ZNZNF (Zinzino Holding AB) Cyclically Adjusted PB Ratio: 20.17 (As of Aug. 01, 2026) — Near 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.

ZNZNF Zinzino Holding AB ZNZNF
88 GF Score
Price $13.31
GF Value $17.41
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Zinzino Holding AB Cyclically Adjusted PB Ratio?

Zinzino Holding AB ZNZNF -2.86% 88 Cyclically Adjusted PB Ratio is 20.17 as of Aug. 01, 2026, which is 5% below its 10-year median of 21.32. GuruFocus rates ZNZNF with a GF Score™ of 88/100 and a GF Value™ of $17.41 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,430 Consumer Packaged Goods companies, Zinzino Holding AB ranks worse than 98.32% on this metric.

As of today (2026-08-01), Zinzino Holding AB's current share price is $13.3145. Zinzino Holding AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.66. Zinzino Holding AB's Cyclically Adjusted PB Ratio for today is 20.17.

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

ZNZNF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.22   Med: 21.32   Max: 60.11
Current: 21.37

During the past years, Zinzino Holding AB's highest Cyclically Adjusted PB Ratio was 60.11. The lowest was 9.22. And the median was 21.32.

ZNZNF's Cyclically Adjusted PB Ratio is ranked worse than
98.32% of 1430 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs ZNZNF: 21.37

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.

Zinzino Holding AB's adjusted book value per share data for the three months ended in Mar. 2026 was $3.224. 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 $0.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zinzino Holding AB  (OTCPK:ZNZNF) 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.


Zinzino Holding AB Cyclically Adjusted PB Ratio Related Terms


Zinzino Holding AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zinzino Holding AB'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.

Zinzino Holding AB Cyclically Adjusted PB Ratio Chart

Zinzino Holding AB 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 26.28 9.02 17.04 20.04 29.57

Zinzino Holding AB 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 32.15 53.20 28.06 29.57 23.09

ZNZNF vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Zinzino Holding AB'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.


Zinzino Holding AB Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zinzino Holding AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ZNZNF
88GF Score
Zinzino Holding AB ZNZNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zinzino Holding AB 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.

Zinzino Holding AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.3145/0.66
=20.17

* 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.

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

For example, Zinzino Holding AB'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)
=3.224/133.5600*133.5600
=3.224

Current CPI (Mar. 2026) = 133.5600.

Zinzino Holding AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.316 101.019 0.418
201609 0.315 101.138 0.416
201612 0.274 102.022 0.359
201703 0.312 102.022 0.408
201706 0.290 102.752 0.377
201709 0.321 103.279 0.415
201712 0.197 103.793 0.253
201803 0.313 103.962 0.402
201806 0.246 104.875 0.313
201809 0.250 105.679 0.316
201812 0.147 105.912 0.185
201903 0.193 105.886 0.243
201906 0.138 106.742 0.173
201909 0.127 107.214 0.158
201912 0.107 107.766 0.133
202003 0.161 106.563 0.202
202006 0.127 107.498 0.158
202009 0.233 107.635 0.289
202012 0.316 108.296 0.390
202103 0.448 108.360 0.552
202106 0.377 108.928 0.462
202109 0.435 110.338 0.527
202112 0.467 112.486 0.554
202203 0.535 114.825 0.622
202206 0.340 118.384 0.384
202209 0.339 122.296 0.370
202212 0.440 126.365 0.465
202303 0.521 127.042 0.548
202306 0.465 129.407 0.480
202309 0.589 130.224 0.604
202312 0.747 131.912 0.756
202403 0.885 132.205 0.894
202406 0.817 132.716 0.822
202409 0.946 132.304 0.955
202412 1.007 132.987 1.011
202503 1.349 132.825 1.356
202506 1.307 133.699 1.306
202509 1.702 133.480 1.703
202512 2.092 133.390 2.095
202603 3.224 133.560 3.224

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 20.17 mean?
Zinzino Holding AB (ZNZNF) has a Cyclically Adjusted PB Ratio of 20.17 as of Aug. 01, 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 Zinzino Holding AB and its competitors. This is near median its historical median of 21.32. Over the past decade, Zinzino Holding AB's Cyclically Adjusted PB Ratio has ranged from 9.22 to 60.11. According to the industry distribution chart, Zinzino Holding AB ranks #1406 out of 1430 companies in the Consumer Packaged Goods industry, placing it in the top 98.3%.
Is Zinzino Holding AB's Cyclically Adjusted PB Ratio too high?
Zinzino Holding AB's current Cyclically Adjusted PB Ratio of 20.17 is near median its 10-year median of 21.32. Over the past 10 years, this metric has ranged from a low of 9.22 to a high of 60.11. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Zinzino Holding AB's value of 20.17 is 1513.6% above this industry median. Based on the distribution chart, Zinzino Holding AB ranks #1406 out of 1430 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Zinzino Holding AB has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zinzino Holding AB's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Zinzino Holding AB ranks #1406 out of 1430 companies for Cyclically Adjusted PB Ratio. This places Zinzino Holding AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Zinzino Holding AB's value of 20.17 is 1513.6% above this benchmark. Historically, Zinzino Holding AB's own Cyclically Adjusted PB Ratio has ranged from 9.22 to 60.11 over the past decade. While the company's 10-year median is 21.32 vs. the industry median of 1.25, Zinzino Holding AB 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,430 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. Zinzino Holding AB's current Cyclically Adjusted PB Ratio of 20.17 is 1513.6% 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 Zinzino Holding AB and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zinzino Holding AB's current Cyclically Adjusted PB Ratio is 20.17, which is near median its own 10-year median of 21.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zinzino Holding AB stock overvalued right now?
Based on GuruFocus' analysis, Zinzino Holding AB (ZNZNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.41, compared to a current price of $13.31 — trading 23.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 20.17, which is near median its 10-year median of 21.32 and 1513.6% above the Consumer Packaged Goods industry median of 1.25. Zinzino Holding AB's overall GF Score™ is 88/100 with 1 warning sign 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 Zinzino Holding AB (ZNZNF), the current Cyclically Adjusted PB Ratio is 20.17 as of Aug. 01, 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 Zinzino Holding AB (ZNZNF) Overvalued in 2026?

Based on GuruFocus' analysis, Zinzino Holding AB stock appears to be undervalued. The current stock price of $13.31 is trading 23.5% below its estimated GF Value™ of $17.41. GuruFocus considers Zinzino Holding AB to be Modestly Undervalued.

Key valuation signals for ZNZNF:

  • Cyclically Adjusted PB Ratio: 20.17 (near median its 10-year median of 21.32)
  • GF Value™: $17.41 vs. price of $13.31 (23.5% below fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 1513.6% above the Consumer Packaged Goods median (#1406 of 1430)

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


Zinzino Holding AB Business Description

Other Exchanges ZZ B:Sweden9EE:Germany
Address Hulda Mellgrens Gata 5, Vastra Frolunda, Gothenburg, SWE, 421 32
Zinzino Holding AB is a direct sales company. The company offers products focusing on nutritional supplements, skincare, and lifestyle products. The company operates in two segments Zinzino and Faun. The majority of the revenue is generated from the Zinzino segment. The company's product areas include Immune and Brain, SkinCare, Weight Control, Beverages, and others. The company's geographical segments include Sweden, Hungary, Germany, Norway, Finland, Denmark, and other countries.
88GF Score

Get the complete analysis for ZNZNF

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

$13.31
Price
$17.41
GF Value