Choppies Enterprises (JSE:CHP) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.

JSE:CHP Choppies Enterprises Ltd JSE:CHP
34 GF Score
Price R0.82
GF Value R0.80
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Choppies Enterprises Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Choppies Enterprises  (JSE:CHP) 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.


Choppies Enterprises Cyclically Adjusted PB Ratio Related Terms


Choppies Enterprises Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Choppies Enterprises'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.

Choppies Enterprises Cyclically Adjusted PB Ratio Chart

Choppies Enterprises Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 0.95 1.23 1.58 6.37

Choppies Enterprises Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.16 1.28 1.70 4.32 26.00

JSE:CHP vs KR, SFM: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, Choppies Enterprises'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.


Choppies Enterprises Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Choppies Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


JSE:CHP
34GF Score
Choppies Enterprises Ltd JSE:CHP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Choppies Enterprises 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.

Choppies Enterprises's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Choppies Enterprises's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=0.165/322.5610*322.5610
=0.165

Current CPI (Jun25) = 322.5610.

Choppies Enterprises Annual Data

Book Value per Share CPI Adj_Book
201606 1.496 241.018 2.002
201706 0.993 244.955 1.308
201806 0.571 251.989 0.731
201906 -0.080 256.143 -0.101
202006 -0.517 257.797 -0.647
202106 -0.441 271.696 -0.524
202206 -0.339 296.311 -0.369
202306 0.032 305.109 0.034
202406 0.101 314.175 0.104
202506 0.165 322.561 0.165

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 Choppies Enterprises (JSE:CHP) Overvalued in 2026?

Based on GuruFocus' analysis, Choppies Enterprises stock appears to be overvalued. The current stock price of R0.82 is trading 2.5% above its estimated GF Value™ of R0.80. GuruFocus considers Choppies Enterprises to be Fairly Valued.

Key valuation signals for JSE:CHP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R0.80 vs. price of R0.82 (2.5% above fair value)
  • GF Score™: 34/100 with 3 warning signs

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


Choppies Enterprises Business Description

Other Exchanges CHOPPIES:Botswana
Address Plot 169, Gaborone International Commerce Park, Gaborone, BWA, 00278
Choppies Enterprises Ltd operates a supermarket chain in Botswana. The company's supermarkets offer international food brands, fast-moving consumer goods products, and Choppies private label products. Its product offerings include groceries, fresh fruit and vegetables, bakery goods, butchery items, takeaways, and value-added financial services. The company's segments include Botswana, Zambia, Zimbabwe, Kamoso Liquor, Rest of Kamoso, and Namibia, with the majority of its revenue derived from Botswana.
34GF Score

Get the complete analysis for JSE:CHP

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

R0.82
Price
R0.80
GF Value