ROYUY (Royal Unibrew AS) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

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Director of Data and Quant Analytics at GuruFocus
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ROYUY Royal Unibrew AS ROYUY
81 GF Score
Price $7.69
GF Value $9.27
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Royal Unibrew AS 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


Royal Unibrew AS  (OTCPK:ROYUY) 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.


Royal Unibrew AS Cyclically Adjusted PB Ratio Related Terms


Royal Unibrew AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Royal Unibrew AS'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.

Royal Unibrew AS Cyclically Adjusted PB Ratio Chart

Royal Unibrew AS 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 12.47 7.01 5.77 5.84 6.49

Royal Unibrew AS 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 6.17 6.11 5.57 6.49 5.78

ROYUY vs STZ, TAP: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Brewers subindustry, Royal Unibrew AS'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.


Royal Unibrew AS Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

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

* The bar in red indicates where Royal Unibrew AS's Cyclically Adjusted PB Ratio falls into.


ROYUY
81GF Score
Royal Unibrew AS ROYUY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Royal Unibrew AS 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.

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

For example, Royal Unibrew AS'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)
=2.19/121.6800*121.6800
=2.190

Current CPI (Mar. 2026) = 121.6800.

Royal Unibrew AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.759 100.600 0.918
201609 0.831 100.200 1.009
201612 0.786 100.300 0.954
201703 0.805 101.200 0.968
201706 0.766 101.200 0.921
201709 0.869 101.800 1.039
201712 0.874 101.300 1.050
201803 0.910 101.700 1.089
201806 0.795 102.300 0.946
201809 0.862 102.400 1.024
201812 0.883 102.100 1.052
201903 0.907 102.900 1.073
201906 0.810 102.900 0.958
201909 0.876 102.900 1.036
201912 0.936 102.900 1.107
202003 0.954 103.300 1.124
202006 1.083 103.200 1.277
202009 1.085 103.500 1.276
202012 1.111 103.400 1.307
202103 1.088 104.300 1.269
202106 0.966 105.000 1.119
202109 1.075 105.800 1.236
202112 1.056 106.600 1.205
202203 1.064 109.900 1.178
202206 1.309 113.600 1.402
202209 1.319 116.400 1.379
202212 1.480 115.900 1.554
202303 1.502 117.300 1.558
202306 1.415 116.400 1.479
202309 1.583 117.400 1.641
202312 1.680 116.700 1.752
202403 1.692 118.400 1.739
202406 1.819 118.500 1.868
202409 1.835 118.900 1.878
202412 1.797 118.900 1.839
202503 1.903 120.200 1.926
202506 1.899 120.700 1.914
202509 2.082 121.600 2.083
202512 2.148 121.200 2.157
202603 2.190 121.680 2.190

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.

Is Royal Unibrew AS (ROYUY) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Unibrew AS stock appears to be undervalued. The current stock price of $7.69 is trading 17% below its estimated GF Value™ of $9.27. GuruFocus considers Royal Unibrew AS to be Modestly Undervalued.

Key valuation signals for ROYUY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $9.27 vs. price of $7.69 (17% below fair value)
  • GF Score™: 81/100 with 5 warning signs

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


Royal Unibrew AS Business Description

Address Faxe Alle 1, Faxe, DNK, DK-4640
Royal Unibrew AS manufactures and sells beverages, including beer, malt beverages, cider, soft drinks, juice, and water. The company produces and distributes its own brands and partner brands, with its largest licensing agreements with PepsiCo and Heineken. Royal Unibrew was founded in 1989 and listed on the Copenhagen stock exchange in 1998.In 2024, Royal Unibrew took over PepsiCo's beverage business in Luxembourg and Belgium. In 2025, Royal Unibrew finalized its acquisition of Pernod Ricard's portfolio of Nordic brands, including spirits, liqueurs, and wines.
81GF Score

Get the complete analysis for ROYUY

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

$7.69
Price
$9.27
GF Value