Constellation Brands (MIC:STZ-RM) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.

What is Constellation Brands Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Constellation Brands  (MIC:STZ-RM) 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.


Constellation Brands Cyclically Adjusted PB Ratio Related Terms


Constellation Brands Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Constellation Brands'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.

Constellation Brands Cyclically Adjusted PB Ratio Chart

Constellation Brands Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.55 4.18 4.34 2.95 2.58

Constellation Brands Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 2.97 2.68 2.25 2.58 2.22

MIC:STZ-RM vs TAP, SAM: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Brewers subindustry, Constellation Brands'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.


Constellation Brands Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

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

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



Constellation Brands 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.

Constellation Brands's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Constellation Brands's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=3424.793/335.1230*335.1230
=3,424.793

Current CPI (May. 2026) = 335.1230.

Constellation Brands Quarterly Data

Book Value per Share CPI Adj_Book
201608 2,331.854 240.849 3,244.597
201611 2,296.749 241.353 3,189.077
201702 2,060.423 243.603 2,834.510
201705 2,139.367 244.733 2,929.524
201708 2,369.593 245.519 3,234.394
201711 2,405.786 246.669 3,268.486
201802 2,343.635 248.991 3,154.355
201805 3,429.281 251.588 4,567.908
201808 4,057.058 252.146 5,392.167
201811 3,917.238 252.038 5,208.566
201902 4,312.699 252.776 5,717.650
201905 4,144.411 256.092 5,423.393
201908 3,948.284 256.558 5,157.355
201911 3,913.858 257.208 5,099.467
202002 4,169.481 258.678 5,401.654
202005 4,043.341 256.394 5,284.900
202008 4,471.247 259.918 5,764.963
202011 5,217.425 260.229 6,719.002
202102 5,236.422 263.014 6,672.061
202105 4,789.702 269.195 5,962.738
202108 4,342.860 273.567 5,320.058
202111 4,212.701 277.948 5,079.270
202202 4,730.929 283.716 5,588.134
202205 4,398.374 292.296 5,042.821
202208 3,028.217 296.171 3,426.484
202211 2,775.512 297.711 3,124.298
202302 3,222.454 300.840 3,589.677
202305 3,653.550 304.127 4,025.912
202308 4,711.208 307.026 5,142.347
202311 4,812.210 307.051 5,252.164
202402 4,947.865 310.326 5,343.231
202405 5,199.480 314.069 5,548.034
202408 3,712.640 314.796 3,952.373
202411 4,212.370 315.493 4,474.464
202502 3,386.484 319.082 3,556.730
202505 3,172.920 321.465 3,307.727
202508 3,381.492 323.976 3,497.839
202511 3,417.383 324.122 3,533.372
202602 3,595.565 326.785 3,687.307
202605 3,424.793 335.123 3,424.793

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.


Constellation Brands Business Description

Address 50 East Broad Street, Rochester, NY, USA, 14614
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.