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Anadolu Efes Biracilik ve Maltnayi ASIST:AEFES +0.42%80 Cyclically Adjusted PB Ratio is 2.65 as of Aug. 16, 2026, which is 35% above its 10-year median of 1.96. GuruFocus rates IST:AEFES with a GF Score™ of 80/100 and a GF Value™ of ₺17.71 (Fairly Valued). The stock has 4 warning signs investors should review. Among 86 Beverages - Non-Alcoholic companies, Anadolu Efes Biracilik ve Maltnayi AS ranks worse than 56.98% on this metric.
The historical rank and industry rank for Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:
IST:AEFES'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1 Med: 1.96 Max: 7.63
Current: 2.65
During the past years, Anadolu Efes Biracilik ve Maltnayi AS's highest Cyclically Adjusted PB Ratio was 7.63. The lowest was 1.10. And the median was 1.96.
IST:AEFES's Cyclically Adjusted PB Ratio is ranked worse than 56.98% of 86
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.285
vs IST:AEFES: 2.65
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.
Anadolu Efes Biracilik ve Maltnayi AS's adjusted book value per share data for the three months ended in Jun. 2026 was ₺21.218. 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 ₺7.29 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) 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.
Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio Related Terms
Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio Historical Data
* 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.
Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio Chart
IST:AEFES vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison
For the Beverages - Non-Alcoholic subindustry, Anadolu Efes Biracilik ve Maltnayi AS'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.
Anadolu Efes Biracilik ve Maltnayi AS Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio falls into.
Anadolu Efes Biracilik ve Maltnayi AS 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.
* 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.
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 2.65 mean?
Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) has a Cyclically Adjusted PB Ratio of 2.65 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 Anadolu Efes Biracilik ve Maltnayi AS and its competitors. This is 35% above median its historical median of 1.96. Over the past decade, Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio has ranged from 1.10 to 7.63. According to the industry distribution chart, Anadolu Efes Biracilik ve Maltnayi AS ranks #49 out of 86 companies in the Beverages - Non-Alcoholic industry, placing it in the top 57%.
Is Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio too high?
Anadolu Efes Biracilik ve Maltnayi AS's current Cyclically Adjusted PB Ratio of 2.65 is 35% above median its 10-year median of 1.96. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 7.63. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.29. Anadolu Efes Biracilik ve Maltnayi AS's value of 2.65 is 16% above this industry median. Based on the distribution chart, Anadolu Efes Biracilik ve Maltnayi AS ranks #49 out of 86 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Anadolu Efes Biracilik ve Maltnayi AS has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Anadolu Efes Biracilik ve Maltnayi AS's Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Anadolu Efes Biracilik ve Maltnayi AS ranks #49 out of 86 companies for Cyclically Adjusted PB Ratio. This places Anadolu Efes Biracilik ve Maltnayi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.29. Anadolu Efes Biracilik ve Maltnayi AS's value of 2.65 is 16% above this benchmark. Historically, Anadolu Efes Biracilik ve Maltnayi AS's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 7.63 over the past decade. While the company's 10-year median is 1.96 vs. the industry median of 2.29, Anadolu Efes Biracilik ve Maltnayi AS 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 2.29, based on 86 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. Anadolu Efes Biracilik ve Maltnayi AS's current Cyclically Adjusted PB Ratio of 2.65 is 16% 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 Anadolu Efes Biracilik ve Maltnayi AS and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anadolu Efes Biracilik ve Maltnayi AS's current Cyclically Adjusted PB Ratio is 2.65, which is 35% above median its own 10-year median of 1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anadolu Efes Biracilik ve Maltnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) is currently considered Fairly Valued. The stock's GF Value™ is ₺17.71, compared to a current price of ₺19.33 — trading 9.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.65, which is 35% above median its 10-year median of 1.96 and 16% above the Beverages - Non-Alcoholic industry median of 2.29. Anadolu Efes Biracilik ve Maltnayi AS's overall GF Score™ is 80/100 with 4 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 Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES), the current Cyclically Adjusted PB Ratio is 2.65 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 Anadolu Efes Biracilik ve Maltnayi AS (IST:AEFES) Overvalued in 2026?
Based on GuruFocus' analysis, Anadolu Efes Biracilik ve Maltnayi AS stock appears to be overvalued.
The current stock price of ₺19.33 is trading 9.1% above its estimated GF Value™ of ₺17.71.
GuruFocus considers Anadolu Efes Biracilik ve Maltnayi AS to be Fairly Valued.
Key valuation signals for IST:AEFES:
Cyclically Adjusted PB Ratio: 2.65 (35% above median its 10-year median of 1.96)
GF Value™: ₺17.71 vs. price of ₺19.33 (9.1% above fair value)
Industry Position: 16% above the Beverages - Non-Alcoholic median (#49 of 86)
No single metric tells the full story. See the IST:AEFES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under several brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. The group operates in two segments: Beer Operations (Beer Group) and Soft Drinks Operations (Soft Drinks), and the majority of its revenue is generated from the soft drinks segment.
80GF Score
Get the complete analysis for IST:AEFES
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