Barry Callebaut AG (WBO:BARN) Cyclically Adjusted PB Ratio: (As of Aug. 31, 2026)

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WBO:BARN Barry Callebaut AG WBO:BARN
46 GF Score
Price €1,189.00
GF Value €2,029.10
Valuation Possible Value Trap
! 6 Warning Signs
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What is Barry Callebaut AG Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barry Callebaut AG  (WBO:BARN) 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.


Barry Callebaut AG Cyclically Adjusted PB Ratio Related Terms


Barry Callebaut AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Barry Callebaut AG'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.

Barry Callebaut AG Cyclically Adjusted PB Ratio Chart

Barry Callebaut AG Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.24 4.84 3.50 2.97 2.27

Barry Callebaut AG Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 2.97 0.00 2.27 0.00

WBO:BARN vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Barry Callebaut AG'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.


Barry Callebaut AG Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


WBO:BARN
46GF Score
Barry Callebaut AG WBO:BARN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Barry Callebaut AG 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.

Barry Callebaut AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Aug25 is calculated as:

For example, Barry Callebaut AG's adjusted Book Value per Share data for the fiscal year that ended in Aug25 was:

Adj_Book=Book Value per Share/CPI of Aug25 (Change)*Current CPI (Aug25)
=509.826/107.9500*107.9500
=509.826

Current CPI (Aug25) = 107.9500.

Barry Callebaut AG Annual Data

Book Value per Share CPI Adj_Book
201608 320.356 99.544 347.410
201708 338.225 100.004 365.099
201808 363.316 101.185 387.605
201908 402.320 101.507 427.857
202008 399.129 100.628 428.172
202108 454.860 101.515 483.694
202208 546.034 105.019 561.272
202308 552.368 106.652 559.093
202408 547.698 107.783 548.549
202508 509.826 107.950 509.826

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 Barry Callebaut AG (WBO:BARN) Overvalued in 2026?

Based on GuruFocus' analysis, Barry Callebaut AG stock appears to be undervalued. The current stock price of €1,189.00 is trading 41.4% below its estimated GF Value™ of €2,029.10. GuruFocus considers Barry Callebaut AG to be Possible Value Trap.

Key valuation signals for WBO:BARN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2,029.10 vs. price of €1,189.00 (41.4% below fair value)
  • GF Score™: 46/100 with 6 warning signs

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


Barry Callebaut AG Business Description

Address Hardturmstrasse 181, Zurich, CHE, 8005
Barry Callebaut is the leading global manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage manufacturers as well as artisans, chocolatiers, pastry chefs, and bakers who use chocolate professionally. Barry Callebaut is vertically integrated, from raw material (cocoa bean) procurement through to chocolate manufacturing, without owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods.
46GF Score

Get the complete analysis for WBO:BARN

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

€1,189.00
Price
€2,029.10
GF Value