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Pick N Pay StoresJSE:PIK -1.91%63 Cyclically Adjusted PB Ratio is 2.37 as of Jul. 15, 2026, which is 66% below its 10-year median of 6.95. GuruFocus rates JSE:PIK with a GF Score™ of 63/100 and a GF Value™ of R24.21 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 809 Retail - Cyclical companies, Pick N Pay Stores ranks worse than 72.93% on this metric.
The historical rank and industry rank for Pick N Pay Stores's Cyclically Adjusted PB Ratio or its related term are showing as below:
JSE:PIK'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.03 Med: 6.95 Max: 15.52
Current: 2.38
During the past 13 years, Pick N Pay Stores's highest Cyclically Adjusted PB Ratio was 15.52. The lowest was 2.03. And the median was 6.95.
JSE:PIK's Cyclically Adjusted PB Ratio is ranked worse than 72.93% of 809
companies
in the Retail - Cyclical industry
Industry Median: 1.25
vs JSE:PIK: 2.38
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.
Pick N Pay Stores's adjusted book value per share data of for the fiscal year that ended in Feb26 was R13.020. 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 R8.20 for the trailing ten years ended in Feb26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Pick N Pay Stores (JSE:PIK) 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.
Pick N Pay Stores Cyclically Adjusted PB Ratio Related Terms
Pick N Pay Stores Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Pick N Pay Stores'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.
Pick N Pay Stores Cyclically Adjusted PB Ratio Chart
JSE:PIK vs DDS, M: Cyclically Adjusted PB Ratio Comparison
For the Department Stores subindustry, Pick N Pay Stores'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.
Pick N Pay Stores Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pick N Pay Stores's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Pick N Pay Stores's Cyclically Adjusted PB Ratio falls into.
Pick N Pay Stores 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.
Pick N Pay Stores's Cyclically Adjusted PB Ratio for today is calculated as
* 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 2.37 mean?
Pick N Pay Stores (JSE:PIK) has a Cyclically Adjusted PB Ratio of 2.37 as of Jul. 15, 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 Pick N Pay Stores and its competitors. This is 66% below median its historical median of 6.95. Over the past decade, Pick N Pay Stores' Cyclically Adjusted PB Ratio has ranged from 2.03 to 15.52. According to the industry distribution chart, Pick N Pay Stores ranks #590 out of 809 companies in the Retail - Cyclical industry, placing it in the top 72.9%.
Is Pick N Pay Stores' Cyclically Adjusted PB Ratio too high?
Pick N Pay Stores' current Cyclically Adjusted PB Ratio of 2.37 is 66% below median its 10-year median of 6.95. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 15.52. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Pick N Pay Stores' value of 2.37 is 89.6% above this industry median. Based on the distribution chart, Pick N Pay Stores ranks #590 out of 809 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Pick N Pay Stores has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pick N Pay Stores' Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Pick N Pay Stores ranks #590 out of 809 companies for Cyclically Adjusted PB Ratio. This places Pick N Pay Stores in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Pick N Pay Stores' value of 2.37 is 89.6% above this benchmark. Historically, Pick N Pay Stores' own Cyclically Adjusted PB Ratio has ranged from 2.03 to 15.52 over the past decade. While the company's 10-year median is 6.95 vs. the industry median of 1.25, Pick N Pay Stores 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 809 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. Pick N Pay Stores's current Cyclically Adjusted PB Ratio of 2.37 is 89.6% 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 Pick N Pay Stores and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pick N Pay Stores's current Cyclically Adjusted PB Ratio is 2.37, which is 66% below median its own 10-year median of 6.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pick N Pay Stores stock overvalued right now?
Based on GuruFocus' analysis, Pick N Pay Stores (JSE:PIK) is currently considered Modestly Undervalued. The stock's GF Value™ is R24.21, compared to a current price of R19.47 — trading 19.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.37, which is 66% below median its 10-year median of 6.95 and 89.6% above the Retail - Cyclical industry median of 1.25. Pick N Pay Stores' overall GF Score™ is 63/100 with 2 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 Pick N Pay Stores (JSE:PIK), the current Cyclically Adjusted PB Ratio is 2.37 as of Jul. 15, 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 Pick N Pay Stores (JSE:PIK) Overvalued in 2026?
Based on GuruFocus' analysis, Pick N Pay Stores stock appears to be undervalued.
The current stock price of R19.47 is trading 19.6% below its estimated GF Value™ of R24.21.
GuruFocus considers Pick N Pay Stores to be Modestly Undervalued.
Key valuation signals for JSE:PIK:
Cyclically Adjusted PB Ratio: 2.37 (66% below median its 10-year median of 6.95)
GF Value™: R24.21 vs. price of R19.47 (19.6% below fair value)
Industry Position: 89.6% above the Retail - Cyclical median (#590 of 809)
No single metric tells the full story. See the JSE:PIK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pick N Pay Stores Ltd is a South African multiformat and multichannel retailer. The company operates in South Africa, Namibia, Botswana, Zambia, Mauritius, Swaziland, and Lesotho. The company offers food and groceries, clothing, general merchandise, and services across multiple store formats, both franchised and owned. The customer base is mainly represented by middle-income South African consumer. The portfolio of stores is composed of supermarkets, hypermarkets, local shops, express shops, clothing shops, liquor stores, and others.
63GF Score
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