Sonos (SONO) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.
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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.

SONO Sonos Inc SONO
60 GF Score
Price $16.36
GF Value $15.14
Valuation Fairly Valued
! 3 Warning Signs
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What is Sonos Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonos  (NAS:SONO) 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.


Sonos Cyclically Adjusted PB Ratio Related Terms


Sonos Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sonos'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.

Sonos Cyclically Adjusted PB Ratio Chart

Sonos Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 3.75 4.75

Sonos 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 3.22 4.17 4.65 3.50 3.51

SONO vs FXHO, TBCH, VUZI: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Sonos'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.


Sonos Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Sonos's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SONO
60GF Score
Sonos Inc SONO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sonos 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.

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

For example, Sonos'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)
=3.323/333.9520*333.9520
=3.323

Current CPI (Jun. 2026) = 333.9520.

Sonos Quarterly Data

Book Value per Share CPI Adj_Book
201609 -0.293 241.428 -0.405
201612 241.432 0.000
201703 243.801 0.000
201706 244.955 0.000
201709 0.000 246.819 0.000
201712 0.582 246.524 0.788
201803 0.367 249.554 0.491
201806 0.342 251.989 0.453
201809 2.082 252.439 2.754
201812 2.771 251.233 3.683
201903 2.714 254.202 3.565
201906 2.714 256.143 3.538
201909 2.587 256.759 3.365
201912 3.345 256.974 4.347
202003 2.754 258.115 3.563
202006 2.368 257.797 3.068
202009 2.651 260.280 3.401
202012 4.283 260.474 5.491
202103 4.655 264.877 5.869
202106 4.598 271.696 5.652
202109 4.481 274.310 5.455
202112 5.233 278.802 6.268
202203 5.168 287.504 6.003
202206 4.908 296.311 5.531
202209 4.425 296.808 4.979
202212 4.891 296.797 5.503
202303 4.702 301.836 5.202
202306 4.526 305.109 4.954
202309 4.145 307.789 4.497
202312 4.671 306.746 5.085
202403 3.865 312.332 4.133
202406 3.700 314.175 3.933
202409 3.520 315.301 3.728
202412 3.761 315.605 3.980
202503 3.094 319.799 3.231
202506 3.271 322.561 3.387
202509 2.958 324.800 3.041
202512 3.579 324.054 3.688
202603 3.129 330.213 3.164
202606 3.323 333.952 3.323

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 Sonos (SONO) Overvalued in 2026?

Based on GuruFocus' analysis, Sonos stock appears to be overvalued. The current stock price of $16.36 is trading 8.1% above its estimated GF Value™ of $15.14. GuruFocus considers Sonos to be Fairly Valued.

Key valuation signals for SONO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $15.14 vs. price of $16.36 (8.1% above fair value)
  • GF Score™: 60/100 with 3 warning signs

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


Sonos Business Description

Other Exchanges 0ZFN:UK8SO:Germany
Address 301 Coromar Drive, Santa Barbara, CA, USA, 93117
Sonos Inc is an audio company dedicated to elevating life through sound, offering a connected platform that brings together music, movies, stories, and conversations. Its portfolio includes home theater speakers, components, plug-in and portable speakers and headphones, known for exceptional sound, thoughtful design, ease of use and seamless access to audio content. Its partner products and other revenue categories include accessories for home integration, such as custom-designed stands, mounts, and shelving units, along with partnerships for architectural speakers and automotive sound systems, as well as licensing, advertising revenue, and subscription-based services. The company operates in the United States and other countries, with the majority of revenue coming from the United States.
60GF Score

Get the complete analysis for SONO

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

$16.36
Price
$15.14
GF Value