IMC (FRA:IM4) Cyclically Adjusted PB Ratio: 1.62 (As of Sep. 13, 2026) — 20% Above Median

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FRA:IM4 IMC SA FRA:IM4
74 GF Score
Price €6.74
GF Value €5.35
Valuation Modestly Overvalued
! 5 Warning Signs
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What is IMC Cyclically Adjusted PB Ratio?

IMC FRA:IM4 -5.07% 74 Cyclically Adjusted PB Ratio is 1.62 as of Sep. 13, 2026, which is 20% above its 10-year median of 1.35. GuruFocus rates FRA:IM4 with a GF Score™ of 74/100 and a GF Value™ of €5.35 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, IMC ranks worse than 59.7% on this metric.

As of today (2026-09-13), IMC's current share price is €6.74. IMC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €4.17. IMC's Cyclically Adjusted PB Ratio for today is 1.62.

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

FRA:IM4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.35   Max: 2.68
Current: 1.65

During the past years, IMC's highest Cyclically Adjusted PB Ratio was 2.68. The lowest was 0.55. And the median was 1.35.

FRA:IM4's Cyclically Adjusted PB Ratio is ranked worse than
59.7% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs FRA:IM4: 1.65

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.

IMC's adjusted book value per share data for the three months ended in Jun. 2026 was €5.189. 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 €4.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IMC  (FRA:IM4) 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.


IMC Cyclically Adjusted PB Ratio Related Terms


IMC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IMC'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.

IMC Cyclically Adjusted PB Ratio Chart

IMC 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 2.42 1.08 0.63 1.06 1.47

IMC 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 1.83 1.36 1.47 1.87 1.92

FRA:IM4 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, IMC'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.


IMC Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, IMC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:IM4
74GF Score
IMC SA FRA:IM4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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IMC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.74/4.17
=1.62

* 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.

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

For example, IMC'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)
=5.189/128.6000*128.6000
=5.189

Current CPI (Jun. 2026) = 128.6000.

IMC Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.011 100.750 2.567
201612 1.987 101.040 2.529
201703 1.814 101.780 2.292
201706 2.870 102.170 3.612
201709 2.509 102.520 3.147
201712 2.637 102.410 3.311
201803 2.527 102.900 3.158
201806 3.561 103.650 4.418
201809 3.126 104.580 3.844
201812 3.186 104.320 3.928
201903 3.031 105.140 3.707
201906 4.181 105.550 5.094
201909 3.909 105.900 4.747
201912 3.604 106.080 4.369
202003 2.682 106.040 3.253
202006 3.837 106.340 4.640
202009 3.457 106.620 4.170
202012 3.425 106.670 4.129
202103 3.584 108.140 4.262
202106 4.934 108.680 5.838
202109 5.303 109.470 6.230
202112 5.109 111.090 5.914
202203 4.614 114.780 5.170
202206 5.424 116.750 5.975
202209 4.643 117.000 5.103
202212 4.013 117.060 4.409
202303 3.866 118.910 4.181
202306 4.098 120.460 4.375
202309 3.937 121.740 4.159
202312 3.680 121.170 3.906
202403 3.489 122.590 3.660
202406 4.056 123.120 4.237
202409 4.521 123.300 4.715
202412 4.908 122.430 5.155
202503 4.850 124.210 5.021
202506 5.144 125.820 5.258
202509 5.484 126.570 5.572
202512 5.037 126.180 5.134
202603 4.837 127.160 4.892
202606 5.189 128.600 5.189

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 1.62 mean?
IMC (FRA:IM4) has a Cyclically Adjusted PB Ratio of 1.62 as of Sep. 13, 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 IMC and its competitors. This is 20% above median its historical median of 1.35. Over the past decade, IMC's Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.68. According to the industry distribution chart, IMC ranks #757 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 59.7%.
Is IMC's Cyclically Adjusted PB Ratio too high?
IMC's current Cyclically Adjusted PB Ratio of 1.62 is 20% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.68. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. IMC's value of 1.62 is 30.1% above this industry median. Based on the distribution chart, IMC ranks #757 out of 1268 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, IMC has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IMC's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, IMC ranks #757 out of 1268 companies for Cyclically Adjusted PB Ratio. This places IMC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. IMC's value of 1.62 is 30.1% above this benchmark. Historically, IMC's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.68 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 1.25, IMC 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,268 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. IMC's current Cyclically Adjusted PB Ratio of 1.62 is 30.1% 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 IMC and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMC's current Cyclically Adjusted PB Ratio is 1.62, which is 20% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMC stock overvalued right now?
Based on GuruFocus' analysis, IMC (FRA:IM4) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.35, compared to a current price of €6.74 — trading 26% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.62, which is 20% above median its 10-year median of 1.35 and 30.1% above the Consumer Packaged Goods industry median of 1.25. IMC's overall GF Score™ is 74/100 with 5 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 IMC (FRA:IM4), the current Cyclically Adjusted PB Ratio is 1.62 as of Sep. 13, 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 IMC (FRA:IM4) Overvalued in 2026?

Based on GuruFocus' analysis, IMC stock appears to be overvalued. The current stock price of €6.74 is trading 26% above its estimated GF Value™ of €5.35. GuruFocus considers IMC to be Modestly Overvalued.

Key valuation signals for FRA:IM4:

  • Cyclically Adjusted PB Ratio: 1.62 (20% above median its 10-year median of 1.35)
  • GF Value™: €5.35 vs. price of €6.74 (26% above fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 30.1% above the Consumer Packaged Goods median (#757 of 1268)

No single metric tells the full story. See the FRA:IM4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IMC Business Description

Other Exchanges IMC:PolandIM4:Germany
Address 122, route d\'Arlon, Grand Duchy Luxembourg, LUX, L-1150
IMC SA is an integrated agricultural company operating in Ukraine. The company's activities are the cultivation of grain & oilseeds crops, and storage of grain & oilseeds crops. The Group operates in segments: crop farming, elevators, and warehouses. The crop farming segment deals with the cultivation and sale of such basic agricultural crops as corn, sunflowers, and wheat. The Elevators and warehouses segment deals with the storage and processing of agricultural produce. The company generates the majority of its revenue from the Crop farming segment.
74GF Score

Get the complete analysis for FRA:IM4

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

€6.74
Price
€5.35
GF Value