Flowers Foods (MEX:FLO) Cyclically Adjusted PB Ratio: 0.93 (As of Aug. 01, 2026) — 76% Below Median

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MEX:FLO Flowers Foods Inc MEX:FLO
35 GF Score
Price MXN126.00
GF Value MXN391.46
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Flowers Foods Cyclically Adjusted PB Ratio?

Flowers Foods MEX:FLO +0.05% 35 Cyclically Adjusted PB Ratio is 0.93 as of Aug. 01, 2026, which is 76% below its 10-year median of 3.87. GuruFocus rates MEX:FLO with a GF Score™ of 35/100 and a GF Value™ of MXN391.46 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,430 Consumer Packaged Goods companies, Flowers Foods ranks better than 61.33% on this metric.

As of today (2026-08-01), Flowers Foods's current share price is MXN126.00. Flowers Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN135.04. Flowers Foods's Cyclically Adjusted PB Ratio for today is 0.93.

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

MEX:FLO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 3.87   Max: 4.55
Current: 0.92

During the past years, Flowers Foods's highest Cyclically Adjusted PB Ratio was 4.55. The lowest was 0.92. And the median was 3.87.

MEX:FLO's Cyclically Adjusted PB Ratio is ranked better than
61.33% of 1430 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs MEX:FLO: 0.92

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.

Flowers Foods's adjusted book value per share data for the three months ended in Mar. 2026 was MXN110.792. 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 MXN135.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flowers Foods  (MEX:FLO) 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.


Flowers Foods Cyclically Adjusted PB Ratio Related Terms


Flowers Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Flowers Foods'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.

Flowers Foods Cyclically Adjusted PB Ratio Chart

Flowers Foods 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 4.29 4.11 3.10 2.79 1.45

Flowers Foods Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.54 2.12 1.73 1.45 1.07

MEX:FLO vs NOMD, BRBR, JJSF: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


MEX:FLO
35GF Score
Flowers Foods Inc MEX:FLO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flowers Foods 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.

Flowers Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=126.00/135.04
=0.93

* 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.

Flowers Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Flowers Foods's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=110.792/330.2130*330.2130
=110.792

Current CPI (Mar. 2026) = 330.2130.

Flowers Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 103.056 241.018 141.195
201609 109.631 241.428 149.948
201612 119.700 241.432 163.717
201703 112.045 243.801 151.758
201706 109.194 244.955 147.200
201709 103.203 246.819 138.073
201712 116.673 246.524 156.281
201803 111.306 249.554 147.282
201806 120.938 251.989 158.480
201809 113.318 252.439 148.230
201812 117.149 251.233 153.977
201903 116.317 254.202 151.098
201906 117.541 256.143 151.531
201909 120.715 256.759 155.249
201912 112.656 256.974 144.764
202003 146.366 258.115 187.250
202006 145.787 257.797 186.739
202009 141.093 260.280 179.002
202012 129.070 260.474 163.627
202103 136.470 264.877 170.132
202106 133.970 271.696 162.824
202109 137.336 274.310 165.324
202112 136.952 278.802 162.206
202203 137.048 287.504 157.407
202206 137.468 296.311 153.196
202209 136.693 296.808 152.077
202212 133.273 296.797 148.278
202303 124.371 301.836 136.064
202306 119.264 305.109 129.077
202309 113.418 307.789 121.681
202312 109.046 306.746 117.388
202403 108.154 312.332 114.346
202406 120.430 314.175 126.578
202409 131.505 315.301 137.724
202412 139.645 315.605 146.109
202503 137.172 319.799 141.639
202506 127.303 322.561 130.323
202509 123.393 324.800 125.449
202512 111.139 324.054 113.251
202603 110.792 330.213 110.792

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 0.93 mean?
Flowers Foods (MEX:FLO) has a Cyclically Adjusted PB Ratio of 0.93 as of Aug. 01, 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 Flowers Foods and its competitors. This is 76% below median its historical median of 3.87. Over the past decade, Flowers Foods' Cyclically Adjusted PB Ratio has ranged from 0.92 to 4.55. According to the industry distribution chart, Flowers Foods ranks #553 out of 1430 companies in the Consumer Packaged Goods industry, placing it in the top 38.7%.
Is Flowers Foods' Cyclically Adjusted PB Ratio too high?
Flowers Foods' current Cyclically Adjusted PB Ratio of 0.93 is 76% below median its 10-year median of 3.87. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 4.55. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Flowers Foods' value of 0.93 is 25.6% below this industry median. Based on the distribution chart, Flowers Foods ranks #553 out of 1430 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Flowers Foods has a GF Score™ of 35/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flowers Foods' Cyclically Adjusted PB Ratio compare to NOMD and BRBR?
According to the Consumer Packaged Goods industry distribution chart, Flowers Foods ranks #553 out of 1430 companies for Cyclically Adjusted PB Ratio. This puts Flowers Foods in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Flowers Foods' value of 0.93 is 25.6% below this benchmark. Historically, Flowers Foods' own Cyclically Adjusted PB Ratio has ranged from 0.92 to 4.55 over the past decade. While the company's 10-year median is 3.87 vs. the industry median of 1.25, Flowers Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,430 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. Flowers Foods's current Cyclically Adjusted PB Ratio of 0.93 is 25.6% 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 Flowers Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flowers Foods's current Cyclically Adjusted PB Ratio is 0.93, which is 76% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flowers Foods stock overvalued right now?
Based on GuruFocus' analysis, Flowers Foods (MEX:FLO) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN391.46, compared to a current price of MXN126.00 — trading 67.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 76% below median its 10-year median of 3.87 and 25.6% below the Consumer Packaged Goods industry median of 1.25. Flowers Foods' overall GF Score™ is 35/100 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 Flowers Foods (MEX:FLO), the current Cyclically Adjusted PB Ratio is 0.93 as of Aug. 01, 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 Flowers Foods (MEX:FLO) Overvalued in 2026?

Based on GuruFocus' analysis, Flowers Foods stock appears to be undervalued. The current stock price of MXN126.00 is trading 67.8% below its estimated GF Value™ of MXN391.46. GuruFocus considers Flowers Foods to be Significantly Undervalued.

Key valuation signals for MEX:FLO:

  • Cyclically Adjusted PB Ratio: 0.93 (76% below median its 10-year median of 3.87)
  • GF Value™: MXN391.46 vs. price of MXN126.00 (67.8% below fair value)
  • GF Score™: 35/100 with 6 warning signs
  • Industry Position: 25.6% below the Consumer Packaged Goods median (#553 of 1430)

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


Flowers Foods Business Description

Other Exchanges FLO:USAFWF:Germany
Address 1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc operates as a producer and marketer of packaged bakery foods in the United States. Its principal products include breads, buns, rolls, snack items (bars, cakes, cookies, and crackers), bagels, English muffins, tortillas, and baking mixes. These products are sold under the brand names Nature's Own, Dave's Killer Bread (DKB), Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. The company derives the majority of its revenue from the sales of its bakery products.
35GF Score

Get the complete analysis for MEX:FLO

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

MXN126.00
Price
MXN391.46
GF Value