Flowers Foods (STU:FWF) Cyclically Adjusted PB Ratio: 0.80 (As of Sep. 16, 2026) — 79% Below Median

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STU:FWF Flowers Foods Inc STU:FWF
54 GF Score
Price €5.29
GF Value €16.81
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Flowers Foods Cyclically Adjusted PB Ratio?

Flowers Foods STU:FWF +2.40% 54 Cyclically Adjusted PB Ratio is 0.80 as of Sep. 16, 2026, which is 79% below its 10-year median of 3.87. GuruFocus rates STU:FWF with a GF Score™ of 54/100 and a GF Value™ of €16.81 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Flowers Foods ranks better than 67.19% on this metric.

As of today (2026-09-16), Flowers Foods's current share price is €5.294. Flowers Foods's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €6.66. Flowers Foods's Cyclically Adjusted PB Ratio for today is 0.80.

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

STU:FWF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 3.87   Max: 4.55
Current: 0.8

During the past years, Flowers Foods's highest Cyclically Adjusted PB Ratio was 4.55. The lowest was 0.80. And the median was 3.87.

STU:FWF's Cyclically Adjusted PB Ratio is ranked better than
67.19% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs STU:FWF: 0.80

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.

Flowers Foods's adjusted book value per share data for the three months ended in Dec. 2025 was €5.256. 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 €6.66 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flowers Foods  (STU:FWF) 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.


Flowers Foods Cyclically Adjusted PB Ratio Related Terms


Flowers Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Flowers Foods'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.

Flowers Foods Cyclically Adjusted PB Ratio Chart

Flowers Foods 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 4.40 4.40 3.17 2.95 1.39

Flowers Foods Quarterly Data
Sep16 Dec16 Sep17 Dec17 Sep18 Dec18 Sep19 Dec19 Sep20 Dec20 Sep21 Dec21 Sep22 Dec22 Sep23 Dec23 Sep24 Dec24 Sep25 Dec25
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 3.17 3.09 2.95 1.61 1.37

STU:FWF vs SENEA, NOMD, JJSF: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


STU:FWF
54GF Score
Flowers Foods Inc STU:FWF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flowers Foods 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.

Flowers Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.294/6.658
=0.80

* 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.

Flowers Foods's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Flowers Foods's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=5.256/324.0540*324.0540
=5.256

Current CPI (Dec. 2025) = 324.0540.

Flowers Foods Quarterly Data

Book Value per Share CPI Adj_Book
200509 2.103 198.800 3.428
200512 2.153 196.800 3.545
200609 2.174 202.900 3.472
200612 2.114 201.800 3.395
200709 2.212 208.490 3.438
200712 2.196 210.036 3.388
200809 2.378 218.783 3.522
200812 2.220 210.228 3.422
200912 2.466 215.949 3.700
201009 2.845 218.439 4.221
201012 2.908 219.179 4.299
201109 2.898 226.889 4.139
201112 2.866 225.672 4.115
201209 3.239 231.407 4.536
201212 3.140 229.601 4.432
201309 3.565 234.149 4.934
201312 3.745 233.049 5.207
201409 4.379 238.031 5.962
201412 4.433 234.812 6.118
201512 5.391 236.525 7.386
201609 5.045 241.428 6.772
201612 5.505 241.432 7.389
201709 4.810 246.819 6.315
201712 4.947 246.524 6.503
201809 5.216 252.439 6.696
201812 5.219 251.233 6.732
201909 5.609 256.759 7.079
201912 5.321 256.974 6.710
202009 5.447 260.280 6.782
202012 5.303 260.474 6.597
202109 5.763 274.310 6.808
202112 5.871 278.802 6.824
202209 6.937 296.808 7.574
202212 6.405 296.797 6.993
202309 6.150 307.789 6.475
202312 5.816 306.746 6.144
202409 5.984 315.301 6.150
202412 6.466 315.605 6.639
202509 5.725 324.800 5.712
202512 5.256 324.054 5.256

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 0.80 mean?
Flowers Foods (STU:FWF) has a Cyclically Adjusted PB Ratio of 0.80 as of Sep. 16, 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 Flowers Foods and its competitors. This is 79% below median its historical median of 3.87. Over the past decade, Flowers Foods' Cyclically Adjusted PB Ratio has ranged from 0.80 to 4.55. According to the industry distribution chart, Flowers Foods ranks #416 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 32.8%.
Is Flowers Foods' Cyclically Adjusted PB Ratio too high?
Flowers Foods' current Cyclically Adjusted PB Ratio of 0.80 is 79% below median its 10-year median of 3.87. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 4.55. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Flowers Foods' value of 0.80 is 35.7% below this industry median. Based on the distribution chart, Flowers Foods ranks #416 out of 1268 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Flowers Foods has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flowers Foods' Cyclically Adjusted PB Ratio compare to SENEA and NOMD?
According to the Consumer Packaged Goods industry distribution chart, Flowers Foods ranks #416 out of 1268 companies for Cyclically Adjusted PB Ratio. This puts Flowers Foods in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Flowers Foods' value of 0.80 is 35.7% below this benchmark. Historically, Flowers Foods' own Cyclically Adjusted PB Ratio has ranged from 0.80 to 4.55 over the past decade. While the company's 10-year median is 3.87 vs. the industry median of 1.25, Flowers Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,268 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. Flowers Foods's current Cyclically Adjusted PB Ratio of 0.80 is 35.7% 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 Flowers Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flowers Foods's current Cyclically Adjusted PB Ratio is 0.80, which is 79% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flowers Foods stock overvalued right now?
Based on GuruFocus' analysis, Flowers Foods (STU:FWF) is currently considered Significantly Undervalued. The stock's GF Value™ is €16.81, compared to a current price of €5.29 — trading 68.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.80, which is 79% below median its 10-year median of 3.87 and 35.7% below the Consumer Packaged Goods industry median of 1.25. Flowers Foods' overall GF Score™ is 54/100 with 4 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 Flowers Foods (STU:FWF), the current Cyclically Adjusted PB Ratio is 0.80 as of Sep. 16, 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 Flowers Foods (STU:FWF) Overvalued in 2026?

Based on GuruFocus' analysis, Flowers Foods stock appears to be undervalued. The current stock price of €5.29 is trading 68.5% below its estimated GF Value™ of €16.81. GuruFocus considers Flowers Foods to be Significantly Undervalued.

Key valuation signals for STU:FWF:

  • Cyclically Adjusted PB Ratio: 0.80 (79% below median its 10-year median of 3.87)
  • GF Value™: €16.81 vs. price of €5.29 (68.5% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 35.7% below the Consumer Packaged Goods median (#416 of 1268)

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


Flowers Foods Business Description

Address 1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc operates as a producer and marketer of packaged bakery foods in the United States. Its principal products include breads, buns, rolls, snack items (bars, cakes, cookies, and crackers), bagels, English muffins, tortillas, and baking mixes. These products are sold under the brand names Nature's Own, Dave's Killer Bread (DKB), Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. The company derives the majority of its revenue from the sales of its bakery products.
54GF Score

Get the complete analysis for STU:FWF

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

€5.29
Price
€16.81
GF Value