Bayan Sulu JSC (XKAZ:BSUL) Cyclically Adjusted Book per Share: ₸600.79 (As of Mar. 2026)

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XKAZ:BSUL Bayan Sulu JSC XKAZ:BSUL
57 GF Score
Price ₸439.00
GF Value ₸265.73
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Bayan Sulu JSC Cyclically Adjusted Book per Share?

Bayan Sulu JSC XKAZ:BSUL +8.13% 57 Cyclically Adjusted Book per Share is ₸600.79 as of Mar. 2026. GuruFocus rates XKAZ:BSUL with a GF Score™ of 57/100 and a GF Value™ of ₸265.73 (Significantly Overvalued). The stock has 4 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.

Bayan Sulu JSC's adjusted book value per share for the three months ended in Mar. 2026 was ₸621.083. 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 ₸600.79 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bayan Sulu JSC's average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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 Bayan Sulu JSC was 9.40% per year. The lowest was 6.50% per year. And the median was 7.95% per year.

As of today (2026-08-23), Bayan Sulu JSC's current stock price is ₸439.00. Bayan Sulu JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₸600.79. Bayan Sulu JSC's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bayan Sulu JSC was 0.91. The lowest was 0.62. And the median was 0.78.


Bayan Sulu JSC  (XKAZ:BSUL) 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.

Bayan Sulu JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=439.00/600.79
=0.73

* 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 Bayan Sulu JSC was 0.91. The lowest was 0.62. And the median was 0.78.


Be Aware

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


Bayan Sulu JSC Cyclically Adjusted Book per Share Related Terms


Bayan Sulu JSC Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bayan Sulu JSC'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.

Bayan Sulu JSC Cyclically Adjusted Book per Share Chart

Bayan Sulu JSC 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 426.82 484.38 516.93 558.50 585.71

Bayan Sulu JSC 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 568.90 577.21 583.67 585.71 600.79

XKAZ:BSUL vs MDLZ, HSY, TR: Cyclically Adjusted Book per Share Comparison

For the Confectioners subindustry, Bayan Sulu JSC'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.


Bayan Sulu JSC Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


XKAZ:BSUL
57GF Score
Bayan Sulu JSC XKAZ:BSUL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bayan Sulu JSC 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, Bayan Sulu JSC'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)
=621.083/330.2130*330.2130
=621.083

Current CPI (Mar. 2026) = 330.2130.

Bayan Sulu JSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 335.335 241.018 459.434
201609 349.446 241.428 477.955
201612 366.055 241.432 500.663
201703 367.956 243.801 498.373
201706 395.783 244.955 533.538
201709 418.450 246.819 559.834
201712 408.331 246.524 546.950
201803 419.969 249.554 555.708
201806 421.901 251.989 552.870
201809 429.798 252.439 562.215
201812 428.151 251.233 562.749
201903 432.288 254.202 561.550
201906 428.685 256.143 552.650
201909 434.981 256.759 559.421
201912 449.423 256.974 577.511
202003 463.615 258.115 593.114
202006 465.577 257.797 596.359
202009 486.170 260.280 616.796
202012 504.135 260.474 639.112
202103 486.489 264.877 606.489
202106 516.393 271.696 627.612
202109 522.704 274.310 629.228
202112 540.078 278.802 639.668
202203 540.350 287.504 620.620
202206 572.091 296.311 637.546
202209 608.451 296.808 676.931
202212 593.673 296.797 660.514
202303 613.303 301.836 670.962
202306 631.707 305.109 683.683
202309 635.457 307.789 681.753
202312 656.221 306.746 706.424
202403 675.441 312.332 714.110
202406 666.302 314.175 700.315
202409 789.989 315.301 827.351
202412 531.019 315.605 555.598
202503 526.717 319.799 543.869
202506 545.906 322.561 558.856
202509 555.102 324.800 564.353
202512 586.709 324.054 597.860
202603 621.083 330.213 621.083

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 ₸600.79 mean?
Bayan Sulu JSC (XKAZ:BSUL) has a Cyclically Adjusted Book per Share of ₸600.79 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 Bayan Sulu JSC and its competitors.
Is Bayan Sulu JSC's Cyclically Adjusted Book per Share too high?
Bayan Sulu JSC's current Cyclically Adjusted Book per Share is ₸600.79. Overall, Bayan Sulu JSC has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bayan Sulu JSC's Cyclically Adjusted Book per Share compare to MDLZ and HSY?
Bayan Sulu JSC's Cyclically Adjusted Book per Share of ₸600.79 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 Bayan Sulu JSC and its competitors. Bayan Sulu JSC's current Cyclically Adjusted Book per Share is ₸600.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bayan Sulu JSC stock overvalued right now?
Based on GuruFocus' analysis, Bayan Sulu JSC (XKAZ:BSUL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₸265.73, compared to a current price of ₸439.00 — trading 65.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₸600.79. Bayan Sulu JSC's overall GF Score™ is 57/100 with 4 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 Bayan Sulu JSC (XKAZ:BSUL), the current Cyclically Adjusted Book per Share is ₸600.79 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 Bayan Sulu JSC (XKAZ:BSUL) Overvalued in 2026?

Based on GuruFocus' analysis, Bayan Sulu JSC stock appears to be overvalued. The current stock price of ₸439.00 is trading 65.2% above its estimated GF Value™ of ₸265.73. GuruFocus considers Bayan Sulu JSC to be Significantly Overvalued.

Key valuation signals for XKAZ:BSUL:

  • Cyclically Adjusted Book per Share: ₸600.79
  • GF Value™: ₸265.73 vs. price of ₸439.00 (65.2% above fair value)
  • GF Score™: 57/100 with 4 warning signs

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


Bayan Sulu JSC Business Description

Address 198 Borodin Street, Kostanay, KAZ, 110006
Bayan Sulu JSC is a Kazakhstan-based company mainly engaged in the production, wholesale, and retail sale of confectionery products. Additionally, it also trades in other goods, including flour, wheat, sugar, etc. The company's product offerings include biscuits, chocolates, pastries, waffles, marshmallows, and other confectionery items. It operates in two segments: production and sale of confectionery products, which generate maximum revenue; and the sale of goods purchased from related parties (flour, wheat, etc). Geographically, the company generates maximum revenue from Kazakhstan, followed by Russia, Afghanistan, Tajikistan, Uzbekistan, and other countries.
57GF Score

Get the complete analysis for XKAZ:BSUL

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

₸439.00
Price
₸265.73
GF Value