Ulker Biskuvinayi AS (FRA:A7G) Cyclically Adjusted PB Ratio: 2.24 (As of Aug. 09, 2026) — 42% Below Median

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FRA:A7G Ulker Biskuvi Sanayi AS FRA:A7G
69 GF Score
Price €14.30
GF Value €23.03
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Ulker Biskuvinayi AS Cyclically Adjusted PB Ratio?

Ulker Biskuvinayi AS FRA:A7G -23.12% 69 Cyclically Adjusted PB Ratio is 2.24 as of Aug. 09, 2026, which is 42% below its 10-year median of 3.86. GuruFocus rates FRA:A7G with a GF Score™ of 69/100 and a GF Value™ of €23.03 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,407 Consumer Packaged Goods companies, Ulker Biskuvinayi AS ranks worse than 74.98% on this metric.

As of today (2026-08-09), Ulker Biskuvinayi AS's current share price is €14.30. Ulker Biskuvinayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €6.39. Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio for today is 2.24.

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: 3.86   Max: 12.17
Current: 2.58

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 3.86.

FRA:A7G's Cyclically Adjusted PB Ratio is ranked worse than
74.98% of 1407 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs FRA:A7G: 2.58

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 Mar. 2026 was €26.014. 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 €6.39 for the trailing ten years ended in Mar. 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 2.26 4.74 6.59 5.86 3.51

Ulker Biskuvinayi 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 5.31 4.18 3.73 3.51 3.41

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
69GF 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
=14.30/6.39
=2.24

* 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 Mar. 2026 is calculated as:

For example, Ulker Biskuvinayi 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)
=26.014/330.2130*330.2130
=26.014

Current CPI (Mar. 2026) = 330.2130.

Ulker Biskuvinayi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.089 241.018 17.933
201609 13.380 241.428 18.300
201612 3.305 241.432 4.520
201703 12.231 243.801 16.566
201706 12.814 244.955 17.274
201709 12.753 246.819 17.062
201712 10.451 246.524 13.999
201803 15.617 249.554 20.665
201806 13.893 251.989 18.206
201809 11.223 252.439 14.681
201812 15.934 251.233 20.943
201903 17.488 254.202 22.717
201906 18.346 256.143 23.651
201909 19.209 256.759 24.704
201912 21.022 256.974 27.013
202003 18.047 258.115 23.088
202006 18.936 257.797 24.255
202009 17.703 260.280 22.460
202012 18.814 260.474 23.851
202103 20.050 264.877 24.996
202106 17.562 271.696 21.344
202109 8.146 274.310 9.806
202112 5.701 278.802 6.752
202203 4.702 287.504 5.400
202206 4.097 296.311 4.566
202209 4.409 296.808 4.905
202212 17.806 296.797 19.811
202303 9.360 301.836 10.240
202306 6.232 305.109 6.745
202309 8.361 307.789 8.970
202312 22.158 306.746 23.853
202403 16.660 312.332 17.614
202406 18.662 314.175 19.615
202409 19.381 315.301 20.298
202412 30.284 315.605 31.686
202503 24.740 319.799 25.546
202506 21.532 322.561 22.043
202509 22.440 324.800 22.814
202512 23.482 324.054 23.928
202603 26.014 330.213 26.014

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 2.24 mean?
Ulker Biskuvinayi AS (FRA:A7G) has a Cyclically Adjusted PB Ratio of 2.24 as of Aug. 09, 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 42% below median its historical median of 3.86. 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 #1055 out of 1407 companies in the Consumer Packaged Goods industry, placing it in the top 75%.
Is Ulker Biskuvinayi AS's Cyclically Adjusted PB Ratio too high?
Ulker Biskuvinayi AS's current Cyclically Adjusted PB Ratio of 2.24 is 42% below median its 10-year median of 3.86. 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 1.26. Ulker Biskuvinayi AS's value of 2.24 is 77.8% above this industry median. Based on the distribution chart, Ulker Biskuvinayi AS ranks #1055 out of 1407 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ulker Biskuvinayi AS has a GF Score™ of 69/100 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 #1055 out of 1407 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 1.26. Ulker Biskuvinayi AS's value of 2.24 is 77.8% above 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 3.86 vs. the industry median of 1.26, Ulker Biskuvinayi 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,407 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 2.24 is 77.8% 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 Ulker Biskuvinayi AS 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. Ulker Biskuvinayi AS's current Cyclically Adjusted PB Ratio is 2.24, which is 42% below median its own 10-year median of 3.86. 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 €23.03, compared to a current price of €14.30 — trading 37.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.24, which is 42% below median its 10-year median of 3.86 and 77.8% above the Consumer Packaged Goods industry median of 1.26. Ulker Biskuvinayi AS's overall GF Score™ is 69/100 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 2.24 as of Aug. 09, 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 €14.30 is trading 37.9% below its estimated GF Value™ of €23.03. GuruFocus considers Ulker Biskuvinayi AS to be Significantly Undervalued.

Key valuation signals for FRA:A7G:

  • Cyclically Adjusted PB Ratio: 2.24 (42% below median its 10-year median of 3.86)
  • GF Value™: €23.03 vs. price of €14.30 (37.9% below fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 77.8% above the Consumer Packaged Goods median (#1055 of 1407)

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.
69GF 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.

€14.30
Price
€23.03
GF Value