Pan Jamaica Group (XJAM:PJAM) Cyclically Adjusted PB Ratio: 0.92 (As of Jul. 23, 2026) — 28% Below Median

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.

XJAM:PJAM Pan Jamaica Group Ltd XJAM:PJAM
93 GF Score
Price JMD43.02
GF Value JMD63.58
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Pan Jamaica Group Cyclically Adjusted PB Ratio?

Pan Jamaica Group XJAM:PJAM -4.68% 93 Cyclically Adjusted PB Ratio is 0.92 as of Jul. 23, 2026, which is 28% below its 10-year median of 1.27. GuruFocus rates XJAM:PJAM with a GF Score™ of 93/100 and a GF Value™ of JMD63.58 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 85 Beverages - Non-Alcoholic companies, Pan Jamaica Group ranks better than 78.82% on this metric.

As of today (2026-07-23), Pan Jamaica Group's current share price is JMD43.02. Pan Jamaica Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was JMD46.77. Pan Jamaica Group's Cyclically Adjusted PB Ratio for today is 0.92.

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

XJAM:PJAM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.27   Max: 2.2
Current: 0.97

During the past years, Pan Jamaica Group's highest Cyclically Adjusted PB Ratio was 2.20. The lowest was 0.96. And the median was 1.27.

XJAM:PJAM's Cyclically Adjusted PB Ratio is ranked better than
78.82% of 85 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.18 vs XJAM:PJAM: 0.97

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.

Pan Jamaica Group's adjusted book value per share data for the three months ended in Mar. 2026 was JMD52.726. 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 JMD46.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pan Jamaica Group  (XJAM:PJAM) 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.


Pan Jamaica Group Cyclically Adjusted PB Ratio Related Terms


Pan Jamaica Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pan Jamaica Group'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.

Pan Jamaica Group Cyclically Adjusted PB Ratio Chart

Pan Jamaica Group 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 2.11 1.61 1.28 1.41 1.11

Pan Jamaica Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.39 1.23 1.12 1.11 1.12

XJAM:PJAM vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Pan Jamaica Group'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.


Pan Jamaica Group Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Pan Jamaica Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XJAM:PJAM
93GF Score
Pan Jamaica Group Ltd XJAM:PJAM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan Jamaica Group 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.

Pan Jamaica Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.02/46.77
=0.92

* 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.

Pan Jamaica Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pan Jamaica Group's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=52.726/330.2130*330.2130
=52.726

Current CPI (Mar. 2026) = 330.2130.

Pan Jamaica Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 22.523 241.018 30.858
201609 24.174 241.428 33.064
201612 24.077 241.432 32.931
201703 24.810 243.801 33.604
201706 25.524 244.955 34.408
201709 26.905 246.819 35.996
201712 28.633 246.524 38.353
201803 28.648 249.554 37.907
201806 29.169 251.989 38.224
201809 31.024 252.439 40.582
201812 31.640 251.233 41.587
201903 32.982 254.202 42.844
201906 36.404 256.143 46.931
201909 38.783 256.759 49.878
201912 40.397 256.974 51.910
202003 38.285 258.115 48.979
202006 40.364 257.797 51.702
202009 42.242 260.280 53.592
202012 44.511 260.474 56.428
202103 44.417 264.877 55.373
202106 45.922 271.696 55.813
202109 47.763 274.310 57.497
202112 40.581 278.802 48.064
202203 47.507 287.504 54.564
202206 45.600 296.311 50.817
202209 45.999 296.808 51.176
202212 40.138 296.797 44.657
202303 39.862 301.836 43.610
202306 0.000 305.109 0.000
202309 0.000 307.789 0.000
202312 46.805 306.746 50.386
202403 46.820 312.332 49.500
202406 47.351 314.175 49.768
202409 48.388 315.301 50.676
202412 48.619 315.605 50.869
202503 49.941 319.799 51.567
202506 51.693 322.561 52.919
202509 52.844 324.800 53.725
202512 52.873 324.054 53.878
202603 52.726 330.213 52.726

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 0.92 mean?
Pan Jamaica Group (XJAM:PJAM) has a Cyclically Adjusted PB Ratio of 0.92 as of Jul. 23, 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 Pan Jamaica Group and its competitors. This is 28% below median its historical median of 1.27. Over the past decade, Pan Jamaica Group's Cyclically Adjusted PB Ratio has ranged from 0.96 to 2.20. According to the industry distribution chart, Pan Jamaica Group ranks #18 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 21.2%.
Is Pan Jamaica Group's Cyclically Adjusted PB Ratio too high?
Pan Jamaica Group's current Cyclically Adjusted PB Ratio of 0.92 is 28% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 2.20. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.18. Pan Jamaica Group's value of 0.92 is 57.8% below this industry median. Based on the distribution chart, Pan Jamaica Group ranks #18 out of 85 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Pan Jamaica Group has a GF Score™ of 93/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pan Jamaica Group's Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Pan Jamaica Group ranks #18 out of 85 companies for Cyclically Adjusted PB Ratio. This places Pan Jamaica Group in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.18. Pan Jamaica Group's value of 0.92 is 57.8% below this benchmark. Historically, Pan Jamaica Group's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 2.20 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 2.18, Pan Jamaica Group has consistently been below 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 - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.18, based on 85 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. Pan Jamaica Group's current Cyclically Adjusted PB Ratio of 0.92 is 57.8% below 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 Pan Jamaica Group and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan Jamaica Group's current Cyclically Adjusted PB Ratio is 0.92, which is 28% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Jamaica Group stock overvalued right now?
Based on GuruFocus' analysis, Pan Jamaica Group (XJAM:PJAM) is currently considered Significantly Undervalued. The stock's GF Value™ is JMD63.58, compared to a current price of JMD43.02 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 28% below median its 10-year median of 1.27 and 57.8% below the Beverages - Non-Alcoholic industry median of 2.18. Pan Jamaica Group's overall GF Score™ is 93/100 with 6 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 Pan Jamaica Group (XJAM:PJAM), the current Cyclically Adjusted PB Ratio is 0.92 as of Jul. 23, 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 Pan Jamaica Group (XJAM:PJAM) Overvalued in 2026?

Based on GuruFocus' analysis, Pan Jamaica Group stock appears to be undervalued. The current stock price of JMD43.02 is trading 32.3% below its estimated GF Value™ of JMD63.58. GuruFocus considers Pan Jamaica Group to be Significantly Undervalued.

Key valuation signals for XJAM:PJAM:

  • Cyclically Adjusted PB Ratio: 0.92 (28% below median its 10-year median of 1.27)
  • GF Value™: JMD63.58 vs. price of JMD43.02 (32.3% below fair value)
  • GF Score™: 93/100 with 6 warning signs
  • Industry Position: 57.8% below the Beverages - Non-Alcoholic median (#18 of 85)

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


Pan Jamaica Group Business Description

Address 60 Knutsford Boulevard, Kingston, JAM, 5
Pan Jamaica Group Ltd is a Caribbean-based multinational holding company. It acquires, holds, and operates businesses in the Caribbean, Europe and the Americas. The company's business is divided into five segments: i) The Property and Infrastructure segment focuses on the development and management of real estate and related infrastructure. ii) The Financial Services segment provides products and services to institutional and individual investors. iii) The Global Services segment includes logistics-related operations. iv) The Specialty Foods segment is engaged in agriculture, processing, distribution and/or retail of food and drink. v) Corporate services, which comprises interest and investment income. The majority of the company's revenue is derived from the Specialty Foods segment.
93GF Score

Get the complete analysis for XJAM:PJAM

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

JMD43.02
Price
JMD63.58
GF Value