Naked Wines (LSE:WINE) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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.

LSE:WINE Naked Wines PLC LSE:WINE
34 GF Score
Price £0.65
GF Value £0.40
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Naked Wines Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Naked Wines  (LSE:WINE) 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.


Naked Wines Cyclically Adjusted PB Ratio Related Terms


Naked Wines Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Naked Wines'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.

Naked Wines Cyclically Adjusted PB Ratio Chart

Naked Wines 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 2.13 0.57 0.32 0.50 0.45

Naked Wines 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 0.31 0.30 0.49 0.45 0.45

LSE:WINE vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Naked Wines'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.


Naked Wines Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Naked Wines's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSE:WINE
34GF Score
Naked Wines PLC LSE:WINE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Naked Wines 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.

Naked Wines's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Naked Wines'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)
=0.884/140.8000*140.8000
=0.884

Current CPI (Mar26) = 140.8000.

Naked Wines Annual Data

Book Value per Share CPI Adj_Book
201703 1.619 102.700 2.220
201803 1.691 105.100 2.265
201903 1.513 107.000 1.991
202003 1.559 108.600 2.021
202103 1.413 109.700 1.814
202203 1.496 116.500 1.808
202303 1.333 126.800 1.480
202403 1.037 131.600 1.109
202503 0.968 136.100 1.001
202603 0.884 140.800 0.884

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.

Is Naked Wines (LSE:WINE) Overvalued in 2026?

Based on GuruFocus' analysis, Naked Wines stock appears to be overvalued. The current stock price of £0.65 is trading 62.5% above its estimated GF Value™ of £0.40. GuruFocus considers Naked Wines to be Significantly Overvalued.

Key valuation signals for LSE:WINE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: £0.40 vs. price of £0.65 (62.5% above fair value)
  • GF Score™: 34/100 with 3 warning signs

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


Naked Wines Business Description

Other Exchanges MJWNY:USANWINF:USAWINEl:UK
Address 29-33 Chapel Field Road, Norvic House, Norwich, GBR, NR2 1RP
Naked Wines PLC is engaged in the retailing of wines and spirits. The company's operating segment includes Naked Wines. Its geographical segments are United States, United Kingdom, and Australia.
34GF Score

Get the complete analysis for LSE:WINE

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

£0.65
Price
£0.40
GF Value