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Constellation BrandsSTZ -0.12%64 Cyclically Adjusted PB Ratio is 2.08 as of Aug. 01, 2026, which is 59% below its 10-year median of 5.12. GuruFocus rates STZ with a GF Score™ of 64/100 and a GF Value™ of $178.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 164 Beverages - Alcoholic companies, Constellation Brands ranks worse than 60.98% on this metric.
The historical rank and industry rank for Constellation Brands's Cyclically Adjusted PB Ratio or its related term are showing as below:
STZ'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08 Med: 5.12 Max: 10.14
Current: 2.08
During the past years, Constellation Brands's highest Cyclically Adjusted PB Ratio was 10.14. The lowest was 2.08. And the median was 5.12.
STZ's Cyclically Adjusted PB Ratio is ranked worse than 60.98% of 164
companies
in the Beverages - Alcoholic industry
Industry Median: 1.425
vs STZ: 2.08
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.
Constellation Brands's adjusted book value per share data for the three months ended in May. 2026 was $48.140. 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 $62.65 for the trailing ten years ended in May. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Constellation Brands (NYSE:STZ) 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.
Constellation Brands Cyclically Adjusted PB Ratio Related Terms
Constellation Brands Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Constellation Brands'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.
Constellation Brands Cyclically Adjusted PB Ratio Chart
STZ vs TAP, SAM: Cyclically Adjusted PB Ratio Comparison
For the Beverages - Brewers subindustry, Constellation Brands'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.
Constellation Brands Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Constellation Brands's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Constellation Brands's Cyclically Adjusted PB Ratio falls into.
Constellation Brands 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 2.08 mean?
Constellation Brands (STZ) has a Cyclically Adjusted PB Ratio of 2.08 as of Aug. 01, 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 Constellation Brands and its competitors. This is 59% below median its historical median of 5.12. Over the past decade, Constellation Brands' Cyclically Adjusted PB Ratio has ranged from 2.08 to 10.14. According to the industry distribution chart, Constellation Brands ranks #100 out of 164 companies in the Beverages - Alcoholic industry, placing it in the top 61%.
Is Constellation Brands' Cyclically Adjusted PB Ratio too high?
Constellation Brands' current Cyclically Adjusted PB Ratio of 2.08 is 59% below median its 10-year median of 5.12. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 10.14. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.43. Constellation Brands' value of 2.08 is 46% above this industry median. Based on the distribution chart, Constellation Brands ranks #100 out of 164 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Constellation Brands has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Constellation Brands' Cyclically Adjusted PB Ratio compare to TAP and SAM?
According to the Beverages - Alcoholic industry distribution chart, Constellation Brands ranks #100 out of 164 companies for Cyclically Adjusted PB Ratio. This places Constellation Brands in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Constellation Brands' value of 2.08 is 46% above this benchmark. Historically, Constellation Brands' own Cyclically Adjusted PB Ratio has ranged from 2.08 to 10.14 over the past decade. While the company's 10-year median is 5.12 vs. the industry median of 1.43, Constellation Brands 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.43, based on 164 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. Constellation Brands's current Cyclically Adjusted PB Ratio of 2.08 is 46% 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 Constellation Brands and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Constellation Brands's current Cyclically Adjusted PB Ratio is 2.08, which is 59% below median its own 10-year median of 5.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Brands stock overvalued right now?
Based on GuruFocus' analysis, Constellation Brands (STZ) is currently considered Modestly Undervalued. The stock's GF Value™ is $178.87, compared to a current price of $130.23 — trading 27.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.08, which is 59% below median its 10-year median of 5.12 and 46% above the Beverages - Alcoholic industry median of 1.43. Constellation Brands' overall GF Score™ is 64/100 with 3 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 Constellation Brands (STZ), the current Cyclically Adjusted PB Ratio is 2.08 as of Aug. 01, 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 Constellation Brands (STZ) Overvalued in 2026?
Based on GuruFocus' analysis, Constellation Brands stock appears to be undervalued.
The current stock price of $130.23 is trading 27.2% below its estimated GF Value™ of $178.87.
GuruFocus considers Constellation Brands to be Modestly Undervalued.
Key valuation signals for STZ:
Cyclically Adjusted PB Ratio: 2.08 (59% below median its 10-year median of 5.12)
GF Value™: $178.87 vs. price of $130.23 (27.2% below fair value)
Industry Position: 46% above the Beverages - Alcoholic median (#100 of 164)
No single metric tells the full story. See the STZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.
64GF Score
Get the complete analysis for STZ
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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