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The a2 Milk CoACOPF 88 Cyclically Adjusted PB Ratio is 5.73 as of Jul. 16, 2026, which is 55% below its 10-year median of 12.64. GuruFocus rates ACOPF with a GF Score™ of 88/100 and a GF Value™ of $4.46 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, The a2 Milk Co ranks worse than 90.57% on this metric.
The historical rank and industry rank for The a2 Milk Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
ACOPF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.02 Med: 12.64 Max: 159.25
Current: 5.35
During the past 13 years, The a2 Milk Co's highest Cyclically Adjusted PB Ratio was 159.25. The lowest was 4.02. And the median was 12.64.
ACOPF's Cyclically Adjusted PB Ratio is ranked worse than 90.57% of 1442
companies
in the Consumer Packaged Goods industry
Industry Median: 1.25
vs ACOPF: 5.35
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.
The a2 Milk Co's adjusted book value per share data of for the fiscal year that ended in Jun25 was $1.209. 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 $0.82 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
The a2 Milk Co (OTCPK:ACOPF) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
The a2 Milk Co Cyclically Adjusted PB Ratio Related Terms
The a2 Milk Co Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for The a2 Milk Co's Cyclically Adjusted PB Ratio 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.
ACOPF vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison
For the Packaged Foods subindustry, The a2 Milk 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.
The a2 Milk Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where The a2 Milk Co's Cyclically Adjusted PB Ratio falls into.
The a2 Milk Co Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
The a2 Milk Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 5.73 mean?
The a2 Milk Co (ACOPF) has a Cyclically Adjusted PB Ratio of 5.73 as of Jul. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on The a2 Milk Co and its competitors. This is 55% below median its historical median of 12.64. Over the past decade, The a2 Milk Co's Cyclically Adjusted PB Ratio has ranged from 4.02 to 159.25. According to the industry distribution chart, The a2 Milk Co ranks #1306 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 90.6%.
Is The a2 Milk Co's Cyclically Adjusted PB Ratio too high?
The a2 Milk Co's current Cyclically Adjusted PB Ratio of 5.73 is 55% below median its 10-year median of 12.64. Over the past 10 years, this metric has ranged from a low of 4.02 to a high of 159.25. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. The a2 Milk Co's value of 5.73 is 358.4% above this industry median. Based on the distribution chart, The a2 Milk Co ranks #1306 out of 1442 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, The a2 Milk Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The a2 Milk Co ranks #1306 out of 1442 companies for Cyclically Adjusted PB Ratio. This places The a2 Milk Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. The a2 Milk Co's value of 5.73 is 358.4% above this benchmark. Historically, The a2 Milk Co's own Cyclically Adjusted PB Ratio has ranged from 4.02 to 159.25 over the past decade. While the company's 10-year median is 12.64 vs. the industry median of 1.25, The a2 Milk Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,442 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The a2 Milk Co's current Cyclically Adjusted PB Ratio of 5.73 is 358.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on The a2 Milk Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The a2 Milk Co's current Cyclically Adjusted PB Ratio is 5.73, which is 55% below median its own 10-year median of 12.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The a2 Milk Co stock overvalued right now?
Based on GuruFocus' analysis, The a2 Milk Co (ACOPF) is currently considered Fairly Valued. The stock's GF Value™ is $4.46, compared to a current price of $4.70 — trading 5.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.73, which is 55% below median its 10-year median of 12.64 and 358.4% above the Consumer Packaged Goods industry median of 1.25. The a2 Milk Co's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For The a2 Milk Co (ACOPF), the current Cyclically Adjusted PB Ratio is 5.73 as of Jul. 16, 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 The a2 Milk Co (ACOPF) Overvalued in 2026?
Based on GuruFocus' analysis, The a2 Milk Co stock appears to be overvalued.
The current stock price of $4.70 is trading 5.4% above its estimated GF Value™ of $4.46.
GuruFocus considers The a2 Milk Co to be Fairly Valued.
Key valuation signals for ACOPF:
Cyclically Adjusted PB Ratio: 5.73 (55% below median its 10-year median of 12.64)
GF Value™: $4.46 vs. price of $4.70 (5.4% above fair value)
Industry Position: 358.4% above the Consumer Packaged Goods median (#1306 of 1442)
No single metric tells the full story. See the ACOPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.
88GF Score
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