Fevertree Drinks (LSE:FEVR) Cyclically Adjusted Book per Share: £2.14 (As of Dec. 2025)


LSE:FEVR Fevertree Drinks PLC LSE:FEVR
83 GF Score
Price £8.10
GF Value £9.26
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Fevertree Drinks Cyclically Adjusted Book per Share?

Fevertree Drinks LSE:FEVR -0.80% 83 Cyclically Adjusted Book per Share is £2.14 as of Dec. 2025. GuruFocus rates LSE:FEVR with a GF Score™ of 83/100 and a GF Value™ of £9.26 (Modestly Undervalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Fevertree Drinks's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was £1.926. 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 £2.14 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Fevertree Drinks's average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 18.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Fevertree Drinks was 24.80% per year. The lowest was 13.10% per year. And the median was 18.40% per year.

As of today (2026-06-30), Fevertree Drinks's current stock price is £ 8.10. Fevertree Drinks's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was £2.14. Fevertree Drinks's Cyclically Adjusted PB Ratio of today is 3.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fevertree Drinks was 30.47. The lowest was 3.24. And the median was 7.17.


Fevertree Drinks  (LSE:FEVR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Fevertree Drinks's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.10/2.14
=3.79

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fevertree Drinks was 30.47. The lowest was 3.24. And the median was 7.17.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Fevertree Drinks Cyclically Adjusted Book per Share Related Terms


Fevertree Drinks Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fevertree Drinks's Cyclically Adjusted Book per Share 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.

Fevertree Drinks Cyclically Adjusted Book per Share Chart

Fevertree Drinks Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.48 1.75 1.96 2.14

Fevertree Drinks Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted Book per Share 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 1.75 0.00 1.96 0.00 2.14

LSE:FEVR vs KO, PEP, MNST: Cyclically Adjusted Book per Share Comparison

For the Beverages - Non-Alcoholic subindustry, Fevertree Drinks'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.


Fevertree Drinks Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fevertree Drinks's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSE:FEVR
83GF Score
Fevertree Drinks PLC LSE:FEVR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fevertree Drinks Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Fevertree Drinks's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.926/139.9000*139.9000
=1.926

Current CPI (Dec. 2025) = 139.9000.

Fevertree Drinks Annual Data

Book Value per Share CPI Adj_Book
201612 0.772 102.200 1.057
201712 1.128 105.000 1.503
201812 1.578 107.100 2.061
201912 1.947 108.500 2.510
202012 2.168 109.400 2.772
202112 2.416 114.700 2.947
202212 2.052 125.300 2.291
202312 2.038 130.500 2.185
202412 2.113 135.100 2.188
202512 1.926 139.900 1.926

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

What does a Cyclically Adjusted Book per Share of £2.14 mean?
Fevertree Drinks (LSE:FEVR) has a Cyclically Adjusted Book per Share of £2.14 as of Dec. 2025. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Fevertree Drinks and its competitors.
Is Fevertree Drinks' Cyclically Adjusted Book per Share too high?
Fevertree Drinks' current Cyclically Adjusted Book per Share is £2.14. Overall, Fevertree Drinks has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fevertree Drinks' Cyclically Adjusted Book per Share compare to KO and PEP?
Fevertree Drinks' Cyclically Adjusted Book per Share of £2.14 can be compared against companies in the Beverages - Non-Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Beverages - Non-Alcoholic company?
A good Cyclically Adjusted Book per Share depends on the Beverages - Non-Alcoholic industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Fevertree Drinks and its competitors. Fevertree Drinks's current Cyclically Adjusted Book per Share is £2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fevertree Drinks stock overvalued right now?
Based on GuruFocus' analysis, Fevertree Drinks (LSE:FEVR) is currently considered Modestly Undervalued. The stock's GF Value™ is £9.26, compared to a current price of £8.10 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is £2.14. Fevertree Drinks' overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Fevertree Drinks (LSE:FEVR), the current Cyclically Adjusted Book per Share is £2.14 as of Dec. 2025. 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 Fevertree Drinks (LSE:FEVR) Overvalued in 2026?

Based on GuruFocus' analysis, Fevertree Drinks stock appears to be undervalued. The current stock price of £8.10 is trading 12.5% below its estimated GF Value™ of £9.26. GuruFocus considers Fevertree Drinks to be Modestly Undervalued.

Key valuation signals for LSE:FEVR:

  • Cyclically Adjusted Book per Share: £2.14
  • GF Value™: £9.26 vs. price of £8.10 (12.5% below fair value)
  • GF Score™: 83/100 with 6 warning signs

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


Fevertree Drinks Business Description

Address 186-188 Shepherds Bush Road, London, GBR, W6 7NL
Fevertree Drinks PLC is a UK based holding and investment company. The company is engaged in the business activity of developing and marketing premium mixer drinks. Its product portfolio includes Indian tonic water, Mediterranean tonic water, Elderflower tonic water, Aromatic tonic water, Clementine tonic water, Lemon tonic water, Ginger beer, Ginger ale, Smoky ginger ale, Spiced orange ginger ale, Madagascan cola, Sicilian lemonade, Lemonade, Premium Soda Water and Mediterranean Orange. Geographically, company is divided into two segments US segment representing profits from USA cities and Rest of Group segment which represents profits directly attributable to UK, European and RoW regions of which majority of the revenue is from the United Kingdom.
83GF Score

Get the complete analysis for LSE:FEVR

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£8.10
Price
£9.26
GF Value