Ulker Biskuvinayi AS (FRA:A7G) Cyclically Adjusted PB Ratio: 0.76 (As of Sep. 16, 2026) — 80% Below Median

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FRA:A7G Ulker Biskuvi Sanayi AS FRA:A7G
71 GF Score
Price €15.70
GF Value €27.83
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Ulker Biskuvinayi AS Cyclically Adjusted PB Ratio?

Ulker Biskuvinayi AS FRA:A7G 71 Cyclically Adjusted PB Ratio is 0.76 as of Sep. 16, 2026, which is 80% below its 10-year median of 3.85. GuruFocus rates FRA:A7G with a GF Score™ of 71/100 and a GF Value™ of €27.83 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Ulker Biskuvinayi AS ranks worse than 74.76% on this metric.

As of today (2026-09-16), Ulker Biskuvinayi AS's current share price is €15.70. Ulker Biskuvinayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €20.65. Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio for today is 0.76.

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

FRA:A7G' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 3.85   Max: 12.17
Current: 2.47

During the past years, Ulker Biskuvinayi AS's highest Cyclically Adjusted PB Ratio was 12.17. The lowest was 1.73. And the median was 3.85.

FRA:A7G's Cyclically Adjusted PB Ratio is ranked worse than
74.76% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs FRA:A7G: 2.47

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.

Ulker Biskuvinayi AS's adjusted book value per share data for the three months ended in Jun. 2026 was €27.260. 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 €20.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ulker Biskuvinayi AS  (FRA:A7G) 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.


Ulker Biskuvinayi AS Cyclically Adjusted PB Ratio Related Terms


Ulker Biskuvinayi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ulker Biskuvinayi 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.

Ulker Biskuvinayi AS Cyclically Adjusted PB Ratio Chart

Ulker Biskuvinayi 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 0.00 0.00 0.00 1.42 0.90

Ulker Biskuvinayi AS 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 1.27 0.95 0.93 1.08 1.06

FRA:A7G vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Ulker Biskuvinayi 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.


Ulker Biskuvinayi AS Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio falls into.


FRA:A7G
71GF Score
Ulker Biskuvi Sanayi AS FRA:A7G
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ulker Biskuvinayi 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.

Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.70/20.649
=0.76

* 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.

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

For example, Ulker Biskuvinayi AS'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)
=27.26/333.9520*333.9520
=27.260

Current CPI (Jun. 2026) = 333.9520.

Ulker Biskuvinayi AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.122 241.428 20.917
201612 12.602 241.432 17.431
201703 13.936 243.801 19.089
201706 14.185 244.955 19.339
201709 14.152 246.819 19.148
201712 16.463 246.524 22.301
201803 17.145 249.554 22.943
201806 15.803 251.989 20.943
201809 13.597 252.439 17.987
201812 17.692 251.233 23.517
201903 19.015 254.202 24.981
201906 20.379 256.143 26.570
201909 21.905 256.759 28.491
201912 21.598 256.974 28.068
202003 19.935 258.115 25.792
202006 21.378 257.797 27.693
202009 19.870 260.280 25.494
202012 21.917 260.474 28.100
202103 21.341 264.877 26.906
202106 20.161 271.696 24.781
202109 10.547 274.310 12.840
202112 8.353 278.802 10.005
202203 7.336 287.504 8.521
202206 7.091 296.311 7.992
202209 7.327 296.808 8.244
202212 11.244 296.797 12.652
202303 12.230 301.836 13.531
202306 8.882 305.109 9.722
202309 9.805 307.789 10.638
202312 16.437 306.746 17.895
202403 18.203 312.332 19.463
202406 20.046 314.175 21.308
202409 20.616 315.301 21.835
202412 24.758 315.605 26.197
202503 25.873 319.799 27.018
202506 22.246 322.561 23.032
202509 23.603 324.800 24.268
202512 24.620 324.054 25.372
202603 27.378 330.213 27.688
202606 27.260 333.952 27.260

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 0.76 mean?
Ulker Biskuvinayi AS (FRA:A7G) has a Cyclically Adjusted PB Ratio of 0.76 as of Sep. 16, 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 Ulker Biskuvinayi AS and its competitors. This is 80% below median its historical median of 3.85. Over the past decade, Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio has ranged from 1.73 to 12.17. According to the industry distribution chart, Ulker Biskuvinayi AS ranks #948 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 74.8%.
Is Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio too high?
Ulker Biskuvinayi AS's current Cyclically Adjusted PB Ratio of 0.76 is 80% below median its 10-year median of 3.85. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 12.17. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Ulker Biskuvinayi AS's value of 0.76 is 39% below this industry median. Based on the distribution chart, Ulker Biskuvinayi AS ranks #948 out of 1268 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ulker Biskuvinayi AS has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Ulker Biskuvinayi AS ranks #948 out of 1268 companies for Cyclically Adjusted PB Ratio. This places Ulker Biskuvinayi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Ulker Biskuvinayi AS's value of 0.76 is 39% below this benchmark. Historically, Ulker Biskuvinayi AS's own Cyclically Adjusted PB Ratio has ranged from 1.73 to 12.17 over the past decade. While the company's 10-year median is 3.85 vs. the industry median of 1.25, Ulker Biskuvinayi AS has consistently been below 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 1.25, based on 1,268 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. Ulker Biskuvinayi AS's current Cyclically Adjusted PB Ratio of 0.76 is 39% below 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 Ulker Biskuvinayi AS and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulker Biskuvinayi AS's current Cyclically Adjusted PB Ratio is 0.76, which is 80% below median its own 10-year median of 3.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulker Biskuvinayi AS stock overvalued right now?
Based on GuruFocus' analysis, Ulker Biskuvinayi AS (FRA:A7G) is currently considered Significantly Undervalued. The stock's GF Value™ is €27.83, compared to a current price of €15.70 — trading 43.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.76, which is 80% below median its 10-year median of 3.85 and 39% below the Consumer Packaged Goods industry median of 1.25. Ulker Biskuvinayi AS's overall GF Score™ is 71/100 with 7 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 Ulker Biskuvinayi AS (FRA:A7G), the current Cyclically Adjusted PB Ratio is 0.76 as of Sep. 16, 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 Ulker Biskuvinayi AS (FRA:A7G) Overvalued in 2026?

Based on GuruFocus' analysis, Ulker Biskuvinayi AS stock appears to be undervalued. The current stock price of €15.70 is trading 43.6% below its estimated GF Value™ of €27.83. GuruFocus considers Ulker Biskuvinayi AS to be Significantly Undervalued.

Key valuation signals for FRA:A7G:

  • Cyclically Adjusted PB Ratio: 0.76 (80% below median its 10-year median of 3.85)
  • GF Value™: €27.83 vs. price of €15.70 (43.6% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 39% below the Consumer Packaged Goods median (#948 of 1268)

No single metric tells the full story. See the FRA:A7G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ulker Biskuvinayi AS Business Description

Other Exchanges UELKY:USAULKER:Turkey
Address Kysykly Mah. Ferah Cad. No:1, Buyuk Camlyca, Uskudar, Istanbul, TUR, 34692
Ulker Biskuvi Sanayi AS is engaged in manufacturing marketing, and sale of biscuits, chocolate-coated biscuits, wafers, cakes, and chocolate. The brands of the company include Ulker, Alpella, Albeni, Dido, Laviva, Cocostar, Godiva, Piko, Buklet, and others. Substantially all of the remaining revenue is from cake sales. The company earns majority of its revenue from domestic market.
71GF Score

Get the complete analysis for FRA:A7G

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

€15.70
Price
€27.83
GF Value