Shoprite Holdings (LUS:SHOP) Cyclically Adjusted Book per Share: ZMW69.51 (As of Dec. 2025)


LUS:SHOP Shoprite Holdings Ltd LUS:SHOP
100 GF Score
Price ZMW350.00
GF Value ZMW426.47
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Shoprite Holdings Cyclically Adjusted Book per Share?

Shoprite Holdings LUS:SHOP 100 Cyclically Adjusted Book per Share is ZMW69.51 as of Dec. 2025. GuruFocus rates LUS:SHOP with a GF Score™ of 100/100 and a GF Value™ of ZMW426.47 (Modestly Undervalued). The stock has 2 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.

Shoprite Holdings's adjusted book value per share data for the fiscal year that ended in Jun. 2025 was ZMW56.992. 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 ZMW69.51 for the trailing ten years ended in Jun. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.90% 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 Shoprite Holdings was 27.70% per year. The lowest was 4.50% per year. And the median was 12.90% per year.

As of today (2026-07-03), Shoprite Holdings's current stock price is ZMW 350.00. Shoprite Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun. 2025 was ZMW69.51. Shoprite Holdings's Cyclically Adjusted PB Ratio of today is 5.04.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shoprite Holdings was 8.92. The lowest was 2.48. And the median was 5.02.


Shoprite Holdings  (LUS:SHOP) 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.

Shoprite Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=350.00/69.51
=5.04

* 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 Shoprite Holdings was 8.92. The lowest was 2.48. And the median was 5.02.


Be Aware

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


Shoprite Holdings Cyclically Adjusted Book per Share Related Terms


Shoprite Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Shoprite Holdings'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.

Shoprite Holdings Cyclically Adjusted Book per Share Chart

Shoprite Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.91 15.59 14.48 15.06 69.51

Shoprite Holdings 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 0.00 15.06 0.00 69.51 0.00

LUS:SHOP vs DDS, M: Cyclically Adjusted Book per Share Comparison

For the Department Stores subindustry, Shoprite Holdings'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.


Shoprite Holdings Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


LUS:SHOP
100GF Score
Shoprite Holdings Ltd LUS:SHOP
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shoprite Holdings 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, Shoprite Holdings's adjusted Book Value per Share data for the fiscal year that ended in Jun. 2025 was:

Adj_Book=Book Value per Share /CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=56.992/160.9852*160.9852
=56.992

Current CPI (Jun. 2025) = 160.9852.

Shoprite Holdings Annual Data

Book Value per Share CPI Adj_Book
201606 47.618 106.713 71.836
201706 69.172 112.054 99.378
201806 59.321 116.959 81.651
201906 49.693 122.191 65.470
202006 38.109 124.807 49.156
202106 50.243 131.113 61.690
202206 54.002 140.835 61.728
202306 46.668 148.802 50.489
202406 50.412 156.269 51.934
202506 56.992 160.985 56.992

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 ZMW69.51 mean?
Shoprite Holdings (LUS:SHOP) has a Cyclically Adjusted Book per Share of ZMW69.51 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 Shoprite Holdings and its competitors.
Is Shoprite Holdings' Cyclically Adjusted Book per Share too high?
Shoprite Holdings' current Cyclically Adjusted Book per Share is ZMW69.51. Overall, Shoprite Holdings has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoprite Holdings' Cyclically Adjusted Book per Share compare to DDS and M?
Shoprite Holdings' Cyclically Adjusted Book per Share of ZMW69.51 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 Shoprite Holdings and its competitors. Shoprite Holdings's current Cyclically Adjusted Book per Share is ZMW69.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoprite Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shoprite Holdings (LUS:SHOP) is currently considered Modestly Undervalued. The stock's GF Value™ is ZMW426.47, compared to a current price of ZMW350.00 — trading 17.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is ZMW69.51. Shoprite Holdings' overall GF Score™ is 100/100 with 2 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 Shoprite Holdings (LUS:SHOP), the current Cyclically Adjusted Book per Share is ZMW69.51 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 Shoprite Holdings (LUS:SHOP) Overvalued in 2026?

Based on GuruFocus' analysis, Shoprite Holdings stock appears to be undervalued. The current stock price of ZMW350.00 is trading 17.9% below its estimated GF Value™ of ZMW426.47. GuruFocus considers Shoprite Holdings to be Modestly Undervalued.

Key valuation signals for LUS:SHOP:

  • Cyclically Adjusted Book per Share: ZMW69.51
  • GF Value™: ZMW426.47 vs. price of ZMW350.00 (17.9% below fair value)
  • GF Score™: 100/100 with 2 warning signs

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


Shoprite Holdings Business Description

Address Cnr William Dabbs Street and Old Paarl Road, Brackenfell, WC, ZAF, 7560
Shoprite Holdings Ltd is Africa's food retailer, headquartered in Cape Town, South Africa, with a widespread presence across multiple African countries. The company's main business is supermarket retailing through brands such as Shoprite, Usave, and Checkers. The company organizes its operations into three main segments: Supermarkets RSA, which covers its core supermarket retail operations in South Africa. The company segments include Supermarkets Non-RSA, covering supermarket operations in other African countries; and Other Operating Segments, which include franchise stores, pharmacies, pet products, clothing, and other specialist retail formats.
100GF Score

Get the complete analysis for LUS:SHOP

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

ZMW350.00
Price
ZMW426.47
GF Value