Ebro Foods (FRA:AZU) Cyclically Adjusted PB Ratio: 1.12 (As of Aug. 16, 2026) — 16% Below Median

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FRA:AZU Ebro Foods SA FRA:AZU
76 GF Score
Price €18.16
GF Value €15.91
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Ebro Foods Cyclically Adjusted PB Ratio?

Ebro Foods FRA:AZU 76 Cyclically Adjusted PB Ratio is 1.12 as of Aug. 16, 2026, which is 16% below its 10-year median of 1.34. GuruFocus rates FRA:AZU with a GF Score™ of 76/100 and a GF Value™ of €15.91 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,386 Consumer Packaged Goods companies, Ebro Foods ranks better than 54.47% on this metric.

As of today (2026-08-16), Ebro Foods's current share price is €18.16. Ebro Foods's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €16.17. Ebro Foods's Cyclically Adjusted PB Ratio for today is 1.12.

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

FRA:AZU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.34   Max: 2.06
Current: 1.12

During the past 13 years, Ebro Foods's highest Cyclically Adjusted PB Ratio was 2.06. The lowest was 0.96. And the median was 1.34.

FRA:AZU's Cyclically Adjusted PB Ratio is ranked better than
54.47% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs FRA:AZU: 1.12

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.

Ebro Foods's adjusted book value per share data of for the fiscal year that ended in Dec25 was €14.979. 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 €16.17 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ebro Foods  (FRA:AZU) 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.


Ebro Foods Cyclically Adjusted PB Ratio Related Terms


Ebro Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ebro Foods'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.

Ebro Foods Cyclically Adjusted PB Ratio Chart

Ebro Foods 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 1.22 0.99 1.01 1.00 1.14

Ebro Foods Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 1.00 0.00 1.14 0.00

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

For the Packaged Foods subindustry, Ebro Foods'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.


Ebro Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


FRA:AZU
76GF Score
Ebro Foods SA FRA:AZU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ebro Foods 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.

Ebro Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.16/16.17
=1.12

* 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.

Ebro Foods's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Ebro Foods's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=14.979/128.4000*128.4000
=14.979

Current CPI (Dec25) = 128.4000.

Ebro Foods Annual Data

Book Value per Share CPI Adj_Book
201612 13.514 101.842 17.038
201712 13.483 102.975 16.812
201812 14.053 104.193 17.318
201912 14.703 105.015 17.977
202012 12.526 104.456 15.397
202112 13.659 111.298 15.758
202212 14.067 117.650 15.352
202312 14.202 121.300 15.033
202412 15.141 124.753 15.584
202512 14.979 128.400 14.979

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 1.12 mean?
Ebro Foods (FRA:AZU) has a Cyclically Adjusted PB Ratio of 1.12 as of Aug. 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 Ebro Foods and its competitors. This is 16% below median its historical median of 1.34. Over the past decade, Ebro Foods' Cyclically Adjusted PB Ratio has ranged from 0.96 to 2.06. According to the industry distribution chart, Ebro Foods ranks #631 out of 1386 companies in the Consumer Packaged Goods industry, placing it in the top 45.5%.
Is Ebro Foods' Cyclically Adjusted PB Ratio too high?
Ebro Foods' current Cyclically Adjusted PB Ratio of 1.12 is 16% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 2.06. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Ebro Foods' value of 1.12 is 12.5% below this industry median. Based on the distribution chart, Ebro Foods ranks #631 out of 1386 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ebro Foods has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ebro Foods' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ebro Foods ranks #631 out of 1386 companies for Cyclically Adjusted PB Ratio. This puts Ebro Foods in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Ebro Foods' value of 1.12 is 12.5% below this benchmark. Historically, Ebro Foods' own Cyclically Adjusted PB Ratio has ranged from 0.96 to 2.06 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.28, Ebro Foods 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 1.28, based on 1,386 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. Ebro Foods's current Cyclically Adjusted PB Ratio of 1.12 is 12.5% 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 Ebro Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ebro Foods's current Cyclically Adjusted PB Ratio is 1.12, which is 16% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ebro Foods stock overvalued right now?
Based on GuruFocus' analysis, Ebro Foods (FRA:AZU) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.91, compared to a current price of €18.16 — trading 14.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.12, which is 16% below median its 10-year median of 1.34 and 12.5% below the Consumer Packaged Goods industry median of 1.28. Ebro Foods' overall GF Score™ is 76/100 with 3 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 Ebro Foods (FRA:AZU), the current Cyclically Adjusted PB Ratio is 1.12 as of Aug. 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 Ebro Foods (FRA:AZU) Overvalued in 2026?

Based on GuruFocus' analysis, Ebro Foods stock appears to be overvalued. The current stock price of €18.16 is trading 14.1% above its estimated GF Value™ of €15.91. GuruFocus considers Ebro Foods to be Modestly Overvalued.

Key valuation signals for FRA:AZU:

  • Cyclically Adjusted PB Ratio: 1.12 (16% below median its 10-year median of 1.34)
  • GF Value™: €15.91 vs. price of €18.16 (14.1% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 12.5% below the Consumer Packaged Goods median (#631 of 1386)

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


Ebro Foods Business Description

Address Paseo de la Castellana, n 20, Madrid, ESP, 28046
Ebro Foods SA is a Spanish international food group operating in the pasta, rice, and sauces segments. The company is present in more than 25 countries in Europe, North America, Asia, and Africa, through its wide network of subsidiaries and brands. The core businesses are rice and pasta, offered in dry, fresh, precooked, and frozen varieties. Aside from pasta and rice, Ebro Food offers ready meals, fresh potato, sauces among others. The largest geographical segment for the rice division is in Europe, followed by North America, Asia, and Africa. Pasta, sauces, and other products, accounting for almost half of revenue, are mainly present in Europe and North America.
76GF Score

Get the complete analysis for FRA:AZU

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

€18.16
Price
€15.91
GF Value