Monro (FRA:MR2) Cyclically Adjusted PB Ratio: 0.69 (As of Jul. 26, 2026) — 77% Below 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:MR2 Monro Inc FRA:MR2
68 GF Score
Price €14.50
GF Value €19.77
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Monro Cyclically Adjusted PB Ratio?

Monro FRA:MR2 68 Cyclically Adjusted PB Ratio is 0.69 as of Jul. 26, 2026, which is 77% below its 10-year median of 2.95. GuruFocus rates FRA:MR2 with a GF Score™ of 68/100 and a GF Value™ of €19.77 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,027 Vehicles & Parts companies, Monro ranks better than 71.76% on this metric.

As of today (2026-07-26), Monro's current share price is €14.50. Monro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €20.94. Monro's Cyclically Adjusted PB Ratio for today is 0.69.

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

FRA:MR2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 2.95   Max: 6.09
Current: 0.67

During the past years, Monro's highest Cyclically Adjusted PB Ratio was 6.09. The lowest was 0.50. And the median was 2.95.

FRA:MR2's Cyclically Adjusted PB Ratio is ranked better than
71.76% of 1027 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs FRA:MR2: 0.67

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.

Monro's adjusted book value per share data for the three months ended in Mar. 2026 was €17.042. 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 €20.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Monro  (FRA:MR2) 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.


Monro Cyclically Adjusted PB Ratio Related Terms


Monro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Monro'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.

Monro Cyclically Adjusted PB Ratio Chart

Monro 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 2.16 2.21 1.33 0.59 0.64

Monro 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 0.59 0.60 0.72 0.81 0.64

FRA:MR2 vs CPS, ECX, SLDP: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Monro'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.


Monro Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Monro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:MR2
68GF Score
Monro Inc FRA:MR2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Monro 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.50/20.94
=0.69

* 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.

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

For example, Monro'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)
=17.042/330.2130*330.2130
=17.042

Current CPI (Mar. 2026) = 330.2130.

Monro Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.156 241.018 20.765
201609 15.543 241.428 21.259
201612 16.712 241.432 22.857
201703 16.624 243.801 22.516
201706 16.153 244.955 21.775
201709 15.557 246.819 20.813
201712 15.835 246.524 21.211
201803 15.522 249.554 20.539
201806 16.777 251.989 21.985
201809 17.249 252.439 22.563
201812 18.221 251.233 23.949
201903 18.673 254.202 24.257
201906 19.142 256.143 24.677
201909 20.021 256.759 25.749
201912 20.189 256.974 25.943
202003 19.969 258.115 25.547
202006 19.493 257.797 24.969
202009 18.769 260.280 23.812
202012 18.164 260.474 23.027
202103 18.804 264.877 23.442
202106 18.791 271.696 22.838
202109 19.587 274.310 23.579
202112 20.617 278.802 24.419
202203 21.190 287.504 24.338
202206 21.965 296.311 24.478
202209 22.794 296.808 25.359
202212 21.082 296.797 23.456
202303 20.666 301.836 22.609
202306 20.422 305.109 22.102
202309 20.862 307.789 22.382
202312 20.231 306.746 21.779
202403 20.199 312.332 21.355
202406 20.318 314.175 21.355
202409 19.612 315.301 20.540
202412 20.692 315.605 21.650
202503 19.163 319.799 19.787
202506 17.493 322.561 17.908
202509 17.076 324.800 17.361
202512 17.208 324.054 17.535
202603 17.042 330.213 17.042

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 0.69 mean?
Monro (FRA:MR2) has a Cyclically Adjusted PB Ratio of 0.69 as of Jul. 26, 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 Monro and its competitors. This is 77% below median its historical median of 2.95. Over the past decade, Monro's Cyclically Adjusted PB Ratio has ranged from 0.50 to 6.09. According to the industry distribution chart, Monro ranks #290 out of 1027 companies in the Vehicles & Parts industry, placing it in the top 28.2%.
Is Monro's Cyclically Adjusted PB Ratio too high?
Monro's current Cyclically Adjusted PB Ratio of 0.69 is 77% below median its 10-year median of 2.95. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 6.09. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Monro's value of 0.69 is 45.2% below this industry median. Based on the distribution chart, Monro ranks #290 out of 1027 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Monro has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monro's Cyclically Adjusted PB Ratio compare to CPS and ECX?
According to the Vehicles & Parts industry distribution chart, Monro ranks #290 out of 1027 companies for Cyclically Adjusted PB Ratio. This puts Monro in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Monro's value of 0.69 is 45.2% below this benchmark. Historically, Monro's own Cyclically Adjusted PB Ratio has ranged from 0.50 to 6.09 over the past decade. While the company's 10-year median is 2.95 vs. the industry median of 1.26, Monro has consistently been below 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,027 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. Monro's current Cyclically Adjusted PB Ratio of 0.69 is 45.2% below 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 Monro and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monro's current Cyclically Adjusted PB Ratio is 0.69, which is 77% below median its own 10-year median of 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monro stock overvalued right now?
Based on GuruFocus' analysis, Monro (FRA:MR2) is currently considered Modestly Undervalued. The stock's GF Value™ is €19.77, compared to a current price of €14.50 — trading 26.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.69, which is 77% below median its 10-year median of 2.95 and 45.2% below the Vehicles & Parts industry median of 1.26. Monro's overall GF Score™ is 68/100 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 Monro (FRA:MR2), the current Cyclically Adjusted PB Ratio is 0.69 as of Jul. 26, 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 Monro (FRA:MR2) Overvalued in 2026?

Based on GuruFocus' analysis, Monro stock appears to be undervalued. The current stock price of €14.50 is trading 26.7% below its estimated GF Value™ of €19.77. GuruFocus considers Monro to be Modestly Undervalued.

Key valuation signals for FRA:MR2:

  • Cyclically Adjusted PB Ratio: 0.69 (77% below median its 10-year median of 2.95)
  • GF Value™: €19.77 vs. price of €14.50 (26.7% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 45.2% below the Vehicles & Parts median (#290 of 1027)

No single metric tells the full story. See the FRA:MR2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Monro Business Description

Other Exchanges MNRO:USA
Address 295 Woodcliff Drive, Suite 202, Fairport, NY, USA, 14450
Monro Inc is an operator of retail tire and automotive repair stores in the United States. The company offers replacement tires and tire related services, automotive undercar repair services, and a broad range of routine maintenance services, on passenger cars, light trucks, and vans. It also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
68GF Score

Get the complete analysis for FRA:MR2

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

€14.50
Price
€19.77
GF Value