Ceres (CEEIF) Cyclically Adjusted PB Ratio: 2.66 (As of Jul. 15, 2026) — 13% Below Median

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CEEIF Ceres Inc CEEIF
86 GF Score
Price $23.13
GF Value $23.33
! 4 Warning Signs
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What is Ceres Cyclically Adjusted PB Ratio?

Ceres CEEIF 86 Cyclically Adjusted PB Ratio is 2.66 as of Jul. 15, 2026, which is 13% below its 10-year median of 3.06. GuruFocus rates CEEIF with a GF Score™ of 86/100 and a GF Value™ of $23.33. The stock has 4 warning signs investors should review. Among 478 Conglomerates companies, Ceres ranks worse than 80.13% on this metric.

As of today (2026-07-15), Ceres's current share price is $23.13. Ceres's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $8.71. Ceres's Cyclically Adjusted PB Ratio for today is 2.66.

The historical rank and industry rank for Ceres's Cyclically Adjusted PB Ratio or its related term are showing as below:

CEEIF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.99   Med: 3.06   Max: 5.89
Current: 2.95

During the past years, Ceres's highest Cyclically Adjusted PB Ratio was 5.89. The lowest was 1.99. And the median was 3.06.

CEEIF's Cyclically Adjusted PB Ratio is ranked worse than
80.13% of 478 companies
in the Conglomerates industry
Industry Median: 1.065 vs CEEIF: 2.95

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.

Ceres's adjusted book value per share data for the three months ended in Dec. 2025 was $7.392. 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 $8.71 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ceres  (OTCPK:CEEIF) 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.


Ceres Cyclically Adjusted PB Ratio Related Terms


Ceres Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ceres'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.

Ceres Cyclically Adjusted PB Ratio Chart

Ceres 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 0.00 0.00 0.00 4.89 2.66

Ceres Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.57 3.69 3.65 2.66 0.00

CEEIF vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Ceres'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.


Ceres Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ceres's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CEEIF
86GF Score
Ceres Inc CEEIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ceres 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.

Ceres's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.13/8.71
=2.66

* 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.

Ceres's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Ceres's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=7.392/113.0000*113.0000
=7.392

Current CPI (Dec. 2025) = 113.0000.

Ceres Quarterly Data

Book Value per Share CPI Adj_Book
201603 2.011 97.900 2.321
201606 2.208 98.100 2.543
201609 2.445 98.000 2.819
201612 3.591 98.400 4.124
201703 3.717 98.100 4.282
201706 3.763 98.500 4.317
201709 4.236 98.800 4.845
201712 4.544 99.400 5.166
201803 4.738 99.200 5.397
201806 4.936 99.200 5.623
201809 5.121 99.900 5.793
201812 4.865 99.700 5.514
201903 4.936 99.700 5.594
201906 5.291 99.800 5.991
201909 5.203 100.100 5.874
201912 5.059 100.500 5.688
202003 5.249 100.300 5.914
202006 5.441 99.900 6.154
202009 5.701 99.900 6.449
202012 5.708 99.300 6.496
202103 6.339 99.900 7.170
202106 6.744 99.500 7.659
202109 7.656 100.100 8.643
202112 7.236 100.100 8.169
202203 6.740 101.100 7.533
202206 5.645 101.800 6.266
202209 5.388 103.100 5.905
202212 5.780 104.100 6.274
202303 5.827 104.400 6.307
202306 5.665 105.200 6.085
202309 5.241 106.200 5.577
202312 5.590 106.800 5.915
202403 5.738 107.200 6.048
202406 5.327 108.200 5.563
202409 5.941 108.900 6.165
202412 6.297 110.700 6.428
202503 6.045 111.100 6.148
202506 7.225 111.700 7.309
202509 7.733 112.000 7.802
202512 7.392 113.000 7.392

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.

What does a Cyclically Adjusted PB Ratio of 2.66 mean?
Ceres (CEEIF) has a Cyclically Adjusted PB Ratio of 2.66 as of Jul. 15, 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 Ceres and its competitors. This is 13% below median its historical median of 3.06. Over the past decade, Ceres' Cyclically Adjusted PB Ratio has ranged from 1.99 to 5.89. According to the industry distribution chart, Ceres ranks #383 out of 478 companies in the Conglomerates industry, placing it in the top 80.1%.
Is Ceres' Cyclically Adjusted PB Ratio too high?
Ceres' current Cyclically Adjusted PB Ratio of 2.66 is 13% below median its 10-year median of 3.06. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 5.89. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.07. Ceres' value of 2.66 is 149.8% above this industry median. Based on the distribution chart, Ceres ranks #383 out of 478 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Ceres has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Ceres' Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Ceres ranks #383 out of 478 companies for Cyclically Adjusted PB Ratio. This places Ceres in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.07. Ceres' value of 2.66 is 149.8% above this benchmark. Historically, Ceres' own Cyclically Adjusted PB Ratio has ranged from 1.99 to 5.89 over the past decade. While the company's 10-year median is 3.06 vs. the industry median of 1.07, Ceres 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.07, based on 478 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. Ceres's current Cyclically Adjusted PB Ratio of 2.66 is 149.8% 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 Ceres and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ceres's current Cyclically Adjusted PB Ratio is 2.66, which is 13% below median its own 10-year median of 3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceres stock overvalued right now?
Ceres (CEEIF) has a current Cyclically Adjusted PB Ratio of 2.66. The stock's GF Value™ is $23.33, compared to a current price of $23.13 — trading 0.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.66, which is 13% below median its 10-year median of 3.06 and 149.8% above the Conglomerates industry median of 1.07. Ceres' overall GF Score™ is 86/100 with 4 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 Ceres (CEEIF), the current Cyclically Adjusted PB Ratio is 2.66 as of Jul. 15, 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 Ceres (CEEIF) Overvalued in 2026?

Based on GuruFocus' analysis, Ceres stock appears to be undervalued. The current stock price of $23.13 is trading 0.9% below its estimated GF Value™ of $23.33.

Key valuation signals for CEEIF:

  • Cyclically Adjusted PB Ratio: 2.66 (13% below median its 10-year median of 3.06)
  • GF Value™: $23.33 vs. price of $23.13 (0.9% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 149.8% above the Conglomerates median (#383 of 478)

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


Ceres Business Description

Other Exchanges 3696:Japan
Address 1-1 Sakuragaoka-cho, 21st Floor, Shibuya Sakura Stage SHIBUYA Tower, Shibuya-ku, Tokyo, JPN
Ceres Inc is engaged in the mobile service business and the financial service business. The mobile segment includes Points (Moppy, AD.TRACK, etc.), D2C (planning, manufacturing, and sales of cosmetics, health foods, etc.), and DX (DX support at Yumemi, etc.); the financial service business includes blockchain, online factoring, investment incubation business.
86GF Score

Get the complete analysis for CEEIF

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

$23.13
Price
$23.33
GF Value