Modern Plant Based Foods (FRA:L3O) Cyclically Adjusted Book per Share: €-0.82 (As of May. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Modern Plant Based Foods Cyclically Adjusted Book per Share?

Modern Plant Based Foods FRA:L3O Cyclically Adjusted Book per Share is €-0.82 as of May. 2026. The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Modern Plant Based Foods's adjusted book value per share for the three months ended in May. 2026 was €-0.190. 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 €-0.82 for the trailing ten years ended in May. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Modern Plant Based Foods was -1.90% per year. The lowest was -46.30% per year. And the median was -17.70% per year.

As of today (2026-09-15), Modern Plant Based Foods's current stock price is €0.024. Modern Plant Based Foods's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was €-0.82. Modern Plant Based Foods's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Modern Plant Based Foods was 1.31. The lowest was 0.07. And the median was 0.29.


Modern Plant Based Foods  (FRA:L3O) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Modern Plant Based Foods was 1.31. The lowest was 0.07. And the median was 0.29.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Modern Plant Based Foods Cyclically Adjusted Book per Share Related Terms


Modern Plant Based Foods Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Modern Plant Based Foods's Cyclically Adjusted Book per Share 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.

Modern Plant Based Foods Cyclically Adjusted Book per Share Chart

Modern Plant Based Foods Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.74 8.80 -2.89 -3.89 -2.38

Modern Plant Based Foods Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted Book per Share 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 -2.06 -2.17 -1.78 -1.28 -0.82

FRA:L3O vs KHC, GIS, MKC: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Modern Plant Based Foods'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.


Modern Plant Based Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modern Plant Based Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Modern Plant Based Foods's Cyclically Adjusted PB Ratio falls into.



Modern Plant Based Foods Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Modern Plant Based Foods's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book= Book Value per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=-0.19/134.0005*134.0005
=-0.190

Current CPI (May. 2026) = 134.0005.

Modern Plant Based Foods Quarterly Data

Book Value per Share CPI Adj_Book
201607 -15.148 101.844 -19.931
201610 -19.125 102.002 -25.125
201701 -7.451 102.318 -9.758
201704 -2.507 103.029 -3.261
201707 -2.916 103.029 -3.793
201710 -1.711 103.424 -2.217
201801 0.726 104.056 0.935
201804 0.107 105.320 0.136
201807 0.614 106.110 0.775
201810 0.512 105.952 0.648
201901 0.452 105.557 0.574
201904 0.407 107.453 0.508
201907 0.354 108.243 0.438
201910 0.401 107.927 0.498
202001 0.223 108.085 0.276
202004 0.138 107.216 0.172
202008 1.117 108.243 1.383
202011 0.871 108.796 1.073
202102 0.879 109.745 1.073
202105 0.996 111.404 1.198
202108 0.731 112.668 0.869
202111 0.610 113.932 0.717
202202 0.310 115.986 0.358
202205 2.265 120.016 2.529
202208 0.031 120.569 0.034
202211 -0.097 121.675 -0.107
202302 -0.082 122.070 -0.090
202305 -0.117 124.045 -0.126
202308 -0.156 125.389 -0.167
202311 -0.178 125.468 -0.190
202402 -0.194 125.468 -0.207
202405 -0.243 127.601 -0.255
202408 -0.266 127.838 -0.279
202411 -0.159 127.838 -0.167
202502 -0.166 128.786 -0.173
202505 -0.150 129.813 -0.155
202508 -0.177 130.208 -0.182
202511 -0.166 130.682 -0.170
202602 -0.177 131.077 -0.181
202605 -0.190 134.001 -0.190

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €-0.82 mean?
Modern Plant Based Foods (FRA:L3O) has a Cyclically Adjusted Book per Share of €-0.82 as of May. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Modern Plant Based Foods and its competitors.
Is Modern Plant Based Foods' Cyclically Adjusted Book per Share too high?
Modern Plant Based Foods' current Cyclically Adjusted Book per Share is €-0.82.
How does Modern Plant Based Foods' Cyclically Adjusted Book per Share compare to KHC and GIS?
Modern Plant Based Foods' Cyclically Adjusted Book per Share of €-0.82 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Modern Plant Based Foods and its competitors. Modern Plant Based Foods's current Cyclically Adjusted Book per Share is €-0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Plant Based Foods stock overvalued right now?
Based on GuruFocus' analysis, Modern Plant Based Foods (FRA:L3O) is currently considered Possible Value Trap. The stock's GF Value™ is €0.08, compared to a current price of €0.02 — trading 70% below its estimated fair value. The current Cyclically Adjusted Book per Share is €-0.82. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Modern Plant Based Foods (FRA:L3O), the current Cyclically Adjusted Book per Share is €-0.82 as of May. 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.

Modern Plant Based Foods Business Description

Other Exchanges MDRNF:USAMEAT:Canada
Address 700 West Georgia Street, Suite 2500, 25th Floor, Vancouver, BC, CAN, V7Y 1B3
Modern Plant Based Foods Inc is a Canadian food company engaged in developing and selling plant-based meat alternatives made from plants. It offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company's product lineup includes the modern burgers, modern crabcakes, modern meatballs, modern crumbles, and sauces. It offers its products through various retail locations in the British Columbia Lower Mainland, as well as on e-commerce platforms. The company's revenue consists of sales of plant-based and health food products to wholesale and retail customers. Geographically, it derives the maximum revenue from Canada.