The Kraft Heinz Co (BSP:KHCB34) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:KHCB34 The Kraft Heinz Co BSP:KHCB34
62 GF Score
Price R$34.00
GF Value R$38.69
Valuation Modestly Undervalued
! 5 Warning Signs
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What is The Kraft Heinz Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Kraft Heinz Co  (BSP:KHCB34) 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 Kraft Heinz Co Cyclically Adjusted PB Ratio Related Terms


The Kraft Heinz Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Kraft Heinz 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.

The Kraft Heinz Co Cyclically Adjusted PB Ratio Chart

The Kraft Heinz Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 1.00 0.82 0.62 0.48

The Kraft Heinz Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 0.50 0.50 0.48 0.44 0.00

BSP:KHCB34 vs GIS, HRL, MKC: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, The Kraft Heinz 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 Kraft Heinz Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kraft Heinz Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Kraft Heinz Co's Cyclically Adjusted PB Ratio falls into.


BSP:KHCB34
62GF Score
The Kraft Heinz Co BSP:KHCB34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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The Kraft Heinz 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 Kraft Heinz Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, The Kraft Heinz Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=38.891/333.9520*333.9520
=38.891

Current CPI (Jun. 2026) = 333.9520.

The Kraft Heinz Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.903 241.428 35.830
201612 39.536 241.432 54.687
201703 37.074 243.801 50.783
201706 39.450 244.955 53.783
201709 37.780 246.819 51.117
201712 44.508 246.524 60.292
201803 44.550 249.554 59.617
201806 50.793 251.989 67.314
201809 55.096 252.439 72.887
201812 41.108 251.233 54.643
201903 40.692 254.202 53.458
201906 40.724 256.143 53.095
201909 43.585 256.759 56.689
201912 43.384 256.974 56.380
202003 50.990 258.115 65.971
202006 52.011 257.797 67.375
202009 54.329 260.280 69.707
202012 52.707 260.474 67.575
202103 57.921 264.877 73.026
202106 51.392 271.696 63.168
202109 53.875 274.310 65.589
202112 56.939 278.802 68.202
202203 50.418 287.504 58.563
202206 50.267 296.311 56.653
202209 51.440 296.808 57.877
202212 52.112 296.797 58.636
202303 52.164 301.836 57.714
202306 49.223 305.109 53.876
202309 49.584 307.789 53.799
202312 49.809 306.746 54.227
202403 50.785 312.332 54.300
202406 54.457 314.175 57.885
202409 55.338 315.301 58.611
202412 62.778 315.605 66.427
202503 59.831 319.799 62.479
202506 48.430 322.561 50.140
202509 46.953 324.800 48.276
202512 48.009 324.054 49.475
202603 46.214 330.213 46.737
202606 38.891 333.952 38.891

Add all the adjusted book value per share together and divide the count will get our 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.

Is The Kraft Heinz Co (BSP:KHCB34) Overvalued in 2026?

Based on GuruFocus' analysis, The Kraft Heinz Co stock appears to be undervalued. The current stock price of R$34.00 is trading 12.1% below its estimated GF Value™ of R$38.69. GuruFocus considers The Kraft Heinz Co to be Modestly Undervalued.

Key valuation signals for BSP:KHCB34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$38.69 vs. price of R$34.00 (12.1% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the BSP:KHCB34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Kraft Heinz Co Business Description

Address One PPG Place, Pittsburgh, PA, USA, 15222
In July 2015, Kraft merged with Heinz to create one of North America's largest food and beverage manufacturers. Beyond its namesake brands, its portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm also maintains a growing foodservice presence. Outside North America, Kraft Heinz's global reach encompasses a distribution network in Europe and emerging markets, which accounts for around 25% of its consolidated sales base. The company's products are sold in more than 190 countries and territories.
62GF Score

Get the complete analysis for BSP:KHCB34

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

R$34.00
Price
R$38.69
GF Value