Haleon Pakistan (KAR:HALEON) Cyclically Adjusted PB Ratio: 10.49 (As of Sep. 12, 2026) — 10% Below Median

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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.
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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.

KAR:HALEON Haleon Pakistan Ltd KAR:HALEON
91 GF Score
Price ₨698.06
GF Value ₨764.93
Valuation Fairly Valued
! 2 Warning Signs
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What is Haleon Pakistan Cyclically Adjusted PB Ratio?

Haleon Pakistan KAR:HALEON +0.54% 91 Cyclically Adjusted PB Ratio is 10.49 as of Sep. 12, 2026, which is 10% below its 10-year median of 11.71. GuruFocus rates KAR:HALEON with a GF Score™ of 91/100 and a GF Value™ of ₨764.93 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,270 Consumer Packaged Goods companies, Haleon Pakistan ranks worse than 96.54% on this metric.

As of today (2026-09-12), Haleon Pakistan's current share price is ₨698.06. Haleon Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₨66.55. Haleon Pakistan's Cyclically Adjusted PB Ratio for today is 10.49.

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

KAR:HALEON' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.35   Med: 11.71   Max: 12.74
Current: 10.94

During the past years, Haleon Pakistan's highest Cyclically Adjusted PB Ratio was 12.74. The lowest was 10.35. And the median was 11.71.

KAR:HALEON's Cyclically Adjusted PB Ratio is ranked worse than
96.54% of 1270 companies
in the Consumer Packaged Goods industry
Industry Median: 1.265 vs KAR:HALEON: 10.94

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.

Haleon Pakistan's adjusted book value per share data for the three months ended in Jun. 2026 was ₨138.757. 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 ₨66.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Haleon Pakistan  (KAR:HALEON) 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.


Haleon Pakistan Cyclically Adjusted PB Ratio Related Terms


Haleon Pakistan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Haleon Pakistan'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.

Haleon Pakistan Cyclically Adjusted PB Ratio Chart

Haleon Pakistan 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 0.00 0.00 0.00

Haleon Pakistan Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 10.78 12.10

KAR:HALEON vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Haleon Pakistan'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.


Haleon Pakistan Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Haleon Pakistan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


KAR:HALEON
91GF Score
Haleon Pakistan Ltd KAR:HALEON
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Haleon Pakistan 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.

Haleon Pakistan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=698.06/66.55
=10.49

* 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.

Haleon Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Haleon Pakistan's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=138.757/333.9520*333.9520
=138.757

Current CPI (Jun. 2026) = 333.9520.

Haleon Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 16.709 241.432 23.112
201703 18.248 243.801 24.996
201706 19.928 244.955 27.168
201709 21.880 246.819 29.604
201712 24.038 246.524 32.563
201803 21.466 249.554 28.726
201806 22.481 251.989 29.793
201809 24.053 252.439 31.820
201812 32.762 251.233 43.549
201903 34.192 254.202 44.919
201906 32.963 256.143 42.976
201909 35.351 256.759 45.979
201912 38.449 256.974 49.967
202003 41.017 258.115 53.068
202006 39.289 257.797 50.895
202009 41.817 260.280 53.653
202012 44.115 260.474 56.560
202103 49.369 264.877 62.244
202106 50.040 271.696 61.506
202109 53.148 274.310 64.704
202112 57.368 278.802 68.716
202203 62.123 287.504 72.159
202206 59.737 296.311 67.326
202209 56.787 296.808 63.894
202212 60.159 296.797 67.690
202303 62.749 301.836 69.426
202306 62.834 305.109 68.774
202309 65.519 307.789 71.088
202312 68.538 306.746 74.617
202403 74.085 312.332 79.213
202406 84.537 314.175 89.859
202409 95.898 315.301 101.571
202412 102.415 315.605 108.369
202503 98.927 319.799 103.305
202506 112.794 322.561 116.777
202509 116.591 324.800 119.876
202512 126.411 324.054 130.272
202603 124.437 330.213 125.846
202606 138.757 333.952 138.757

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 10.49 mean?
Haleon Pakistan (KAR:HALEON) has a Cyclically Adjusted PB Ratio of 10.49 as of Sep. 12, 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 Haleon Pakistan and its competitors. This is 10% below median its historical median of 11.71. Over the past decade, Haleon Pakistan's Cyclically Adjusted PB Ratio has ranged from 10.35 to 12.74. According to the industry distribution chart, Haleon Pakistan ranks #1226 out of 1270 companies in the Consumer Packaged Goods industry, placing it in the top 96.5%.
Is Haleon Pakistan's Cyclically Adjusted PB Ratio too high?
Haleon Pakistan's current Cyclically Adjusted PB Ratio of 10.49 is 10% below median its 10-year median of 11.71. Over the past 10 years, this metric has ranged from a low of 10.35 to a high of 12.74. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Haleon Pakistan's value of 10.49 is 729.2% above this industry median. Based on the distribution chart, Haleon Pakistan ranks #1226 out of 1270 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Haleon Pakistan has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Haleon Pakistan's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Haleon Pakistan ranks #1226 out of 1270 companies for Cyclically Adjusted PB Ratio. This places Haleon Pakistan in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Haleon Pakistan's value of 10.49 is 729.2% above this benchmark. Historically, Haleon Pakistan's own Cyclically Adjusted PB Ratio has ranged from 10.35 to 12.74 over the past decade. While the company's 10-year median is 11.71 vs. the industry median of 1.27, Haleon Pakistan 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,270 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. Haleon Pakistan's current Cyclically Adjusted PB Ratio of 10.49 is 729.2% 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 Haleon Pakistan and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haleon Pakistan's current Cyclically Adjusted PB Ratio is 10.49, which is 10% below median its own 10-year median of 11.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haleon Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Haleon Pakistan (KAR:HALEON) is currently considered Fairly Valued. The stock's GF Value™ is ₨764.93, compared to a current price of ₨698.06 — trading 8.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.49, which is 10% below median its 10-year median of 11.71 and 729.2% above the Consumer Packaged Goods industry median of 1.27. Haleon Pakistan's overall GF Score™ is 91/100 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 Haleon Pakistan (KAR:HALEON), the current Cyclically Adjusted PB Ratio is 10.49 as of Sep. 12, 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 Haleon Pakistan (KAR:HALEON) Overvalued in 2026?

Based on GuruFocus' analysis, Haleon Pakistan stock appears to be undervalued. The current stock price of ₨698.06 is trading 8.7% below its estimated GF Value™ of ₨764.93. GuruFocus considers Haleon Pakistan to be Fairly Valued.

Key valuation signals for KAR:HALEON:

  • Cyclically Adjusted PB Ratio: 10.49 (10% below median its 10-year median of 11.71)
  • GF Value™: ₨764.93 vs. price of ₨698.06 (8.7% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 729.2% above the Consumer Packaged Goods median (#1226 of 1270)

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


Haleon Pakistan Business Description

Address HC-3, Block 4, Scheme-5, Clifton, 11-A, 11th Floor, Sky Tower (East Wing), Dolmen City, Karachi, SD, PAK, 75600
Haleon Pakistan Ltd is engaged in the manufacturing, marketing, and sale of consumer healthcare products in Pakistan. The company operates into one segment which is the consumer healthcare segment. It offers various products in the areas of Pain Relief, Respiratory, Oral Health, Nutrition/Gastrointestinal, and Skin Health. Some of its pharmaceutical brands include Pain Relief, Oral Health, Respiratory Health, and Wellness and Nutrition.
91GF Score

Get the complete analysis for KAR:HALEON

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

₨698.06
Price
₨764.93
GF Value