Alicorp (LIM:ALICORC1) Cyclically Adjusted PB Ratio: 2.57 (As of Aug. 02, 2026) — 46% Above 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.

LIM:ALICORC1 Alicorp SA LIM:ALICORC1
64 GF Score
Price S/.12.65
GF Value S/.11.44
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Alicorp Cyclically Adjusted PB Ratio?

Alicorp LIM:ALICORC1 -1.17% 64 Cyclically Adjusted PB Ratio is 2.57 as of Aug. 02, 2026, which is 46% above its 10-year median of 1.76. GuruFocus rates LIM:ALICORC1 with a GF Score™ of 64/100 and a GF Value™ of S/.11.44 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,425 Consumer Packaged Goods companies, Alicorp ranks worse than 75.58% on this metric.

As of today (2026-08-02), Alicorp's current share price is S/.12.65. Alicorp's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was S/.4.92. Alicorp's Cyclically Adjusted PB Ratio for today is 2.57.

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

LIM:ALICORC1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.76   Max: 2.94
Current: 2.6

During the past years, Alicorp's highest Cyclically Adjusted PB Ratio was 2.94. The lowest was 1.29. And the median was 1.76.

LIM:ALICORC1's Cyclically Adjusted PB Ratio is ranked worse than
75.58% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs LIM:ALICORC1: 2.60

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.

Alicorp's adjusted book value per share data for the three months ended in Jun. 2026 was S/.2.281. 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 S/.4.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alicorp  (LIM:ALICORC1) 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.


Alicorp Cyclically Adjusted PB Ratio Related Terms


Alicorp Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alicorp'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.

Alicorp Cyclically Adjusted PB Ratio Chart

Alicorp 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 1.68 1.76 1.58 1.67 2.37

Alicorp 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 2.28 2.07 2.37 2.27 2.46

LIM:ALICORC1 vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Alicorp'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.


Alicorp Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


LIM:ALICORC1
64GF Score
Alicorp SA LIM:ALICORC1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alicorp 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.

Alicorp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.65/4.92
=2.57

* 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.

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

For example, Alicorp'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)
=2.281/333.9520*333.9520
=2.281

Current CPI (Jun. 2026) = 333.9520.

Alicorp Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.432 241.428 4.747
201612 3.512 241.432 4.858
201703 0.000 243.801 0.000
201706 3.589 244.955 4.893
201709 3.843 246.819 5.200
201712 3.964 246.524 5.370
201803 3.830 249.554 5.125
201806 0.000 251.989 0.000
201809 4.155 252.439 5.497
201812 4.408 251.233 5.859
201903 4.178 254.202 5.489
201906 4.282 256.143 5.583
201909 4.597 256.759 5.979
201912 4.707 256.974 6.117
202003 4.691 258.115 6.069
202006 4.889 257.797 6.333
202009 4.846 260.280 6.218
202012 5.008 260.474 6.421
202103 4.992 264.877 6.294
202106 5.229 271.696 6.427
202109 4.968 274.310 6.048
202112 4.514 278.802 5.407
202203 4.110 287.504 4.774
202206 4.575 296.311 5.156
202209 4.603 296.808 5.179
202212 3.946 296.797 4.440
202303 3.671 301.836 4.062
202306 3.887 305.109 4.254
202309 4.162 307.789 4.516
202312 4.288 306.746 4.668
202403 4.449 312.332 4.757
202406 4.488 314.175 4.771
202409 4.348 315.301 4.605
202412 4.054 315.605 4.290
202503 3.337 319.799 3.485
202506 3.449 322.561 3.571
202509 3.464 324.800 3.562
202512 2.532 324.054 2.609
202603 2.105 330.213 2.129
202606 2.281 333.952 2.281

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 2.57 mean?
Alicorp (LIM:ALICORC1) has a Cyclically Adjusted PB Ratio of 2.57 as of Aug. 02, 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 Alicorp and its competitors. This is 46% above median its historical median of 1.76. Over the past decade, Alicorp's Cyclically Adjusted PB Ratio has ranged from 1.29 to 2.94. According to the industry distribution chart, Alicorp ranks #1077 out of 1425 companies in the Consumer Packaged Goods industry, placing it in the top 75.6%.
Is Alicorp's Cyclically Adjusted PB Ratio too high?
Alicorp's current Cyclically Adjusted PB Ratio of 2.57 is 46% above median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 2.94. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Alicorp's value of 2.57 is 107.3% above this industry median. Based on the distribution chart, Alicorp ranks #1077 out of 1425 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Alicorp has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alicorp's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Alicorp ranks #1077 out of 1425 companies for Cyclically Adjusted PB Ratio. This places Alicorp in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Alicorp's value of 2.57 is 107.3% above this benchmark. Historically, Alicorp's own Cyclically Adjusted PB Ratio has ranged from 1.29 to 2.94 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.24, Alicorp 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 1.24, based on 1,425 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. Alicorp's current Cyclically Adjusted PB Ratio of 2.57 is 107.3% 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 Alicorp and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alicorp's current Cyclically Adjusted PB Ratio is 2.57, which is 46% above median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alicorp stock overvalued right now?
Based on GuruFocus' analysis, Alicorp (LIM:ALICORC1) is currently considered Modestly Overvalued. The stock's GF Value™ is S/.11.44, compared to a current price of S/.12.65 — trading 10.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.57, which is 46% above median its 10-year median of 1.76 and 107.3% above the Consumer Packaged Goods industry median of 1.24. Alicorp's overall GF Score™ is 64/100 with 6 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 Alicorp (LIM:ALICORC1), the current Cyclically Adjusted PB Ratio is 2.57 as of Aug. 02, 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 Alicorp (LIM:ALICORC1) Overvalued in 2026?

Based on GuruFocus' analysis, Alicorp stock appears to be overvalued. The current stock price of S/.12.65 is trading 10.6% above its estimated GF Value™ of S/.11.44. GuruFocus considers Alicorp to be Modestly Overvalued.

Key valuation signals for LIM:ALICORC1:

  • Cyclically Adjusted PB Ratio: 2.57 (46% above median its 10-year median of 1.76)
  • GF Value™: S/.11.44 vs. price of S/.12.65 (10.6% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 107.3% above the Consumer Packaged Goods median (#1077 of 1425)

No single metric tells the full story. See the LIM:ALICORC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alicorp Business Description

Other Exchanges ALICORI1:Peru
Address Av. 28 de Julio No1150, Miraflores, Lima, PER
Alicorp SA is engaged in the manufacturing and distribution of edible oils and fats, fideos, harinas, chickens, soap for washing, detergents, salsas, panettone, cereals, instant soft drinks, personal care products, home care products and balanced foods for animal consumption; like that distribution of products manufactured by third parties.
64GF Score

Get the complete analysis for LIM:ALICORC1

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

S/.12.65
Price
S/.11.44
GF Value