Shoprite Holdings (LUS:SHOP) Cyclically Adjusted PB Ratio: 5.04 (As of Jul. 22, 2026) — Near Median

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LUS:SHOP Shoprite Holdings Ltd LUS:SHOP
100 GF Score
Price ZMW350.00
GF Value ZMW430.97
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Shoprite Holdings Cyclically Adjusted PB Ratio?

Shoprite Holdings LUS:SHOP 100 Cyclically Adjusted PB Ratio is 5.04 as of Jul. 22, 2026, which is 0% above its 10-year median of 5.02. GuruFocus rates LUS:SHOP with a GF Score™ of 100/100 and a GF Value™ of ZMW430.97 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 809 Retail - Cyclical companies, Shoprite Holdings ranks worse than 87.64% on this metric.

As of today (2026-07-22), Shoprite Holdings's current share price is ZMW350.00. Shoprite Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was ZMW69.51. Shoprite Holdings's Cyclically Adjusted PB Ratio for today is 5.04.

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

LUS:SHOP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.48   Med: 5.02   Max: 8.92
Current: 5.15

During the past 13 years, Shoprite Holdings's highest Cyclically Adjusted PB Ratio was 8.92. The lowest was 2.48. And the median was 5.02.

LUS:SHOP's Cyclically Adjusted PB Ratio is ranked worse than
87.64% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs LUS:SHOP: 5.15

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.

Shoprite Holdings's adjusted book value per share data of for the fiscal year that ended in Jun25 was ZMW57.594. 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 ZMW69.51 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shoprite Holdings  (LUS:SHOP) 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.


Shoprite Holdings Cyclically Adjusted PB Ratio Related Terms


Shoprite Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shoprite Holdings'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.

Shoprite Holdings Cyclically Adjusted PB Ratio Chart

Shoprite Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.52 4.10 4.42 5.31 5.04

Shoprite Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.31 0.00 5.04 0.00

LUS:SHOP vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Shoprite Holdings'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.


Shoprite Holdings Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shoprite Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LUS:SHOP
100GF Score
Shoprite Holdings Ltd LUS:SHOP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shoprite Holdings 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.

Shoprite Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=350.00/69.51
=5.04

* 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.

Shoprite Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Shoprite Holdings's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=57.594/160.9852*160.9852
=57.594

Current CPI (Jun25) = 160.9852.

Shoprite Holdings Annual Data

Book Value per Share CPI Adj_Book
201606 48.121 106.713 72.595
201706 69.902 112.054 100.427
201806 59.948 116.959 82.514
201906 50.218 122.191 66.162
202006 38.512 124.807 49.676
202106 50.774 131.113 62.342
202206 54.573 140.835 62.381
202306 47.161 148.802 51.022
202406 50.944 156.269 52.482
202506 57.594 160.985 57.594

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 5.04 mean?
Shoprite Holdings (LUS:SHOP) has a Cyclically Adjusted PB Ratio of 5.04 as of Jul. 22, 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 Shoprite Holdings and its competitors. This is near median its historical median of 5.02. Over the past decade, Shoprite Holdings' Cyclically Adjusted PB Ratio has ranged from 2.48 to 8.92. According to the industry distribution chart, Shoprite Holdings ranks #709 out of 809 companies in the Retail - Cyclical industry, placing it in the top 87.6%.
Is Shoprite Holdings' Cyclically Adjusted PB Ratio too high?
Shoprite Holdings' current Cyclically Adjusted PB Ratio of 5.04 is near median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 8.92. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Shoprite Holdings' value of 5.04 is 306.5% above this industry median. Based on the distribution chart, Shoprite Holdings ranks #709 out of 809 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Shoprite Holdings has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoprite Holdings' Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Shoprite Holdings ranks #709 out of 809 companies for Cyclically Adjusted PB Ratio. This places Shoprite Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Shoprite Holdings' value of 5.04 is 306.5% above this benchmark. Historically, Shoprite Holdings' own Cyclically Adjusted PB Ratio has ranged from 2.48 to 8.92 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 1.24, Shoprite Holdings 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 809 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. Shoprite Holdings's current Cyclically Adjusted PB Ratio of 5.04 is 306.5% 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 Shoprite Holdings and its competitors. For the Retail - Cyclical 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. Shoprite Holdings's current Cyclically Adjusted PB Ratio is 5.04, which is near median its own 10-year median of 5.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoprite Holdings stock overvalued right now?
Based on GuruFocus' analysis, Shoprite Holdings (LUS:SHOP) is currently considered Modestly Undervalued. The stock's GF Value™ is ZMW430.97, compared to a current price of ZMW350.00 — trading 18.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.04, which is near median its 10-year median of 5.02 and 306.5% above the Retail - Cyclical industry median of 1.24. Shoprite Holdings' overall GF Score™ is 100/100 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 Shoprite Holdings (LUS:SHOP), the current Cyclically Adjusted PB Ratio is 5.04 as of Jul. 22, 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 Shoprite Holdings (LUS:SHOP) Overvalued in 2026?

Based on GuruFocus' analysis, Shoprite Holdings stock appears to be undervalued. The current stock price of ZMW350.00 is trading 18.8% below its estimated GF Value™ of ZMW430.97. GuruFocus considers Shoprite Holdings to be Modestly Undervalued.

Key valuation signals for LUS:SHOP:

  • Cyclically Adjusted PB Ratio: 5.04 (near median its 10-year median of 5.02)
  • GF Value™: ZMW430.97 vs. price of ZMW350.00 (18.8% below fair value)
  • GF Score™: 100/100 with 2 warning signs
  • Industry Position: 306.5% above the Retail - Cyclical median (#709 of 809)

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


Shoprite Holdings Business Description

Address Cnr William Dabbs Street and Old Paarl Road, Brackenfell, WC, ZAF, 7560
Shoprite Holdings Ltd is Africa's food retailer, headquartered in Cape Town, South Africa, with a widespread presence across multiple African countries. The company's main business is supermarket retailing through brands such as Shoprite, Usave, and Checkers. The company organizes its operations into three main segments: Supermarkets RSA, which covers its core supermarket retail operations in South Africa. The company segments include Supermarkets Non-RSA, covering supermarket operations in other African countries; and Other Operating Segments, which include franchise stores, pharmacies, pet products, clothing, and other specialist retail formats.
100GF Score

Get the complete analysis for LUS:SHOP

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

ZMW350.00
Price
ZMW430.97
GF Value