Almarai Co (SAU:2280) Cyclically Adjusted PB Ratio: 2.50 (As of Aug. 17, 2026) — 28% Below Median

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SAU:2280 Almarai Co SAU:2280
89 GF Score
Price ﷼48.20
GF Value ﷼61.51
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Almarai Co Cyclically Adjusted PB Ratio?

Almarai Co SAU:2280 89 Cyclically Adjusted PB Ratio is 2.50 as of Aug. 17, 2026, which is 28% below its 10-year median of 3.48. GuruFocus rates SAU:2280 with a GF Score™ of 89/100 and a GF Value™ of ﷼61.51 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,386 Consumer Packaged Goods companies, Almarai Co ranks worse than 74.68% on this metric.

As of today (2026-08-17), Almarai Co's current share price is ﷼48.20. Almarai Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ﷼19.30. Almarai Co's Cyclically Adjusted PB Ratio for today is 2.50.

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

SAU:2280' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.15   Med: 3.48   Max: 4.96
Current: 2.5

During the past years, Almarai Co's highest Cyclically Adjusted PB Ratio was 4.96. The lowest was 2.15. And the median was 3.48.

SAU:2280's Cyclically Adjusted PB Ratio is ranked worse than
74.68% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs SAU:2280: 2.50

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.

Almarai Co's adjusted book value per share data for the three months ended in Jun. 2026 was ﷼20.754. 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 ﷼19.30 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Almarai Co  (SAU:2280) 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.


Almarai Co Cyclically Adjusted PB Ratio Related Terms


Almarai Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Almarai Co'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.

Almarai Co Cyclically Adjusted PB Ratio Chart

Almarai Co 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 3.46 3.43 3.34 3.24 2.33

Almarai Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.78 2.72 2.33 2.31 2.36

SAU:2280 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Almarai Co'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.


Almarai Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


SAU:2280
89GF Score
Almarai Co SAU:2280
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Almarai Co 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.

Almarai Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=48.20/19.30
=2.50

* 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.

Almarai Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Almarai Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=20.754/333.9520*333.9520
=20.754

Current CPI (Jun. 2026) = 333.9520.

Almarai Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.814 241.428 17.725
201612 13.057 241.432 18.061
201703 12.706 243.801 17.404
201706 13.360 244.955 18.214
201709 13.964 246.819 18.894
201712 14.431 246.524 19.549
201803 14.903 249.554 19.943
201806 14.654 251.989 19.420
201809 13.469 252.439 17.818
201812 13.960 251.233 18.556
201903 14.326 254.202 18.820
201906 14.085 256.143 18.364
201909 14.664 256.759 19.073
201912 14.742 256.974 19.158
202003 14.813 258.115 19.165
202006 14.686 257.797 19.024
202009 15.427 260.280 19.794
202012 15.782 260.474 20.234
202103 16.168 264.877 20.384
202106 15.556 271.696 19.120
202109 15.957 274.310 19.426
202112 16.217 278.802 19.425
202203 16.423 287.504 19.076
202206 15.933 296.311 17.957
202209 16.370 296.808 18.419
202212 16.772 296.797 18.872
202303 17.341 301.836 19.186
202306 16.919 305.109 18.518
202309 17.598 307.789 19.094
202312 17.905 306.746 19.493
202403 18.448 312.332 19.725
202406 18.054 314.175 19.190
202409 18.668 315.301 19.772
202412 18.904 315.605 20.003
202503 19.822 319.799 20.699
202506 19.480 322.561 20.168
202509 20.164 324.800 20.732
202512 20.652 324.054 21.283
202603 21.246 330.213 21.487
202606 20.754 333.952 20.754

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 2.50 mean?
Almarai Co (SAU:2280) has a Cyclically Adjusted PB Ratio of 2.50 as of Aug. 17, 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 Almarai Co and its competitors. This is 28% below median its historical median of 3.48. Over the past decade, Almarai Co's Cyclically Adjusted PB Ratio has ranged from 2.15 to 4.96. According to the industry distribution chart, Almarai Co ranks #1035 out of 1386 companies in the Consumer Packaged Goods industry, placing it in the top 74.7%.
Is Almarai Co's Cyclically Adjusted PB Ratio too high?
Almarai Co's current Cyclically Adjusted PB Ratio of 2.50 is 28% below median its 10-year median of 3.48. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 4.96. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Almarai Co's value of 2.50 is 95.3% above this industry median. Based on the distribution chart, Almarai Co ranks #1035 out of 1386 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Almarai Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Almarai Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Almarai Co ranks #1035 out of 1386 companies for Cyclically Adjusted PB Ratio. This places Almarai Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Almarai Co's value of 2.50 is 95.3% above this benchmark. Historically, Almarai Co's own Cyclically Adjusted PB Ratio has ranged from 2.15 to 4.96 over the past decade. While the company's 10-year median is 3.48 vs. the industry median of 1.28, Almarai Co 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 1.28, based on 1,386 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. Almarai Co's current Cyclically Adjusted PB Ratio of 2.50 is 95.3% 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 Almarai Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Almarai Co's current Cyclically Adjusted PB Ratio is 2.50, which is 28% below median its own 10-year median of 3.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almarai Co stock overvalued right now?
Based on GuruFocus' analysis, Almarai Co (SAU:2280) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼61.51, compared to a current price of ﷼48.20 — trading 21.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.50, which is 28% below median its 10-year median of 3.48 and 95.3% above the Consumer Packaged Goods industry median of 1.28. Almarai Co's overall GF Score™ is 89/100 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 Almarai Co (SAU:2280), the current Cyclically Adjusted PB Ratio is 2.50 as of Aug. 17, 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 Almarai Co (SAU:2280) Overvalued in 2026?

Based on GuruFocus' analysis, Almarai Co stock appears to be undervalued. The current stock price of ﷼48.20 is trading 21.6% below its estimated GF Value™ of ﷼61.51. GuruFocus considers Almarai Co to be Modestly Undervalued.

Key valuation signals for SAU:2280:

  • Cyclically Adjusted PB Ratio: 2.50 (28% below median its 10-year median of 3.48)
  • GF Value™: ﷼61.51 vs. price of ﷼48.20 (21.6% below fair value)
  • GF Score™: 89/100 with 6 warning signs
  • Industry Position: 95.3% above the Consumer Packaged Goods median (#1035 of 1386)

No single metric tells the full story. See the SAU:2280 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Almarai Co Business Description

Address Exit 7, North Ring Road, Al Izdihar District, P.O. Box 8524, Riyadh, SAU, 11492
Almarai Co is a manufacturer and distributor of quality food and beverages. Its product portfolio includes dairy products, juices, bakery items, poultry, and infant formula under the brands Almarai, Joosy Life, Beyti, Teeba, L'usine, 7days, Alyoum, and AlBashayer. Its segments include Dairy and Juice, covering milk, dairy, fruit juice, ice cream processing, and distribution; Bakery, covering the manufacturing and distribution of bakery products; Poultry, covering poultry products; and Other Activities, including arable farming, horticulture, infant nutrition, seafood, value-added meat products, and water. The majority of the revenue is derived from the Dairy and Juice segment, with the maximum revenue generated from Saudi Arabia.
89GF Score

Get the complete analysis for SAU:2280

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

﷼48.20
Price
﷼61.51
GF Value