Amazon.com (MEX:AMZ N) Cyclically Adjusted Book per Share: MXN276.83 (As of Jun. 2026)

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.

MEX:AMZ N Amazon.com Inc MEX:AMZ N
94 GF Score
Price MXN4,426.15
GF Value MXN4,172.93
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Amazon.com Cyclically Adjusted Book per Share?

Amazon.com MEX:AMZ N -1.82% 94 Cyclically Adjusted Book per Share is MXN276.83 as of Jun. 2026. GuruFocus rates MEX:AMZ N with a GF Score™ of 94/100 and a GF Value™ of MXN4,172.93 (Fairly Valued). The stock has 5 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.

Amazon.com's adjusted book value per share for the three months ended in Jun. 2026 was MXN892.629. 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 MXN276.83 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Amazon.com's average Cyclically Adjusted Book Growth Rate was 38.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 33.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 35.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 35.60% 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 Amazon.com was 73.80% per year. The lowest was 24.60% per year. And the median was 33.65% per year.

As of today (2026-08-21), Amazon.com's current stock price is MXN4426.15. Amazon.com's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN276.83. Amazon.com's Cyclically Adjusted PB Ratio of today is 15.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Amazon.com was 76.24. The lowest was 14.51. And the median was 45.78.


Amazon.com  (MEX:AMZ N) 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.

Amazon.com's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4426.15/276.83
=15.99

* 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 Amazon.com was 76.24. The lowest was 14.51. And the median was 45.78.


Be Aware

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


Amazon.com Cyclically Adjusted Book per Share Related Terms


Amazon.com Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Amazon.com'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.

Amazon.com Cyclically Adjusted Book per Share Chart

Amazon.com Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.82 108.76 125.23 204.88 238.46

Amazon.com Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 215.33 226.23 238.46 260.48 276.83

MEX:AMZ N vs BABA, PDD, MELI: Cyclically Adjusted Book per Share Comparison

For the Internet Retail subindustry, Amazon.com'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.


Amazon.com Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Amazon.com's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:AMZ N
94GF Score
Amazon.com Inc MEX:AMZ N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amazon.com 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, Amazon.com's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=892.629/333.9520*333.9520
=892.629

Current CPI (Jun. 2026) = 333.9520.

Amazon.com Quarterly Data

Book Value per Share CPI Adj_Book
201609 36.192 241.428 50.062
201612 41.677 241.432 57.648
201703 42.688 243.801 58.473
201706 43.710 244.955 59.591
201709 46.420 246.819 62.807
201712 56.218 246.524 76.155
201803 58.929 249.554 78.859
201806 70.599 251.989 93.562
201809 74.830 252.439 98.993
201812 87.076 251.233 115.746
201903 95.433 254.202 125.373
201906 103.162 256.143 134.500
201909 112.685 256.759 146.563
201912 117.515 256.974 152.717
202003 153.356 258.115 198.414
202006 169.840 257.797 220.012
202009 182.130 260.280 233.682
202012 184.691 260.474 236.791
202103 209.688 264.877 264.371
202106 225.817 271.696 277.560
202109 244.481 274.310 297.637
202112 278.581 278.802 333.687
202203 262.092 287.504 304.435
202206 259.604 296.311 292.582
202209 271.190 296.808 305.128
202212 277.998 296.797 312.800
202303 271.528 301.836 300.419
202306 280.277 305.109 306.773
202309 308.537 307.789 334.764
202312 330.028 306.746 359.299
202403 345.647 312.332 369.573
202406 412.939 314.175 438.933
202409 485.469 315.301 514.186
202412 563.023 315.605 595.753
202503 589.606 319.799 615.700
202506 589.561 322.561 610.381
202509 634.470 324.800 652.348
202512 689.732 324.054 710.799
202603 741.000 330.213 749.390
202606 892.629 333.952 892.629

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 MXN276.83 mean?
Amazon.com (MEX:AMZ N) has a Cyclically Adjusted Book per Share of MXN276.83 as of Jun. 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 Amazon.com and its competitors.
Is Amazon.com's Cyclically Adjusted Book per Share too high?
Amazon.com's current Cyclically Adjusted Book per Share is MXN276.83. Overall, Amazon.com has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Amazon.com's Cyclically Adjusted Book per Share compare to BABA and PDD?
Amazon.com's Cyclically Adjusted Book per Share of MXN276.83 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 Amazon.com and its competitors. Amazon.com's current Cyclically Adjusted Book per Share is MXN276.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amazon.com stock overvalued right now?
Based on GuruFocus' analysis, Amazon.com (MEX:AMZ N) is currently considered Fairly Valued. The stock's GF Value™ is MXN4,172.93, compared to a current price of MXN4,426.15 — trading 6.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN276.83. Amazon.com's overall GF Score™ is 94/100 with 5 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 Amazon.com (MEX:AMZ N), the current Cyclically Adjusted Book per Share is MXN276.83 as of Jun. 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 Amazon.com (MEX:AMZ N) Overvalued in 2026?

Based on GuruFocus' analysis, Amazon.com stock appears to be overvalued. The current stock price of MXN4,426.15 is trading 6.1% above its estimated GF Value™ of MXN4,172.93. GuruFocus considers Amazon.com to be Fairly Valued.

Key valuation signals for MEX:AMZ N:

  • Cyclically Adjusted Book per Share: MXN276.83
  • GF Value™: MXN4,172.93 vs. price of MXN4,426.15 (6.1% above fair value)
  • GF Score™: 94/100 with 5 warning signs

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


Amazon.com Business Description

Address 410 Terry Avenue North, Seattle, WA, USA, 98109-5210
Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 74% of total, followed by Amazon Web Services (17%), and advertising services (9%). International segments constitute 22% of Amazon's total revenue, led by Germany, the United Kingdom, and Japan.
94GF Score

Get the complete analysis for MEX:AMZ N

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

MXN4,426.15
Price
MXN4,172.93
GF Value