Beckett`s (FRA:T270) Cyclically Adjusted PB Ratio: 0.20 (As of Aug. 16, 2026) — 50% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

What is Beckett`s Cyclically Adjusted PB Ratio?

Beckett`s FRA:T270 Cyclically Adjusted PB Ratio is 0.20 as of Aug. 16, 2026, which is 50% below its 10-year median of 0.40. The stock has 3 warning signs investors should review. Among 164 Beverages - Alcoholic companies, Beckett`s ranks better than 93.9% on this metric.

As of today (2026-08-16), Beckett`s's current share price is €0.004. Beckett`s's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.02. Beckett`s's Cyclically Adjusted PB Ratio for today is 0.20.

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

FRA:T270' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.4   Max: 8.3
Current: 0.19

During the past years, Beckett`s's highest Cyclically Adjusted PB Ratio was 8.30. The lowest was 0.10. And the median was 0.40.

FRA:T270's Cyclically Adjusted PB Ratio is ranked better than
93.9% of 164 companies
in the Beverages - Alcoholic industry
Industry Median: 1.43 vs FRA:T270: 0.19

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.

Beckett`s's adjusted book value per share data for the three months ended in Mar. 2026 was €-0.001. 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 €0.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Beckett`s  (FRA:T270) 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.


Beckett`s Cyclically Adjusted PB Ratio Related Terms


Beckett`s Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Beckett`s'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.

Beckett`s Cyclically Adjusted PB Ratio Chart

Beckett`s 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 0.00 0.00 4.46 0.48 0.29

Beckett`s Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.72 0.00 0.38 0.29 0.29

FRA:T270 vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Beckett`s'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.


Beckett`s Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

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

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



Beckett`s 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.

Beckett`s's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.004/0.02
=0.20

* 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.

Beckett`s's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Beckett`s's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.001/132.2623*132.2623
=-0.001

Current CPI (Mar. 2026) = 132.2623.

Beckett`s Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.011 102.002 0.014
201609 0.008 101.765 0.010
201612 0.042 101.449 0.055
201703 0.041 102.634 0.053
201706 0.038 103.029 0.049
201709 0.037 103.345 0.047
201712 0.038 103.345 0.049
201803 0.035 105.004 0.044
201806 0.062 105.557 0.078
201809 0.055 105.636 0.069
201812 0.049 105.399 0.061
201903 0.040 106.979 0.049
201906 0.079 107.690 0.097
201909 0.071 107.611 0.087
201912 0.065 107.769 0.080
202003 0.057 107.927 0.070
202006 0.056 108.401 0.068
202009 0.048 108.164 0.059
202012 0.045 108.559 0.055
202103 0.042 110.298 0.050
202106 0.044 111.720 0.052
202109 0.034 112.905 0.040
202112 0.031 113.774 0.036
202203 0.027 117.646 0.030
202206 0.023 120.806 0.025
202209 0.018 120.648 0.020
202212 0.010 120.964 0.011
202303 0.009 122.702 0.010
202306 0.001 124.203 0.001
202309 -0.007 125.230 -0.007
202312 -0.012 125.072 -0.013
202403 -0.004 126.258 -0.004
202406 -0.007 127.522 -0.007
202409 0.002 127.285 0.002
202412 0.001 127.364 0.001
202503 0.000 129.181 0.000
202506 0.000 129.892 0.000
202509 0.000 130.287 0.000
202512 -0.001 130.366 -0.001
202603 -0.001 132.262 -0.001

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 0.20 mean?
Beckett`s (FRA:T270) has a Cyclically Adjusted PB Ratio of 0.20 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 Beckett`s and its competitors. This is 50% below median its historical median of 0.40. Over the past decade, Beckett`s' Cyclically Adjusted PB Ratio has ranged from 0.10 to 8.30. According to the industry distribution chart, Beckett`s ranks #10 out of 164 companies in the Beverages - Alcoholic industry, placing it in the top 6.1%.
Is Beckett`s' Cyclically Adjusted PB Ratio too high?
Beckett`s' current Cyclically Adjusted PB Ratio of 0.20 is 50% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 8.30. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.43. Beckett`s' value of 0.20 is 86% below this industry median. Based on the distribution chart, Beckett`s ranks #10 out of 164 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers.
How does Beckett`s' Cyclically Adjusted PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Beckett`s ranks #10 out of 164 companies for Cyclically Adjusted PB Ratio. This places Beckett`s in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.43. Beckett`s' value of 0.20 is 86% below this benchmark. Historically, Beckett`s' own Cyclically Adjusted PB Ratio has ranged from 0.10 to 8.30 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.43, Beckett`s 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.43, based on 164 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. Beckett`s's current Cyclically Adjusted PB Ratio of 0.20 is 86% 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 Beckett`s and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beckett`s's current Cyclically Adjusted PB Ratio is 0.20, which is 50% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beckett`s stock overvalued right now?
Beckett`s (FRA:T270) has a current Cyclically Adjusted PB Ratio of 0.20. The current Cyclically Adjusted PB Ratio is 0.20, which is 50% below median its 10-year median of 0.40 and 86% below the Beverages - Alcoholic industry median of 1.43. 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 Beckett`s (FRA:T270), the current Cyclically Adjusted PB Ratio is 0.20 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.

Beckett`s Business Description

Other Exchanges BKTS:Canada
Address 181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9
Beckett`s Inc develops, markets and distributes liquor-inspired, non-alcoholic beverages, including ready-to-drink sparkling cocktails, spirits alternatives, and non-alcoholic spirits and liqueurs under the Beckett's brand. Its products include Beckett's Flying Mule Moscow Mule Sparkling Cocktail, Beckett's Mystic Dove Paloma Sparkling Cocktail, Beckett's Stone Daisy Lime Margarita Sparkling Cocktail, Beckett's Juniper Fly Gin & Tonic Sparkling Cocktail, Beckett's 27 Coconut Rum, Beckett's 27 Cinnamon Whiskey, Beckett's 27 Amaretto, and Beckett's 27 Coffee Liqueur.