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San Miguel Brewery Hong KongSMGLF 51 Cyclically Adjusted PB Ratio is 0.71 as of Aug. 23, 2026, which is 34% above its 10-year median of 0.53. GuruFocus rates SMGLF with a GF Score™ of 51/100 and a GF Value™ of $0.14. The stock has 1 warning sign investors should review. Among 159 Beverages - Alcoholic companies, San Miguel Brewery Hong Kong ranks better than 76.73% on this metric.
The historical rank and industry rank for San Miguel Brewery Hong Kong's Cyclically Adjusted PB Ratio or its related term are showing as below:
SMGLF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.53 Max: 0.77
Current: 0.62
During the past 13 years, San Miguel Brewery Hong Kong's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.40. And the median was 0.53.
SMGLF's Cyclically Adjusted PB Ratio is ranked better than 76.73% of 159
companies
in the Beverages - Alcoholic industry
Industry Median: 1.37
vs SMGLF: 0.62
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.
San Miguel Brewery Hong Kong's adjusted book value per share data of for the fiscal year that ended in Dec25 was $0.247. 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 $0.24 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
San Miguel Brewery Hong Kong (OTCPK:SMGLF) 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.
San Miguel Brewery Hong Kong Cyclically Adjusted PB Ratio Related Terms
San Miguel Brewery Hong Kong Cyclically Adjusted PB Ratio Historical Data
* 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.
San Miguel Brewery Hong Kong Cyclically Adjusted PB Ratio Chart
SMGLF vs STZ: Cyclically Adjusted PB Ratio Comparison
For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where San Miguel Brewery Hong Kong's Cyclically Adjusted PB Ratio falls into.
San Miguel Brewery Hong Kong 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.
* 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.
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 0.71 mean?
San Miguel Brewery Hong Kong (SMGLF) has a Cyclically Adjusted PB Ratio of 0.71 as of Aug. 23, 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 San Miguel Brewery Hong Kong and its competitors. This is 34% above median its historical median of 0.53. Over the past decade, San Miguel Brewery Hong Kong's Cyclically Adjusted PB Ratio has ranged from 0.40 to 0.77. According to the industry distribution chart, San Miguel Brewery Hong Kong ranks #37 out of 159 companies in the Beverages - Alcoholic industry, placing it in the top 23.3%.
Is San Miguel Brewery Hong Kong's Cyclically Adjusted PB Ratio too high?
San Miguel Brewery Hong Kong's current Cyclically Adjusted PB Ratio of 0.71 is 34% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.77. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.37. San Miguel Brewery Hong Kong's value of 0.71 is 48.2% below this industry median. Based on the distribution chart, San Miguel Brewery Hong Kong ranks #37 out of 159 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, San Miguel Brewery Hong Kong has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does San Miguel Brewery Hong Kong's Cyclically Adjusted PB Ratio compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, San Miguel Brewery Hong Kong ranks #37 out of 159 companies for Cyclically Adjusted PB Ratio. This places San Miguel Brewery Hong Kong in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.37. San Miguel Brewery Hong Kong's value of 0.71 is 48.2% below this benchmark. Historically, San Miguel Brewery Hong Kong's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 0.77 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.37, San Miguel Brewery Hong Kong 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.37, based on 159 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. San Miguel Brewery Hong Kong's current Cyclically Adjusted PB Ratio of 0.71 is 48.2% 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 San Miguel Brewery Hong Kong and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel Brewery Hong Kong's current Cyclically Adjusted PB Ratio is 0.71, which is 34% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel Brewery Hong Kong stock overvalued right now?
San Miguel Brewery Hong Kong (SMGLF) has a current Cyclically Adjusted PB Ratio of 0.71. The stock's GF Value™ is $0.14, compared to a current price of $0.17 — trading 21.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is 34% above median its 10-year median of 0.53 and 48.2% below the Beverages - Alcoholic industry median of 1.37. San Miguel Brewery Hong Kong's overall GF Score™ is 51/100 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 San Miguel Brewery Hong Kong (SMGLF), the current Cyclically Adjusted PB Ratio is 0.71 as of Aug. 23, 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 San Miguel Brewery Hong Kong (SMGLF) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel Brewery Hong Kong stock appears to be overvalued.
The current stock price of $0.17 is trading 21.4% above its estimated GF Value™ of $0.14.
Key valuation signals for SMGLF:
Cyclically Adjusted PB Ratio: 0.71 (34% above median its 10-year median of 0.53)
GF Value™: $0.14 vs. price of $0.17 (21.4% above fair value)
Industry Position: 48.2% below the Beverages - Alcoholic median (#37 of 159)
No single metric tells the full story. See the SMGLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned, and draught beers. Its two reportable segments are: The Hong Kong operations comprise the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas; and The Mainland China operations comprise the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
51GF Score
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