CMLSQ (Cumulus Media) Cyclically Adjusted PB Ratio: 0.00 (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is Cumulus Media Cyclically Adjusted PB Ratio?

Cumulus Media CMLSQ -6.38% Cyclically Adjusted PB Ratio is 0.00 as of Aug. 20, 2026. The stock has 2 warning signs investors should review. Among 683 Media - Diversified companies, Cumulus Media ranks worse than 146412.74% on this metric.

As of today (2026-08-20), Cumulus Media's current share price is $0.0044. Cumulus Media's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $11.53. Cumulus Media's Cyclically Adjusted PB Ratio for today is 0.00.

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

During the past years, Cumulus Media's highest Cyclically Adjusted PB Ratio was 9.29. The lowest was 0.01. And the median was 0.54.

CMLSQ's Cyclically Adjusted PB Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 1
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Cumulus Media's adjusted book value per share data for the three months ended in Jun. 2026 was $-12.290. 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 $11.53 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cumulus Media  (OTCPK:CMLSQ) 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.


Cumulus Media Cyclically Adjusted PB Ratio Related Terms


Cumulus Media Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cumulus Media'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.

Cumulus Media Cyclically Adjusted PB Ratio Chart

Cumulus Media 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 1.03 0.50 0.38 0.05 0.01

Cumulus Media 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 0.01 0.01 0.01 0.00 0.00

CMLSQ vs MDEX, NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, Cumulus Media'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.


Cumulus Media Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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



Cumulus Media 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.

Cumulus Media's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0044/11.53
=0.00

* 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.

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

For example, Cumulus Media'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)
=-12.29/333.9520*333.9520
=-12.290

Current CPI (Jun. 2026) = 333.9520.

Cumulus Media Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.721 241.428 2.381
201612 -16.779 241.432 -23.209
201703 -16.994 243.801 -23.278
201706 -16.782 244.955 -22.879
201709 -16.727 246.819 -22.632
201712 -23.753 246.524 -32.177
201803 -23.918 249.554 -32.007
201806 20.278 251.989 26.874
201809 20.918 252.439 27.672
201812 23.546 251.233 31.299
201903 23.308 254.202 30.620
201906 25.509 256.143 33.258
201909 25.789 256.759 33.542
201912 25.853 256.974 33.597
202003 25.082 258.115 32.451
202006 20.278 257.797 26.268
202009 19.515 260.280 25.039
202012 19.511 260.474 25.015
202103 18.410 264.877 23.211
202106 18.143 271.696 22.300
202109 19.533 274.310 23.780
202112 20.440 278.802 24.483
202203 20.231 287.504 23.499
202206 21.225 296.311 23.921
202209 22.009 296.808 24.763
202212 22.394 296.797 25.197
202303 21.201 301.836 23.457
202306 23.034 305.109 25.211
202309 23.229 307.789 25.204
202312 17.316 306.746 18.852
202403 16.133 312.332 17.250
202406 14.528 314.175 15.443
202409 13.940 315.301 14.765
202412 0.408 315.605 0.432
202503 -1.424 319.799 -1.487
202506 -2.127 322.561 -2.202
202509 -3.264 324.800 -3.356
202512 -10.982 324.054 -11.317
202603 -11.765 330.213 -11.898
202606 -12.290 333.952 -12.290

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 0.00 mean?
Cumulus Media (CMLSQ) has a Cyclically Adjusted PB Ratio of 0.00 as of Aug. 20, 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 Cumulus Media and its competitors. Over the past decade, Cumulus Media's Cyclically Adjusted PB Ratio has ranged from 0.01 to 9.29. According to the industry distribution chart, Cumulus Media ranks #999999 out of 683 companies in the Media - Diversified industry.
Is Cumulus Media's Cyclically Adjusted PB Ratio too high?
Cumulus Media's current Cyclically Adjusted PB Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 9.29. Based on the distribution chart, Cumulus Media ranks #999999 out of 683 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers.
How does Cumulus Media's Cyclically Adjusted PB Ratio compare to MDEX and NXST?
According to the Media - Diversified industry distribution chart, Cumulus Media ranks #999999 out of 683 companies for Cyclically Adjusted PB Ratio. This places Cumulus Media in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Historically, Cumulus Media's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 9.29 over the past decade. 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.00, based on 683 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. 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 Cumulus Media and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cumulus Media's current Cyclically Adjusted PB Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cumulus Media stock overvalued right now?
Based on GuruFocus' analysis, Cumulus Media (CMLSQ) is currently considered Possible Value Trap. The stock's GF Value™ is $0.59, compared to a current price of $0.00 — trading 99.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.00. 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 Cumulus Media (CMLSQ), the current Cyclically Adjusted PB Ratio is 0.00 as of Aug. 20, 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.

Cumulus Media Business Description

Address 780 Johnson Ferry Road North East, Suite 500, Atlanta, GA, USA, 30342
Cumulus Media Inc is an audio-first media company delivering content to over a quarter billion people monthly whenever required. It is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with the Westwood One network and numerous digital channels. The company's revenue is derived from Broadcast radio revenue, Digital revenue, and Other revenue.