Rocky Mountain Chocolate Factory (FRA:RMFA) Cyclically Adjusted PB Ratio: 0.24 (As of Jul. 29, 2026) — 86% Below Median

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FRA:RMFA Rocky Mountain Chocolate Factory Inc FRA:RMFA
47 GF Score
Price €0.60
GF Value €1.18
Valuation Possible Value Trap
! 9 Warning Signs
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What is Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio?

Rocky Mountain Chocolate Factory FRA:RMFA -6.98% 47 Cyclically Adjusted PB Ratio is 0.24 as of Jul. 29, 2026, which is 86% below its 10-year median of 1.77. GuruFocus rates FRA:RMFA with a GF Score™ of 47/100 and a GF Value™ of €1.18 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,437 Consumer Packaged Goods companies, Rocky Mountain Chocolate Factory ranks better than 92.21% on this metric.

As of today (2026-07-29), Rocky Mountain Chocolate Factory's current share price is €0.60. Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was €2.50. Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio for today is 0.24.

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

FRA:RMFA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 1.77   Max: 4.41
Current: 0.28

During the past years, Rocky Mountain Chocolate Factory's highest Cyclically Adjusted PB Ratio was 4.41. The lowest was 0.28. And the median was 1.77.

FRA:RMFA's Cyclically Adjusted PB Ratio is ranked better than
92.21% of 1437 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs FRA:RMFA: 0.28

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.

Rocky Mountain Chocolate Factory's adjusted book value per share data for the three months ended in May. 2026 was €0.378. 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 €2.50 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rocky Mountain Chocolate Factory  (FRA:RMFA) 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.


Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio Related Terms


Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rocky Mountain Chocolate Factory'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.

Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio Chart

Rocky Mountain Chocolate Factory Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.17 1.35 1.11 0.46 0.80

Rocky Mountain Chocolate Factory 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 0.36 0.44 0.52 0.80 0.62

FRA:RMFA vs MTTCF, MGNC, PURE: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Rocky Mountain Chocolate Factory'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.


Rocky Mountain Chocolate Factory Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio falls into.


FRA:RMFA
47GF Score
Rocky Mountain Chocolate Factory Inc FRA:RMFA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rocky Mountain Chocolate Factory 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.

Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.60/2.50
=0.24

* 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.

Rocky Mountain Chocolate Factory's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Rocky Mountain Chocolate Factory'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)
=0.378/335.1230*335.1230
=0.378

Current CPI (May. 2026) = 335.1230.

Rocky Mountain Chocolate Factory Quarterly Data

Book Value per Share CPI Adj_Book
201608 2.851 240.849 3.967
201611 3.033 241.353 4.211
201702 3.020 243.603 4.155
201705 2.949 244.733 4.038
201708 2.796 245.519 3.816
201711 2.838 246.669 3.856
201802 2.684 248.991 3.612
201805 2.938 251.588 3.914
201808 3.009 252.146 3.999
201811 3.045 252.038 4.049
201902 3.015 252.776 3.997
201905 3.092 256.092 4.046
201908 3.147 256.558 4.111
201911 3.064 257.208 3.992
202002 2.948 258.678 3.819
202005 2.395 256.394 3.130
202008 2.236 259.918 2.883
202011 2.325 260.229 2.994
202102 2.583 263.014 3.291
202105 2.649 269.195 3.298
202108 2.778 273.567 3.403
202111 2.683 277.948 3.235
202202 2.763 283.716 3.264
202205 2.956 292.296 3.389
202208 2.526 296.171 2.858
202211 2.501 297.711 2.815
202302 2.145 300.840 2.389
202305 2.013 304.127 2.218
202308 1.874 307.026 2.045
202311 1.800 307.051 1.965
202402 1.562 310.326 1.687
202405 1.319 314.069 1.407
202408 1.258 314.796 1.339
202411 1.208 315.493 1.283
202502 0.867 319.082 0.911
202505 0.769 321.465 0.802
202508 0.675 323.976 0.698
202511 0.666 324.122 0.689
202602 0.473 326.785 0.485
202605 0.378 335.123 0.378

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 0.24 mean?
Rocky Mountain Chocolate Factory (FRA:RMFA) has a Cyclically Adjusted PB Ratio of 0.24 as of Jul. 29, 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 Rocky Mountain Chocolate Factory and its competitors. This is 86% below median its historical median of 1.77. Over the past decade, Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio has ranged from 0.28 to 4.41. According to the industry distribution chart, Rocky Mountain Chocolate Factory ranks #112 out of 1437 companies in the Consumer Packaged Goods industry, placing it in the top 7.8%.
Is Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio too high?
Rocky Mountain Chocolate Factory's current Cyclically Adjusted PB Ratio of 0.24 is 86% below median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 4.41. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Rocky Mountain Chocolate Factory's value of 0.24 is 80.8% below this industry median. Based on the distribution chart, Rocky Mountain Chocolate Factory ranks #112 out of 1437 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Rocky Mountain Chocolate Factory has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rocky Mountain Chocolate Factory's Cyclically Adjusted PB Ratio compare to MTTCF and MGNC?
According to the Consumer Packaged Goods industry distribution chart, Rocky Mountain Chocolate Factory ranks #112 out of 1437 companies for Cyclically Adjusted PB Ratio. This places Rocky Mountain Chocolate Factory in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Rocky Mountain Chocolate Factory's value of 0.24 is 80.8% below this benchmark. Historically, Rocky Mountain Chocolate Factory's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 4.41 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 1.25, Rocky Mountain Chocolate Factory 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,437 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. Rocky Mountain Chocolate Factory's current Cyclically Adjusted PB Ratio of 0.24 is 80.8% 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 Rocky Mountain Chocolate Factory and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocky Mountain Chocolate Factory's current Cyclically Adjusted PB Ratio is 0.24, which is 86% below median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocky Mountain Chocolate Factory stock overvalued right now?
Based on GuruFocus' analysis, Rocky Mountain Chocolate Factory (FRA:RMFA) is currently considered Possible Value Trap. The stock's GF Value™ is €1.18, compared to a current price of €0.60 — trading 49.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.24, which is 86% below median its 10-year median of 1.77 and 80.8% below the Consumer Packaged Goods industry median of 1.25. Rocky Mountain Chocolate Factory's overall GF Score™ is 47/100 with 9 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 Rocky Mountain Chocolate Factory (FRA:RMFA), the current Cyclically Adjusted PB Ratio is 0.24 as of Jul. 29, 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 Rocky Mountain Chocolate Factory (FRA:RMFA) Overvalued in 2026?

Based on GuruFocus' analysis, Rocky Mountain Chocolate Factory stock appears to be undervalued. The current stock price of €0.60 is trading 49.2% below its estimated GF Value™ of €1.18. GuruFocus considers Rocky Mountain Chocolate Factory to be Possible Value Trap.

Key valuation signals for FRA:RMFA:

  • Cyclically Adjusted PB Ratio: 0.24 (86% below median its 10-year median of 1.77)
  • GF Value™: €1.18 vs. price of €0.60 (49.2% below fair value)
  • GF Score™: 47/100 with 9 warning signs
  • Industry Position: 80.8% below the Consumer Packaged Goods median (#112 of 1437)

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


Rocky Mountain Chocolate Factory Business Description

Other Exchanges RMCF:USA
Address 265 Turner Drive, Durango, CO, USA, 81303
Rocky Mountain Chocolate Factory Inc operates as a manufacturer of chocolate candies and confectionery products. The company prepares numerous products, including caramel apples in the store. The business activity of the firm functions through Franchising, Manufacturing, Retail Stores, and Others. The company derives maximum revenue through manufacturing activities. The products of the company include varieties of Clusters, Caramels, Creams, Toffees, Mints, and Truffles.
47GF Score

Get the complete analysis for FRA:RMFA

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

€0.60
Price
€1.18
GF Value