Maple Leaf Foods (TSX:MFI) Cyclically Adjusted Book per Share: C$17.28 (As of Mar. 2026)


TSX:MFI Maple Leaf Foods Inc TSX:MFI
73 GF Score
Price C$30.94
GF Value C$20.49
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Maple Leaf Foods Cyclically Adjusted Book per Share?

Maple Leaf Foods TSX:MFI +0.78% 73 Cyclically Adjusted Book per Share is C$17.28 as of Mar. 2026. GuruFocus rates TSX:MFI with a GF Score™ of 73/100 and a GF Value™ of C$20.49 (Significantly Overvalued). The stock has 7 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.

Maple Leaf Foods's adjusted book value per share for the three months ended in Mar. 2026 was C$10.806. 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 C$17.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Maple Leaf Foods's average Cyclically Adjusted Book Growth Rate was -2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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 Maple Leaf Foods was 9.30% per year. The lowest was 0.30% per year. And the median was 6.65% per year.

As of today (2026-07-09), Maple Leaf Foods's current stock price is C$30.94. Maple Leaf Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$17.28. Maple Leaf Foods's Cyclically Adjusted PB Ratio of today is 1.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maple Leaf Foods was 2.89. The lowest was 1.02. And the median was 1.71.


Maple Leaf Foods  (TSX:MFI) 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.

Maple Leaf Foods's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.94/17.28
=1.79

* 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 Maple Leaf Foods was 2.89. The lowest was 1.02. And the median was 1.71.


Be Aware

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


Maple Leaf Foods Cyclically Adjusted Book per Share Related Terms


Maple Leaf Foods Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Maple Leaf 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.

Maple Leaf Foods Cyclically Adjusted Book per Share Chart

Maple Leaf Foods 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 15.38 17.11 17.92 17.61 17.27

Maple Leaf Foods 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 17.67 17.60 17.48 17.27 17.28

TSX:MFI vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Maple Leaf 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.


Maple Leaf Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Maple Leaf Foods's Cyclically Adjusted PB Ratio falls into.


TSX:MFI
73GF Score
Maple Leaf Foods Inc TSX:MFI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maple Leaf 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, Maple Leaf Foods'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)
=10.806/132.2623*132.2623
=10.806

Current CPI (Mar. 2026) = 132.2623.

Maple Leaf Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.551 102.002 20.164
201609 15.847 101.765 20.596
201612 15.808 101.449 20.609
201703 15.893 102.634 20.481
201706 15.875 103.029 20.379
201709 15.990 103.345 20.464
201712 16.220 103.345 20.759
201803 16.391 105.004 20.646
201806 16.276 105.557 20.394
201809 16.130 105.636 20.196
201812 16.257 105.399 20.400
201903 16.207 106.979 20.037
201906 15.633 107.690 19.200
201909 15.611 107.611 19.187
201912 15.862 107.769 19.467
202003 15.468 107.927 18.956
202006 15.218 108.401 18.568
202009 15.646 108.164 19.132
202012 15.688 108.559 19.113
202103 16.547 110.298 19.842
202106 16.332 111.720 19.335
202109 16.687 112.905 19.548
202112 16.458 113.774 19.132
202203 16.883 117.646 18.981
202206 16.283 120.806 17.827
202209 14.086 120.648 15.442
202212 13.670 120.964 14.947
202303 13.091 122.702 14.111
202306 12.739 124.203 13.566
202309 12.648 125.230 13.358
202312 12.362 125.072 13.073
202403 12.652 126.258 13.254
202406 12.791 127.522 13.267
202409 12.239 127.285 12.718
202412 12.439 127.364 12.917
202503 12.705 129.181 13.008
202506 12.817 129.892 13.051
202509 13.105 130.287 13.304
202512 10.619 130.366 10.773
202603 10.806 132.262 10.806

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 C$17.28 mean?
Maple Leaf Foods (TSX:MFI) has a Cyclically Adjusted Book per Share of C$17.28 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 Maple Leaf Foods and its competitors.
Is Maple Leaf Foods' Cyclically Adjusted Book per Share too high?
Maple Leaf Foods' current Cyclically Adjusted Book per Share is C$17.28. Overall, Maple Leaf Foods has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maple Leaf Foods' Cyclically Adjusted Book per Share compare to KHC and GIS?
Maple Leaf Foods' Cyclically Adjusted Book per Share of C$17.28 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 Maple Leaf Foods and its competitors. Maple Leaf Foods's current Cyclically Adjusted Book per Share is C$17.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maple Leaf Foods stock overvalued right now?
Based on GuruFocus' analysis, Maple Leaf Foods (TSX:MFI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$20.49, compared to a current price of C$30.94 — trading 51% above its estimated fair value. The current Cyclically Adjusted Book per Share is C$17.28. Maple Leaf Foods' overall GF Score™ is 73/100 with 7 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 Maple Leaf Foods (TSX:MFI), the current Cyclically Adjusted Book per Share is C$17.28 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 Maple Leaf Foods (TSX:MFI) Overvalued in 2026?

Based on GuruFocus' analysis, Maple Leaf Foods stock appears to be overvalued. The current stock price of C$30.94 is trading 51% above its estimated GF Value™ of C$20.49. GuruFocus considers Maple Leaf Foods to be Significantly Overvalued.

Key valuation signals for TSX:MFI:

  • Cyclically Adjusted Book per Share: C$17.28
  • GF Value™: C$20.49 vs. price of C$30.94 (51% above fair value)
  • GF Score™: 73/100 with 7 warning signs

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


Maple Leaf Foods Business Description

Other Exchanges MLFNF:USA0V5G:UKM1L:Germany
Address 6897 Financial Drive, Mississauga, ON, CAN, L5N 0A8
Maple Leaf Foods Inc is a protein-focused consumer packaged goods company that responsibly produces food products under brands including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, value-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, and Others.
73GF Score

Get the complete analysis for TSX:MFI

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

C$30.94
Price
C$20.49
GF Value