KHC (The Kraft Heinz Co) Cyclically Adjusted PB Ratio: 0.49 (As of Jul. 14, 2026) — 40% Below Median

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KHC The Kraft Heinz Co KHC
63 GF Score
Price $25.23
GF Value $30.57
Valuation Modestly Undervalued
! 1 Warning Sign
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What is The Kraft Heinz Co Cyclically Adjusted PB Ratio?

The Kraft Heinz Co KHC +1.53% 63 Cyclically Adjusted PB Ratio is 0.49 as of Jul. 14, 2026, which is 40% below its 10-year median of 0.81. GuruFocus rates KHC with a GF Score™ of 63/100 and a GF Value™ of $30.57 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,445 Consumer Packaged Goods companies, The Kraft Heinz Co ranks better than 82.91% on this metric.

As of today (2026-07-14), The Kraft Heinz Co's current share price is $25.23. The Kraft Heinz Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $51.01. The Kraft Heinz Co's Cyclically Adjusted PB Ratio for today is 0.49.

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

KHC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.81   Max: 1.28
Current: 0.49

During the past years, The Kraft Heinz Co's highest Cyclically Adjusted PB Ratio was 1.28. The lowest was 0.42. And the median was 0.81.

KHC's Cyclically Adjusted PB Ratio is ranked better than
82.91% of 1445 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs KHC: 0.49

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.

The Kraft Heinz Co's adjusted book value per share data for the three months ended in Mar. 2026 was $35.348. 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 $51.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Kraft Heinz Co  (NAS:KHC) 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.


The Kraft Heinz Co Cyclically Adjusted PB Ratio Related Terms


The Kraft Heinz Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Kraft Heinz Co'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.

The Kraft Heinz Co Cyclically Adjusted PB Ratio Chart

The Kraft Heinz Co 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 0.98 1.00 0.82 0.62 0.48

The Kraft Heinz Co 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 0.60 0.50 0.50 0.48 0.44

KHC vs GIS, HRL, MKC: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, The Kraft Heinz Co'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.


The Kraft Heinz Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kraft Heinz Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Kraft Heinz Co's Cyclically Adjusted PB Ratio falls into.


KHC
63GF Score
The Kraft Heinz Co KHC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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The Kraft Heinz Co 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.

The Kraft Heinz Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.23/51.01
=0.49

* 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.

The Kraft Heinz Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, The Kraft Heinz Co'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)
=35.348/330.2130*330.2130
=35.348

Current CPI (Mar. 2026) = 330.2130.

The Kraft Heinz Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 47.501 241.018 65.080
201609 31.849 241.428 43.561
201612 47.151 241.432 64.490
201703 47.417 243.801 64.223
201706 47.885 244.955 64.552
201709 48.242 246.819 64.542
201712 54.030 246.524 72.372
201803 54.346 249.554 71.911
201806 53.878 251.989 70.603
201809 53.638 252.439 70.163
201812 42.342 251.233 55.653
201903 42.380 254.202 55.052
201906 42.248 256.143 54.465
201909 42.320 256.759 54.427
201912 42.279 256.974 54.329
202003 41.742 258.115 53.402
202006 40.098 257.797 51.362
202009 40.244 260.280 51.057
202012 40.980 260.474 51.952
202103 41.115 264.877 51.257
202106 40.881 271.696 49.686
202109 40.822 274.310 49.141
202112 40.276 278.802 47.703
202203 40.526 287.504 46.546
202206 39.833 296.311 44.390
202209 39.240 296.808 43.656
202212 39.739 296.797 44.213
202303 40.060 301.836 43.826
202306 40.565 305.109 43.903
202309 40.160 307.789 43.086
202312 40.662 306.746 43.773
202403 40.792 312.332 43.127
202406 40.443 314.175 42.508
202409 39.971 315.301 41.861
202412 41.159 315.605 43.064
202503 41.563 319.799 42.916
202506 34.931 322.561 35.760
202509 35.020 324.800 35.604
202512 35.199 324.054 35.868
202603 35.348 330.213 35.348

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 0.49 mean?
The Kraft Heinz Co (KHC) has a Cyclically Adjusted PB Ratio of 0.49 as of Jul. 14, 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 The Kraft Heinz Co and its competitors. This is 40% below median its historical median of 0.81. Over the past decade, The Kraft Heinz Co's Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.28. According to the industry distribution chart, The Kraft Heinz Co ranks #247 out of 1445 companies in the Consumer Packaged Goods industry, placing it in the top 17.1%.
Is The Kraft Heinz Co's Cyclically Adjusted PB Ratio too high?
The Kraft Heinz Co's current Cyclically Adjusted PB Ratio of 0.49 is 40% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.28. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. The Kraft Heinz Co's value of 0.49 is 60.8% below this industry median. Based on the distribution chart, The Kraft Heinz Co ranks #247 out of 1445 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, The Kraft Heinz Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Kraft Heinz Co's Cyclically Adjusted PB Ratio compare to GIS and HRL?
According to the Consumer Packaged Goods industry distribution chart, The Kraft Heinz Co ranks #247 out of 1445 companies for Cyclically Adjusted PB Ratio. This places The Kraft Heinz Co in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. The Kraft Heinz Co's value of 0.49 is 60.8% below this benchmark. Historically, The Kraft Heinz Co's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 1.28 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.25, The Kraft Heinz Co has consistently been below 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 1.25, based on 1,445 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. The Kraft Heinz Co's current Cyclically Adjusted PB Ratio of 0.49 is 60.8% below 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 The Kraft Heinz Co and its competitors. For the Consumer Packaged Goods 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. The Kraft Heinz Co's current Cyclically Adjusted PB Ratio is 0.49, which is 40% below median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Kraft Heinz Co stock overvalued right now?
Based on GuruFocus' analysis, The Kraft Heinz Co (KHC) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.57, compared to a current price of $25.23 — trading 17.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.49, which is 40% below median its 10-year median of 0.81 and 60.8% below the Consumer Packaged Goods industry median of 1.25. The Kraft Heinz Co's overall GF Score™ is 63/100 with 1 warning sign 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 The Kraft Heinz Co (KHC), the current Cyclically Adjusted PB Ratio is 0.49 as of Jul. 14, 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 The Kraft Heinz Co (KHC) Overvalued in 2026?

Based on GuruFocus' analysis, The Kraft Heinz Co stock appears to be undervalued. The current stock price of $25.23 is trading 17.5% below its estimated GF Value™ of $30.57. GuruFocus considers The Kraft Heinz Co to be Modestly Undervalued.

Key valuation signals for KHC:

  • Cyclically Adjusted PB Ratio: 0.49 (40% below median its 10-year median of 0.81)
  • GF Value™: $30.57 vs. price of $25.23 (17.5% below fair value)
  • GF Score™: 63/100 with 1 warning sign
  • Industry Position: 60.8% below the Consumer Packaged Goods median (#247 of 1445)

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


The Kraft Heinz Co Business Description

Address One PPG Place, Pittsburgh, PA, USA, 15222
In July 2015, Kraft merged with Heinz to create one of North America's largest food and beverage manufacturers. Beyond its namesake brands, its portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm also maintains a growing foodservice presence. Outside North America, Kraft Heinz's global reach encompasses a distribution network in Europe and emerging markets, which accounts for around 25% of its consolidated sales base. The company's products are sold in more than 190 countries and territories.
63GF Score

Get the complete analysis for KHC

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

$25.23
Price
$30.57
GF Value