Societe des Boissons du Maroc (CAS:SBM) Cyclically Adjusted PB Ratio: 3.30 (As of Jul. 22, 2026) — 17% Below Median

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CAS:SBM Societe des Boissons du Maroc CAS:SBM
84 GF Score
Price MAD2,130.00
GF Value MAD2,572.80
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Societe des Boissons du Maroc Cyclically Adjusted PB Ratio?

Societe des Boissons du Maroc CAS:SBM 84 Cyclically Adjusted PB Ratio is 3.30 as of Jul. 22, 2026, which is 17% below its 10-year median of 3.97. GuruFocus rates CAS:SBM with a GF Score™ of 84/100 and a GF Value™ of MAD2,572.80 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 170 Beverages - Alcoholic companies, Societe des Boissons du Maroc ranks worse than 80% on this metric.

As of today (2026-07-22), Societe des Boissons du Maroc's current share price is MAD2130.00. Societe des Boissons du Maroc's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was MAD644.66. Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio for today is 3.30.

The historical rank and industry rank for Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio or its related term are showing as below:

CAS:SBM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.02   Med: 3.97   Max: 5.3
Current: 3.3

During the past 13 years, Societe des Boissons du Maroc's highest Cyclically Adjusted PB Ratio was 5.30. The lowest was 3.02. And the median was 3.97.

CAS:SBM's Cyclically Adjusted PB Ratio is ranked worse than
80% of 170 companies
in the Beverages - Alcoholic industry
Industry Median: 1.545 vs CAS:SBM: 3.30

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.

Societe des Boissons du Maroc's adjusted book value per share data of for the fiscal year that ended in Dec25 was MAD557.724. 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 MAD644.66 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Societe des Boissons du Maroc  (CAS:SBM) 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.


Societe des Boissons du Maroc Cyclically Adjusted PB Ratio Related Terms


Societe des Boissons du Maroc Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Societe des Boissons du Maroc'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.

Societe des Boissons du Maroc Cyclically Adjusted PB Ratio Chart

Societe des Boissons du Maroc 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 4.82 3.89 3.56 3.70 3.55

Societe des Boissons du Maroc Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.56 0.00 3.70 0.00 3.55

CAS:SBM vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Societe des Boissons du Maroc'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.


Societe des Boissons du Maroc Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio falls into.


CAS:SBM
84GF Score
Societe des Boissons du Maroc CAS:SBM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Societe des Boissons du Maroc 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.

Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2130.00/644.66
=3.30

* 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.

Societe des Boissons du Maroc's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Societe des Boissons du Maroc's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=557.724/324.0540*324.0540
=557.724

Current CPI (Dec25) = 324.0540.

Societe des Boissons du Maroc Annual Data

Book Value per Share CPI Adj_Book
201612 0.000 241.432 0.000
201712 585.226 246.524 769.275
201812 563.403 251.233 726.708
201912 567.464 256.974 715.594
202012 512.549 260.474 637.659
202112 513.924 278.802 597.338
202212 541.837 296.797 591.598
202312 620.269 306.746 655.267
202412 536.387 315.605 550.747
202512 557.724 324.054 557.724

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 3.30 mean?
Societe des Boissons du Maroc (CAS:SBM) has a Cyclically Adjusted PB Ratio of 3.30 as of Jul. 22, 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 Societe des Boissons du Maroc and its competitors. This is 17% below median its historical median of 3.97. Over the past decade, Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio has ranged from 3.02 to 5.30. According to the industry distribution chart, Societe des Boissons du Maroc ranks #136 out of 170 companies in the Beverages - Alcoholic industry, placing it in the top 80%.
Is Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio too high?
Societe des Boissons du Maroc's current Cyclically Adjusted PB Ratio of 3.30 is 17% below median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 5.30. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.55. Societe des Boissons du Maroc's value of 3.30 is 113.6% above this industry median. Based on the distribution chart, Societe des Boissons du Maroc ranks #136 out of 170 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Societe des Boissons du Maroc has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Societe des Boissons du Maroc's Cyclically Adjusted PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Societe des Boissons du Maroc ranks #136 out of 170 companies for Cyclically Adjusted PB Ratio. This places Societe des Boissons du Maroc in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Societe des Boissons du Maroc's value of 3.30 is 113.6% above this benchmark. Historically, Societe des Boissons du Maroc's own Cyclically Adjusted PB Ratio has ranged from 3.02 to 5.30 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 1.55, Societe des Boissons du Maroc 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.55, based on 170 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. Societe des Boissons du Maroc's current Cyclically Adjusted PB Ratio of 3.30 is 113.6% 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 Societe des Boissons du Maroc and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe des Boissons du Maroc's current Cyclically Adjusted PB Ratio is 3.30, which is 17% below median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe des Boissons du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Societe des Boissons du Maroc (CAS:SBM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD2,572.80, compared to a current price of MAD2,130.00 — trading 17.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.30, which is 17% below median its 10-year median of 3.97 and 113.6% above the Beverages - Alcoholic industry median of 1.55. Societe des Boissons du Maroc's overall GF Score™ is 84/100 with 2 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 Societe des Boissons du Maroc (CAS:SBM), the current Cyclically Adjusted PB Ratio is 3.30 as of Jul. 22, 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 Societe des Boissons du Maroc (CAS:SBM) Overvalued in 2026?

Based on GuruFocus' analysis, Societe des Boissons du Maroc stock appears to be undervalued. The current stock price of MAD2,130.00 is trading 17.2% below its estimated GF Value™ of MAD2,572.80. GuruFocus considers Societe des Boissons du Maroc to be Modestly Undervalued.

Key valuation signals for CAS:SBM:

  • Cyclically Adjusted PB Ratio: 3.30 (17% below median its 10-year median of 3.97)
  • GF Value™: MAD2,572.80 vs. price of MAD2,130.00 (17.2% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 113.6% above the Beverages - Alcoholic median (#136 of 170)

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


Societe des Boissons du Maroc Business Description

Address No. 38 Boulevard Ain Ifrane, Lot Alamia, Sidi Moumen, Casablanca, MAR, 20400
Societe des Boissons du Maroc is a Morocco-based company engaged in the business of manufacturing wine, beer, soft drinks and mineral water.
84GF Score

Get the complete analysis for CAS:SBM

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

MAD2,130.00
Price
MAD2,572.80
GF Value