Atlantic Grupa DD (ZAG:ATGR) Cyclically Adjusted Book per Share: €33.96 (As of Mar. 2026)

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ZAG:ATGR Atlantic Grupa DD ZAG:ATGR
94 GF Score
Price €51.00
GF Value €61.09
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Atlantic Grupa DD Cyclically Adjusted Book per Share?

Atlantic Grupa DD ZAG:ATGR +0.99% 94 Cyclically Adjusted Book per Share is €33.96 as of Mar. 2026. GuruFocus rates ZAG:ATGR with a GF Score™ of 94/100 and a GF Value™ of €61.09 (Modestly Undervalued). The stock has 7 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.

Atlantic Grupa DD's adjusted book value per share for the three months ended in Mar. 2026 was €36.447. 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 €33.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Atlantic Grupa DD's average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.90% 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 Atlantic Grupa DD was 10.90% per year. The lowest was 7.00% per year. And the median was 8.30% per year.

As of today (2026-07-17), Atlantic Grupa DD's current stock price is €51.00. Atlantic Grupa DD's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €33.96. Atlantic Grupa DD's Cyclically Adjusted PB Ratio of today is 1.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Atlantic Grupa DD was 18.97. The lowest was 1.27. And the median was 1.85.


Atlantic Grupa DD  (ZAG:ATGR) 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.

Atlantic Grupa DD's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=51.00/33.96
=1.50

* 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 Atlantic Grupa DD was 18.97. The lowest was 1.27. And the median was 1.85.


Be Aware

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


Atlantic Grupa DD Cyclically Adjusted Book per Share Related Terms


Atlantic Grupa DD Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Atlantic Grupa DD'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.

Atlantic Grupa DD Cyclically Adjusted Book per Share Chart

Atlantic Grupa DD 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 24.64 27.00 29.21 31.28 33.09

Atlantic Grupa DD 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 31.98 32.48 32.93 33.09 33.96

ZAG:ATGR vs KHC, GIS, HRL: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Atlantic Grupa DD'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.


Atlantic Grupa DD Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


ZAG:ATGR
94GF Score
Atlantic Grupa DD ZAG:ATGR
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atlantic Grupa DD 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, Atlantic Grupa DD'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)
=36.447/330.2130*330.2130
=36.447

Current CPI (Mar. 2026) = 330.2130.

Atlantic Grupa DD Quarterly Data

Book Value per Share CPI Adj_Book
201606 19.668 241.018 26.947
201609 20.651 241.428 28.245
201612 20.013 241.432 27.372
201703 20.288 243.801 27.479
201706 20.945 244.955 28.235
201709 22.008 246.819 29.444
201712 22.685 246.524 30.386
201803 23.029 249.554 30.472
201806 23.583 251.989 30.904
201809 25.046 252.439 32.762
201812 24.181 251.233 31.783
201903 24.895 254.202 32.339
201906 25.144 256.143 32.415
201909 26.611 256.759 34.224
201912 26.853 256.974 34.506
202003 27.553 258.115 35.249
202006 27.395 257.797 35.090
202009 29.016 260.280 36.812
202012 28.651 260.474 36.322
202103 29.648 264.877 36.961
202106 29.679 271.696 36.071
202109 31.612 274.310 38.054
202112 30.866 278.802 36.558
202203 31.613 287.504 36.309
202206 31.418 296.311 35.013
202209 31.834 296.808 35.417
202212 31.916 296.797 35.509
202303 32.586 301.836 35.650
202306 32.464 305.109 35.135
202309 34.004 307.789 36.481
202312 33.506 306.746 36.069
202403 34.199 312.332 36.157
202406 34.015 314.175 35.751
202409 35.552 315.301 37.233
202412 34.758 315.605 36.367
202503 35.096 319.799 36.239
202506 33.526 322.561 34.321
202509 35.097 324.800 35.682
202512 35.373 324.054 36.045
202603 36.447 330.213 36.447

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 €33.96 mean?
Atlantic Grupa DD (ZAG:ATGR) has a Cyclically Adjusted Book per Share of €33.96 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 Atlantic Grupa DD and its competitors.
Is Atlantic Grupa DD's Cyclically Adjusted Book per Share too high?
Atlantic Grupa DD's current Cyclically Adjusted Book per Share is €33.96. Overall, Atlantic Grupa DD has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atlantic Grupa DD's Cyclically Adjusted Book per Share compare to KHC and GIS?
Atlantic Grupa DD's Cyclically Adjusted Book per Share of €33.96 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 Atlantic Grupa DD and its competitors. Atlantic Grupa DD's current Cyclically Adjusted Book per Share is €33.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlantic Grupa DD stock overvalued right now?
Based on GuruFocus' analysis, Atlantic Grupa DD (ZAG:ATGR) is currently considered Modestly Undervalued. The stock's GF Value™ is €61.09, compared to a current price of €51.00 — trading 16.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is €33.96. Atlantic Grupa DD's overall GF Score™ is 94/100 with 7 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 Atlantic Grupa DD (ZAG:ATGR), the current Cyclically Adjusted Book per Share is €33.96 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 Atlantic Grupa DD (ZAG:ATGR) Overvalued in 2026?

Based on GuruFocus' analysis, Atlantic Grupa DD stock appears to be undervalued. The current stock price of €51.00 is trading 16.5% below its estimated GF Value™ of €61.09. GuruFocus considers Atlantic Grupa DD to be Modestly Undervalued.

Key valuation signals for ZAG:ATGR:

  • Cyclically Adjusted Book per Share: €33.96
  • GF Value™: €61.09 vs. price of €51.00 (16.5% below fair value)
  • GF Score™: 94/100 with 7 warning signs

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


Atlantic Grupa DD Business Description

Address Miramarska 23, Zagreb, HRV, 10000
Atlantic Grupa DD is a Croatia-based company engaged in the production and distribution of fast-moving consumer goods. The company's strategic business units include SBU Coffee, SBU Savoury Spreads, SBU Snacks, SBU Beverages, SBU Pharmacy business, and BU Donat. It generates the majority of the revenue from the sales made in the coffee strategic business unit. The distribution business is organized to cover markets including Croatia, Serbia, Slovenia, North Macedonia, Russia, and Austria.
94GF Score

Get the complete analysis for ZAG:ATGR

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

€51.00
Price
€61.09
GF Value