The Campbell's Co (FRA:CSC) Cyclically Adjusted PB Ratio: 2.09 (As of Jul. 11, 2026) — 73% Below Median


FRA:CSC The Campbell's Co FRA:CSC
58 GF Score
Price €18.36
GF Value €34.53
Valuation Possible Value Trap
! 7 Warning Signs
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What is The Campbell's Co Cyclically Adjusted PB Ratio?

The Campbell's Co FRA:CSC -5.02% 58 Cyclically Adjusted PB Ratio is 2.09 as of Jul. 11, 2026, which is 73% below its 10-year median of 7.70. GuruFocus rates FRA:CSC with a GF Score™ of 58/100 and a GF Value™ of €34.53 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, The Campbell's Co ranks worse than 66.09% on this metric.

As of today (2026-07-11), The Campbell's Co's current share price is €18.362. The Campbell's Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was €8.80. The Campbell's Co's Cyclically Adjusted PB Ratio for today is 2.09.

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

FRA:CSC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88   Med: 7.7   Max: 16.05
Current: 2.01

During the past years, The Campbell's Co's highest Cyclically Adjusted PB Ratio was 16.05. The lowest was 1.88. And the median was 7.70.

FRA:CSC's Cyclically Adjusted PB Ratio is ranked worse than
66.09% of 1442 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs FRA:CSC: 2.01

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.

The Campbell's Co's adjusted book value per share data for the three months ended in Apr. 2026 was €11.551. 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 €8.80 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Campbell's Co  (FRA:CSC) 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.


The Campbell's Co Cyclically Adjusted PB Ratio Related Terms


The Campbell's Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Campbell's Co'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.

The Campbell's Co Cyclically Adjusted PB Ratio Chart

The Campbell's Co Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.35 6.91 5.67 5.22 3.24

The Campbell's Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 3.79 3.24 2.99 2.72 1.95

FRA:CSC vs PPC, CAG, LW: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, The Campbell's Co'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.


The Campbell's Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


FRA:CSC
58GF Score
The Campbell's Co FRA:CSC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Campbell's Co 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.

The Campbell's Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.362/8.80
=2.09

* 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.

The Campbell's Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, The Campbell's Co's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=11.551/333.0200*333.0200
=11.551

Current CPI (Apr. 2026) = 333.0200.

The Campbell's Co Quarterly Data

Book Value per Share CPI Adj_Book
201607 4.481 240.628 6.202
201610 4.700 241.729 6.475
201701 4.530 242.839 6.212
201704 4.545 244.524 6.190
201707 4.715 244.786 6.415
201710 4.753 246.663 6.417
201801 5.290 247.867 7.107
201804 3.802 250.546 5.054
201807 3.879 252.006 5.126
201810 4.064 252.885 5.352
201901 3.693 251.712 4.886
201904 3.631 255.548 4.732
201907 3.269 256.571 4.243
201910 3.709 257.346 4.800
202001 7.441 257.971 9.606
202004 7.844 256.389 10.188
202007 7.383 259.101 9.489
202010 7.768 260.388 9.935
202101 7.917 261.582 10.079
202104 8.258 267.054 10.298
202107 8.830 273.003 10.771
202110 9.234 276.589 11.118
202201 9.806 281.148 11.615
202204 10.473 289.109 12.064
202207 10.951 296.276 12.309
202210 11.769 298.012 13.152
202301 11.170 299.170 12.434
202304 10.975 303.363 12.048
202307 11.106 305.691 12.099
202310 11.933 307.671 12.916
202401 11.853 308.417 12.799
202404 12.234 313.548 12.994
202407 11.717 314.540 12.405
202410 11.831 315.664 12.481
202501 12.670 317.671 13.282
202504 11.551 320.795 11.991
202507 11.217 323.048 11.563
202510 11.407 0.000
202601 11.432 325.252 11.705
202604 11.551 333.020 11.551

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 2.09 mean?
The Campbell's Co (FRA:CSC) has a Cyclically Adjusted PB Ratio of 2.09 as of Jul. 11, 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 The Campbell's Co and its competitors. This is 73% below median its historical median of 7.70. Over the past decade, The Campbell's Co's Cyclically Adjusted PB Ratio has ranged from 1.88 to 16.05. According to the industry distribution chart, The Campbell's Co ranks #953 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 66.1%.
Is The Campbell's Co's Cyclically Adjusted PB Ratio too high?
The Campbell's Co's current Cyclically Adjusted PB Ratio of 2.09 is 73% below median its 10-year median of 7.70. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 16.05. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. The Campbell's Co's value of 2.09 is 64.6% above this industry median. Based on the distribution chart, The Campbell's Co ranks #953 out of 1442 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, The Campbell's Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Campbell's Co's Cyclically Adjusted PB Ratio compare to PPC and CAG?
According to the Consumer Packaged Goods industry distribution chart, The Campbell's Co ranks #953 out of 1442 companies for Cyclically Adjusted PB Ratio. This places The Campbell's Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. The Campbell's Co's value of 2.09 is 64.6% above this benchmark. Historically, The Campbell's Co's own Cyclically Adjusted PB Ratio has ranged from 1.88 to 16.05 over the past decade. While the company's 10-year median is 7.70 vs. the industry median of 1.27, The Campbell's Co 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 1.27, based on 1,442 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. The Campbell's Co's current Cyclically Adjusted PB Ratio of 2.09 is 64.6% 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 The Campbell's Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Campbell's Co's current Cyclically Adjusted PB Ratio is 2.09, which is 73% below median its own 10-year median of 7.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Campbell's Co stock overvalued right now?
Based on GuruFocus' analysis, The Campbell's Co (FRA:CSC) is currently considered Possible Value Trap. The stock's GF Value™ is €34.53, compared to a current price of €18.36 — trading 46.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.09, which is 73% below median its 10-year median of 7.70 and 64.6% above the Consumer Packaged Goods industry median of 1.27. The Campbell's Co's overall GF Score™ is 58/100 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 The Campbell's Co (FRA:CSC), the current Cyclically Adjusted PB Ratio is 2.09 as of Jul. 11, 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 The Campbell's Co (FRA:CSC) Overvalued in 2026?

Based on GuruFocus' analysis, The Campbell's Co stock appears to be undervalued. The current stock price of €18.36 is trading 46.8% below its estimated GF Value™ of €34.53. GuruFocus considers The Campbell's Co to be Possible Value Trap.

Key valuation signals for FRA:CSC:

  • Cyclically Adjusted PB Ratio: 2.09 (73% below median its 10-year median of 7.70)
  • GF Value™: €34.53 vs. price of €18.36 (46.8% below fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 64.6% above the Consumer Packaged Goods median (#953 of 1442)

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


The Campbell's Co Business Description

Address 1 Campbell Place, Camden, NJ, USA, 08103-1799
Over the past 150-plus years, Campbell's has evolved into a leading domestic packaged food manufacturer, with a portfolio that extends beyond its iconic red-and-white labeled canned soup. In fiscal 2025 (July year-end), snacks accounted for 43% of its revenue, followed by soup (27%), other simple meals (23%), and beverages (7%). Beyond its namesake, its brands include Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and, most recently, Rao's (a deal that closed in 2024). Around 90% of its revenue results from the US and the remainder from Canada and Latin America.
58GF Score

Get the complete analysis for FRA:CSC

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

€18.36
Price
€34.53
GF Value