Viscofan (XMAD:VIS) Cyclically Adjusted PB Ratio: 2.76 (As of Jul. 07, 2026) — 23% Below Median


XMAD:VIS Viscofan SA XMAD:VIS
94 GF Score
Price €57.50
GF Value €62.51
Valuation Fairly Valued
! 4 Warning Signs
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What is Viscofan Cyclically Adjusted PB Ratio?

Viscofan XMAD:VIS -2.04% 94 Cyclically Adjusted PB Ratio is 2.76 as of Jul. 07, 2026, which is 23% below its 10-year median of 3.57. GuruFocus rates XMAD:VIS with a GF Score™ of 94/100 and a GF Value™ of €62.51 (Fairly Valued). The stock has 4 warning signs investors should review. Among 314 Packaging & Containers companies, Viscofan ranks worse than 77.39% on this metric.

As of today (2026-07-07), Viscofan's current share price is €57.50. Viscofan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €20.84. Viscofan's Cyclically Adjusted PB Ratio for today is 2.76.

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

XMAD:VIS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.59   Med: 3.57   Max: 5.24
Current: 2.82

During the past years, Viscofan's highest Cyclically Adjusted PB Ratio was 5.24. The lowest was 2.59. And the median was 3.57.

XMAD:VIS's Cyclically Adjusted PB Ratio is ranked worse than
77.39% of 314 companies
in the Packaging & Containers industry
Industry Median: 1.2 vs XMAD:VIS: 2.82

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.

Viscofan's adjusted book value per share data for the three months ended in Mar. 2026 was €20.565. 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 €20.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Viscofan  (XMAD:VIS) 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.


Viscofan Cyclically Adjusted PB Ratio Related Terms


Viscofan Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Viscofan'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.

Viscofan Cyclically Adjusted PB Ratio Chart

Viscofan 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 3.62 3.49 2.89 3.11 2.60

Viscofan 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 3.22 2.99 2.87 2.60 2.89

XMAD:VIS vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Viscofan'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.


Viscofan Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Viscofan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XMAD:VIS
94GF Score
Viscofan SA XMAD:VIS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viscofan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.50/20.84
=2.76

* 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.

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

For example, Viscofan'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)
=20.565/129.8600*129.8600
=20.565

Current CPI (Mar. 2026) = 129.8600.

Viscofan Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.172 100.333 18.343
201609 14.710 99.737 19.153
201612 15.189 101.842 19.368
201703 15.997 100.896 20.589
201706 15.409 101.848 19.647
201709 15.821 101.524 20.237
201712 15.611 102.975 19.687
201803 16.124 102.122 20.504
201806 15.744 104.165 19.628
201809 16.194 103.818 20.256
201812 16.293 104.193 20.307
201903 16.998 103.488 21.330
201906 16.454 104.612 20.425
201909 16.932 103.905 21.162
201912 16.923 105.015 20.927
202003 16.357 103.469 20.529
202006 15.879 104.254 19.779
202009 16.221 103.521 20.348
202012 15.881 104.456 19.743
202103 16.706 104.857 20.689
202106 17.475 107.102 21.188
202109 18.239 107.669 21.998
202112 17.777 111.298 20.742
202203 18.996 115.153 21.422
202206 19.388 118.044 21.329
202209 20.713 117.221 22.946
202212 19.639 117.650 21.677
202303 20.381 118.948 22.251
202306 20.779 120.278 22.434
202309 21.635 121.343 23.154
202312 20.785 121.300 22.252
202403 21.021 122.762 22.236
202406 20.026 124.409 20.904
202409 20.420 123.121 21.538
202412 20.448 124.753 21.285
202503 20.639 125.531 21.351
202506 19.641 127.251 20.044
202509 20.702 126.840 21.195
202512 20.169 128.400 20.398
202603 20.565 129.860 20.565

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 2.76 mean?
Viscofan (XMAD:VIS) has a Cyclically Adjusted PB Ratio of 2.76 as of Jul. 07, 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 Viscofan and its competitors. This is 23% below median its historical median of 3.57. Over the past decade, Viscofan's Cyclically Adjusted PB Ratio has ranged from 2.59 to 5.24. According to the industry distribution chart, Viscofan ranks #243 out of 314 companies in the Packaging & Containers industry, placing it in the top 77.4%.
Is Viscofan's Cyclically Adjusted PB Ratio too high?
Viscofan's current Cyclically Adjusted PB Ratio of 2.76 is 23% below median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 2.59 to a high of 5.24. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.20. Viscofan's value of 2.76 is 130% above this industry median. Based on the distribution chart, Viscofan ranks #243 out of 314 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Viscofan has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Viscofan's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Viscofan ranks #243 out of 314 companies for Cyclically Adjusted PB Ratio. This places Viscofan in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Viscofan's value of 2.76 is 130% above this benchmark. Historically, Viscofan's own Cyclically Adjusted PB Ratio has ranged from 2.59 to 5.24 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 1.20, Viscofan 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.20, based on 314 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. Viscofan's current Cyclically Adjusted PB Ratio of 2.76 is 130% 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 Viscofan and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viscofan's current Cyclically Adjusted PB Ratio is 2.76, which is 23% below median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viscofan stock overvalued right now?
Based on GuruFocus' analysis, Viscofan (XMAD:VIS) is currently considered Fairly Valued. The stock's GF Value™ is €62.51, compared to a current price of €57.50 — trading 8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is 23% below median its 10-year median of 3.57 and 130% above the Packaging & Containers industry median of 1.20. Viscofan's overall GF Score™ is 94/100 with 4 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 Viscofan (XMAD:VIS), the current Cyclically Adjusted PB Ratio is 2.76 as of Jul. 07, 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 Viscofan (XMAD:VIS) Overvalued in 2026?

Based on GuruFocus' analysis, Viscofan stock appears to be undervalued. The current stock price of €57.50 is trading 8% below its estimated GF Value™ of €62.51. GuruFocus considers Viscofan to be Fairly Valued.

Key valuation signals for XMAD:VIS:

  • Cyclically Adjusted PB Ratio: 2.76 (23% below median its 10-year median of 3.57)
  • GF Value™: €62.51 vs. price of €57.50 (8% below fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 130% above the Packaging & Containers median (#243 of 314)

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


Viscofan Business Description

Address Poligono Industrial Berroa, Calle Berroa Nr. 15, 4th Floor, Tajonar, Navarra, ESP, 31192
Viscofan SA is a casing market and offers growth propositions in the food and health sectors outside the traditional business. It engaged in the manufacture, distribution, and marketing of all types of casings and films for food use. Its products include Cellulose, Collagen, Fibrous, Functional solutions, Plastics, Viscofan Veggie, eFAN, and Edileaf. It also manufactures casings, films, and bags obtained through the treatment of plastic polymers. It has a geographic presence in EMEA, APAC, North America, and South America with key revenue generation from EMEA.
94GF Score

Get the complete analysis for XMAD:VIS

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

€57.50
Price
€62.51
GF Value