Coca-Cola Europacific Partners (WBO:CCEP) Cyclically Adjusted PB Ratio: (As of Sep. 17, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

WBO:CCEP Coca-Cola Europacific Partners PLC WBO:CCEP
82 GF Score
Price €89.70
GF Value €87.54
! 3 Warning Signs
View Full Analysis

What is Coca-Cola Europacific Partners 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


Coca-Cola Europacific Partners  (WBO:CCEP) 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.


Coca-Cola Europacific Partners Cyclically Adjusted PB Ratio Related Terms


Coca-Cola Europacific Partners Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coca-Cola Europacific Partners'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.

Coca-Cola Europacific Partners Cyclically Adjusted PB Ratio Chart

Coca-Cola Europacific Partners 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 5.08 4.58 4.72 4.48 4.37

Coca-Cola Europacific Partners Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 4.48 0.00 4.37 0.00

WBO:CCEP vs : Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Europacific Partners'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.


Coca-Cola Europacific Partners Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Europacific Partners's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola Europacific Partners's Cyclically Adjusted PB Ratio falls into.


WBO:CCEP
82GF Score
Coca-Cola Europacific Partners PLC WBO:CCEP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coca-Cola Europacific Partners 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.

Coca-Cola Europacific Partners's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Coca-Cola Europacific Partners's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=17.464/324.0540*324.0540
=17.464

Current CPI (Dec25) = 324.0540.

Coca-Cola Europacific Partners Annual Data

Book Value per Share CPI Adj_Book
201612 13.375 241.432 17.952
201712 13.795 246.524 18.133
201812 13.821 251.233 17.827
201912 13.488 256.974 17.009
202012 13.252 260.474 16.487
202112 15.415 278.802 17.917
202212 16.292 296.797 17.788
202312 17.369 306.746 18.349
202412 18.420 315.605 18.913
202512 17.464 324.054 17.464

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 Coca-Cola Europacific Partners (WBO:CCEP) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola Europacific Partners stock appears to be overvalued. The current stock price of €89.70 is trading 2.5% above its estimated GF Value™ of €87.54.

Key valuation signals for WBO:CCEP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €87.54 vs. price of €89.70 (2.5% above fair value)
  • GF Score™: 82/100 with 3 warning signs

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


Coca-Cola Europacific Partners Business Description

Comparable Companies
Address Bakers Road, Pemberton House, Uxbridge, GBR, UB8 1EZ
CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe, Australasia, and Southeast Asia. In 2025, CCEP sold 3.9 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume.TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.
82GF Score

Get the complete analysis for WBO:CCEP

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

€89.70
Price
€87.54
GF Value