Royal Unibrew AS (WBO:RBRE) Cyclically Adjusted Book per Share: €0.00 (As of Mar. 2026)

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WBO:RBRE Royal Unibrew AS WBO:RBRE
69 GF Score
Price €64.45
GF Value €78.40
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Royal Unibrew AS Cyclically Adjusted Book per Share?

Royal Unibrew AS WBO:RBRE -0.39% 69 Cyclically Adjusted Book per Share is €0.00 as of Mar. 2026. GuruFocus rates WBO:RBRE with a GF Score™ of 69/100 and a GF Value™ of €78.40 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Royal Unibrew AS's adjusted book value per share for the three months ended in Mar. 2026 was €18.942. 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 €0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Royal Unibrew AS's average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 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 Royal Unibrew AS was 13.60% per year. The lowest was 7.10% per year. And the median was 8.60% per year.

As of today (2026-08-09), Royal Unibrew AS's current stock price is €64.45. Royal Unibrew AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.00. Royal Unibrew AS's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Royal Unibrew AS was 15.15. The lowest was 4.47. And the median was 8.46.


Royal Unibrew AS  (WBO:RBRE) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Royal Unibrew AS was 15.15. The lowest was 4.47. And the median was 8.46.


Be Aware

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


Royal Unibrew AS Cyclically Adjusted Book per Share Related Terms


Royal Unibrew AS Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Royal Unibrew AS'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.

Royal Unibrew AS Cyclically Adjusted Book per Share Chart

Royal Unibrew AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
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Royal Unibrew AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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WBO:RBRE vs STZ, TAP: Cyclically Adjusted Book per Share Comparison

For the Beverages - Brewers subindustry, Royal Unibrew AS'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.


Royal Unibrew AS Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

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

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


WBO:RBRE
69GF Score
Royal Unibrew AS WBO:RBRE
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Royal Unibrew AS 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, Royal Unibrew AS'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)
=18.942/330.2130*330.2130
=18.942

Current CPI (Mar. 2026) = 330.2130.

Royal Unibrew AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.751 241.018 9.249
201609 7.401 241.428 10.123
201612 7.455 241.432 10.196
201703 7.523 243.801 10.189
201706 6.818 244.955 9.191
201709 7.287 246.819 9.749
201712 7.386 246.524 9.893
201803 7.383 249.554 9.769
201806 6.803 251.989 8.915
201809 7.390 252.439 9.667
201812 7.760 251.233 10.200
201903 8.024 254.202 10.423
201906 7.166 256.143 9.238
201909 7.958 256.759 10.235
201912 8.420 256.974 10.820
202003 8.631 258.115 11.042
202006 9.616 257.797 12.317
202009 9.215 260.280 11.691
202012 9.132 260.474 11.577
202103 9.138 264.877 11.392
202106 8.016 271.696 9.742
202109 9.137 274.310 10.999
202112 9.345 278.802 11.068
202203 9.662 287.504 11.097
202206 12.385 296.311 13.802
202209 13.319 296.808 14.818
202212 13.972 296.797 15.545
202303 14.029 301.836 15.348
202306 13.060 305.109 14.135
202309 14.834 307.789 15.915
202312 15.407 306.746 16.586
202403 15.565 312.332 16.456
202406 16.902 314.175 17.765
202409 16.537 315.301 17.319
202412 17.166 315.605 17.961
202503 17.607 319.799 18.180
202506 16.465 322.561 16.856
202509 17.735 324.800 18.031
202512 18.343 324.054 18.692
202603 18.942 330.213 18.942

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 €0.00 mean?
Royal Unibrew AS (WBO:RBRE) has a Cyclically Adjusted Book per Share of €0.00 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 Royal Unibrew AS and its competitors.
Is Royal Unibrew AS's Cyclically Adjusted Book per Share too high?
Royal Unibrew AS's current Cyclically Adjusted Book per Share is €0.00. Overall, Royal Unibrew AS has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Royal Unibrew AS's Cyclically Adjusted Book per Share compare to STZ and TAP?
Royal Unibrew AS's Cyclically Adjusted Book per Share of €0.00 can be compared against companies in the Beverages - 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 - Alcoholic company?
A good Cyclically Adjusted Book per Share depends on the Beverages - 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 Royal Unibrew AS and its competitors. Royal Unibrew AS's current Cyclically Adjusted Book per Share is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Unibrew AS stock overvalued right now?
Based on GuruFocus' analysis, Royal Unibrew AS (WBO:RBRE) is currently considered Modestly Undervalued. The stock's GF Value™ is €78.40, compared to a current price of €64.45 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is €0.00. Royal Unibrew AS'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 Royal Unibrew AS (WBO:RBRE), the current Cyclically Adjusted Book per Share is €0.00 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 Royal Unibrew AS (WBO:RBRE) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Unibrew AS stock appears to be undervalued. The current stock price of €64.45 is trading 17.8% below its estimated GF Value™ of €78.40. GuruFocus considers Royal Unibrew AS to be Modestly Undervalued.

Key valuation signals for WBO:RBRE:

  • Cyclically Adjusted Book per Share: €0.00
  • GF Value™: €78.40 vs. price of €64.45 (17.8% below fair value)
  • GF Score™: 69/100 with 5 warning signs

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


Royal Unibrew AS Business Description

Address Faxe Alle 1, Faxe, DNK, DK-4640
Royal Unibrew AS manufactures and sells beverages, including beer, malt beverages, cider, soft drinks, juice, and water. The company produces and distributes its own brands and partner brands, with its largest licensing agreements with PepsiCo and Heineken. Royal Unibrew was founded in 1989 and listed on the Copenhagen stock exchange in 1998.In 2024, Royal Unibrew took over PepsiCo's beverage business in Luxembourg and Belgium. In 2025, Royal Unibrew finalized its acquisition of Pernod Ricard's portfolio of Nordic brands, including spirits, liqueurs, and wines.
69GF Score

Get the complete analysis for WBO:RBRE

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

€64.45
Price
€78.40
GF Value