AAK AB (FRA:6AA0) Cyclically Adjusted PB Ratio: 3.47 (As of Aug. 14, 2026) — 43% Below Median

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FRA:6AA0 AAK AB FRA:6AA0
92 GF Score
Price €17.70
GF Value €23.40
Valuation Modestly Undervalued
! 2 Warning Signs
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What is AAK AB Cyclically Adjusted PB Ratio?

AAK AB FRA:6AA0 -1.06% 92 Cyclically Adjusted PB Ratio is 3.47 as of Aug. 14, 2026, which is 43% below its 10-year median of 6.08. GuruFocus rates FRA:6AA0 with a GF Score™ of 92/100 and a GF Value™ of €23.40 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,397 Consumer Packaged Goods companies, AAK AB ranks worse than 83.18% on this metric.

As of today (2026-08-14), AAK AB's current share price is €17.70. AAK AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €5.10. AAK AB's Cyclically Adjusted PB Ratio for today is 3.47.

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

FRA:6AA0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.44   Med: 6.08   Max: 8.51
Current: 3.44

During the past years, AAK AB's highest Cyclically Adjusted PB Ratio was 8.51. The lowest was 3.44. And the median was 6.08.

FRA:6AA0's Cyclically Adjusted PB Ratio is ranked worse than
83.18% of 1397 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs FRA:6AA0: 3.44

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.

AAK AB's adjusted book value per share data for the three months ended in Jun. 2026 was €7.086. 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 €5.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AAK AB  (FRA:6AA0) 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.


AAK AB Cyclically Adjusted PB Ratio Related Terms


AAK AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AAK 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.

AAK AB Cyclically Adjusted PB Ratio Chart

AAK 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 6.24 4.57 4.99 6.31 4.87

AAK 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 4.75 4.60 4.87 4.37 4.02

FRA:6AA0 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, AAK 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.


AAK AB Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


FRA:6AA0
92GF Score
AAK AB FRA:6AA0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AAK 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.70/5.10
=3.47

* 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.

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

For example, AAK 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)
=7.086/134.6100*134.6100
=7.086

Current CPI (Jun. 2026) = 134.6100.

AAK AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.896 101.138 3.854
201612 3.052 102.022 4.027
201703 3.214 102.022 4.241
201706 2.939 102.752 3.850
201709 3.028 103.279 3.947
201712 3.041 103.793 3.944
201803 3.254 103.962 4.213
201806 3.279 104.875 4.209
201809 3.301 105.679 4.205
201812 3.417 105.912 4.343
201903 3.628 105.886 4.612
201906 3.534 106.742 4.457
201909 3.792 107.214 4.761
201912 3.887 107.766 4.855
202003 3.914 106.563 4.944
202006 3.796 107.498 4.753
202009 3.930 107.635 4.915
202012 3.732 108.296 4.639
202103 4.122 108.360 5.121
202106 3.913 108.928 4.836
202109 4.221 110.338 5.150
202112 4.438 112.486 5.311
202203 4.662 114.825 5.465
202206 4.897 118.384 5.568
202209 5.408 122.296 5.953
202212 5.269 126.365 5.613
202303 5.451 127.042 5.776
202306 5.482 129.407 5.702
202309 5.658 130.224 5.849
202312 5.895 131.912 6.016
202403 6.467 132.205 6.585
202406 6.219 132.716 6.308
202409 6.224 132.304 6.332
202412 6.728 132.987 6.810
202503 6.853 132.825 6.945
202506 6.418 133.699 6.462
202509 6.695 133.480 6.752
202512 7.020 133.390 7.084
202603 7.640 133.560 7.700
202606 7.086 134.610 7.086

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 3.47 mean?
AAK AB (FRA:6AA0) has a Cyclically Adjusted PB Ratio of 3.47 as of Aug. 14, 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 AAK AB and its competitors. This is 43% below median its historical median of 6.08. Over the past decade, AAK AB's Cyclically Adjusted PB Ratio has ranged from 3.44 to 8.51. According to the industry distribution chart, AAK AB ranks #1162 out of 1397 companies in the Consumer Packaged Goods industry, placing it in the top 83.2%.
Is AAK AB's Cyclically Adjusted PB Ratio too high?
AAK AB's current Cyclically Adjusted PB Ratio of 3.47 is 43% below median its 10-year median of 6.08. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 8.51. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. AAK AB's value of 3.47 is 175.4% above this industry median. Based on the distribution chart, AAK AB ranks #1162 out of 1397 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, AAK AB has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AAK AB's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, AAK AB ranks #1162 out of 1397 companies for Cyclically Adjusted PB Ratio. This places AAK AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. AAK AB's value of 3.47 is 175.4% above this benchmark. Historically, AAK AB's own Cyclically Adjusted PB Ratio has ranged from 3.44 to 8.51 over the past decade. While the company's 10-year median is 6.08 vs. the industry median of 1.26, AAK 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 1.26, based on 1,397 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. AAK AB's current Cyclically Adjusted PB Ratio of 3.47 is 175.4% 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 AAK AB 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. AAK AB's current Cyclically Adjusted PB Ratio is 3.47, which is 43% below median its own 10-year median of 6.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AAK AB stock overvalued right now?
Based on GuruFocus' analysis, AAK AB (FRA:6AA0) is currently considered Modestly Undervalued. The stock's GF Value™ is €23.40, compared to a current price of €17.70 — trading 24.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.47, which is 43% below median its 10-year median of 6.08 and 175.4% above the Consumer Packaged Goods industry median of 1.26. AAK AB's overall GF Score™ is 92/100 with 2 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 AAK AB (FRA:6AA0), the current Cyclically Adjusted PB Ratio is 3.47 as of Aug. 14, 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 AAK AB (FRA:6AA0) Overvalued in 2026?

Based on GuruFocus' analysis, AAK AB stock appears to be undervalued. The current stock price of €17.70 is trading 24.4% below its estimated GF Value™ of €23.40. GuruFocus considers AAK AB to be Modestly Undervalued.

Key valuation signals for FRA:6AA0:

  • Cyclically Adjusted PB Ratio: 3.47 (43% below median its 10-year median of 6.08)
  • GF Value™: €23.40 vs. price of €17.70 (24.4% below fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 175.4% above the Consumer Packaged Goods median (#1162 of 1397)

No single metric tells the full story. See the FRA:6AA0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AAK AB Business Description

Address Pulpetgatan 20, Malmo, SWE, 215 37
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. The Food Ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. The Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. A majority of its revenue is generated from the Food Ingredients segment.
92GF Score

Get the complete analysis for FRA:6AA0

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

€17.70
Price
€23.40
GF Value