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PepsiCo (BUE:PEP) Cyclically Adjusted PB Ratio : 9.64 (As of Jun. 02, 2025)


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What is PepsiCo Cyclically Adjusted PB Ratio?

As of today (2025-06-02), PepsiCo's current share price is ARS8820.00. PepsiCo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ARS914.83. PepsiCo's Cyclically Adjusted PB Ratio for today is 9.64.

The historical rank and industry rank for PepsiCo's Cyclically Adjusted PB Ratio or its related term are showing as below:

BUE:PEP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.12   Med: 10.89   Max: 15.36
Current: 10.54

During the past years, PepsiCo's highest Cyclically Adjusted PB Ratio was 15.36. The lowest was 7.12. And the median was 10.89.

BUE:PEP's Cyclically Adjusted PB Ratio is ranked worse than
89.47% of 76 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.47 vs BUE:PEP: 10.54

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.

PepsiCo's adjusted book value per share data for the three months ended in Mar. 2025 was ARS28,555.504. 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 ARS914.83 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PepsiCo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PepsiCo'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.

* Premium members only.

PepsiCo Cyclically Adjusted PB Ratio Chart

PepsiCo Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.19 14.03 14.21 13.59 12.33

PepsiCo Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 13.91 13.20 13.73 12.33 12.02

Competitive Comparison of PepsiCo's Cyclically Adjusted PB Ratio

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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PepsiCo 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.

PepsiCo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8820.00/914.83
=9.64

* 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.

PepsiCo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PepsiCo's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=28555.504/134.9266*134.9266
=28,555.504

Current CPI (Mar. 2025) = 134.9266.

PepsiCo Quarterly Data

Book Value per Share CPI Adj_Book
201506 201.537 100.684 270.080
201509 173.221 100.392 232.810
201512 212.415 99.792 287.201
201603 223.850 100.470 300.619
201606 237.153 101.688 314.671
201609 261.290 101.861 346.109
201612 245.425 101.863 325.088
201703 248.569 102.862 326.053
201706 285.990 103.349 373.372
201709 326.629 104.136 423.207
201712 291.750 104.011 378.468
201803 309.065 105.290 396.061
201806 356.593 106.317 452.552
201809 536.304 106.507 679.410
201812 777.007 105.998 989.066
201903 790.821 107.251 994.893
201906 891.682 108.070 1,113.280
201909 1,133.331 108.329 1,411.588
201912 1,270.758 108.420 1,581.432
202003 1,203.403 108.902 1,490.990
202006 1,235.179 108.767 1,532.248
202009 1,448.639 109.815 1,779.904
202012 1,586.792 109.897 1,948.195
202103 1,818.640 111.754 2,195.734
202106 2,097.185 114.631 2,468.486
202109 2,244.909 115.734 2,617.184
202112 2,342.997 117.630 2,687.528
202203 2,824.257 121.301 3,141.502
202206 3,235.285 125.017 3,491.739
202209 3,827.880 125.227 4,124.389
202212 4,175.788 125.222 4,499.415
202303 4,886.280 127.348 5,177.075
202306 6,166.587 128.729 6,463.490
202309 9,573.543 129.860 9,947.101
202312 9,722.828 129.419 10,136.565
202403 23,341.233 131.776 23,899.257
202406 25,355.632 132.554 25,809.514
202409 26,953.660 133.029 27,338.163
202412 26,562.016 133.157 26,914.994
202503 28,555.504 134.927 28,555.504

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.


PepsiCo  (BUE:PEP) 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.


PepsiCo Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PepsiCo's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PepsiCo Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.