Almarai Co (SAU:2280) Cyclically Adjusted Book per Share: ﷼19.30 (As of Jun. 2026)

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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.
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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.

SAU:2280 Almarai Co SAU:2280
88 GF Score
Price ﷼49.00
GF Value ﷼61.68
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Almarai Co Cyclically Adjusted Book per Share?

Almarai Co SAU:2280 -0.53% 88 Cyclically Adjusted Book per Share is ﷼19.30 as of Jun. 2026. GuruFocus rates SAU:2280 with a GF Score™ of 88/100 and a GF Value™ of ﷼61.68 (Modestly Undervalued). The stock has 8 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.

Almarai Co's adjusted book value per share for the three months ended in Jun. 2026 was ﷼20.754. 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 ﷼19.30 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Almarai Co's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 Almarai Co was 10.80% per year. The lowest was 5.90% per year. And the median was 7.70% per year.

As of today (2026-09-01), Almarai Co's current stock price is ﷼49.00. Almarai Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼19.30. Almarai Co's Cyclically Adjusted PB Ratio of today is 2.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Almarai Co was 4.96. The lowest was 2.15. And the median was 3.48.


Almarai Co  (SAU:2280) 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.

Almarai Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=49.00/19.30
=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 Almarai Co was 4.96. The lowest was 2.15. And the median was 3.48.


Be Aware

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


Almarai Co Cyclically Adjusted Book per Share Related Terms


Almarai Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Almarai Co'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.

Almarai Co Cyclically Adjusted Book per Share Chart

Almarai Co 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 14.10 15.59 16.70 17.63 18.53

Almarai Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 18.24 18.47 18.53 18.99 19.30

SAU:2280 vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Almarai Co'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.


Almarai Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


SAU:2280
88GF Score
Almarai Co SAU:2280
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Almarai Co 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, Almarai Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=20.754/333.9520*333.9520
=20.754

Current CPI (Jun. 2026) = 333.9520.

Almarai Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.814 241.428 17.725
201612 13.057 241.432 18.061
201703 12.706 243.801 17.404
201706 13.360 244.955 18.214
201709 13.964 246.819 18.894
201712 14.431 246.524 19.549
201803 14.903 249.554 19.943
201806 14.654 251.989 19.420
201809 13.469 252.439 17.818
201812 13.960 251.233 18.556
201903 14.326 254.202 18.820
201906 14.085 256.143 18.364
201909 14.664 256.759 19.073
201912 14.742 256.974 19.158
202003 14.813 258.115 19.165
202006 14.686 257.797 19.024
202009 15.427 260.280 19.794
202012 15.782 260.474 20.234
202103 16.168 264.877 20.384
202106 15.556 271.696 19.120
202109 15.957 274.310 19.426
202112 16.217 278.802 19.425
202203 16.423 287.504 19.076
202206 15.933 296.311 17.957
202209 16.370 296.808 18.419
202212 16.772 296.797 18.872
202303 17.341 301.836 19.186
202306 16.919 305.109 18.518
202309 17.598 307.789 19.094
202312 17.905 306.746 19.493
202403 18.448 312.332 19.725
202406 18.054 314.175 19.190
202409 18.668 315.301 19.772
202412 18.904 315.605 20.003
202503 19.822 319.799 20.699
202506 19.480 322.561 20.168
202509 20.164 324.800 20.732
202512 20.652 324.054 21.283
202603 21.246 330.213 21.487
202606 20.754 333.952 20.754

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 ﷼19.30 mean?
Almarai Co (SAU:2280) has a Cyclically Adjusted Book per Share of ﷼19.30 as of Jun. 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 Almarai Co and its competitors.
Is Almarai Co's Cyclically Adjusted Book per Share too high?
Almarai Co's current Cyclically Adjusted Book per Share is ﷼19.30. Overall, Almarai Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Almarai Co's Cyclically Adjusted Book per Share compare to KHC and GIS?
Almarai Co's Cyclically Adjusted Book per Share of ﷼19.30 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 Almarai Co and its competitors. Almarai Co's current Cyclically Adjusted Book per Share is ﷼19.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almarai Co stock overvalued right now?
Based on GuruFocus' analysis, Almarai Co (SAU:2280) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼61.68, compared to a current price of ﷼49.00 — trading 20.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is ﷼19.30. Almarai Co's overall GF Score™ is 88/100 with 8 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 Almarai Co (SAU:2280), the current Cyclically Adjusted Book per Share is ﷼19.30 as of Jun. 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 Almarai Co (SAU:2280) Overvalued in 2026?

Based on GuruFocus' analysis, Almarai Co stock appears to be undervalued. The current stock price of ﷼49.00 is trading 20.6% below its estimated GF Value™ of ﷼61.68. GuruFocus considers Almarai Co to be Modestly Undervalued.

Key valuation signals for SAU:2280:

  • Cyclically Adjusted Book per Share: ﷼19.30
  • GF Value™: ﷼61.68 vs. price of ﷼49.00 (20.6% below fair value)
  • GF Score™: 88/100 with 8 warning signs

No single metric tells the full story. See the SAU:2280 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Almarai Co Business Description

Address Exit 7, North Ring Road, Al Izdihar District, P.O. Box 8524, Riyadh, SAU, 11492
Almarai Co is a manufacturer and distributor of quality food and beverages. Its product portfolio includes dairy products, juices, bakery items, poultry, and infant formula under the brands Almarai, Joosy Life, Beyti, Teeba, L'usine, 7days, Alyoum, and AlBashayer. Its segments include Dairy and Juice, covering milk, dairy, fruit juice, ice cream processing, and distribution; Bakery, covering the manufacturing and distribution of bakery products; Poultry, covering poultry products; and Other Activities, including arable farming, horticulture, infant nutrition, seafood, value-added meat products, and water. The majority of the revenue is derived from the Dairy and Juice segment, with the maximum revenue generated from Saudi Arabia.
88GF Score

Get the complete analysis for SAU:2280

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

﷼49.00
Price
﷼61.68
GF Value