Mesa Laboratories (FRA:MLI) Cyclically Adjusted PB Ratio: (As of Aug. 11, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:MLI Mesa Laboratories Inc FRA:MLI
75 GF Score
Price €87.50
GF Value €100.30
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Mesa Laboratories Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mesa Laboratories  (FRA:MLI) 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.


Mesa Laboratories Cyclically Adjusted PB Ratio Related Terms


Mesa Laboratories Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mesa Laboratories'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.

Mesa Laboratories Cyclically Adjusted PB Ratio Chart

Mesa Laboratories Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.39 3.70 2.08 2.18 1.57

Mesa Laboratories 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 1.72 1.21 1.42 1.57 0.00

FRA:MLI vs AERG, USBC, WRAP: Cyclically Adjusted PB Ratio Comparison

For the Scientific & Technical Instruments subindustry, Mesa Laboratories'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.


Mesa Laboratories Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Mesa Laboratories's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:MLI
75GF Score
Mesa Laboratories Inc FRA:MLI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mesa Laboratories 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.

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

For example, Mesa Laboratories'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)
=28.46/333.9520*333.9520
=28.460

Current CPI (Jun. 2026) = 333.9520.

Mesa Laboratories Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.862 241.428 30.240
201612 24.027 241.432 33.234
201703 24.534 243.801 33.606
201706 23.918 244.955 32.608
201709 23.358 246.819 31.604
201712 21.102 246.524 28.586
201803 21.200 249.554 28.370
201806 23.458 251.989 31.088
201809 23.778 252.439 31.456
201812 24.507 251.233 32.576
201903 25.324 254.202 33.269
201906 26.863 256.143 35.023
201909 47.669 256.759 62.000
201912 48.227 256.974 62.674
202003 45.387 258.115 58.722
202006 66.515 257.797 86.164
202009 65.108 260.280 83.537
202012 66.131 260.474 84.786
202103 66.374 264.877 83.683
202106 63.699 271.696 78.295
202109 65.002 274.310 79.135
202112 66.873 278.802 80.101
202203 67.902 287.504 78.872
202206 67.942 296.311 76.573
202209 70.835 296.808 79.700
202212 68.424 296.797 76.990
202303 68.450 301.836 75.733
202306 66.468 305.109 72.751
202309 67.383 307.789 73.111
202312 68.505 306.746 74.581
202403 24.798 312.332 26.515
202406 25.887 314.175 27.517
202409 26.839 315.301 28.427
202412 27.278 315.605 28.864
202503 27.102 319.799 28.301
202506 27.187 322.561 28.147
202509 27.591 324.800 28.368
202512 28.857 324.054 29.738
202603 29.159 330.213 29.489
202606 28.460 333.952 28.460

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 Mesa Laboratories (FRA:MLI) Overvalued in 2026?

Based on GuruFocus' analysis, Mesa Laboratories stock appears to be undervalued. The current stock price of €87.50 is trading 12.8% below its estimated GF Value™ of €100.30. GuruFocus considers Mesa Laboratories to be Modestly Undervalued.

Key valuation signals for FRA:MLI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €100.30 vs. price of €87.50 (12.8% below fair value)
  • GF Score™: 75/100 with 8 warning signs

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


Mesa Laboratories Business Description

Other Exchanges MLAB:USA
Address 12100 West Sixth Avenue, Lakewood, CO, USA, 80228
Mesa Laboratories Inc manufactures life sciences tools and critical quality control solutions. It operates in four divisions: i) Sterilization and Disinfection Control, which manufactures and sells biological, chemical, and cleaning indicators used to assess the effectiveness of sterilization, decontamination, disinfection, and cleaning processes. ii) Clinical Genomics division develops, manufactures, and sells sensitive, low-cost, high-throughput genetic analysis tools and related consumables. iii) The Biopharmaceutical Development division develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions. iv) The Calibration Solutions division develops, manufactures, sells, and services quality control products.
75GF Score

Get the complete analysis for FRA:MLI

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

€87.50
Price
€100.30
GF Value