MAT (Mattel) Cyclically Adjusted PB Ratio: (As of Aug. 05, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

MAT Mattel Inc MAT
66 GF Score
Price $14.64
GF Value $22.15
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Mattel Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mattel  (NAS:MAT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Mattel Cyclically Adjusted PB Ratio Related Terms


Mattel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mattel's Cyclically Adjusted PB Ratio 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.

Mattel Cyclically Adjusted PB Ratio Chart

Mattel Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.49 2.95 3.34 3.37 3.93

Mattel Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 3.80 3.27 3.93 2.86 0.00

MAT vs PLNT, YETI, CALY: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Mattel'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.


Mattel Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mattel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MAT
66GF Score
Mattel Inc MAT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mattel Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Mattel's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mattel'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)
=6.916/333.9520*333.9520
=6.916

Current CPI (Jun. 2026) = 333.9520.

Mattel Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.060 241.428 9.766
201612 7.032 241.432 9.727
201703 6.468 243.801 8.860
201706 6.033 244.955 8.225
201709 4.189 246.819 5.668
201712 3.627 246.524 4.913
201803 2.856 249.554 3.822
201806 1.929 251.989 2.556
201809 1.931 252.439 2.555
201812 1.931 251.233 2.567
201903 1.501 254.202 1.972
201906 1.219 256.143 1.589
201909 1.309 256.759 1.703
201912 1.418 256.974 1.843
202003 0.455 258.115 0.589
202006 0.248 257.797 0.321
202009 1.162 260.280 1.491
202012 1.752 260.474 2.246
202103 1.359 264.877 1.713
202106 1.512 271.696 1.858
202109 3.774 274.310 4.595
202112 4.473 278.802 5.358
202203 4.590 287.504 5.332
202206 4.891 296.311 5.512
202209 5.552 296.808 6.247
202212 5.802 296.797 6.528
202303 5.474 301.836 6.056
202306 5.543 305.109 6.067
202309 5.761 307.789 6.251
202312 6.168 306.746 6.715
202403 5.887 312.332 6.295
202406 5.805 314.175 6.170
202409 6.866 315.301 7.272
202412 6.862 315.605 7.261
202503 6.595 319.799 6.887
202506 6.739 322.561 6.977
202509 7.273 324.800 7.478
202512 7.410 324.054 7.636
202603 7.249 330.213 7.331
202606 6.916 333.952 6.916

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

Is Mattel (MAT) Overvalued in 2026?

Based on GuruFocus' analysis, Mattel stock appears to be undervalued. The current stock price of $14.64 is trading 33.9% below its estimated GF Value™ of $22.15. GuruFocus considers Mattel to be Significantly Undervalued.

Key valuation signals for MAT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $22.15 vs. price of $14.64 (33.9% below fair value)
  • GF Score™: 66/100 with 1 warning sign

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


Mattel Business Description

Address 333 Continental Boulevard, El Segundo, CA, USA, 90245-5012
Mattel manufactures and markets toy products that are sold to its wholesale partners and direct to retail customers. The company offers products for children and families, including toys for infants and preschoolers, girls and boys, youth electronics, hand-held and other games, puzzles, educational toys, media-driven products, and plush and fashion-related toys. Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas & Friends, and American Girl. In addition, it currently manufactures toy products for its segments both internally and externally (through manufacturing partners). Nearly 60% of its net sales were generated from North America in 2025, with the remainder stemming from international markets.
66GF Score

Get the complete analysis for MAT

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

$14.64
Price
$22.15
GF Value