Cloetta AB (CHIX:CLABS) Cyclically Adjusted PB Ratio: 2.65 (As of Jul. 21, 2026) — 68% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

CHIX:CLABS Cloetta AB CHIX:CLABS
72 GF Score
Price kr48.14
GF Value kr26.34
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Cloetta AB Cyclically Adjusted PB Ratio?

Cloetta AB CHIX:CLABS 72 Cyclically Adjusted PB Ratio is 2.65 as of Jul. 21, 2026, which is 68% above its 10-year median of 1.58. GuruFocus rates CHIX:CLABS with a GF Score™ of 72/100 and a GF Value™ of kr26.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, Cloetta AB ranks worse than 79.82% on this metric.

As of today (2026-07-21), Cloetta AB's current share price is kr48.14. Cloetta AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was kr18.18. Cloetta AB's Cyclically Adjusted PB Ratio for today is 2.65.

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

CHIX:CLABs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.58   Max: 3.06
Current: 3.06

During the past years, Cloetta AB's highest Cyclically Adjusted PB Ratio was 3.06. The lowest was 0.92. And the median was 1.58.

CHIX:CLABs's Cyclically Adjusted PB Ratio is ranked worse than
79.82% of 1442 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs CHIX:CLABs: 3.06

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.

Cloetta AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr20.236. 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 kr18.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cloetta AB  (CHIX:CLABs) 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.


Cloetta AB Cyclically Adjusted PB Ratio Related Terms


Cloetta AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cloetta AB'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.

Cloetta AB Cyclically Adjusted PB Ratio Chart

Cloetta AB 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 1.75 1.21 1.01 1.37 2.19

Cloetta AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 1.84 1.84 2.19 2.87 2.65

CHIX:CLABS vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Cloetta AB'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.


Cloetta AB Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


CHIX:CLABS
72GF Score
Cloetta AB CHIX:CLABS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cloetta AB 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.

Cloetta AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=48.14/18.18
=2.65

* 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.

Cloetta AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Cloetta AB's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=20.236/134.1100*134.1100
=20.236

Current CPI (Jun. 2026) = 134.1100.

Cloetta AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.817 101.138 20.974
201612 14.549 102.022 19.125
201703 14.736 102.022 19.371
201706 12.937 102.752 16.885
201709 12.937 103.279 16.799
201712 13.229 103.793 17.093
201803 14.060 103.962 18.137
201806 13.031 104.875 16.664
201809 13.073 105.679 16.590
201812 13.748 105.912 17.408
201903 14.230 105.886 18.023
201906 13.703 106.742 17.216
201909 14.213 107.214 17.779
201912 14.542 107.766 18.097
202003 15.401 106.563 19.382
202006 14.978 107.498 18.686
202009 15.248 107.635 18.999
202012 14.389 108.296 17.819
202103 15.311 108.360 18.949
202106 14.888 108.928 18.330
202109 15.397 110.338 18.714
202112 15.730 112.486 18.754
202203 16.542 114.825 19.320
202206 16.005 118.384 18.131
202209 16.734 122.296 18.351
202212 17.498 126.365 18.570
202303 17.957 127.042 18.956
202306 18.044 129.407 18.700
202309 18.223 130.224 18.767
202312 17.866 131.912 18.164
202403 18.970 132.205 19.243
202406 17.971 132.716 18.160
202409 18.143 132.304 18.391
202412 18.996 132.987 19.156
202503 19.174 132.825 19.360
202506 18.840 133.699 18.898
202509 19.436 133.480 19.528
202512 19.904 133.390 20.011
202603 20.838 133.560 20.924
202606 20.236 134.110 20.236

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 2.65 mean?
Cloetta AB (CHIX:CLABS) has a Cyclically Adjusted PB Ratio of 2.65 as of Jul. 21, 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 Cloetta AB and its competitors. This is 68% above median its historical median of 1.58. Over the past decade, Cloetta AB's Cyclically Adjusted PB Ratio has ranged from 0.92 to 3.06. According to the industry distribution chart, Cloetta AB ranks #1151 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 79.8%.
Is Cloetta AB's Cyclically Adjusted PB Ratio too high?
Cloetta AB's current Cyclically Adjusted PB Ratio of 2.65 is 68% above median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 3.06. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Cloetta AB's value of 2.65 is 108.7% above this industry median. Based on the distribution chart, Cloetta AB ranks #1151 out of 1442 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Cloetta AB has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cloetta AB's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Cloetta AB ranks #1151 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Cloetta AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Cloetta AB's value of 2.65 is 108.7% above this benchmark. Historically, Cloetta AB's own Cyclically Adjusted PB Ratio has ranged from 0.92 to 3.06 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 1.27, Cloetta AB 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. Cloetta AB's current Cyclically Adjusted PB Ratio of 2.65 is 108.7% 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 Cloetta AB 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. Cloetta AB's current Cyclically Adjusted PB Ratio is 2.65, which is 68% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloetta AB stock overvalued right now?
Based on GuruFocus' analysis, Cloetta AB (CHIX:CLABS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr26.34, compared to a current price of kr48.14 — trading 82.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.65, which is 68% above median its 10-year median of 1.58 and 108.7% above the Consumer Packaged Goods industry median of 1.27. Cloetta AB's overall GF Score™ is 72/100 with 5 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 Cloetta AB (CHIX:CLABS), the current Cyclically Adjusted PB Ratio is 2.65 as of Jul. 21, 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 Cloetta AB (CHIX:CLABS) Overvalued in 2026?

Based on GuruFocus' analysis, Cloetta AB stock appears to be overvalued. The current stock price of kr48.14 is trading 82.8% above its estimated GF Value™ of kr26.34. GuruFocus considers Cloetta AB to be Significantly Overvalued.

Key valuation signals for CHIX:CLABS:

  • Cyclically Adjusted PB Ratio: 2.65 (68% above median its 10-year median of 1.58)
  • GF Value™: kr26.34 vs. price of kr48.14 (82.8% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 108.7% above the Consumer Packaged Goods median (#1151 of 1442)

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


Cloetta AB Business Description

Address Landsvagen 50A, Box 2052, Sundbyberg, SWE, 174 02
Cloetta AB is a Northern Europe's confectionery company, with products sold in more than 60 countries through its own brands. The assortment mainly comprises candy, chocolate, pastilles and chewing gum. The company's brands include Red Band, Malaco, Kexchoklad, CandyKing, Ahlgrens Bilar, Gott & Blandat, Lakerol, Mynthon, Tupla and Juleskum. The Core markets of the company are Sweden, Finland, Denmark, Norway and the Netherlands. The company has six production units in five countries and is headquartered in Stockholm, Sweden.
72GF Score

Get the complete analysis for CHIX:CLABS

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

kr48.14
Price
kr26.34
GF Value