWI?

Of the 10 models currently active on BBWI, Sentiment SOTP is the most bullish at $70.46 per share, and EROIC Spread is the most bearish at $10.87. CirclFi's published fair value for BBWI is the median of that range, $43.01, not either extreme. The gap between the two ends equals 139% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is BBWI a value trap in 2026?

Bath & Body Works, Inc.'s Value Trap score is 7/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, Bath & Body Works, Inc. (BBWI) has a median fair value of $43.01 — 130.6% above the current price of $18.65 — as of 2026-08-27.” Source: circlfi.com/stock/BBWI/ · Methodology
Primary sources for this BBWI valuation
  • Financial statements: Bath & Body Works, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0000701985) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for BBWI as of ; valuations recomputed .

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