Modern Plant Based Foods (FRA:L3O) Cyclically Adjusted PB Ratio: (As of Sep. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Modern Plant Based Foods Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Modern Plant Based Foods  (FRA:L3O) 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.


Modern Plant Based Foods Cyclically Adjusted PB Ratio Related Terms


Modern Plant Based Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Modern Plant Based Foods'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.

Modern Plant Based Foods Cyclically Adjusted PB Ratio Chart

Modern Plant Based Foods Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.50 0.68 0.00 0.00 0.00

Modern Plant Based Foods Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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:L3O vs KHC, GIS, MKC: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Modern Plant Based Foods'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.


Modern Plant Based Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Modern Plant Based Foods's Cyclically Adjusted PB Ratio falls into.



Modern Plant Based Foods 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.

Modern Plant Based Foods's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Modern Plant Based Foods's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=-0.19/134.0005*134.0005
=-0.190

Current CPI (May. 2026) = 134.0005.

Modern Plant Based Foods Quarterly Data

Book Value per Share CPI Adj_Book
201607 -15.148 101.844 -19.931
201610 -19.125 102.002 -25.125
201701 -7.451 102.318 -9.758
201704 -2.507 103.029 -3.261
201707 -2.916 103.029 -3.793
201710 -1.711 103.424 -2.217
201801 0.726 104.056 0.935
201804 0.107 105.320 0.136
201807 0.614 106.110 0.775
201810 0.512 105.952 0.648
201901 0.452 105.557 0.574
201904 0.407 107.453 0.508
201907 0.354 108.243 0.438
201910 0.401 107.927 0.498
202001 0.223 108.085 0.276
202004 0.138 107.216 0.172
202008 1.117 108.243 1.383
202011 0.871 108.796 1.073
202102 0.879 109.745 1.073
202105 0.996 111.404 1.198
202108 0.731 112.668 0.869
202111 0.610 113.932 0.717
202202 0.310 115.986 0.358
202205 2.265 120.016 2.529
202208 0.031 120.569 0.034
202211 -0.097 121.675 -0.107
202302 -0.082 122.070 -0.090
202305 -0.117 124.045 -0.126
202308 -0.156 125.389 -0.167
202311 -0.178 125.468 -0.190
202402 -0.194 125.468 -0.207
202405 -0.243 127.601 -0.255
202408 -0.266 127.838 -0.279
202411 -0.159 127.838 -0.167
202502 -0.166 128.786 -0.173
202505 -0.150 129.813 -0.155
202508 -0.177 130.208 -0.182
202511 -0.166 130.682 -0.170
202602 -0.177 131.077 -0.181
202605 -0.190 134.001 -0.190

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.


Modern Plant Based Foods Business Description

Other Exchanges MDRNF:USAMEAT:Canada
Address 700 West Georgia Street, Suite 2500, 25th Floor, Vancouver, BC, CAN, V7Y 1B3
Modern Plant Based Foods Inc is a Canadian food company engaged in developing and selling plant-based meat alternatives made from plants. It offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company's product lineup includes the modern burgers, modern crabcakes, modern meatballs, modern crumbles, and sauces. It offers its products through various retail locations in the British Columbia Lower Mainland, as well as on e-commerce platforms. The company's revenue consists of sales of plant-based and health food products to wholesale and retail customers. Geographically, it derives the maximum revenue from Canada.