Liberty Media (FRA:LM0F) Cyclically Adjusted PB Ratio: 2.96 (As of Jul. 23, 2026) — 47% Above Median

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FRA:LM0F Liberty Media Corp FRA:LM0F
81 GF Score
Price €83.50
GF Value €88.33
! 5 Warning Signs
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What is Liberty Media Cyclically Adjusted PB Ratio?

Liberty Media FRA:LM0F 81 Cyclically Adjusted PB Ratio is 2.96 as of Jul. 23, 2026, which is 47% above its 10-year median of 2.01. GuruFocus rates FRA:LM0F with a GF Score™ of 81/100 and a GF Value™ of €88.33. The stock has 5 warning signs investors should review. Among 714 Media - Diversified companies, Liberty Media ranks worse than 82.07% on this metric.

As of today (2026-07-23), Liberty Media's current share price is €83.50. Liberty Media's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €28.23. Liberty Media's Cyclically Adjusted PB Ratio for today is 2.96.

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

FRA:LM0F' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.01   Max: 3.31
Current: 2.9

During the past years, Liberty Media's highest Cyclically Adjusted PB Ratio was 3.31. The lowest was 1.24. And the median was 2.01.

FRA:LM0F's Cyclically Adjusted PB Ratio is ranked worse than
82.07% of 714 companies
in the Media - Diversified industry
Industry Median: 0.985 vs FRA:LM0F: 2.90

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.

Liberty Media's adjusted book value per share data for the three months ended in Mar. 2026 was €26.685. 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 €28.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liberty Media  (FRA:LM0F) 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.


Liberty Media Cyclically Adjusted PB Ratio Related Terms


Liberty Media Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Liberty 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.

Liberty Media Cyclically Adjusted PB Ratio Chart

Liberty 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 1.59 1.39 1.90 2.94 2.98

Liberty Media 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 2.82 3.26 3.25 2.98 2.54

FRA:LM0F vs FOXA, ROKU, TKO: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Liberty 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.


Liberty Media Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


FRA:LM0F
81GF Score
Liberty Media Corp FRA:LM0F
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liberty 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=83.50/28.23
=2.96

* 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.

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

For example, Liberty Media'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)
=26.685/330.2130*330.2130
=26.685

Current CPI (Mar. 2026) = 330.2130.

Liberty Media Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.969 241.018 17.769
201609 13.340 241.428 18.246
201612 14.549 241.432 19.899
201703 20.851 243.801 28.241
201706 20.333 244.955 27.410
201709 19.028 246.819 25.457
201712 20.753 246.524 27.798
201803 19.863 249.554 26.283
201806 20.938 251.989 27.438
201809 21.087 252.439 27.584
201812 21.117 251.233 27.756
201903 20.648 254.202 26.822
201906 20.458 256.143 26.374
201909 21.034 256.759 27.051
201912 20.355 256.974 26.156
202003 19.508 258.115 24.957
202006 25.342 257.797 32.461
202009 23.813 260.280 30.211
202012 23.225 260.474 29.443
202103 23.556 264.877 29.366
202106 23.499 271.696 28.560
202109 23.837 274.310 28.695
202112 24.165 278.802 28.621
202203 24.575 287.504 28.226
202206 26.046 296.311 29.026
202209 28.269 296.808 31.451
202212 27.892 296.797 31.032
202303 27.155 301.836 29.708
202306 27.274 305.109 29.518
202309 25.419 307.789 27.271
202312 25.089 306.746 27.008
202403 25.417 312.332 26.872
202406 25.795 314.175 27.112
202409 27.691 315.301 29.001
202412 26.919 315.605 28.165
202503 27.493 319.799 28.388
202506 27.226 322.561 27.872
202509 27.026 324.800 27.476
202512 26.448 324.054 26.951
202603 26.685 330.213 26.685

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 2.96 mean?
Liberty Media (FRA:LM0F) has a Cyclically Adjusted PB Ratio of 2.96 as of Jul. 23, 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 Liberty Media and its competitors. This is 47% above median its historical median of 2.01. Over the past decade, Liberty Media's Cyclically Adjusted PB Ratio has ranged from 1.24 to 3.31. According to the industry distribution chart, Liberty Media ranks #586 out of 714 companies in the Media - Diversified industry, placing it in the top 82.1%.
Is Liberty Media's Cyclically Adjusted PB Ratio too high?
Liberty Media's current Cyclically Adjusted PB Ratio of 2.96 is 47% above median its 10-year median of 2.01. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 3.31. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. Liberty Media's value of 2.96 is 200.5% above this industry median. Based on the distribution chart, Liberty Media ranks #586 out of 714 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Liberty Media has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Liberty Media's Cyclically Adjusted PB Ratio compare to FOXA and ROKU?
According to the Media - Diversified industry distribution chart, Liberty Media ranks #586 out of 714 companies for Cyclically Adjusted PB Ratio. This places Liberty Media in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. Liberty Media's value of 2.96 is 200.5% above this benchmark. Historically, Liberty Media's own Cyclically Adjusted PB Ratio has ranged from 1.24 to 3.31 over the past decade. While the company's 10-year median is 2.01 vs. the industry median of 0.99, Liberty Media 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 0.99, based on 714 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. Liberty Media's current Cyclically Adjusted PB Ratio of 2.96 is 200.5% 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 Liberty Media and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty Media's current Cyclically Adjusted PB Ratio is 2.96, which is 47% above median its own 10-year median of 2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Media stock overvalued right now?
Liberty Media (FRA:LM0F) has a current Cyclically Adjusted PB Ratio of 2.96. The stock's GF Value™ is €88.33, compared to a current price of €83.50 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.96, which is 47% above median its 10-year median of 2.01 and 200.5% above the Media - Diversified industry median of 0.99. Liberty Media's overall GF Score™ is 81/100 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 Liberty Media (FRA:LM0F), the current Cyclically Adjusted PB Ratio is 2.96 as of Jul. 23, 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 Liberty Media (FRA:LM0F) Overvalued in 2026?

Based on GuruFocus' analysis, Liberty Media stock appears to be undervalued. The current stock price of €83.50 is trading 5.5% below its estimated GF Value™ of €88.33.

Key valuation signals for FRA:LM0F:

  • Cyclically Adjusted PB Ratio: 2.96 (47% above median its 10-year median of 2.01)
  • GF Value™: €88.33 vs. price of €83.50 (5.5% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 200.5% above the Media - Diversified median (#586 of 714)

No single metric tells the full story. See the FRA:LM0F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Liberty Media Business Description

Address 12300 Liberty Boulevard, Englewood, CO, USA, 80112
Liberty Media Corp along with its subsidiaries is engaged in the media and entertainment industries in North America and the United Kingdom. The company owns interests in a high-quality portfolio of assets across the media, entertainment and sports industries. It operates in two reportable segment Formula 1 and MotoGP. It generates majority of its revenue from the Formula 1 segment. The company derives its maximum revenue from United Kingdom.
81GF Score

Get the complete analysis for FRA:LM0F

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

€83.50
Price
€88.33
GF Value