Rocky Mountain Chocolate Factory (FRA:RMFA) Cyclically Adjusted Book per Share: €2.50 (As of May. 2026)

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FRA:RMFA Rocky Mountain Chocolate Factory Inc FRA:RMFA
53 GF Score
Price €0.95
GF Value €1.25
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Rocky Mountain Chocolate Factory Cyclically Adjusted Book per Share?

Rocky Mountain Chocolate Factory FRA:RMFA -8.25% 53 Cyclically Adjusted Book per Share is €2.50 as of May. 2026. GuruFocus rates FRA:RMFA with a GF Score™ of 53/100 and a GF Value™ of €1.25 (Modestly Undervalued). The stock has 8 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.

Rocky Mountain Chocolate Factory's adjusted book value per share for the three months ended in May. 2026 was €0.378. 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 €2.50 for the trailing ten years ended in May. 2026.

During the past 12 months, Rocky Mountain Chocolate Factory's average Cyclically Adjusted Book Growth Rate was -6.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.00% per year. 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 Rocky Mountain Chocolate Factory was 10.90% per year. The lowest was -5.10% per year. And the median was 5.80% per year.

As of today (2026-08-20), Rocky Mountain Chocolate Factory's current stock price is €0.945. Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was €2.50. Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio of today is 0.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Rocky Mountain Chocolate Factory was 4.41. The lowest was 0.26. And the median was 1.75.


Rocky Mountain Chocolate Factory  (FRA:RMFA) 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.

Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.945/2.50
=0.38

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Rocky Mountain Chocolate Factory was 4.41. The lowest was 0.26. And the median was 1.75.


Be Aware

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


Rocky Mountain Chocolate Factory Cyclically Adjusted Book per Share Related Terms


Rocky Mountain Chocolate Factory Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Rocky Mountain Chocolate Factory'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.

Rocky Mountain Chocolate Factory Cyclically Adjusted Book per Share Chart

Rocky Mountain Chocolate Factory Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 3.45 3.26 3.02 2.59

Rocky Mountain Chocolate Factory 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 2.54 2.52 2.58 2.59 2.50

FRA:RMFA vs MTTCF, MGNC, PURE: Cyclically Adjusted Book per Share Comparison

For the Confectioners subindustry, Rocky Mountain Chocolate Factory'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.


Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio falls into.


FRA:RMFA
53GF Score
Rocky Mountain Chocolate Factory Inc FRA:RMFA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rocky Mountain Chocolate Factory 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, Rocky Mountain Chocolate Factory'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)
=0.378/335.1230*335.1230
=0.378

Current CPI (May. 2026) = 335.1230.

Rocky Mountain Chocolate Factory Quarterly Data

Book Value per Share CPI Adj_Book
201608 2.851 240.849 3.967
201611 3.033 241.353 4.211
201702 3.020 243.603 4.155
201705 2.949 244.733 4.038
201708 2.796 245.519 3.816
201711 2.838 246.669 3.856
201802 2.684 248.991 3.612
201805 2.938 251.588 3.914
201808 3.009 252.146 3.999
201811 3.045 252.038 4.049
201902 3.015 252.776 3.997
201905 3.092 256.092 4.046
201908 3.147 256.558 4.111
201911 3.064 257.208 3.992
202002 2.948 258.678 3.819
202005 2.395 256.394 3.130
202008 2.236 259.918 2.883
202011 2.325 260.229 2.994
202102 2.583 263.014 3.291
202105 2.649 269.195 3.298
202108 2.778 273.567 3.403
202111 2.683 277.948 3.235
202202 2.763 283.716 3.264
202205 2.956 292.296 3.389
202208 2.526 296.171 2.858
202211 2.501 297.711 2.815
202302 2.145 300.840 2.389
202305 2.013 304.127 2.218
202308 1.874 307.026 2.045
202311 1.800 307.051 1.965
202402 1.562 310.326 1.687
202405 1.319 314.069 1.407
202408 1.258 314.796 1.339
202411 1.208 315.493 1.283
202502 0.867 319.082 0.911
202505 0.769 321.465 0.802
202508 0.675 323.976 0.698
202511 0.666 324.122 0.689
202602 0.473 326.785 0.485
202605 0.378 335.123 0.378

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 €2.50 mean?
Rocky Mountain Chocolate Factory (FRA:RMFA) has a Cyclically Adjusted Book per Share of €2.50 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 Rocky Mountain Chocolate Factory and its competitors.
Is Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share too high?
Rocky Mountain Chocolate Factory's current Cyclically Adjusted Book per Share is €2.50. Overall, Rocky Mountain Chocolate Factory has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share compare to MTTCF and MGNC?
Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share of €2.50 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 Rocky Mountain Chocolate Factory and its competitors. Rocky Mountain Chocolate Factory's current Cyclically Adjusted Book per Share is €2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocky Mountain Chocolate Factory stock overvalued right now?
Based on GuruFocus' analysis, Rocky Mountain Chocolate Factory (FRA:RMFA) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.25, compared to a current price of €0.95 — trading 24.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is €2.50. Rocky Mountain Chocolate Factory's overall GF Score™ is 53/100 with 8 warning signs to review. 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 Rocky Mountain Chocolate Factory (FRA:RMFA), the current Cyclically Adjusted Book per Share is €2.50 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.

Is Rocky Mountain Chocolate Factory (FRA:RMFA) Overvalued in 2026?

Based on GuruFocus' analysis, Rocky Mountain Chocolate Factory stock appears to be undervalued. The current stock price of €0.95 is trading 24.4% below its estimated GF Value™ of €1.25. GuruFocus considers Rocky Mountain Chocolate Factory to be Modestly Undervalued.

Key valuation signals for FRA:RMFA:

  • Cyclically Adjusted Book per Share: €2.50
  • GF Value™: €1.25 vs. price of €0.95 (24.4% below fair value)
  • GF Score™: 53/100 with 8 warning signs

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


Rocky Mountain Chocolate Factory Business Description

Other Exchanges RMCF:USA
Address 265 Turner Drive, Durango, CO, USA, 81303
Rocky Mountain Chocolate Factory Inc operates as a manufacturer of chocolate candies and confectionery products. The company prepares numerous products, including caramel apples in the store. The business activity of the firm functions through Franchising, Manufacturing, Retail Stores, and Others. The company derives maximum revenue through manufacturing activities. The products of the company include varieties of Clusters, Caramels, Creams, Toffees, Mints, and Truffles.
53GF Score

Get the complete analysis for FRA:RMFA

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

€0.95
Price
€1.25
GF Value