Zambia Sugar (LUS:ZSUG) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

LUS:ZSUG Zambia Sugar PLC LUS:ZSUG
25 GF Score
Price ZMW69.97
! 1 Warning Sign
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What is Zambia Sugar Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zambia Sugar  (LUS:ZSUG) 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.


Zambia Sugar Cyclically Adjusted PB Ratio Related Terms


Zambia Sugar Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Zambia Sugar'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.

Zambia Sugar Cyclically Adjusted PB Ratio Chart

Zambia Sugar Annual Data
Trend Mar16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
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Zambia Sugar Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Feb25 Aug25 Feb26
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 2.84 5.21 4.61 5.09 7.66

LUS:ZSUG vs : Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Zambia Sugar'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.


Zambia Sugar Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


LUS:ZSUG
25GF Score
Zambia Sugar PLC LUS:ZSUG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Zambia Sugar 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.

Zambia Sugar's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 is calculated as:

For example, Zambia Sugar's adjusted Book Value per Share data for the fiscal year that ended in Aug25 was:

Adj_Book=Book Value per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=19.045/323.9760*323.9760
=19.045

Current CPI (Aug25) = 323.9760.

Zambia Sugar Annual Data

Book Value per Share CPI Adj_Book
201603 3.058 238.132 4.160
201708 3.297 245.519 4.351
201808 3.647 252.146 4.686
201908 4.462 256.558 5.635
202008 4.952 259.918 6.172
202108 8.143 273.567 9.643
202208 10.473 296.171 11.456
202308 12.485 307.026 13.174
202408 15.494 314.796 15.946
202508 19.045 323.976 19.045

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.


Zambia Sugar Business Description

Comparable Companies
Address Lubombo Road, Plot No. 118a, Nakambala Estate, PO Box 670240, Mazabuka, ZMB, 10101
Zambia Sugar PLC is a sugar producer based in Zambia, serving both the domestic and regional markets. Its wide range of sugar and sugar products includes direct consumption sugar enriched with Vitamin A, brown and household refined sugar, sugar for industrial customers, syrups, speciality sugars, and molasses sold as animal feed for both the local and export markets. These products are marketed under the Whitespoon brand. The group is comprised of the following business segments: Sugar Production, which generates the majority of its revenue, and Cane Growing. Geographically, it generates maximum revenue from Zambia, followed by Congo, Kenya, South Africa, and other markets.
25GF Score

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

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