Beiersdorf AG (CHIX:BEID) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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CHIX:BEID Beiersdorf AG CHIX:BEID
74 GF Score
Price €74.82
GF Value €122.72
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Beiersdorf AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Beiersdorf AG  (CHIX:BEId) 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.


Beiersdorf AG Cyclically Adjusted PB Ratio Related Terms


Beiersdorf AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beiersdorf 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.

Beiersdorf AG Cyclically Adjusted PB Ratio Chart

Beiersdorf AG 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 3.93 4.03 4.52 3.86 2.75

Beiersdorf AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 4.64 3.92 3.26 2.79 2.08

CHIX:BEID vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Beiersdorf 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.


Beiersdorf AG Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


CHIX:BEID
74GF Score
Beiersdorf AG CHIX:BEID
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Beiersdorf 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.

Beiersdorf AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Beiersdorf AG'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)
=39.437/129.3606*129.3606
=39.437

Current CPI (Dec25) = 129.3606.

Beiersdorf AG Annual Data

Book Value per Share CPI Adj_Book
201612 20.620 101.217 26.353
201712 22.595 102.617 28.484
201812 24.897 104.217 30.904
201912 26.863 105.818 32.840
202012 27.612 105.518 33.851
202112 30.385 110.384 35.609
202212 34.411 119.345 37.299
202312 36.765 123.773 38.425
202412 38.058 127.041 38.753
202512 39.437 129.361 39.437

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 Beiersdorf AG (CHIX:BEID) Overvalued in 2026?

Based on GuruFocus' analysis, Beiersdorf AG stock appears to be undervalued. The current stock price of €74.82 is trading 39% below its estimated GF Value™ of €122.72. GuruFocus considers Beiersdorf AG to be Significantly Undervalued.

Key valuation signals for CHIX:BEID:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €122.72 vs. price of €74.82 (39% below fair value)
  • GF Score™: 74/100 with 1 warning sign

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


Beiersdorf AG Business Description

Address Beiersdorfstrasse 1-9, Hamburg, DEU, 22529
Beiersdorf is a Germany-based company that produces personal care products, with a focus on manufacturing cosmetic products. The company operates through two business segments. The consumer segment concentrates on skincare and beautycare products and operates portfolio brands such as Nivea, Eucerin, La Prairie, Labello, Hansaplast, Elastoplast, and Florena. The other business segment markets self-adhesive systems and product solutions, primarily for industrial customers, under the Tesa brand. Beiersdorf is majority-owned by Maxingvest.
74GF Score

Get the complete analysis for CHIX:BEID

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

€74.82
Price
€122.72
GF Value