Manchester United (MEX:MANUN) Cyclically Adjusted Book per Share: MXN52.97 (As of Mar. 2026)

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MEX:MANUN Manchester United PLC MEX:MANUN
51 GF Score
Price MXN392.65
GF Value MXN298.79
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Manchester United Cyclically Adjusted Book per Share?

Manchester United MEX:MANUN 51 Cyclically Adjusted Book per Share is MXN52.97 as of Mar. 2026. GuruFocus rates MEX:MANUN with a GF Score™ of 51/100 and a GF Value™ of MXN298.79 (Significantly Overvalued). The stock has 10 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.

Manchester United's adjusted book value per share for the three months ended in Mar. 2026 was MXN25.016. 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 MXN52.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Manchester United's average Cyclically Adjusted Book Growth Rate was -10.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -7.50% 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 Manchester United was -3.30% per year. The lowest was -7.50% per year. And the median was -5.40% per year.

As of today (2026-08-19), Manchester United's current stock price is MXN392.65. Manchester United's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN52.97. Manchester United's Cyclically Adjusted PB Ratio of today is 7.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Manchester United was 8.01. The lowest was 2.57. And the median was 4.54.


Manchester United  (MEX:MANUN) 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.

Manchester United's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=392.65/52.97
=7.41

* 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 Manchester United was 8.01. The lowest was 2.57. And the median was 4.54.


Be Aware

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


Manchester United Cyclically Adjusted Book per Share Related Terms


Manchester United Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Manchester United'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.

Manchester United Cyclically Adjusted Book per Share Chart

Manchester United Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.96 119.68 69.08 71.43 62.26

Manchester United Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 86.25 62.26 59.85 56.07 52.97

MEX:MANUN vs LION, CNK, MSGE: Cyclically Adjusted Book per Share Comparison

For the Entertainment subindustry, Manchester United'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.


Manchester United Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manchester United's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:MANUN
51GF Score
Manchester United PLC MEX:MANUN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manchester United 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, Manchester United'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)
=25.016/140.8000*140.8000
=25.016

Current CPI (Mar. 2026) = 140.8000.

Manchester United Quarterly Data

Book Value per Share CPI Adj_Book
201606 73.395 101.000 102.317
201609 70.523 101.500 97.829
201612 73.387 102.200 101.105
201703 64.881 102.700 88.951
201706 67.672 103.500 92.060
201709 72.743 104.300 98.200
201712 74.588 105.000 100.019
201803 72.093 105.100 96.581
201806 67.832 105.900 90.186
201809 64.269 106.600 84.888
201812 68.396 107.100 89.917
201903 70.494 107.000 92.762
201906 61.423 107.900 80.152
201909 60.968 108.400 79.191
201912 69.240 108.500 89.852
202003 73.012 108.600 94.660
202006 62.273 108.800 80.589
202009 59.597 109.200 76.843
202012 66.551 109.400 85.652
202103 65.367 109.700 83.899
202106 46.678 111.400 58.997
202109 42.742 112.400 53.542
202112 41.294 114.700 50.690
202203 34.036 116.500 41.135
202206 19.374 120.500 22.638
202209 14.142 122.300 16.281
202212 15.820 125.300 17.777
202303 13.877 126.800 15.409
202306 13.791 129.400 15.006
202309 9.511 130.100 10.293
202312 12.652 130.500 13.651
202403 22.831 131.600 24.427
202406 19.945 133.000 21.115
202409 22.794 133.500 24.040
202412 30.391 135.100 31.673
202503 30.275 136.100 31.320
202506 28.705 138.400 29.203
202509 26.788 138.900 27.154
202512 26.663 139.900 26.835
202603 25.016 140.800 25.016

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 MXN52.97 mean?
Manchester United (MEX:MANUN) has a Cyclically Adjusted Book per Share of MXN52.97 as of Mar. 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 Manchester United and its competitors.
Is Manchester United's Cyclically Adjusted Book per Share too high?
Manchester United's current Cyclically Adjusted Book per Share is MXN52.97. Overall, Manchester United has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester United's Cyclically Adjusted Book per Share compare to LION and CNK?
Manchester United's Cyclically Adjusted Book per Share of MXN52.97 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Cyclically Adjusted Book per Share depends on the Media - Diversified 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 Manchester United and its competitors. Manchester United's current Cyclically Adjusted Book per Share is MXN52.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester United stock overvalued right now?
Based on GuruFocus' analysis, Manchester United (MEX:MANUN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN298.79, compared to a current price of MXN392.65 — trading 31.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN52.97. Manchester United's overall GF Score™ is 51/100 with 10 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 Manchester United (MEX:MANUN), the current Cyclically Adjusted Book per Share is MXN52.97 as of Mar. 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 Manchester United (MEX:MANUN) Overvalued in 2026?

Based on GuruFocus' analysis, Manchester United stock appears to be overvalued. The current stock price of MXN392.65 is trading 31.4% above its estimated GF Value™ of MXN298.79. GuruFocus considers Manchester United to be Significantly Overvalued.

Key valuation signals for MEX:MANUN:

  • Cyclically Adjusted Book per Share: MXN52.97
  • GF Value™: MXN298.79 vs. price of MXN392.65 (31.4% above fair value)
  • GF Score™: 51/100 with 10 warning signs

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


Manchester United Business Description

Other Exchanges MANU:USA0Z1Q:UKMUF:Germany
Address Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates as a professional football club with related activities, generating revenue prominently through commercial, broadcasting, and matchday segments. The commercial segment monetizes the various brands via sponsorships, retail, merchandising, apparel, and product licensing. Broadcasting revenue comes from television rights linked to football leagues and competitions, alongside content delivered through its dedicated TV channel all over the globe. Matchday income includes ticket sales, hospitality, merchandise, and services at its stadium. Manchester United is based in England. The company's operations and fan base extends to many countries, supporting a diversified revenue model based on brand engagement and football-related content.
51GF Score

Get the complete analysis for MEX:MANUN

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

MXN392.65
Price
MXN298.79
GF Value