Planet Fitness (FRA:3PL) Cyclically Adjusted PB Ratio: (As of Jul. 14, 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.

FRA:3PL Planet Fitness Inc FRA:3PL
79 GF Score
Price €44.15
GF Value €91.58
Valuation Possible Value Trap
! 1 Warning Sign
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What is Planet Fitness Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Planet Fitness  (FRA:3PL) 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.


Planet Fitness Cyclically Adjusted PB Ratio Related Terms


Planet Fitness Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Planet Fitness'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.

Planet Fitness Cyclically Adjusted PB Ratio Chart

Planet Fitness 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 0.00 0.00

Planet Fitness 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 0.00 0.00 0.00 0.00 0.00

FRA:3PL vs MAT, YETI, CALY: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Planet Fitness'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.


Planet Fitness Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


FRA:3PL
79GF Score
Planet Fitness Inc FRA:3PL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Planet Fitness 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.

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

For example, Planet Fitness'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)
=-5.272/330.2130*330.2130
=-5.272

Current CPI (Mar. 2026) = 330.2130.

Planet Fitness Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.015 241.018 -0.021
201609 0.169 241.428 0.231
201612 -2.022 241.432 -2.766
201703 -1.722 243.801 -2.332
201706 -1.388 244.955 -1.871
201709 -1.144 246.819 -1.531
201712 -1.158 246.524 -1.551
201803 -0.997 249.554 -1.319
201806 -0.779 251.989 -1.021
201809 -0.987 252.439 -1.291
201812 -3.939 251.233 -5.177
201903 -3.625 254.202 -4.709
201906 -3.257 256.143 -4.199
201909 -4.870 256.759 -6.263
201912 -8.097 256.974 -10.405
202003 -7.833 258.115 -10.021
202006 -7.974 257.797 -10.214
202009 -7.592 260.280 -9.632
202012 -7.006 260.474 -8.882
202103 -7.044 264.877 -8.782
202106 -6.792 271.696 -8.255
202109 -6.737 274.310 -8.110
202112 -6.815 278.802 -8.072
202203 -2.275 287.504 -2.613
202206 -2.082 296.311 -2.320
202209 -2.466 296.808 -2.744
202212 -2.252 296.797 -2.506
202303 -1.656 301.836 -1.812
202306 -2.220 305.109 -2.403
202309 -1.723 307.789 -1.849
202312 -1.222 306.746 -1.315
202403 -1.022 312.332 -1.081
202406 -3.493 314.175 -3.671
202409 -2.851 315.301 -2.986
202412 -2.439 315.605 -2.552
202503 -2.426 319.799 -2.505
202506 -1.640 322.561 -1.679
202509 -2.000 324.800 -2.033
202512 -5.125 324.054 -5.222
202603 -5.272 330.213 -5.272

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 Planet Fitness (FRA:3PL) Overvalued in 2026?

Based on GuruFocus' analysis, Planet Fitness stock appears to be undervalued. The current stock price of €44.15 is trading 51.8% below its estimated GF Value™ of €91.58. GuruFocus considers Planet Fitness to be Possible Value Trap.

Key valuation signals for FRA:3PL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €91.58 vs. price of €44.15 (51.8% below fair value)
  • GF Score™: 79/100 with 1 warning sign

No single metric tells the full story. See the FRA:3PL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Planet Fitness Business Description

Address 4 Liberty Lane West, Hampton, NH, USA, 03842
Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.
79GF Score

Get the complete analysis for FRA:3PL

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

€44.15
Price
€91.58
GF Value