BYCBF (Barry Callebaut AG) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BYCBF Barry Callebaut AG BYCBF
67 GF Score
Price $1,348.67
GF Value $2,417.99
Valuation Possible Value Trap
! 6 Warning Signs
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What is Barry Callebaut AG Cyclically Adjusted PB Ratio?

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 6.39 4.78 3.68 3.24 2.60

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 3.05 3.30 2.35 2.65 3.60

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
67GF 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 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)
=599.631/107.9500*107.9500
=599.631

Current CPI (Aug25) = 107.9500.

Barry Callebaut AG Annual Data

Book Value per Share CPI Adj_Book
201608 366.257 99.544 397.188
201708 403.917 100.004 436.011
201808 431.473 101.185 460.319
201908 445.335 101.507 473.602
202008 477.656 100.628 512.413
202108 534.813 101.515 568.715
202208 543.193 105.019 558.352
202308 599.253 106.652 606.548
202408 611.098 107.783 612.048
202508 599.631 107.950 599.631

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 Barry Callebaut AG (BYCBF) Overvalued in 2026?

Based on GuruFocus' analysis, Barry Callebaut AG stock appears to be undervalued. The current stock price of $1,348.67 is trading 44.2% below its estimated GF Value™ of $2,417.99. GuruFocus considers Barry Callebaut AG to be Possible Value Trap.

Key valuation signals for BYCBF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2,417.99 vs. price of $1,348.67 (44.2% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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.
67GF 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.

$1,348.67
Price
$2,417.99
GF Value