International Flavors & Fragrances (WBO:IFF) Cyclically Adjusted PB Ratio: (As of Aug. 05, 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.
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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:IFF International Flavors & Fragrances Inc WBO:IFF
63 GF Score
Price €70.12
GF Value €62.11
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is International Flavors & Fragrances Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


International Flavors & Fragrances  (WBO:IFF) 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.


International Flavors & Fragrances Cyclically Adjusted PB Ratio Related Terms


International Flavors & Fragrances Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for International Flavors & Fragrances'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.

International Flavors & Fragrances Cyclically Adjusted PB Ratio Chart

International Flavors & Fragrances 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 3.92 2.26 1.55 1.49 1.10

International Flavors & Fragrances 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 1.24 1.01 1.10 1.15 0.00

WBO:IFF vs LYB, DD, RPM: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, International Flavors & Fragrances'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.


International Flavors & Fragrances Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, International Flavors & Fragrances's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where International Flavors & Fragrances's Cyclically Adjusted PB Ratio falls into.


WBO:IFF
63GF Score
International Flavors & Fragrances Inc WBO:IFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Flavors & Fragrances 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.

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

For example, International Flavors & Fragrances'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)
=47.203/333.9520*333.9520
=47.203

Current CPI (Jun. 2026) = 333.9520.

International Flavors & Fragrances Quarterly Data

Book Value per Share CPI Adj_Book
201609 18.989 241.428 26.266
201612 19.462 241.432 26.920
201703 19.258 243.801 26.379
201706 18.869 244.955 25.724
201709 18.669 246.819 25.260
201712 18.027 246.524 24.420
201803 18.221 249.554 24.383
201806 18.949 251.989 25.112
201809 37.673 252.439 49.838
201812 49.738 251.233 66.114
201903 50.979 254.202 66.972
201906 51.384 256.143 66.993
201909 51.497 256.759 66.979
201912 52.399 256.974 68.095
202003 49.378 258.115 63.886
202006 49.725 257.797 64.414
202009 48.258 260.280 61.917
202012 48.503 260.474 62.185
202103 73.050 264.877 92.100
202106 72.522 271.696 89.140
202109 71.549 274.310 87.106
202112 73.289 278.802 87.786
202203 74.595 287.504 86.646
202206 75.177 296.311 84.727
202209 66.899 296.808 75.271
202212 65.366 296.797 73.549
202303 65.026 301.836 71.945
202306 63.733 305.109 69.758
202309 62.320 307.789 67.617
202312 52.483 306.746 57.138
202403 51.495 312.332 55.060
202406 51.796 314.175 55.057
202409 52.071 315.301 55.151
202412 51.671 315.605 54.675
202503 47.662 319.799 49.771
202506 48.725 322.561 50.446
202509 47.343 324.800 48.677
202512 47.272 324.054 48.716
202603 47.860 330.213 48.402
202606 47.203 333.952 47.203

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 International Flavors & Fragrances (WBO:IFF) Overvalued in 2026?

Based on GuruFocus' analysis, International Flavors & Fragrances stock appears to be overvalued. The current stock price of €70.12 is trading 12.9% above its estimated GF Value™ of €62.11. GuruFocus considers International Flavors & Fragrances to be Modestly Overvalued.

Key valuation signals for WBO:IFF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €62.11 vs. price of €70.12 (12.9% above fair value)
  • GF Score™: 63/100 with 9 warning signs

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


International Flavors & Fragrances Business Description

Address 521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. It sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations and partners with customers to deliver custom solutions. Through its taste and scent segments, which each generate around 25% of profits, IFF is a leading flavor and fragrance producer. The health and biosciences business, which generates 30% of profits, is a global leader in probiotics and enzymes. The remaining profits come from the food ingredients business, which sells texturants, plant-based proteins, and other ingredients, though IFF plans to divest it in a deal expected to close in 2027.
63GF Score

Get the complete analysis for WBO:IFF

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

€70.12
Price
€62.11
GF Value