United Natural Foods (BSP:U2NF34) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:U2NF34 United Natural Foods Inc BSP:U2NF34
32 GF Score
Price R$61.98
GF Value R$27.17
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is United Natural Foods Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Natural Foods  (BSP:U2NF34) 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.


United Natural Foods Cyclically Adjusted PB Ratio Related Terms


United Natural Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for United Natural Foods'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.

United Natural Foods Cyclically Adjusted PB Ratio Chart

United Natural Foods Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.31 0.62 0.45 0.80

United Natural Foods Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.78 0.80 1.10 1.10 1.46

BSP:U2NF34 vs ANDE, CHEF, AVO: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, United Natural Foods'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.


United Natural Foods Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, United Natural Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Natural Foods's Cyclically Adjusted PB Ratio falls into.


BSP:U2NF34
32GF Score
United Natural Foods Inc BSP:U2NF34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Natural Foods 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.

United Natural Foods's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, United Natural Foods's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=132.523/333.0200*333.0200
=132.523

Current CPI (Apr. 2026) = 333.0200.

United Natural Foods Quarterly Data

Book Value per Share CPI Adj_Book
201607 98.864 240.628 136.824
201610 97.770 241.729 134.694
201701 100.273 242.839 137.511
201704 101.048 244.524 137.618
201707 106.300 244.786 144.616
201710 107.335 246.663 144.913
201801 111.795 247.867 150.201
201804 122.479 250.546 162.796
201807 139.958 252.006 184.951
201810 135.603 252.885 178.573
201901 109.193 251.712 144.465
201904 116.853 255.548 152.278
201907 107.672 256.571 139.754
201910 85.956 257.346 111.232
202001 85.416 257.971 110.265
202004 113.759 256.389 147.760
202007 110.405 259.101 141.902
202010 115.256 260.388 147.405
202101 117.599 261.582 149.715
202104 128.730 267.054 160.528
202107 138.636 273.003 169.114
202110 151.559 276.589 182.481
202201 160.009 281.148 189.531
202204 145.328 289.109 167.401
202207 164.913 296.276 185.365
202210 160.895 298.012 179.796
202301 160.470 299.170 178.627
202304 156.158 303.363 171.424
202307 143.030 305.691 155.817
202310 144.612 307.671 156.527
202401 140.075 308.417 151.249
202404 144.933 313.548 153.934
202407 152.897 314.540 161.880
202410 152.651 315.664 161.044
202501 161.450 317.671 169.251
202504 155.273 320.795 161.190
202507 141.697 323.048 146.071
202510 136.674 0.000
202601 136.008 325.252 139.256
202604 132.523 333.020 132.523

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 United Natural Foods (BSP:U2NF34) Overvalued in 2026?

Based on GuruFocus' analysis, United Natural Foods stock appears to be overvalued. The current stock price of R$61.98 is trading 128.1% above its estimated GF Value™ of R$27.17. GuruFocus considers United Natural Foods to be Significantly Overvalued.

Key valuation signals for BSP:U2NF34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$27.17 vs. price of R$61.98 (128.1% above fair value)
  • GF Score™: 32/100 with 5 warning signs

No single metric tells the full story. See the BSP:U2NF34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Natural Foods Business Description

Other Exchanges UNFI:USAUN3:Germany
Address 15 Park Row West, Suite 302, Providence, RI, USA, 02903
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
32GF Score

Get the complete analysis for BSP:U2NF34

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

R$61.98
Price
R$27.17
GF Value