Fuller Smith & Turner (LSE:FSTA) Cyclically Adjusted PB Ratio: 0.85 (As of Jul. 11, 2026) — 27% Below Median


LSE:FSTA Fuller Smith & Turner PLC LSE:FSTA
80 GF Score
Price £7.10
GF Value £7.48
Valuation Fairly Valued
! 7 Warning Signs
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What is Fuller Smith & Turner Cyclically Adjusted PB Ratio?

Fuller Smith & Turner LSE:FSTA +1.43% 80 Cyclically Adjusted PB Ratio is 0.85 as of Jul. 11, 2026, which is 27% below its 10-year median of 1.16. GuruFocus rates LSE:FSTA with a GF Score™ of 80/100 and a GF Value™ of £7.48 (Fairly Valued). The stock has 7 warning signs investors should review. Among 254 Restaurants companies, Fuller Smith & Turner ranks better than 71.65% on this metric.

As of today (2026-07-11), Fuller Smith & Turner's current share price is £7.10. Fuller Smith & Turner's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 was £8.32. Fuller Smith & Turner's Cyclically Adjusted PB Ratio for today is 0.85.

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

LSE:FSTA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.16   Max: 2.33
Current: 0.88

During the past 13 years, Fuller Smith & Turner's highest Cyclically Adjusted PB Ratio was 2.33. The lowest was 0.63. And the median was 1.16.

LSE:FSTA's Cyclically Adjusted PB Ratio is ranked better than
71.65% of 254 companies
in the Restaurants industry
Industry Median: 1.775 vs LSE:FSTA: 0.88

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.

Fuller Smith & Turner's adjusted book value per share data of for the fiscal year that ended in Mar26 was £7.747. 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 £8.32 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuller Smith & Turner  (LSE:FSTA) 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.


Fuller Smith & Turner Cyclically Adjusted PB Ratio Related Terms


Fuller Smith & Turner Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fuller Smith & Turner'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.

Fuller Smith & Turner Cyclically Adjusted PB Ratio Chart

Fuller Smith & Turner Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.63 0.76 0.66 0.78

Fuller Smith & Turner Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.76 0.00 0.66 0.00 0.78

LSE:FSTA vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Fuller Smith & Turner'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.


Fuller Smith & Turner Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Fuller Smith & Turner's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fuller Smith & Turner's Cyclically Adjusted PB Ratio falls into.


LSE:FSTA
80GF Score
Fuller Smith & Turner PLC LSE:FSTA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fuller Smith & Turner 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.

Fuller Smith & Turner's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.10/8.32
=0.85

* 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.

Fuller Smith & Turner's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Fuller Smith & Turner's adjusted Book Value per Share data for the fiscal year that ended in Mar26 was:

Adj_Book=Book Value per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=7.747/140.8000*140.8000
=7.747

Current CPI (Mar26) = 140.8000.

Fuller Smith & Turner Annual Data

Book Value per Share CPI Adj_Book
201703 5.660 102.700 7.760
201803 6.158 105.100 8.250
201903 6.159 107.000 8.105
202003 7.779 108.600 10.085
202103 6.868 109.700 8.815
202203 7.274 116.500 8.791
202303 7.283 126.800 8.087
202403 7.353 131.600 7.867
202503 7.457 136.100 7.715
202603 7.747 140.800 7.747

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 0.85 mean?
Fuller Smith & Turner (LSE:FSTA) has a Cyclically Adjusted PB Ratio of 0.85 as of Jul. 11, 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 Fuller Smith & Turner and its competitors. This is 27% below median its historical median of 1.16. Over the past decade, Fuller Smith & Turner's Cyclically Adjusted PB Ratio has ranged from 0.63 to 2.33. According to the industry distribution chart, Fuller Smith & Turner ranks #72 out of 254 companies in the Restaurants industry, placing it in the top 28.3%.
Is Fuller Smith & Turner's Cyclically Adjusted PB Ratio too high?
Fuller Smith & Turner's current Cyclically Adjusted PB Ratio of 0.85 is 27% below median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 2.33. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.78. Fuller Smith & Turner's value of 0.85 is 52.1% below this industry median. Based on the distribution chart, Fuller Smith & Turner ranks #72 out of 254 companies in the Restaurants industry, which is above the industry midpoint. Overall, Fuller Smith & Turner has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fuller Smith & Turner's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Fuller Smith & Turner ranks #72 out of 254 companies for Cyclically Adjusted PB Ratio. This puts Fuller Smith & Turner in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.78. Fuller Smith & Turner's value of 0.85 is 52.1% below this benchmark. Historically, Fuller Smith & Turner's own Cyclically Adjusted PB Ratio has ranged from 0.63 to 2.33 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 1.78, Fuller Smith & Turner 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.78, based on 254 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. Fuller Smith & Turner's current Cyclically Adjusted PB Ratio of 0.85 is 52.1% 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 Fuller Smith & Turner and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuller Smith & Turner's current Cyclically Adjusted PB Ratio is 0.85, which is 27% below median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuller Smith & Turner stock overvalued right now?
Based on GuruFocus' analysis, Fuller Smith & Turner (LSE:FSTA) is currently considered Fairly Valued. The stock's GF Value™ is £7.48, compared to a current price of £7.10 — trading 5.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.85, which is 27% below median its 10-year median of 1.16 and 52.1% below the Restaurants industry median of 1.78. Fuller Smith & Turner's overall GF Score™ is 80/100 with 7 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 Fuller Smith & Turner (LSE:FSTA), the current Cyclically Adjusted PB Ratio is 0.85 as of Jul. 11, 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 Fuller Smith & Turner (LSE:FSTA) Overvalued in 2026?

Based on GuruFocus' analysis, Fuller Smith & Turner stock appears to be undervalued. The current stock price of £7.10 is trading 5.1% below its estimated GF Value™ of £7.48. GuruFocus considers Fuller Smith & Turner to be Fairly Valued.

Key valuation signals for LSE:FSTA:

  • Cyclically Adjusted PB Ratio: 0.85 (27% below median its 10-year median of 1.16)
  • GF Value™: £7.48 vs. price of £7.10 (5.1% below fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 52.1% below the Restaurants median (#72 of 254)

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


Fuller Smith & Turner Business Description

Address 86-93 Strand-on-the-Green, Pier House, London, GBR, W4 3NN
Fuller Smith & Turner PLC is a family-owned operator of pubs and hotels in the United Kingdom. The company functions through two segments: Managed Pubs and Hotels and Tenanted Inns. Managed Pubs and Hotels, which comprises managed pubs, managed hotels, Bel & The Dragon, and Cotswold Inns & Hotels. Tenanted Inns, comprises pubs operated by third parties under tenancy or lease agreements. Managed Pubs and Hotels segment generates majority of the revenue for the company. All of the Group's business is within the UK.
80GF Score

Get the complete analysis for LSE:FSTA

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

£7.10
Price
£7.48
GF Value