BYCBF (Barry Callebaut AG) Cyclically Adjusted PB Ratio: 2.32 (As of Jul. 11, 2026) — 55% Below Median


BYCBF Barry Callebaut AG BYCBF
75 GF Score
Price $1,387.89
GF Value $2,455.10
Valuation Possible Value Trap
! 6 Warning Signs
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What is Barry Callebaut AG Cyclically Adjusted PB Ratio?

Barry Callebaut AG BYCBF 75 Cyclically Adjusted PB Ratio is 2.32 as of Jul. 11, 2026, which is 55% below its 10-year median of 5.14. GuruFocus rates BYCBF with a GF Score™ of 75/100 and a GF Value™ of $2,455.10 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, Barry Callebaut AG ranks worse than 73.44% on this metric.

As of today (2026-07-11), Barry Callebaut AG's current share price is $1387.8875. Barry Callebaut AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 was $598.53. Barry Callebaut AG's Cyclically Adjusted PB Ratio for today is 2.32.

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

BYCBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.61   Med: 5.14   Max: 7.18
Current: 2.31

During the past 13 years, Barry Callebaut AG's highest Cyclically Adjusted PB Ratio was 7.18. The lowest was 1.61. And the median was 5.14.

BYCBF's Cyclically Adjusted PB Ratio is ranked worse than
73.44% of 1442 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs BYCBF: 2.31

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.

Barry Callebaut AG's adjusted book value per share data of for the fiscal year that ended in Aug25 was $593.511. 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 $598.53 for the trailing ten years ended in Aug25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barry Callebaut AG  (OTCPK:BYCBF) 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.


Barry Callebaut AG Cyclically Adjusted PB Ratio Related Terms


Barry Callebaut AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Barry Callebaut AG'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.

Barry Callebaut AG Cyclically Adjusted PB Ratio Chart

Barry Callebaut AG Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.24 4.84 3.50 2.97 2.27

Barry Callebaut AG Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 2.97 0.00 2.27 0.00

BYCBF vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Barry Callebaut AG'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.


Barry Callebaut AG Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Barry Callebaut AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BYCBF
75GF Score
Barry Callebaut AG BYCBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Barry Callebaut AG 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.

Barry Callebaut AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1387.8875/598.53
=2.32

* 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.

Barry Callebaut AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 is calculated as:

For example, Barry Callebaut AG's adjusted Book Value per Share data for the fiscal year that ended in Aug25 was:

Adj_Book=Book Value per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=593.511/107.9500*107.9500
=593.511

Current CPI (Aug25) = 107.9500.

Barry Callebaut AG Annual Data

Book Value per Share CPI Adj_Book
201608 359.143 99.544 389.473
201708 399.321 100.004 431.049
201808 419.533 101.185 447.581
201908 447.519 101.507 475.925
202008 472.342 100.628 506.713
202108 535.130 101.515 569.052
202208 553.226 105.019 568.664
202308 602.364 106.652 609.697
202408 603.856 107.783 604.794
202508 593.511 107.950 593.511

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.

What does a Cyclically Adjusted PB Ratio of 2.32 mean?
Barry Callebaut AG (BYCBF) has a Cyclically Adjusted PB Ratio of 2.32 as of Jul. 11, 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 Barry Callebaut AG and its competitors. This is 55% below median its historical median of 5.14. Over the past decade, Barry Callebaut AG's Cyclically Adjusted PB Ratio has ranged from 1.61 to 7.18. According to the industry distribution chart, Barry Callebaut AG ranks #1059 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 73.4%.
Is Barry Callebaut AG's Cyclically Adjusted PB Ratio too high?
Barry Callebaut AG's current Cyclically Adjusted PB Ratio of 2.32 is 55% below median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 7.18. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Barry Callebaut AG's value of 2.32 is 82.7% above this industry median. Based on the distribution chart, Barry Callebaut AG ranks #1059 out of 1442 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Barry Callebaut AG has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Barry Callebaut AG's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Barry Callebaut AG ranks #1059 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Barry Callebaut AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Barry Callebaut AG's value of 2.32 is 82.7% above this benchmark. Historically, Barry Callebaut AG's own Cyclically Adjusted PB Ratio has ranged from 1.61 to 7.18 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 1.27, Barry Callebaut AG 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 1.27, 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. Barry Callebaut AG's current Cyclically Adjusted PB Ratio of 2.32 is 82.7% 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 Barry Callebaut AG and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Barry Callebaut AG's current Cyclically Adjusted PB Ratio is 2.32, which is 55% below median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barry Callebaut AG stock overvalued right now?
Based on GuruFocus' analysis, Barry Callebaut AG (BYCBF) is currently considered Possible Value Trap. The stock's GF Value™ is $2,455.10, compared to a current price of $1,387.89 — trading 43.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is 55% below median its 10-year median of 5.14 and 82.7% above the Consumer Packaged Goods industry median of 1.27. Barry Callebaut AG's overall GF Score™ is 75/100 with 6 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 Barry Callebaut AG (BYCBF), the current Cyclically Adjusted PB Ratio is 2.32 as of Jul. 11, 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 Barry Callebaut AG (BYCBF) Overvalued in 2026?

Based on GuruFocus' analysis, Barry Callebaut AG stock appears to be undervalued. The current stock price of $1,387.89 is trading 43.5% below its estimated GF Value™ of $2,455.10. GuruFocus considers Barry Callebaut AG to be Possible Value Trap.

Key valuation signals for BYCBF:

  • Cyclically Adjusted PB Ratio: 2.32 (55% below median its 10-year median of 5.14)
  • GF Value™: $2,455.10 vs. price of $1,387.89 (43.5% below fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 82.7% above the Consumer Packaged Goods median (#1059 of 1442)

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


Barry Callebaut AG Business Description

Address Hardturmstrasse 181, Zurich, CHE, 8005
Barry Callebaut is the leading global manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage manufacturers as well as artisans, chocolatiers, pastry chefs, and bakers who use chocolate professionally. Barry Callebaut is vertically integrated, from raw material (cocoa bean) procurement through to chocolate manufacturing, without owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods.
75GF Score

Get the complete analysis for BYCBF

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

$1,387.89
Price
$2,455.10
GF Value