BellRing Brands (FRA:D51) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

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:D51 BellRing Brands Inc FRA:D51
68 GF Score
Price €10.78
GF Value €59.62
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is BellRing Brands Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


BellRing Brands  (FRA:D51) 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.


BellRing Brands Cyclically Adjusted PB Ratio Related Terms


BellRing Brands Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BellRing Brands'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.

BellRing Brands Cyclically Adjusted PB Ratio Chart

BellRing Brands Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BellRing Brands 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 0.00 0.00 0.00 0.00 0.00

FRA:D51 vs JJSF, NOMD, FLO: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, BellRing Brands'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.


BellRing Brands Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


FRA:D51
68GF Score
BellRing Brands Inc FRA:D51
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BellRing Brands 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.

BellRing Brands's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep25 is calculated as:

For example, BellRing Brands's adjusted Book Value per Share data for the fiscal year that ended in Sep25 was:

Adj_Book=Book Value per Share/CPI of Sep25 (Change)*Current CPI (Sep25)
=-3.201/324.8000*324.8000
=-3.201

Current CPI (Sep25) = 324.8000.

BellRing Brands Annual Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201709 13.547 246.819 17.827
201809 12.904 252.439 16.603
201909 14.722 256.759 18.623
202009 -46.997 260.280 -58.647
202109 -65.892 274.310 -78.020
202209 -2.808 296.808 -3.073
202309 -2.310 307.789 -2.438
202409 -1.440 315.301 -1.483
202509 -3.201 324.800 -3.201

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 BellRing Brands (FRA:D51) Overvalued in 2026?

Based on GuruFocus' analysis, BellRing Brands stock appears to be undervalued. The current stock price of €10.78 is trading 81.9% below its estimated GF Value™ of €59.62. GuruFocus considers BellRing Brands to be Significantly Undervalued.

Key valuation signals for FRA:D51:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €59.62 vs. price of €10.78 (81.9% below fair value)
  • GF Score™: 68/100 with 1 warning sign

No single metric tells the full story. See the FRA:D51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BellRing Brands Business Description

Address 2503 South Hanley Road, St. Louis, MO, USA, 63144
BellRing Brands Inc is a United States-based company engaged in providing nutrition-related products. Its brands, Premier Protein, Dymatize, and PowerBar provides various products including ready-to-drink protein shakes, powders and nutrition bars. The company's products are distributed through a diverse network of channel including club, food, drug and mass, eCommerce, convenience and specialty.
68GF Score

Get the complete analysis for FRA:D51

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

€10.78
Price
€59.62
GF Value