Maple Leaf Foods (FRA:M1L) Cyclically Adjusted PB Ratio: 1.72 (As of Aug. 03, 2026) — Near Median

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:M1L Maple Leaf Foods Inc FRA:M1L
71 GF Score
Price €18.00
GF Value €12.81
! 5 Warning Signs
View Full Analysis

What is Maple Leaf Foods Cyclically Adjusted PB Ratio?

Maple Leaf Foods FRA:M1L -1.10% 71 Cyclically Adjusted PB Ratio is 1.72 as of Aug. 03, 2026, which is 1% above its 10-year median of 1.70. GuruFocus rates FRA:M1L with a GF Score™ of 71/100 and a GF Value™ of €12.81. The stock has 5 warning signs investors should review. Among 1,425 Consumer Packaged Goods companies, Maple Leaf Foods ranks worse than 60.49% on this metric.

As of today (2026-08-03), Maple Leaf Foods's current share price is €18.00. Maple Leaf Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €10.48. Maple Leaf Foods's Cyclically Adjusted PB Ratio for today is 1.72.

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

FRA:M1L' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.7   Max: 2.89
Current: 1.66

During the past years, Maple Leaf Foods's highest Cyclically Adjusted PB Ratio was 2.89. The lowest was 1.02. And the median was 1.70.

FRA:M1L's Cyclically Adjusted PB Ratio is ranked worse than
60.49% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs FRA:M1L: 1.66

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.

Maple Leaf Foods's adjusted book value per share data for the three months ended in Mar. 2026 was €6.813. 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 €10.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maple Leaf Foods  (FRA:M1L) 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.


Maple Leaf Foods Cyclically Adjusted PB Ratio Related Terms


Maple Leaf Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maple Leaf 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.

Maple Leaf Foods Cyclically Adjusted PB Ratio Chart

Maple Leaf Foods 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 1.72 1.29 1.27 1.04 1.44

Maple Leaf Foods 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 1.28 1.45 1.86 1.44 1.74

FRA:M1L vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Maple Leaf 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.


Maple Leaf Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


FRA:M1L
71GF Score
Maple Leaf Foods Inc FRA:M1L
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maple Leaf 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.

Maple Leaf Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.00/10.48
=1.72

* 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.

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

For example, Maple Leaf Foods'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)
=6.813/132.2623*132.2623
=6.813

Current CPI (Mar. 2026) = 132.2623.

Maple Leaf Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.734 102.002 13.918
201609 10.772 101.765 14.000
201612 11.235 101.449 14.648
201703 11.101 102.634 14.306
201706 10.627 103.029 13.642
201709 10.926 103.345 13.983
201712 10.734 103.345 13.738
201803 10.279 105.004 12.947
201806 10.615 105.557 13.301
201809 10.605 105.636 13.278
201812 10.635 105.399 13.346
201903 10.727 106.979 13.262
201906 10.411 107.690 12.787
201909 10.705 107.611 13.157
201912 10.840 107.769 13.304
202003 10.028 107.927 12.289
202006 9.971 108.401 12.166
202009 10.040 108.164 12.277
202012 10.068 108.559 12.266
202103 11.059 110.298 13.261
202106 11.093 111.720 13.133
202109 11.194 112.905 13.113
202112 11.379 113.774 13.228
202203 12.109 117.646 13.613
202206 12.030 120.806 13.171
202209 10.665 120.648 11.692
202212 9.499 120.964 10.386
202303 8.936 122.702 9.632
202306 8.850 124.203 9.424
202309 8.759 125.230 9.251
202312 8.450 125.072 8.936
202403 8.599 126.258 9.008
202406 8.671 127.522 8.993
202409 8.141 127.285 8.459
202412 8.338 127.364 8.659
202503 8.186 129.181 8.381
202506 8.130 129.892 8.278
202509 8.071 130.287 8.193
202512 6.574 130.366 6.670
202603 6.813 132.262 6.813

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 1.72 mean?
Maple Leaf Foods (FRA:M1L) has a Cyclically Adjusted PB Ratio of 1.72 as of Aug. 03, 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 Maple Leaf Foods and its competitors. This is near median its historical median of 1.70. Over the past decade, Maple Leaf Foods' Cyclically Adjusted PB Ratio has ranged from 1.02 to 2.89. According to the industry distribution chart, Maple Leaf Foods ranks #862 out of 1425 companies in the Consumer Packaged Goods industry, placing it in the top 60.5%.
Is Maple Leaf Foods' Cyclically Adjusted PB Ratio too high?
Maple Leaf Foods' current Cyclically Adjusted PB Ratio of 1.72 is near median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 2.89. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Maple Leaf Foods' value of 1.72 is 38.7% above this industry median. Based on the distribution chart, Maple Leaf Foods ranks #862 out of 1425 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Maple Leaf Foods has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Maple Leaf Foods' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Maple Leaf Foods ranks #862 out of 1425 companies for Cyclically Adjusted PB Ratio. This places Maple Leaf Foods in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Maple Leaf Foods' value of 1.72 is 38.7% above this benchmark. Historically, Maple Leaf Foods' own Cyclically Adjusted PB Ratio has ranged from 1.02 to 2.89 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.24, Maple Leaf Foods 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 1.24, based on 1,425 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. Maple Leaf Foods's current Cyclically Adjusted PB Ratio of 1.72 is 38.7% 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 Maple Leaf Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maple Leaf Foods's current Cyclically Adjusted PB Ratio is 1.72, which is near median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maple Leaf Foods stock overvalued right now?
Maple Leaf Foods (FRA:M1L) has a current Cyclically Adjusted PB Ratio of 1.72. The stock's GF Value™ is €12.81, compared to a current price of €18.00 — trading 40.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.72, which is near median its 10-year median of 1.70 and 38.7% above the Consumer Packaged Goods industry median of 1.24. Maple Leaf Foods' overall GF Score™ is 71/100 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 Maple Leaf Foods (FRA:M1L), the current Cyclically Adjusted PB Ratio is 1.72 as of Aug. 03, 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 Maple Leaf Foods (FRA:M1L) Overvalued in 2026?

Based on GuruFocus' analysis, Maple Leaf Foods stock appears to be overvalued. The current stock price of €18.00 is trading 40.5% above its estimated GF Value™ of €12.81.

Key valuation signals for FRA:M1L:

  • Cyclically Adjusted PB Ratio: 1.72 (near median its 10-year median of 1.70)
  • GF Value™: €12.81 vs. price of €18.00 (40.5% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 38.7% above the Consumer Packaged Goods median (#862 of 1425)

No single metric tells the full story. See the FRA:M1L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maple Leaf Foods Business Description

Address 6897 Financial Drive, Mississauga, ON, CAN, L5N 0A8
Maple Leaf Foods Inc is a protein-focused consumer packaged goods company that responsibly produces food products under brands including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, value-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, and Others.
71GF Score

Get the complete analysis for FRA:M1L

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

€18.00
Price
€12.81
GF Value