Saputo (MEX:SAP2N) Cyclically Adjusted Book per Share: MXN171.50 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:SAP2N Saputo Inc MEX:SAP2N
69 GF Score
Price MXN436.13
GF Value MXN305.48
! 5 Warning Signs
View Full Analysis

What is Saputo Cyclically Adjusted Book per Share?

Saputo MEX:SAP2N 69 Cyclically Adjusted Book per Share is MXN171.50 as of Mar. 2026. GuruFocus rates MEX:SAP2N with a GF Score™ of 69/100 and a GF Value™ of MXN305.48. The stock has 5 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.

Saputo's adjusted book value per share for the three months ended in Mar. 2026 was MXN220.794. 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 MXN171.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Saputo's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.40% 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 Saputo was 13.20% per year. The lowest was 6.60% per year. And the median was 12.00% per year.

As of today (2026-07-21), Saputo's current stock price is MXN436.13. Saputo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN171.50. Saputo's Cyclically Adjusted PB Ratio of today is 2.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Saputo was 7.37. The lowest was 1.44. And the median was 3.19.


Saputo  (MEX:SAP2N) 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.

Saputo's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=436.13/171.50
=2.54

* 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 Saputo was 7.37. The lowest was 1.44. And the median was 3.19.


Be Aware

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


Saputo Cyclically Adjusted Book per Share Related Terms


Saputo Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Saputo'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.

Saputo Cyclically Adjusted Book per Share Chart

Saputo Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 201.04 175.72 250.88 287.18 171.50

Saputo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 287.18 258.99 215.36 176.94 171.50

MEX:SAP2N vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Saputo'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.


Saputo Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Saputo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:SAP2N
69GF Score
Saputo Inc MEX:SAP2N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saputo 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, Saputo's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=220.794/132.2623*132.2623
=220.794

Current CPI (Mar. 2026) = 132.2623.

Saputo Quarterly Data

Book Value per Share CPI Adj_Book
201606 149.441 102.002 193.775
201609 160.420 101.765 208.496
201612 171.399 101.449 223.459
201703 157.496 102.634 202.962
201706 152.574 103.029 195.866
201709 164.653 103.345 210.726
201712 183.493 103.345 234.837
201803 173.835 105.004 218.961
201806 188.625 105.557 236.346
201809 179.878 105.636 225.218
201812 204.963 105.399 257.202
201903 201.534 106.979 249.164
201906 197.579 107.690 242.661
201909 221.632 107.611 272.402
201912 215.877 107.769 264.940
202003 269.604 107.927 330.393
202006 268.017 108.401 327.012
202009 265.091 108.164 324.151
202012 244.901 108.559 298.373
202103 253.920 110.298 304.486
202106 250.914 111.720 297.051
202109 254.128 112.905 297.698
202112 254.614 113.774 295.989
202203 245.496 117.646 275.998
202206 247.077 120.806 270.508
202209 249.665 120.648 273.699
202212 242.437 120.964 265.081
202303 223.093 122.702 240.475
202306 215.700 124.203 229.696
202309 218.438 125.230 230.704
202312 204.418 125.072 216.169
202403 203.709 126.258 213.397
202406 228.455 127.522 236.948
202409 254.198 127.285 264.139
202412 242.305 127.364 251.624
202503 237.672 129.181 243.341
202506 221.542 129.892 225.585
202509 219.082 130.287 222.403
202512 214.314 130.366 217.431
202603 220.794 132.262 220.794

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 MXN171.50 mean?
Saputo (MEX:SAP2N) has a Cyclically Adjusted Book per Share of MXN171.50 as of Mar. 2026. 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 Saputo and its competitors.
Is Saputo's Cyclically Adjusted Book per Share too high?
Saputo's current Cyclically Adjusted Book per Share is MXN171.50. Overall, Saputo has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Saputo's Cyclically Adjusted Book per Share compare to KHC and GIS?
Saputo's Cyclically Adjusted Book per Share of MXN171.50 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods 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 Saputo and its competitors. Saputo's current Cyclically Adjusted Book per Share is MXN171.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saputo stock overvalued right now?
Saputo (MEX:SAP2N) has a current Cyclically Adjusted Book per Share of MXN171.50. The stock's GF Value™ is MXN305.48, compared to a current price of MXN436.13 — trading 42.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN171.50. Saputo's overall GF Score™ is 69/100 with 5 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 Saputo (MEX:SAP2N), the current Cyclically Adjusted Book per Share is MXN171.50 as of Mar. 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 Saputo (MEX:SAP2N) Overvalued in 2026?

Based on GuruFocus' analysis, Saputo stock appears to be overvalued. The current stock price of MXN436.13 is trading 42.8% above its estimated GF Value™ of MXN305.48.

Key valuation signals for MEX:SAP2N:

  • Cyclically Adjusted Book per Share: MXN171.50
  • GF Value™: MXN305.48 vs. price of MXN436.13 (42.8% above fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the MEX:SAP2N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Saputo Business Description

Address 1000 de la Gauchetiere Street West, Suite 2900, Montreal, QC, CAN, H3B 4W5
Saputo Inc produces, markets, and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. The Company is a cheese manufacturer and fluid milk and cream processor in Canada, a dairy processor in Australia, a cheese producer and extended shelf-life and cultured dairy products manufacturer in the USA, and a manufacturer of branded cheese and dairy spreads in the UK. Its cheese products are sold under various brand names, including Saputo, Armstrong, Alexis de Portneuf, Bari, Cogruet, DuVillage 1860, Kingsey, and Shepherd Gourmet Dairy. The Company operates through four divisions: Canada Sector, USA Sector, International Sector, and Europe Sector, with the USA Sector generating the maximum revenue.
69GF Score

Get the complete analysis for MEX:SAP2N

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

MXN436.13
Price
MXN305.48
GF Value