JBFCY (Jollibee Foods) Cyclically Adjusted PB Ratio: 2.20 (As of Jul. 23, 2026) — 55% Below 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.

JBFCY Jollibee Foods Corp JBFCY
70 GF Score
Price $9.60
GF Value $19.32
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Jollibee Foods Cyclically Adjusted PB Ratio?

Jollibee Foods JBFCY -0.83% 70 Cyclically Adjusted PB Ratio is 2.20 as of Jul. 23, 2026, which is 55% below its 10-year median of 4.92. GuruFocus rates JBFCY with a GF Score™ of 70/100 and a GF Value™ of $19.32 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 254 Restaurants companies, Jollibee Foods ranks worse than 58.27% on this metric.

As of today (2026-07-23), Jollibee Foods's current share price is $9.60. Jollibee Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.36. Jollibee Foods's Cyclically Adjusted PB Ratio for today is 2.20.

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

JBFCY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.97   Med: 4.92   Max: 12.56
Current: 2.29

During the past years, Jollibee Foods's highest Cyclically Adjusted PB Ratio was 12.56. The lowest was 1.97. And the median was 4.92.

JBFCY's Cyclically Adjusted PB Ratio is ranked worse than
58.27% of 254 companies
in the Restaurants industry
Industry Median: 1.805 vs JBFCY: 2.29

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.

Jollibee Foods's adjusted book value per share data for the three months ended in Mar. 2026 was $3.906. 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 $4.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jollibee Foods  (OTCPK:JBFCY) 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.


Jollibee Foods Cyclically Adjusted PB Ratio Related Terms


Jollibee Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jollibee Foods'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.

Jollibee Foods Cyclically Adjusted PB Ratio Chart

Jollibee Foods 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 5.12 4.71 4.68 4.53 2.86

Jollibee Foods 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 3.85 3.50 3.42 2.86 2.75

JBFCY vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Jollibee Foods'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.


Jollibee Foods Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Jollibee Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


JBFCY
70GF Score
Jollibee Foods Corp JBFCY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jollibee Foods 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.

Jollibee Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.60/4.36
=2.20

* 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.

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

For example, Jollibee Foods'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)
=3.906/330.2130*330.2130
=3.906

Current CPI (Mar. 2026) = 330.2130.

Jollibee Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.934 241.018 2.650
201609 2.026 241.428 2.771
201612 2.048 241.432 2.801
201703 2.119 243.801 2.870
201706 2.229 244.955 3.005
201709 2.302 246.819 3.080
201712 2.384 246.524 3.193
201803 2.594 249.554 3.432
201806 2.653 251.989 3.477
201809 2.820 252.439 3.689
201812 2.865 251.233 3.766
201903 2.979 254.202 3.870
201906 2.956 256.143 3.811
201909 3.064 256.759 3.941
201912 3.209 256.974 4.124
202003 4.727 258.115 6.047
202006 4.124 257.797 5.282
202009 3.973 260.280 5.040
202012 4.034 260.474 5.114
202103 4.036 264.877 5.032
202106 4.054 271.696 4.927
202109 4.244 274.310 5.109
202112 3.721 278.802 4.407
202203 3.860 287.504 4.433
202206 3.931 296.311 4.381
202209 4.119 296.808 4.583
202212 4.073 296.797 4.532
202303 4.172 301.836 4.564
202306 4.223 305.109 4.570
202309 4.383 307.789 4.702
202312 4.398 306.746 4.734
202403 4.558 312.332 4.819
202406 4.701 314.175 4.941
202409 4.881 315.301 5.112
202412 4.680 315.605 4.897
202503 3.562 319.799 3.678
202506 3.718 322.561 3.806
202509 3.856 324.800 3.920
202512 3.830 324.054 3.903
202603 3.906 330.213 3.906

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 2.20 mean?
Jollibee Foods (JBFCY) has a Cyclically Adjusted PB Ratio of 2.20 as of Jul. 23, 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 Jollibee Foods and its competitors. This is 55% below median its historical median of 4.92. Over the past decade, Jollibee Foods' Cyclically Adjusted PB Ratio has ranged from 1.97 to 12.56. According to the industry distribution chart, Jollibee Foods ranks #148 out of 254 companies in the Restaurants industry, placing it in the top 58.3%.
Is Jollibee Foods' Cyclically Adjusted PB Ratio too high?
Jollibee Foods' current Cyclically Adjusted PB Ratio of 2.20 is 55% below median its 10-year median of 4.92. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 12.56. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.81. Jollibee Foods' value of 2.20 is 21.9% above this industry median. Based on the distribution chart, Jollibee Foods ranks #148 out of 254 companies in the Restaurants industry, which is below the industry midpoint. Overall, Jollibee Foods has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jollibee Foods' Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Jollibee Foods ranks #148 out of 254 companies for Cyclically Adjusted PB Ratio. This places Jollibee Foods in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.81. Jollibee Foods' value of 2.20 is 21.9% above this benchmark. Historically, Jollibee Foods' own Cyclically Adjusted PB Ratio has ranged from 1.97 to 12.56 over the past decade. While the company's 10-year median is 4.92 vs. the industry median of 1.81, Jollibee Foods 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.81, based on 254 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. Jollibee Foods's current Cyclically Adjusted PB Ratio of 2.20 is 21.9% 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 Jollibee Foods and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jollibee Foods's current Cyclically Adjusted PB Ratio is 2.20, which is 55% below median its own 10-year median of 4.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jollibee Foods stock overvalued right now?
Based on GuruFocus' analysis, Jollibee Foods (JBFCY) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.32, compared to a current price of $9.60 — trading 50.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.20, which is 55% below median its 10-year median of 4.92 and 21.9% above the Restaurants industry median of 1.81. Jollibee Foods' overall GF Score™ is 70/100 with 3 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 Jollibee Foods (JBFCY), the current Cyclically Adjusted PB Ratio is 2.20 as of Jul. 23, 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 Jollibee Foods (JBFCY) Overvalued in 2026?

Based on GuruFocus' analysis, Jollibee Foods stock appears to be undervalued. The current stock price of $9.60 is trading 50.3% below its estimated GF Value™ of $19.32. GuruFocus considers Jollibee Foods to be Significantly Undervalued.

Key valuation signals for JBFCY:

  • Cyclically Adjusted PB Ratio: 2.20 (55% below median its 10-year median of 4.92)
  • GF Value™: $19.32 vs. price of $9.60 (50.3% below fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 21.9% above the Restaurants median (#148 of 254)

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


Jollibee Foods Business Description

Other Exchanges JBFCF:USAJFC:Philippines
Address 10 F. Ortigas Junior avenue, 10th Floor, Jollibee Plaza Building, Ortigas Centre, Pasig, PHL, 1605
Jollibee Foods Corp is engaged in operating and franchising quick-service restaurants (QSRs). The company has three business segments: the Food Service segment, which is involved in the operation of QSRs and the manufacture of food products to be sold to JFC Group-owned and franchised QSR outlets; the Franchising segment, which is involved in franchising the JFC Group's QSR store concepts; and the Support Services segment, which provides various services mainly to the Jollibee Group's independent franchisees. The Group's geographical segments are based on the location of the assets producing revenues in the Philippines and in other locations, including PRC, USA, Canada, Vietnam, Singapore, Malaysia, Italy, the UK, UAE, Hong Kong, Macau, Brunei, Taiwan, and South Korea.
70GF Score

Get the complete analysis for JBFCY

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

$9.60
Price
$19.32
GF Value