CRTO (Criteo) Cyclically Adjusted PB Ratio: 1.11 (As of Jul. 26, 2026) — 46% Below Median

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CRTO Criteo SA CRTO
70 GF Score
Price $20.39
GF Value $27.72
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Criteo Cyclically Adjusted PB Ratio?

Criteo CRTO -1.73% 70 Cyclically Adjusted PB Ratio is 1.11 as of Jul. 26, 2026, which is 46% below its 10-year median of 2.07. GuruFocus rates CRTO with a GF Score™ of 70/100 and a GF Value™ of $27.72 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 711 Media - Diversified companies, Criteo ranks worse than 53.87% on this metric.

As of today (2026-07-26), Criteo's current share price is $20.39. Criteo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $18.44. Criteo's Cyclically Adjusted PB Ratio for today is 1.11.

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

CRTO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 2.07   Max: 3.43
Current: 1.11

During the past years, Criteo's highest Cyclically Adjusted PB Ratio was 3.43. The lowest was 0.87. And the median was 2.07.

CRTO's Cyclically Adjusted PB Ratio is ranked worse than
53.87% of 711 companies
in the Media - Diversified industry
Industry Median: 0.97 vs CRTO: 1.11

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.

Criteo's adjusted book value per share data for the three months ended in Mar. 2026 was $22.612. 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 $18.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Criteo  (NAS:CRTO) 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.


Criteo Cyclically Adjusted PB Ratio Related Terms


Criteo Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Criteo'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.

Criteo Cyclically Adjusted PB Ratio Chart

Criteo 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 3.43 1.93 1.67 2.40 1.15

Criteo 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 2.10 1.38 1.29 1.15 0.97

CRTO vs QNST, EEX, EVC: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, Criteo'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.


Criteo Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


CRTO
70GF Score
Criteo SA CRTO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Criteo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.39/18.44
=1.11

* 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.

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

For example, Criteo'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)
=22.612/122.4200*122.4200
=22.612

Current CPI (Mar. 2026) = 122.4200.

Criteo Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.549 100.630 10.400
201609 9.003 100.340 10.984
201612 9.380 100.650 11.409
201703 10.195 101.170 12.336
201706 11.160 101.320 13.484
201709 12.155 101.330 14.685
201712 13.339 101.850 16.033
201803 14.267 102.750 16.998
201806 14.148 103.370 16.755
201809 14.570 103.560 17.223
201812 14.688 103.470 17.378
201903 14.976 103.890 17.647
201906 15.314 104.580 17.926
201909 15.272 104.500 17.891
201912 16.170 104.980 18.856
202003 16.135 104.590 18.886
202006 16.542 104.790 19.325
202009 17.120 104.550 20.046
202012 18.423 104.960 21.488
202103 18.252 105.750 21.129
202106 18.536 106.340 21.339
202109 18.370 106.810 21.055
202112 19.170 107.850 21.760
202203 19.289 110.490 21.372
202206 17.827 112.550 19.390
202209 17.476 112.740 18.977
202212 18.302 114.160 19.626
202303 18.173 116.790 19.049
202306 18.100 117.650 18.834
202309 17.869 118.260 18.498
202312 19.360 118.390 20.019
202403 19.087 119.470 19.558
202406 19.098 120.200 19.451
202409 19.193 119.560 19.652
202412 19.330 119.950 19.728
202503 19.873 120.380 20.210
202506 20.811 121.360 20.993
202509 21.524 120.950 21.786
202512 22.467 120.900 22.749
202603 22.612 122.420 22.612

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 1.11 mean?
Criteo (CRTO) has a Cyclically Adjusted PB Ratio of 1.11 as of Jul. 26, 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 Criteo and its competitors. This is 46% below median its historical median of 2.07. Over the past decade, Criteo's Cyclically Adjusted PB Ratio has ranged from 0.87 to 3.43. According to the industry distribution chart, Criteo ranks #383 out of 711 companies in the Media - Diversified industry, placing it in the top 53.9%.
Is Criteo's Cyclically Adjusted PB Ratio too high?
Criteo's current Cyclically Adjusted PB Ratio of 1.11 is 46% below median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 3.43. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.97. Criteo's value of 1.11 is 14.4% above this industry median. Based on the distribution chart, Criteo ranks #383 out of 711 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Criteo has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Criteo's Cyclically Adjusted PB Ratio compare to QNST and EEX?
According to the Media - Diversified industry distribution chart, Criteo ranks #383 out of 711 companies for Cyclically Adjusted PB Ratio. This places Criteo in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Criteo's value of 1.11 is 14.4% above this benchmark. Historically, Criteo's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 3.43 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 0.97, Criteo 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.97, based on 711 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. Criteo's current Cyclically Adjusted PB Ratio of 1.11 is 14.4% 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 Criteo and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Criteo's current Cyclically Adjusted PB Ratio is 1.11, which is 46% below median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Criteo stock overvalued right now?
Based on GuruFocus' analysis, Criteo (CRTO) is currently considered Modestly Undervalued. The stock's GF Value™ is $27.72, compared to a current price of $20.39 — trading 26.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.11, which is 46% below median its 10-year median of 2.07 and 14.4% above the Media - Diversified industry median of 0.97. Criteo's overall GF Score™ is 70/100 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 Criteo (CRTO), the current Cyclically Adjusted PB Ratio is 1.11 as of Jul. 26, 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 Criteo (CRTO) Overvalued in 2026?

Based on GuruFocus' analysis, Criteo stock appears to be undervalued. The current stock price of $20.39 is trading 26.4% below its estimated GF Value™ of $27.72. GuruFocus considers Criteo to be Modestly Undervalued.

Key valuation signals for CRTO:

  • Cyclically Adjusted PB Ratio: 1.11 (46% below median its 10-year median of 2.07)
  • GF Value™: $27.72 vs. price of $20.39 (26.4% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 14.4% above the Media - Diversified median (#383 of 711)

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


Criteo Business Description

Other Exchanges CRTO N:Mexico0I4T:UK
Address 32 Rue Blanche, Paris, FRA, 75009
Criteo SA is an ad-tech company in the digital advertising market. Its technology allows retailer advertisers to launch multichannel and cross-device marketing campaigns in real time. With real-time return on investment analysis of the ads, the firm's clients can adjust their marketing strategies dynamically. It has two reportable segments: Retail Media and Performance Media. Retail Media: This segment encompasses revenue generated from brands, agencies, and retailers for the purchase and sale of retail media digital advertising inventory and audiences, and services. Performance Media: This segment encompasses targeting capabilities and supply and AdTech services. The majority of its revenues is generated from the performance media segment.
70GF Score

Get the complete analysis for CRTO

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

$20.39
Price
$27.72
GF Value