COLZF (Coca Cola Icecek AS) Cyclically Adjusted PB Ratio: 8.00 (As of Jul. 31, 2026) — 45% Above Median

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COLZF Coca Cola Icecek AS COLZF
90 GF Score
Price $1.68
GF Value $1.44
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Coca Cola Icecek AS Cyclically Adjusted PB Ratio?

Coca Cola Icecek AS COLZF -1.75% 90 Cyclically Adjusted PB Ratio is 8.00 as of Jul. 31, 2026, which is 45% above its 10-year median of 5.50. GuruFocus rates COLZF with a GF Score™ of 90/100 and a GF Value™ of $1.44 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 86 Beverages - Non-Alcoholic companies, Coca Cola Icecek AS ranks worse than 88.37% on this metric.

As of today (2026-07-31), Coca Cola Icecek AS's current share price is $1.68. Coca Cola Icecek AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.21. Coca Cola Icecek AS's Cyclically Adjusted PB Ratio for today is 8.00.

The historical rank and industry rank for Coca Cola Icecek AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

COLZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.06   Med: 5.5   Max: 16.91
Current: 9.94

During the past years, Coca Cola Icecek AS's highest Cyclically Adjusted PB Ratio was 16.91. The lowest was 2.06. And the median was 5.50.

COLZF's Cyclically Adjusted PB Ratio is ranked worse than
88.37% of 86 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.19 vs COLZF: 9.94

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.

Coca Cola Icecek AS's adjusted book value per share data for the three months ended in Mar. 2026 was $0.676. 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 $0.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca Cola Icecek AS  (OTCPK:COLZF) 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.


Coca Cola Icecek AS Cyclically Adjusted PB Ratio Related Terms


Coca Cola Icecek AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coca Cola Icecek AS'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.

Coca Cola Icecek AS Cyclically Adjusted PB Ratio Chart

Coca Cola Icecek AS 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 4.21 6.71 11.95 10.14 7.07

Coca Cola Icecek AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.26 6.98 5.97 7.07 7.68

COLZF vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Coca Cola Icecek AS'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.


Coca Cola Icecek AS Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca Cola Icecek AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca Cola Icecek AS's Cyclically Adjusted PB Ratio falls into.


COLZF
90GF Score
Coca Cola Icecek AS COLZF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Coca Cola Icecek AS 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.

Coca Cola Icecek AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.68/0.21
=8.00

* 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.

Coca Cola Icecek AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Coca Cola Icecek AS's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.676/330.2130*330.2130
=0.676

Current CPI (Mar. 2026) = 330.2130.

Coca Cola Icecek AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.460 241.018 0.630
201609 0.486 241.428 0.665
201612 0.440 241.432 0.602
201703 0.430 243.801 0.582
201706 0.448 244.955 0.604
201709 0.477 246.819 0.638
201712 0.434 246.524 0.581
201803 0.451 249.554 0.597
201806 0.416 251.989 0.545
201809 0.376 252.439 0.492
201812 0.376 251.233 0.494
201903 0.386 254.202 0.501
201906 0.359 256.143 0.463
201909 0.394 256.759 0.507
201912 0.398 256.974 0.511
202003 0.369 258.115 0.472
202006 0.373 257.797 0.478
202009 0.407 260.280 0.516
202012 0.355 260.474 0.450
202103 0.399 264.877 0.497
202106 0.372 271.696 0.452
202109 0.415 274.310 0.500
202112 0.344 278.802 0.407
202203 0.349 287.504 0.401
202206 0.344 296.311 0.383
202209 0.379 296.808 0.422
202212 0.781 296.797 0.869
202303 0.396 301.836 0.433
202306 0.421 305.109 0.456
202309 0.448 307.789 0.481
202312 0.697 306.746 0.750
202403 0.496 312.332 0.524
202406 0.522 314.175 0.549
202409 0.562 315.301 0.589
202412 0.718 315.605 0.751
202503 0.561 319.799 0.579
202506 0.567 322.561 0.580
202509 0.631 324.800 0.642
202512 0.636 324.054 0.648
202603 0.676 330.213 0.676

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 8.00 mean?
Coca Cola Icecek AS (COLZF) has a Cyclically Adjusted PB Ratio of 8.00 as of Jul. 31, 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 Coca Cola Icecek AS and its competitors. This is 45% above median its historical median of 5.50. Over the past decade, Coca Cola Icecek AS's Cyclically Adjusted PB Ratio has ranged from 2.06 to 16.91. According to the industry distribution chart, Coca Cola Icecek AS ranks #76 out of 86 companies in the Beverages - Non-Alcoholic industry, placing it in the top 88.4%.
Is Coca Cola Icecek AS's Cyclically Adjusted PB Ratio too high?
Coca Cola Icecek AS's current Cyclically Adjusted PB Ratio of 8.00 is 45% above median its 10-year median of 5.50. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 16.91. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.19. Coca Cola Icecek AS's value of 8.00 is 265.3% above this industry median. Based on the distribution chart, Coca Cola Icecek AS ranks #76 out of 86 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Coca Cola Icecek AS has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca Cola Icecek AS's Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca Cola Icecek AS ranks #76 out of 86 companies for Cyclically Adjusted PB Ratio. This places Coca Cola Icecek AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.19. Coca Cola Icecek AS's value of 8.00 is 265.3% above this benchmark. Historically, Coca Cola Icecek AS's own Cyclically Adjusted PB Ratio has ranged from 2.06 to 16.91 over the past decade. While the company's 10-year median is 5.50 vs. the industry median of 2.19, Coca Cola Icecek AS 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 - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.19, based on 86 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. Coca Cola Icecek AS's current Cyclically Adjusted PB Ratio of 8.00 is 265.3% 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 Coca Cola Icecek AS and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca Cola Icecek AS's current Cyclically Adjusted PB Ratio is 8.00, which is 45% above median its own 10-year median of 5.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca Cola Icecek AS stock overvalued right now?
Based on GuruFocus' analysis, Coca Cola Icecek AS (COLZF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.44, compared to a current price of $1.68 — trading 16.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.00, which is 45% above median its 10-year median of 5.50 and 265.3% above the Beverages - Non-Alcoholic industry median of 2.19. Coca Cola Icecek AS's overall GF Score™ is 90/100 with 6 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 Coca Cola Icecek AS (COLZF), the current Cyclically Adjusted PB Ratio is 8.00 as of Jul. 31, 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 Coca Cola Icecek AS (COLZF) Overvalued in 2026?

Based on GuruFocus' analysis, Coca Cola Icecek AS stock appears to be overvalued. The current stock price of $1.68 is trading 16.7% above its estimated GF Value™ of $1.44. GuruFocus considers Coca Cola Icecek AS to be Modestly Overvalued.

Key valuation signals for COLZF:

  • Cyclically Adjusted PB Ratio: 8.00 (45% above median its 10-year median of 5.50)
  • GF Value™: $1.44 vs. price of $1.68 (16.7% above fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 265.3% above the Beverages - Non-Alcoholic median (#76 of 86)

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


Coca Cola Icecek AS Business Description

Other Exchanges CCOLA:Turkey
Address Dudullu OSB Mahallesi Deniz Feneri Sokak, No: 4, Umraniye, Istanbul, TUR, 34775
Coca Cola Icecek AS is an exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Bangladesh, Central Asia, the Middle East, and other regions. The brands of the company include Coca-Cola, Fanta, Sprite, Costa Coffee, Crush, Crystal Cola, and others. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey.
90GF Score

Get the complete analysis for COLZF

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

$1.68
Price
$1.44
GF Value