Saputo (TSX:SAP) Cyclically Adjusted PB Ratio: 2.29 (As of Sep. 15, 2026) — 25% Below Median

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TSX:SAP Saputo Inc TSX:SAP
52 GF Score
Price C$39.80
! 2 Warning Signs
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What is Saputo Cyclically Adjusted PB Ratio?

Saputo TSX:SAP +1.04% 52 Cyclically Adjusted PB Ratio is 2.29 as of Sep. 15, 2026, which is 25% below its 10-year median of 3.04. GuruFocus rates TSX:SAP with a GF Score™ of 52/100. The stock has 2 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Saputo ranks worse than 72.24% on this metric.

As of today (2026-09-15), Saputo's current share price is C$39.80. Saputo's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$17.36. Saputo's Cyclically Adjusted PB Ratio for today is 2.29.

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

TSX:SAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 3.04   Max: 7.37
Current: 2.27

During the past years, Saputo's highest Cyclically Adjusted PB Ratio was 7.37. The lowest was 1.44. And the median was 3.04.

TSX:SAP's Cyclically Adjusted PB Ratio is ranked worse than
72.24% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs TSX:SAP: 2.27

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.

Saputo's adjusted book value per share data for the three months ended in Jun. 2026 was C$17.764. 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 C$17.36 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saputo  (TSX:SAP) 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.


Saputo Cyclically Adjusted PB Ratio Related Terms


Saputo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Saputo'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.

Saputo Cyclically Adjusted PB Ratio Chart

Saputo Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.35 2.48 1.74 1.52 2.54

Saputo 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 1.68 2.03 2.46 2.54 2.37

TSX:SAP vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Saputo'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.


Saputo Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TSX:SAP
52GF Score
Saputo Inc TSX:SAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Saputo 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.

Saputo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.80/17.36
=2.29

* 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.

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

For example, Saputo'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)
=17.764/133.5265*133.5265
=17.764

Current CPI (Jun. 2026) = 133.5265.

Saputo Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.875 101.765 14.269
201612 11.089 101.449 14.595
201703 11.198 102.634 14.569
201706 11.222 103.029 14.544
201709 11.140 103.345 14.393
201712 11.930 103.345 15.414
201803 12.375 105.004 15.736
201806 12.599 105.557 15.937
201809 12.534 105.636 15.843
201812 14.025 105.399 17.768
201903 13.892 106.979 17.339
201906 13.669 107.690 16.948
201909 14.865 107.611 18.445
201912 15.074 107.769 18.677
202003 16.051 107.927 19.858
202006 15.736 108.401 19.383
202009 15.876 108.164 19.599
202012 15.770 108.559 19.397
202103 15.613 110.298 18.901
202106 15.403 111.720 18.410
202109 15.660 112.905 18.520
202112 15.887 113.774 18.645
202203 15.609 117.646 17.716
202206 15.725 120.806 17.381
202209 16.556 120.648 18.323
202212 16.893 120.964 18.647
202303 16.935 122.702 18.429
202306 16.716 124.203 17.971
202309 16.968 125.230 18.092
202312 16.157 125.072 17.249
202403 16.615 126.258 17.572
202406 17.090 127.522 17.895
202409 17.488 127.285 18.346
202412 16.552 127.364 17.353
202503 16.678 129.181 17.239
202506 16.082 129.892 16.532
202509 16.522 130.287 16.933
202512 16.420 130.366 16.818
202603 16.799 132.262 16.960
202606 17.764 133.527 17.764

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 2.29 mean?
Saputo (TSX:SAP) has a Cyclically Adjusted PB Ratio of 2.29 as of Sep. 15, 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 Saputo and its competitors. This is 25% below median its historical median of 3.04. Over the past decade, Saputo's Cyclically Adjusted PB Ratio has ranged from 1.44 to 7.37. According to the industry distribution chart, Saputo ranks #916 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 72.2%.
Is Saputo's Cyclically Adjusted PB Ratio too high?
Saputo's current Cyclically Adjusted PB Ratio of 2.29 is 25% below median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 7.37. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Saputo's value of 2.29 is 83.9% above this industry median. Based on the distribution chart, Saputo ranks #916 out of 1268 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Saputo has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Saputo's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Saputo ranks #916 out of 1268 companies for Cyclically Adjusted PB Ratio. This places Saputo in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Saputo's value of 2.29 is 83.9% above this benchmark. Historically, Saputo's own Cyclically Adjusted PB Ratio has ranged from 1.44 to 7.37 over the past decade. While the company's 10-year median is 3.04 vs. the industry median of 1.25, Saputo 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 1.25, 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. Saputo's current Cyclically Adjusted PB Ratio of 2.29 is 83.9% 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 Saputo 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. Saputo's current Cyclically Adjusted PB Ratio is 2.29, which is 25% below median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saputo stock overvalued right now?
Saputo (TSX:SAP) has a current Cyclically Adjusted PB Ratio of 2.29. The current Cyclically Adjusted PB Ratio is 2.29, which is 25% below median its 10-year median of 3.04 and 83.9% above the Consumer Packaged Goods industry median of 1.25. Saputo's overall GF Score™ is 52/100 with 2 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 Saputo (TSX:SAP), the current Cyclically Adjusted PB Ratio is 2.29 as of Sep. 15, 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.

Saputo Business Description

Other Exchanges SAPIF:USASB7:Germany
Address 1000 de la Gauchetiere Street West, Suite 2900, Montreal, QC, CAN, H3B 4W5
Saputo Inc produces, markets, and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. The Company is a cheese manufacturer and fluid milk and cream processor in Canada, a dairy processor in Australia, a cheese producer and extended shelf-life and cultured dairy products manufacturer in the USA, and a manufacturer of branded cheese and dairy spreads in the UK. Its cheese products are sold under various brand names, including Saputo, Armstrong, Alexis de Portneuf, Bari, Cogruet, DuVillage 1860, Kingsey, and Shepherd Gourmet Dairy. The Company operates through four divisions: Canada Sector, USA Sector, International Sector, and Europe Sector, with the USA Sector generating the maximum revenue.
52GF Score

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

C$39.80
Price