CBRL (Cracker Barrel Old Country Store) Cyclically Adjusted PB Ratio: 1.77 (As of Jul. 09, 2026) — 66% Below Median


CBRL Cracker Barrel Old Country Store Inc CBRL
63 GF Score
Price $49.55
GF Value $46.71
Valuation Fairly Valued
! 10 Warning Signs
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What is Cracker Barrel Old Country Store Cyclically Adjusted PB Ratio?

Cracker Barrel Old Country Store CBRL +1.89% 63 Cyclically Adjusted PB Ratio is 1.77 as of Jul. 09, 2026, which is 66% below its 10-year median of 5.19. GuruFocus rates CBRL with a GF Score™ of 63/100 and a GF Value™ of $46.71 (Fairly Valued). The stock has 10 warning signs investors should review. Among 254 Restaurants companies, Cracker Barrel Old Country Store ranks better than 51.97% on this metric.

As of today (2026-07-09), Cracker Barrel Old Country Store's current share price is $49.55. Cracker Barrel Old Country Store's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $27.93. Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio for today is 1.77.

The historical rank and industry rank for Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio or its related term are showing as below:

CBRL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 5.19   Max: 11.81
Current: 1.74

During the past years, Cracker Barrel Old Country Store's highest Cyclically Adjusted PB Ratio was 11.81. The lowest was 0.93. And the median was 5.19.

CBRL's Cyclically Adjusted PB Ratio is ranked better than
51.97% of 254 companies
in the Restaurants industry
Industry Median: 1.785 vs CBRL: 1.74

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.

Cracker Barrel Old Country Store's adjusted book value per share data for the three months ended in Apr. 2026 was $20.825. 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 $27.93 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cracker Barrel Old Country Store  (NAS:CBRL) 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.


Cracker Barrel Old Country Store Cyclically Adjusted PB Ratio Related Terms


Cracker Barrel Old Country Store Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cracker Barrel Old Country Store'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.

Cracker Barrel Old Country Store Cyclically Adjusted PB Ratio Chart

Cracker Barrel Old Country Store 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 5.49 3.44 3.30 1.62 2.21

Cracker Barrel Old Country Store 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 1.52 2.21 1.21 1.09 1.12

CBRL vs PZZA, BJRI, BH: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Cracker Barrel Old Country Store'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.


Cracker Barrel Old Country Store Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio falls into.


CBRL
63GF Score
Cracker Barrel Old Country Store Inc CBRL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cracker Barrel Old Country Store 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.

Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.55/27.93
=1.77

* 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.

Cracker Barrel Old Country Store's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Cracker Barrel Old Country Store'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)
=20.825/333.0200*333.0200
=20.825

Current CPI (Apr. 2026) = 333.0200.

Cracker Barrel Old Country Store Quarterly Data

Book Value per Share CPI Adj_Book
201607 21.975 240.628 30.413
201610 22.766 241.729 31.364
201701 24.195 242.839 33.180
201704 25.037 244.524 34.098
201707 22.635 244.786 30.794
201710 22.826 246.663 30.817
201801 25.647 247.867 34.458
201804 26.678 250.546 35.460
201807 24.229 252.006 32.018
201810 24.972 252.885 32.885
201901 26.148 251.712 34.594
201904 26.952 255.548 35.123
201907 25.145 256.571 32.637
201910 25.266 257.346 32.696
202001 26.310 257.971 33.964
202004 16.553 256.389 21.500
202007 17.656 259.101 22.693
202010 24.941 260.388 31.898
202101 25.654 261.582 32.660
202104 27.317 267.054 34.065
202107 28.243 273.003 34.452
202110 26.752 276.589 32.210
202201 25.984 281.148 30.778
202204 24.626 289.109 28.366
202207 22.956 296.276 25.803
202210 21.965 298.012 24.545
202301 21.963 299.170 24.448
202304 21.392 303.363 23.483
202307 21.839 305.691 23.791
202310 20.746 307.671 22.455
202401 20.808 308.417 22.468
202404 19.213 313.548 20.406
202407 19.824 314.540 20.989
202410 19.814 315.664 20.903
202501 20.703 317.671 21.703
202504 21.077 320.795 21.880
202507 20.733 323.048 21.373
202510 19.204 0.000
202601 19.052 325.252 19.507
202604 20.825 333.020 20.825

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 1.77 mean?
Cracker Barrel Old Country Store (CBRL) has a Cyclically Adjusted PB Ratio of 1.77 as of Jul. 09, 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 Cracker Barrel Old Country Store and its competitors. This is 66% below median its historical median of 5.19. Over the past decade, Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio has ranged from 0.93 to 11.81. According to the industry distribution chart, Cracker Barrel Old Country Store ranks #122 out of 254 companies in the Restaurants industry, placing it in the top 48%.
Is Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio too high?
Cracker Barrel Old Country Store's current Cyclically Adjusted PB Ratio of 1.77 is 66% below median its 10-year median of 5.19. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 11.81. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.79. Cracker Barrel Old Country Store's value of 1.77 is 0.8% below this industry median. Based on the distribution chart, Cracker Barrel Old Country Store ranks #122 out of 254 companies in the Restaurants industry, which is above the industry midpoint. Overall, Cracker Barrel Old Country Store has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cracker Barrel Old Country Store's Cyclically Adjusted PB Ratio compare to PZZA and BJRI?
According to the Restaurants industry distribution chart, Cracker Barrel Old Country Store ranks #122 out of 254 companies for Cyclically Adjusted PB Ratio. This puts Cracker Barrel Old Country Store in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Cracker Barrel Old Country Store's value of 1.77 is 0.8% below this benchmark. Historically, Cracker Barrel Old Country Store's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 11.81 over the past decade. While the company's 10-year median is 5.19 vs. the industry median of 1.79, Cracker Barrel Old Country Store has consistently been below 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.79, based on 254 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. Cracker Barrel Old Country Store's current Cyclically Adjusted PB Ratio of 1.77 is 0.8% below 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 Cracker Barrel Old Country Store and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cracker Barrel Old Country Store's current Cyclically Adjusted PB Ratio is 1.77, which is 66% below median its own 10-year median of 5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cracker Barrel Old Country Store stock overvalued right now?
Based on GuruFocus' analysis, Cracker Barrel Old Country Store (CBRL) is currently considered Fairly Valued. The stock's GF Value™ is $46.71, compared to a current price of $49.55 — trading 6.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is 66% below median its 10-year median of 5.19 and 0.8% below the Restaurants industry median of 1.79. Cracker Barrel Old Country Store's overall GF Score™ is 63/100 with 10 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 Cracker Barrel Old Country Store (CBRL), the current Cyclically Adjusted PB Ratio is 1.77 as of Jul. 09, 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 Cracker Barrel Old Country Store (CBRL) Overvalued in 2026?

Based on GuruFocus' analysis, Cracker Barrel Old Country Store stock appears to be overvalued. The current stock price of $49.55 is trading 6.1% above its estimated GF Value™ of $46.71. GuruFocus considers Cracker Barrel Old Country Store to be Fairly Valued.

Key valuation signals for CBRL:

  • Cyclically Adjusted PB Ratio: 1.77 (66% below median its 10-year median of 5.19)
  • GF Value™: $46.71 vs. price of $49.55 (6.1% above fair value)
  • GF Score™: 63/100 with 10 warning signs
  • Industry Position: 0.8% below the Restaurants median (#122 of 254)

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


Cracker Barrel Old Country Store Business Description

Other Exchanges OLD:Germany
Address 305 Hartmann Drive, Lebanon, TN, USA, 37087-4779
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. The Cracker Barrel stores consists of a restaurant with a gift shop. The restaurants serve breakfast, lunch and dinner. The gift shop offers a variety of decorative and functional items specializing in rocking chairs, holiday gifts, toys, apparel and foods.
63GF Score

Get the complete analysis for CBRL

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

$49.55
Price
$46.71
GF Value