Coca-Cola Consolidated (FRA:CC5) Cyclically Adjusted PB Ratio: 21.68 (As of Aug. 15, 2026) — 119% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:CC5 Coca-Cola Consolidated Inc FRA:CC5
83 GF Score
Price €162.60
GF Value €151.35
Valuation Fairly Valued
View Full Analysis

What is Coca-Cola Consolidated Cyclically Adjusted PB Ratio?

Coca-Cola Consolidated FRA:CC5 +0.96% 83 Cyclically Adjusted PB Ratio is 21.68 as of Aug. 15, 2026, which is 119% above its 10-year median of 9.92. GuruFocus rates FRA:CC5 with a GF Score™ of 83/100 and a GF Value™ of €151.35 (Fairly Valued). Among 85 Beverages - Non-Alcoholic companies, Coca-Cola Consolidated ranks worse than 97.65% on this metric.

As of today (2026-08-15), Coca-Cola Consolidated's current share price is €162.60. Coca-Cola Consolidated's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €7.50. Coca-Cola Consolidated's Cyclically Adjusted PB Ratio for today is 21.68.

The historical rank and industry rank for Coca-Cola Consolidated's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:CC5' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.82   Med: 9.92   Max: 24.05
Current: 21.91

During the past years, Coca-Cola Consolidated's highest Cyclically Adjusted PB Ratio was 24.05. The lowest was 4.82. And the median was 9.92.

FRA:CC5's Cyclically Adjusted PB Ratio is ranked worse than
97.65% of 85 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.17 vs FRA:CC5: 21.91

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.

Coca-Cola Consolidated's adjusted book value per share data for the three months ended in Jun. 2026 was €-6.522. 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 €7.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Consolidated  (FRA:CC5) 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.


Coca-Cola Consolidated Cyclically Adjusted PB Ratio Related Terms


Coca-Cola Consolidated Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coca-Cola Consolidated'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.

Coca-Cola Consolidated Cyclically Adjusted PB Ratio Chart

Coca-Cola Consolidated 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 14.47 9.60 13.81 15.55 17.00

Coca-Cola Consolidated 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 12.41 12.43 17.00 21.70 22.12

FRA:CC5 vs PRMB, CELH, COCO: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Consolidated'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.


Coca-Cola Consolidated Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Consolidated's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola Consolidated's Cyclically Adjusted PB Ratio falls into.


FRA:CC5
83GF Score
Coca-Cola Consolidated Inc FRA:CC5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coca-Cola Consolidated 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.

Coca-Cola Consolidated's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=162.60/7.50
=21.68

* 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.

Coca-Cola Consolidated's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Coca-Cola Consolidated'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)
=-6.522/333.9520*333.9520
=-6.522

Current CPI (Jun. 2026) = 333.9520.

Coca-Cola Consolidated Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.263 241.428 4.514
201612 3.570 241.432 4.938
201703 3.479 243.801 4.765
201706 3.365 244.955 4.588
201709 3.348 246.819 4.530
201712 4.210 246.524 5.703
201803 3.908 249.554 5.230
201806 4.060 251.989 5.381
201809 4.339 252.439 5.740
201812 4.276 251.233 5.684
201903 4.258 254.202 5.594
201906 4.422 256.143 5.765
201909 4.671 256.759 6.075
201912 3.331 256.974 4.329
202003 3.468 258.115 4.487
202006 3.765 257.797 4.877
202009 4.060 260.280 5.209
202012 4.499 260.474 5.768
202103 5.066 264.877 6.387
202106 5.423 271.696 6.666
202109 6.167 274.310 7.508
202112 6.720 278.802 8.049
202203 7.785 287.504 9.043
202206 9.100 296.311 10.256
202209 10.979 296.808 12.353
202212 11.233 296.797 12.639
202303 12.298 301.836 13.607
202306 13.586 305.109 14.870
202309 15.237 307.789 16.532
202312 14.044 306.746 15.290
202403 15.715 312.332 16.803
202406 12.674 314.175 13.472
202409 13.216 315.301 13.998
202412 15.529 315.605 16.432
202503 15.909 319.799 16.613
202506 16.267 322.561 16.841
202509 16.221 324.800 16.678
202512 -9.490 324.054 -9.780
202603 -8.362 330.213 -8.457
202606 -6.522 333.952 -6.522

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 21.68 mean?
Coca-Cola Consolidated (FRA:CC5) has a Cyclically Adjusted PB Ratio of 21.68 as of Aug. 15, 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 Coca-Cola Consolidated and its competitors. This is 119% above median its historical median of 9.92. Over the past decade, Coca-Cola Consolidated's Cyclically Adjusted PB Ratio has ranged from 4.82 to 24.05. According to the industry distribution chart, Coca-Cola Consolidated ranks #83 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 97.6%.
Is Coca-Cola Consolidated's Cyclically Adjusted PB Ratio too high?
Coca-Cola Consolidated's current Cyclically Adjusted PB Ratio of 21.68 is 119% above median its 10-year median of 9.92. Over the past 10 years, this metric has ranged from a low of 4.82 to a high of 24.05. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.17. Coca-Cola Consolidated's value of 21.68 is 899.1% above this industry median. Based on the distribution chart, Coca-Cola Consolidated ranks #83 out of 85 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Coca-Cola Consolidated has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Consolidated's Cyclically Adjusted PB Ratio compare to PRMB and CELH?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola Consolidated ranks #83 out of 85 companies for Cyclically Adjusted PB Ratio. This places Coca-Cola Consolidated in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Coca-Cola Consolidated's value of 21.68 is 899.1% above this benchmark. Historically, Coca-Cola Consolidated's own Cyclically Adjusted PB Ratio has ranged from 4.82 to 24.05 over the past decade. While the company's 10-year median is 9.92 vs. the industry median of 2.17, Coca-Cola Consolidated 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 Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.17, based on 85 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. Coca-Cola Consolidated's current Cyclically Adjusted PB Ratio of 21.68 is 899.1% 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 Coca-Cola Consolidated and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola Consolidated's current Cyclically Adjusted PB Ratio is 21.68, which is 119% above median its own 10-year median of 9.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Consolidated stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola Consolidated (FRA:CC5) is currently considered Fairly Valued. The stock's GF Value™ is €151.35, compared to a current price of €162.60 — trading 7.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 21.68, which is 119% above median its 10-year median of 9.92 and 899.1% above the Beverages - Non-Alcoholic industry median of 2.17. Coca-Cola Consolidated's overall GF Score™ is 83/100. 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 Coca-Cola Consolidated (FRA:CC5), the current Cyclically Adjusted PB Ratio is 21.68 as of Aug. 15, 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 Coca-Cola Consolidated (FRA:CC5) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola Consolidated stock appears to be overvalued. The current stock price of €162.60 is trading 7.4% above its estimated GF Value™ of €151.35. GuruFocus considers Coca-Cola Consolidated to be Fairly Valued.

Key valuation signals for FRA:CC5:

  • Cyclically Adjusted PB Ratio: 21.68 (119% above median its 10-year median of 9.92)
  • GF Value™: €151.35 vs. price of €162.60 (7.4% above fair value)
  • GF Score™: 83/100
  • Industry Position: 899.1% above the Beverages - Non-Alcoholic median (#83 of 85)

No single metric tells the full story. See the FRA:CC5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coca-Cola Consolidated Business Description

Address 4100 Coca-Cola Plaza, Charlotte, NC, USA, 28211
Coca-Cola Consolidated Inc distributes, markets, and manufactures nonalcoholic beverages. It offers a range of nonalcoholic beverage products and flavors, including both sparkling and still beverages. Sparkling beverages are carbonated beverages, and the Company's principal sparkling beverage is Coca-Cola. Still beverages include energy products and non-carbonated beverages such as bottled water, ready-to-drink tea, ready-to-drink coffee, enhanced water, juices, and sports drinks. The Company has two operating segments: Nonalcoholic Beverages and All Other. Key revenue is generated from Nonalcoholic Beverages.
83GF Score

Get the complete analysis for FRA:CC5

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

€162.60
Price
€151.35
GF Value