George Weston (TSX:WN) Cyclically Adjusted Book per Share: C$17.77 (As of Mar. 2026)


TSX:WN George Weston Ltd TSX:WN
79 GF Score
Price C$99.64
GF Value C$83.94
Valuation Modestly Overvalued
! 6 Warning Signs
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What is George Weston Cyclically Adjusted Book per Share?

George Weston TSX:WN -0.99% 79 Cyclically Adjusted Book per Share is C$17.77 as of Mar. 2026. GuruFocus rates TSX:WN with a GF Score™ of 79/100 and a GF Value™ of C$83.94 (Modestly Overvalued). 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.

George Weston's adjusted book value per share for the three months ended in Mar. 2026 was C$10.763. 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 C$17.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, George Weston's average Cyclically Adjusted Book Growth Rate was -3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.50% 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 George Weston was 11.60% per year. The lowest was -1.00% per year. And the median was 2.90% per year.

As of today (2026-07-04), George Weston's current stock price is C$99.64. George Weston's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$17.77. George Weston's Cyclically Adjusted PB Ratio of today is 5.61.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of George Weston was 5.88. The lowest was 1.66. And the median was 2.49.


George Weston  (TSX:WN) 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.

George Weston's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=99.64/17.77
=5.61

* 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 George Weston was 5.88. The lowest was 1.66. And the median was 2.49.


Be Aware

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


George Weston Cyclically Adjusted Book per Share Related Terms


George Weston Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for George Weston'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.

George Weston Cyclically Adjusted Book per Share Chart

George Weston 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 17.58 18.38 18.75 18.40 17.81

George Weston 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 18.43 18.29 18.09 17.81 17.77

TSX:WN vs KR, SFM, ACI: Cyclically Adjusted Book per Share Comparison

For the Grocery Stores subindustry, George Weston'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.


George Weston Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, George Weston's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:WN
79GF Score
George Weston Ltd TSX:WN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

George Weston 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, George Weston'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)
=10.763/132.2600*132.2600
=10.763

Current CPI (Mar. 2026) = 132.2600.

George Weston Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.457 102.002 22.636
201609 18.034 101.765 23.438
201612 18.105 101.449 23.604
201703 18.103 102.634 23.329
201706 18.079 103.029 23.208
201709 18.622 103.345 23.832
201712 18.548 103.345 23.738
201803 18.389 105.004 23.162
201806 18.294 105.557 22.922
201809 18.155 105.636 22.731
201812 15.698 105.399 19.699
201903 14.151 106.979 17.495
201906 14.261 107.690 17.515
201909 14.060 107.611 17.280
201912 14.733 107.769 18.081
202003 15.930 107.927 19.521
202006 15.002 108.401 18.304
202009 15.262 108.164 18.662
202012 15.300 108.559 18.640
202103 14.809 110.298 17.758
202106 14.263 111.720 16.885
202109 13.842 112.905 16.215
202112 13.965 113.774 16.234
202203 13.925 117.646 15.655
202206 14.307 120.806 15.664
202209 15.452 120.648 16.939
202212 14.284 120.964 15.618
202303 14.653 122.702 15.794
202306 14.919 124.203 15.887
202309 15.338 125.230 16.199
202312 14.526 125.072 15.361
202403 14.065 126.258 14.734
202406 14.161 127.522 14.687
202409 12.895 127.285 13.399
202412 13.915 127.364 14.450
202503 12.989 129.181 13.299
202506 12.376 129.892 12.602
202509 12.764 130.290 12.957
202512 11.767 130.370 11.938
202603 10.763 132.260 10.763

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 C$17.77 mean?
George Weston (TSX:WN) has a Cyclically Adjusted Book per Share of C$17.77 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 George Weston and its competitors.
Is George Weston's Cyclically Adjusted Book per Share too high?
George Weston's current Cyclically Adjusted Book per Share is C$17.77. Overall, George Weston has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does George Weston's Cyclically Adjusted Book per Share compare to KR and SFM?
George Weston's Cyclically Adjusted Book per Share of C$17.77 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Cyclically Adjusted Book per Share depends on the Retail - Defensive 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 George Weston and its competitors. George Weston's current Cyclically Adjusted Book per Share is C$17.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is George Weston stock overvalued right now?
Based on GuruFocus' analysis, George Weston (TSX:WN) is currently considered Modestly Overvalued. The stock's GF Value™ is C$83.94, compared to a current price of C$99.64 — trading 18.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is C$17.77. George Weston's overall GF Score™ is 79/100 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 George Weston (TSX:WN), the current Cyclically Adjusted Book per Share is C$17.77 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 George Weston (TSX:WN) Overvalued in 2026?

Based on GuruFocus' analysis, George Weston stock appears to be overvalued. The current stock price of C$99.64 is trading 18.7% above its estimated GF Value™ of C$83.94. GuruFocus considers George Weston to be Modestly Overvalued.

Key valuation signals for TSX:WN:

  • Cyclically Adjusted Book per Share: C$17.77
  • GF Value™: C$83.94 vs. price of C$99.64 (18.7% above fair value)
  • GF Score™: 79/100 with 6 warning signs

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


George Weston Business Description

Address 22 St. Clair Avenue East, Suite 800, Toronto, ON, CAN, M4T 2S5
George Weston is a holding company that controls majority stakes in retailer Loblaw and in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages over 700 commercial and residential properties in Canada, generating roughly 60% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 60% stake.
79GF Score

Get the complete analysis for TSX:WN

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

C$99.64
Price
C$83.94
GF Value