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ManagemCAS:MNG -3.59%80 Cyclically Adjusted PB Ratio is 18.56 as of Jul. 29, 2026, which is 53% below its 10-year median of 39.31. GuruFocus rates CAS:MNG with a GF Score™ of 80/100 and a GF Value™ of MAD5,338.08 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,538 Metals & Mining companies, Managem ranks worse than 96.68% on this metric.
As of today (2026-07-29), Managem's current share price is MAD1315.00. Managem's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was MAD70.85. Managem's Cyclically Adjusted PB Ratio for today is 18.56.
The historical rank and industry rank for Managem's Cyclically Adjusted PB Ratio or its related term are showing as below:
CAS:MNG'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.11 Med: 39.31 Max: 234.3
Current: 18.56
During the past 13 years, Managem's highest Cyclically Adjusted PB Ratio was 234.30. The lowest was 10.11. And the median was 39.31.
CAS:MNG's Cyclically Adjusted PB Ratio is ranked worse than 96.68% of 1538
companies
in the Metals & Mining industry
Industry Median: 1.415
vs CAS:MNG: 18.56
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.
Managem's adjusted book value per share data of for the fiscal year that ended in Dec25 was MAD96.743. 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 MAD70.85 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Managem (CAS:MNG) 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.
Managem Cyclically Adjusted PB Ratio Related Terms
Managem Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Managem'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.
Managem Cyclically Adjusted PB Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Managem'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.
Managem Cyclically Adjusted PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Managem's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Managem's Cyclically Adjusted PB Ratio falls into.
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.
Managem's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 18.56 mean?
Managem (CAS:MNG) has a Cyclically Adjusted PB Ratio of 18.56 as of Jul. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Managem and its competitors. This is 53% below median its historical median of 39.31. Over the past decade, Managem's Cyclically Adjusted PB Ratio has ranged from 10.11 to 234.30. According to the industry distribution chart, Managem ranks #1487 out of 1538 companies in the Metals & Mining industry, placing it in the top 96.7%.
Is Managem's Cyclically Adjusted PB Ratio too high?
Managem's current Cyclically Adjusted PB Ratio of 18.56 is 53% below median its 10-year median of 39.31. Over the past 10 years, this metric has ranged from a low of 10.11 to a high of 234.30. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.42. Managem's value of 18.56 is 1211.7% above this industry median. Based on the distribution chart, Managem ranks #1487 out of 1538 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Managem has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Managem's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Managem ranks #1487 out of 1538 companies for Cyclically Adjusted PB Ratio. This places Managem in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Managem's value of 18.56 is 1211.7% above this benchmark. Historically, Managem's own Cyclically Adjusted PB Ratio has ranged from 10.11 to 234.30 over the past decade. While the company's 10-year median is 39.31 vs. the industry median of 1.42, Managem has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.42, based on 1,538 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Managem's current Cyclically Adjusted PB Ratio of 18.56 is 1211.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Managem and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Managem's current Cyclically Adjusted PB Ratio is 18.56, which is 53% below median its own 10-year median of 39.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Managem stock overvalued right now?
Based on GuruFocus' analysis, Managem (CAS:MNG) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD5,338.08, compared to a current price of MAD1,315.00 — trading 75.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 18.56, which is 53% below median its 10-year median of 39.31 and 1211.7% above the Metals & Mining industry median of 1.42. Managem's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Managem (CAS:MNG), the current Cyclically Adjusted PB Ratio is 18.56 as of Jul. 29, 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 Managem (CAS:MNG) Overvalued in 2026?
Based on GuruFocus' analysis, Managem stock appears to be undervalued.
The current stock price of MAD1,315.00 is trading 75.4% below its estimated GF Value™ of MAD5,338.08.
GuruFocus considers Managem to be Significantly Undervalued.
Key valuation signals for CAS:MNG:
Cyclically Adjusted PB Ratio: 18.56 (53% below median its 10-year median of 39.31)
GF Value™: MAD5,338.08 vs. price of MAD1,315.00 (75.4% below fair value)
Industry Position: 1211.7% above the Metals & Mining median (#1487 of 1538)
No single metric tells the full story. See the CAS:MNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Managem SA operates as an integrated mining group. The business operations include managing a portfolio of properties targeting precious metals such as gold and silver, and base metals which include copper, zinc, lead, cobalt and fluorite.
80GF Score
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