Zad Holding Co (DSMD:ZHCD) Cyclically Adjusted PB Ratio: 1.95 (As of Sep. 05, 2026) — 18% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

DSMD:ZHCD Zad Holding Co DSMD:ZHCD
81 GF Score
Price ر.ق11.92
GF Value ر.ق12.78
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Zad Holding Co Cyclically Adjusted PB Ratio?

Zad Holding Co DSMD:ZHCD +0.08% 81 Cyclically Adjusted PB Ratio is 1.95 as of Sep. 05, 2026, which is 18% below its 10-year median of 2.37. GuruFocus rates DSMD:ZHCD with a GF Score™ of 81/100 and a GF Value™ of ر.ق12.78 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,267 Consumer Packaged Goods companies, Zad Holding Co ranks worse than 67.17% on this metric.

As of today (2026-09-05), Zad Holding Co's current share price is ر.ق11.92. Zad Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ر.ق6.10. Zad Holding Co's Cyclically Adjusted PB Ratio for today is 1.95.

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

DSMD:ZHCD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.95   Med: 2.37   Max: 3.09
Current: 1.95

During the past years, Zad Holding Co's highest Cyclically Adjusted PB Ratio was 3.09. The lowest was 1.95. And the median was 2.37.

DSMD:ZHCD's Cyclically Adjusted PB Ratio is ranked worse than
67.17% of 1267 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs DSMD:ZHCD: 1.95

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.

Zad Holding Co's adjusted book value per share data for the three months ended in Jun. 2026 was ر.ق5.346. 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 ر.ق6.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zad Holding Co  (DSMD:ZHCD) 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.


Zad Holding Co Cyclically Adjusted PB Ratio Related Terms


Zad Holding Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zad Holding Co'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.

Zad Holding Co Cyclically Adjusted PB Ratio Chart

Zad Holding Co 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 2.61 2.39 2.31 2.41 2.33

Zad Holding Co 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 2.38 2.30 2.33 2.39 2.21

DSMD:ZHCD vs KHC, GIS, MKC: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Zad Holding Co'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.


Zad Holding Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Zad Holding Co's Cyclically Adjusted PB Ratio falls into.


DSMD:ZHCD
81GF Score
Zad Holding Co DSMD:ZHCD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zad Holding Co 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.

Zad Holding Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.92/6.10
=1.95

* 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.

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

For example, Zad Holding Co'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)
=5.346/333.9520*333.9520
=5.346

Current CPI (Jun. 2026) = 333.9520.

Zad Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.866 241.428 6.731
201612 4.937 241.432 6.829
201703 5.139 243.801 7.039
201706 5.051 244.955 6.886
201709 5.166 246.819 6.990
201712 5.290 246.524 7.166
201803 4.960 249.554 6.637
201806 5.079 251.989 6.731
201809 5.192 252.439 6.869
201812 5.336 251.233 7.093
201903 5.510 254.202 7.239
201906 5.035 256.143 6.564
201909 5.147 256.759 6.694
201912 5.351 256.974 6.954
202003 5.508 258.115 7.126
202006 5.023 257.797 6.507
202009 5.131 260.280 6.583
202012 4.678 260.474 5.998
202103 5.544 264.877 6.990
202106 5.085 271.696 6.250
202109 5.178 274.310 6.304
202112 4.588 278.802 5.496
202203 5.607 287.504 6.513
202206 4.776 296.311 5.383
202209 4.824 296.808 5.428
202212 4.468 296.797 5.027
202303 4.693 301.836 5.192
202306 4.168 305.109 4.562
202309 4.365 307.789 4.736
202312 4.669 306.746 5.083
202403 4.907 312.332 5.247
202406 4.451 314.175 4.731
202409 4.702 315.301 4.980
202412 4.815 315.605 5.095
202503 5.231 319.799 5.463
202506 4.882 322.561 5.054
202509 5.582 324.800 5.739
202512 6.015 324.054 6.199
202603 6.500 330.213 6.574
202606 5.346 333.952 5.346

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 1.95 mean?
Zad Holding Co (DSMD:ZHCD) has a Cyclically Adjusted PB Ratio of 1.95 as of Sep. 05, 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 Zad Holding Co and its competitors. This is 18% below median its historical median of 2.37. Over the past decade, Zad Holding Co's Cyclically Adjusted PB Ratio has ranged from 1.95 to 3.09. According to the industry distribution chart, Zad Holding Co ranks #851 out of 1267 companies in the Consumer Packaged Goods industry, placing it in the top 67.2%.
Is Zad Holding Co's Cyclically Adjusted PB Ratio too high?
Zad Holding Co's current Cyclically Adjusted PB Ratio of 1.95 is 18% below median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 3.09. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Zad Holding Co's value of 1.95 is 54.8% above this industry median. Based on the distribution chart, Zad Holding Co ranks #851 out of 1267 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Zad Holding Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zad Holding Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Zad Holding Co ranks #851 out of 1267 companies for Cyclically Adjusted PB Ratio. This places Zad Holding Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Zad Holding Co's value of 1.95 is 54.8% above this benchmark. Historically, Zad Holding Co's own Cyclically Adjusted PB Ratio has ranged from 1.95 to 3.09 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.26, Zad Holding Co 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 1.26, based on 1,267 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. Zad Holding Co's current Cyclically Adjusted PB Ratio of 1.95 is 54.8% 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 Zad Holding Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zad Holding Co's current Cyclically Adjusted PB Ratio is 1.95, which is 18% below median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zad Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Zad Holding Co (DSMD:ZHCD) is currently considered Fairly Valued. The stock's GF Value™ is ر.ق12.78, compared to a current price of ر.ق11.92 — trading 6.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.95, which is 18% below median its 10-year median of 2.37 and 54.8% above the Consumer Packaged Goods industry median of 1.26. Zad Holding Co's overall GF Score™ is 81/100 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 Zad Holding Co (DSMD:ZHCD), the current Cyclically Adjusted PB Ratio is 1.95 as of Sep. 05, 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 Zad Holding Co (DSMD:ZHCD) Overvalued in 2026?

Based on GuruFocus' analysis, Zad Holding Co stock appears to be undervalued. The current stock price of ر.ق11.92 is trading 6.7% below its estimated GF Value™ of ر.ق12.78. GuruFocus considers Zad Holding Co to be Fairly Valued.

Key valuation signals for DSMD:ZHCD:

  • Cyclically Adjusted PB Ratio: 1.95 (18% below median its 10-year median of 2.37)
  • GF Value™: ر.ق12.78 vs. price of ر.ق11.92 (6.7% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 54.8% above the Consumer Packaged Goods median (#851 of 1267)

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


Zad Holding Co Business Description

Address Al Meena Street, P.O. Box: 1444, Doha Sea Port, Doha, QAT
Zad Holding Co is engaged in the import of wheat, the production of different kinds of flour, the manufacturing, and marketing of pasta and bakery products. The Group earns income from sales of certain types of grain and related commodities. It is also engaged in the activities of contracting for building, investing, establishing, and managing industrial projects, activities in real estate, selling and renting heavy equipment, manufacturing and supplying ready-mix concrete and asphalt, crushing services, providing transport services, and investment in financial instruments. The Group's operating segments are: Trading, manufacturing, distribution and services, which generate maximum revenue, Investment and managed services, and Contracting, real estate and others.
81GF Score

Get the complete analysis for DSMD:ZHCD

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

ر.ق11.92
Price
ر.ق12.78
GF Value