PZ Cussons Nigeria (NSA:PZ) Cyclically Adjusted PB Ratio: 11.39 (As of Jul. 19, 2026) — 115% Above Median

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NSA:PZ PZ Cussons Nigeria PLC NSA:PZ
68 GF Score
Price ₦80.95
GF Value ₦52.67
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PZ Cussons Nigeria Cyclically Adjusted PB Ratio?

PZ Cussons Nigeria NSA:PZ 68 Cyclically Adjusted PB Ratio is 11.39 as of Jul. 19, 2026, which is 115% above its 10-year median of 5.30. GuruFocus rates NSA:PZ with a GF Score™ of 68/100 and a GF Value™ of ₦52.67 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,446 Consumer Packaged Goods companies, PZ Cussons Nigeria ranks worse than 96.75% on this metric.

As of today (2026-07-19), PZ Cussons Nigeria's current share price is ₦80.95. PZ Cussons Nigeria's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was ₦7.11. PZ Cussons Nigeria's Cyclically Adjusted PB Ratio for today is 11.39.

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

NSA:PZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.45   Med: 5.3   Max: 14.81
Current: 11.39

During the past years, PZ Cussons Nigeria's highest Cyclically Adjusted PB Ratio was 14.81. The lowest was 3.45. And the median was 5.30.

NSA:PZ's Cyclically Adjusted PB Ratio is ranked worse than
96.75% of 1446 companies
in the Consumer Packaged Goods industry
Industry Median: 1.255 vs NSA:PZ: 11.39

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.

PZ Cussons Nigeria's adjusted book value per share data for the three months ended in Feb. 2026 was ₦5.468. 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 ₦7.11 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PZ Cussons Nigeria  (NSA:PZ) 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.


PZ Cussons Nigeria Cyclically Adjusted PB Ratio Related Terms


PZ Cussons Nigeria Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PZ Cussons Nigeria'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.

PZ Cussons Nigeria Cyclically Adjusted PB Ratio Chart

PZ Cussons Nigeria Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 3.61

PZ Cussons Nigeria Quarterly Data
Feb21 May21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 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 4.15 3.61 4.75 5.42 10.13

NSA:PZ vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, PZ Cussons Nigeria'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.


PZ Cussons Nigeria Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where PZ Cussons Nigeria's Cyclically Adjusted PB Ratio falls into.


NSA:PZ
68GF Score
PZ Cussons Nigeria PLC NSA:PZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PZ Cussons Nigeria 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.

PZ Cussons Nigeria's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=80.95/7.11
=11.39

* 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.

PZ Cussons Nigeria's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, PZ Cussons Nigeria's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=5.468/140.0000*140.0000
=5.468

Current CPI (Feb. 2026) = 140.0000.

PZ Cussons Nigeria Quarterly Data

Book Value per Share CPI Adj_Book
201205 10.308 95.900 15.048
201305 11.111 98.200 15.841
201402 0.000 99.100 0.000
201405 10.219 99.600 14.364
201411 9.936 99.900 13.924
201502 10.244 99.500 14.414
201505 10.436 100.100 14.596
201605 10.301 100.800 14.307
201611 0.000 101.800 0.000
201705 10.647 103.500 14.402
201711 0.000 104.700 0.000
201805 10.619 105.900 14.038
201902 0.000 106.800 0.000
201905 9.525 107.900 12.359
201908 0.000 108.300 0.000
201911 10.235 108.500 13.206
202002 9.802 108.600 12.636
202005 6.992 108.600 9.014
202008 7.929 108.800 10.203
202011 8.220 109.100 10.548
202102 8.145 109.400 10.423
202105 7.285 111.000 9.188
202111 8.503 114.100 10.433
202202 0.000 115.400 0.000
202205 8.605 119.700 10.064
202208 0.000 121.800 0.000
202211 10.413 124.800 11.681
202302 10.168 126.000 11.298
202305 10.913 129.100 11.834
202308 2.090 129.400 2.261
202311 -5.335 130.000 -5.745
202402 -10.699 130.800 -11.452
202405 -6.277 132.700 -6.622
202408 -7.438 133.400 -7.806
202411 -7.952 134.600 -8.271
202502 -3.587 135.600 -3.703
202505 -3.933 138.000 -3.990
202508 -0.646 138.900 -0.651
202511 1.235 139.400 1.240
202602 5.468 140.000 5.468

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 11.39 mean?
PZ Cussons Nigeria (NSA:PZ) has a Cyclically Adjusted PB Ratio of 11.39 as of Jul. 19, 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 PZ Cussons Nigeria and its competitors. This is 115% above median its historical median of 5.30. Over the past decade, PZ Cussons Nigeria's Cyclically Adjusted PB Ratio has ranged from 3.45 to 14.81. According to the industry distribution chart, PZ Cussons Nigeria ranks #1399 out of 1446 companies in the Consumer Packaged Goods industry, placing it in the top 96.7%.
Is PZ Cussons Nigeria's Cyclically Adjusted PB Ratio too high?
PZ Cussons Nigeria's current Cyclically Adjusted PB Ratio of 11.39 is 115% above median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 14.81. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. PZ Cussons Nigeria's value of 11.39 is 807.6% above this industry median. Based on the distribution chart, PZ Cussons Nigeria ranks #1399 out of 1446 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, PZ Cussons Nigeria has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PZ Cussons Nigeria's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, PZ Cussons Nigeria ranks #1399 out of 1446 companies for Cyclically Adjusted PB Ratio. This places PZ Cussons Nigeria in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. PZ Cussons Nigeria's value of 11.39 is 807.6% above this benchmark. Historically, PZ Cussons Nigeria's own Cyclically Adjusted PB Ratio has ranged from 3.45 to 14.81 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 1.26, PZ Cussons Nigeria 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,446 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. PZ Cussons Nigeria's current Cyclically Adjusted PB Ratio of 11.39 is 807.6% 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 PZ Cussons Nigeria and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PZ Cussons Nigeria's current Cyclically Adjusted PB Ratio is 11.39, which is 115% above median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PZ Cussons Nigeria stock overvalued right now?
Based on GuruFocus' analysis, PZ Cussons Nigeria (NSA:PZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦52.67, compared to a current price of ₦80.95 — trading 53.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.39, which is 115% above median its 10-year median of 5.30 and 807.6% above the Consumer Packaged Goods industry median of 1.26. PZ Cussons Nigeria's overall GF Score™ is 68/100 with 1 warning sign 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 PZ Cussons Nigeria (NSA:PZ), the current Cyclically Adjusted PB Ratio is 11.39 as of Jul. 19, 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 PZ Cussons Nigeria (NSA:PZ) Overvalued in 2026?

Based on GuruFocus' analysis, PZ Cussons Nigeria stock appears to be overvalued. The current stock price of ₦80.95 is trading 53.7% above its estimated GF Value™ of ₦52.67. GuruFocus considers PZ Cussons Nigeria to be Significantly Overvalued.

Key valuation signals for NSA:PZ:

  • Cyclically Adjusted PB Ratio: 11.39 (115% above median its 10-year median of 5.30)
  • GF Value™: ₦52.67 vs. price of ₦80.95 (53.7% above fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 807.6% above the Consumer Packaged Goods median (#1399 of 1446)

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


PZ Cussons Nigeria Business Description

Address 3500 Aviator Way, Manchester Business Park, Manchester, GBR, M22 5TG
PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.
68GF Score

Get the complete analysis for NSA:PZ

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

₦80.95
Price
₦52.67
GF Value