Atria Oyj (FRA:AJC) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:AJC Atria Oyj FRA:AJC
55 GF Score
Price €16.54
GF Value €11.51
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Atria Oyj Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Atria Oyj  (FRA:AJC) 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.


Atria Oyj Cyclically Adjusted PB Ratio Related Terms


Atria Oyj Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Atria Oyj'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.

Atria Oyj Cyclically Adjusted PB Ratio Chart

Atria Oyj 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 0.74 0.55 0.61 0.64 0.91

Atria Oyj 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 0.81 0.77 0.91 0.99 0.00

FRA:AJC vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Atria Oyj'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.


Atria Oyj Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


FRA:AJC
55GF Score
Atria Oyj FRA:AJC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Atria Oyj 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.

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

For example, Atria Oyj'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)
=15.506/125.3800*125.3800
=15.506

Current CPI (Jun. 2026) = 125.3800.

Atria Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.331 100.540 17.872
201612 14.552 101.020 18.061
201703 14.654 100.910 18.207
201706 14.228 101.140 17.638
201709 14.608 101.320 18.077
201712 14.866 101.510 18.362
201803 14.761 101.730 18.193
201806 14.405 102.320 17.651
201809 14.672 102.600 17.930
201812 14.751 102.710 18.007
201903 14.624 102.870 17.824
201906 14.283 103.360 17.326
201909 14.684 103.540 17.781
201912 14.911 103.650 18.037
202003 14.299 103.490 17.323
202006 14.292 103.320 17.344
202009 14.633 103.710 17.691
202012 15.014 103.890 18.120
202103 15.268 104.870 18.254
202106 15.194 105.360 18.081
202109 15.776 106.290 18.609
202112 16.135 107.490 18.820
202203 16.368 110.950 18.497
202206 17.091 113.570 18.868
202209 17.793 114.920 19.413
202212 15.936 117.320 17.031
202303 15.624 119.750 16.359
202306 14.881 120.690 15.459
202309 15.232 121.280 15.747
202312 13.817 121.540 14.254
202403 13.637 122.360 13.974
202406 13.584 122.230 13.934
202409 14.173 122.260 14.535
202412 14.280 122.390 14.629
202503 14.711 123.010 14.994
202506 14.356 122.530 14.690
202509 15.087 122.880 15.394
202512 15.316 122.670 15.654
202603 15.751 124.670 15.841
202606 15.506 125.380 15.506

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.

Is Atria Oyj (FRA:AJC) Overvalued in 2026?

Based on GuruFocus' analysis, Atria Oyj stock appears to be overvalued. The current stock price of €16.54 is trading 43.7% above its estimated GF Value™ of €11.51. GuruFocus considers Atria Oyj to be Significantly Overvalued.

Key valuation signals for FRA:AJC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €11.51 vs. price of €16.54 (43.7% above fair value)
  • GF Score™: 55/100 with 1 warning sign

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


Atria Oyj Business Description

Other Exchanges 0IY1:UKATRAV:Finland
Address Itikanmaenkatu 3, P.O. Box 900, Seinajoki, FIN, 60060
Atria Oyj manufactures and markets food products, in particular meat products, poultry products, ready meals and food concepts. Its main market area covers Finland, Sweden, Denmark, and Baltic countries. The company's segments include Atria Finland, Atria Sweden, Atria Denmark and Estonia. Atria Finland's product categories include Fresh and consumer packed meat, Poultry products, Cooking products, such as cooking sausages, Sandwich toppings, Convenience food, and Animal feed. Atria Sweden's products include Cold cuts, Sausages, Fresh poultry products, Convenience food, Vegetable and delicatessen products, and Atria Denmark and Estonia's product categories include Meat products, particularly sausages, including cold cuts and spreads, Convenience food, and fresh and consumer-packed meat.
55GF Score

Get the complete analysis for FRA:AJC

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

€16.54
Price
€11.51
GF Value