Yelp (FRA:Y9L) Cyclically Adjusted PB Ratio: 1.87 (As of Aug. 11, 2026) — 36% Below Median

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FRA:Y9L Yelp Inc FRA:Y9L
70 GF Score
Price €22.02
GF Value €40.17
! 2 Warning Signs
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What is Yelp Cyclically Adjusted PB Ratio?

Yelp FRA:Y9L +1.90% 70 Cyclically Adjusted PB Ratio is 1.87 as of Aug. 11, 2026, which is 36% below its 10-year median of 2.94. GuruFocus rates FRA:Y9L with a GF Score™ of 70/100 and a GF Value™ of €40.17. The stock has 2 warning signs investors should review. Among 346 Interactive Media companies, Yelp ranks worse than 59.83% on this metric.

As of today (2026-08-11), Yelp's current share price is €22.02. Yelp's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €11.75. Yelp's Cyclically Adjusted PB Ratio for today is 1.87.

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

FRA:Y9L' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.61   Med: 2.94   Max: 4.79
Current: 1.84

During the past years, Yelp's highest Cyclically Adjusted PB Ratio was 4.79. The lowest was 1.61. And the median was 2.94.

FRA:Y9L's Cyclically Adjusted PB Ratio is ranked worse than
59.83% of 346 companies
in the Interactive Media industry
Industry Median: 1.505 vs FRA:Y9L: 1.84

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.

Yelp's adjusted book value per share data for the three months ended in Jun. 2026 was €10.039. 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 €11.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yelp  (FRA:Y9L) 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.


Yelp Cyclically Adjusted PB Ratio Related Terms


Yelp Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Yelp'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.

Yelp Cyclically Adjusted PB Ratio Chart

Yelp 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 3.62 2.41 3.85 3.03 2.33

Yelp 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 2.63 2.38 2.33 1.87 1.83

FRA:Y9L vs TBLA, WBTN, RUM: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Yelp'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.


Yelp Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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


FRA:Y9L
70GF Score
Yelp Inc FRA:Y9L
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Yelp 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.02/11.75
=1.87

* 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.

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

For example, Yelp'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)
=10.039/333.9520*333.9520
=10.039

Current CPI (Jun. 2026) = 333.9520.

Yelp Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.710 241.428 12.048
201612 9.634 241.432 13.326
201703 9.688 243.801 13.270
201706 9.653 244.955 13.160
201709 9.383 246.819 12.695
201712 11.190 246.524 15.158
201803 10.595 249.554 14.178
201806 11.221 251.989 14.871
201809 11.472 252.439 15.176
201812 11.529 251.233 15.325
201903 11.048 254.202 14.514
201906 9.207 256.143 12.004
201909 9.087 256.759 11.819
201912 9.545 256.974 12.404
202003 9.598 258.115 12.418
202006 9.489 257.797 12.292
202009 9.361 260.280 12.011
202012 9.332 260.474 11.964
202103 9.255 264.877 11.669
202106 8.953 271.696 11.004
202109 9.036 274.310 11.001
202112 9.213 278.802 11.035
202203 9.191 287.504 10.676
202206 9.559 296.311 10.773
202209 10.063 296.808 11.322
202212 9.607 296.797 10.810
202303 9.442 301.836 10.447
202306 9.440 305.109 10.332
202309 10.049 307.789 10.903
202312 9.981 306.746 10.866
202403 9.721 312.332 10.394
202406 10.102 314.175 10.738
202409 9.999 315.301 10.590
202412 10.799 315.605 11.427
202503 10.408 319.799 10.869
202506 10.142 322.561 10.500
202509 10.065 324.800 10.349
202512 10.126 324.054 10.435
202603 9.763 330.213 9.874
202606 10.039 333.952 10.039

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 1.87 mean?
Yelp (FRA:Y9L) has a Cyclically Adjusted PB Ratio of 1.87 as of Aug. 11, 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 Yelp and its competitors. This is 36% below median its historical median of 2.94. Over the past decade, Yelp's Cyclically Adjusted PB Ratio has ranged from 1.61 to 4.79. According to the industry distribution chart, Yelp ranks #207 out of 346 companies in the Interactive Media industry, placing it in the top 59.8%.
Is Yelp's Cyclically Adjusted PB Ratio too high?
Yelp's current Cyclically Adjusted PB Ratio of 1.87 is 36% below median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 4.79. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. Yelp's value of 1.87 is 24.3% above this industry median. Based on the distribution chart, Yelp ranks #207 out of 346 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Yelp has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Yelp's Cyclically Adjusted PB Ratio compare to TBLA and WBTN?
According to the Interactive Media industry distribution chart, Yelp ranks #207 out of 346 companies for Cyclically Adjusted PB Ratio. This places Yelp in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Yelp's value of 1.87 is 24.3% above this benchmark. Historically, Yelp's own Cyclically Adjusted PB Ratio has ranged from 1.61 to 4.79 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 1.51, Yelp 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.51, based on 346 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. Yelp's current Cyclically Adjusted PB Ratio of 1.87 is 24.3% 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 Yelp and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yelp's current Cyclically Adjusted PB Ratio is 1.87, which is 36% below median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yelp stock overvalued right now?
Yelp (FRA:Y9L) has a current Cyclically Adjusted PB Ratio of 1.87. The stock's GF Value™ is €40.17, compared to a current price of €22.02 — trading 45.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.87, which is 36% below median its 10-year median of 2.94 and 24.3% above the Interactive Media industry median of 1.51. Yelp's overall GF Score™ is 70/100 with 2 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 Yelp (FRA:Y9L), the current Cyclically Adjusted PB Ratio is 1.87 as of Aug. 11, 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 Yelp (FRA:Y9L) Overvalued in 2026?

Based on GuruFocus' analysis, Yelp stock appears to be undervalued. The current stock price of €22.02 is trading 45.2% below its estimated GF Value™ of €40.17.

Key valuation signals for FRA:Y9L:

  • Cyclically Adjusted PB Ratio: 1.87 (36% below median its 10-year median of 2.94)
  • GF Value™: €40.17 vs. price of €22.02 (45.2% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 24.3% above the Interactive Media median (#207 of 346)

No single metric tells the full story. See the FRA:Y9L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yelp Business Description

Address 350 Mission Street, 10th Floor, San Francisco, CA, USA, 94105
Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making appropriate buying decisions and posting their feedbacks. Its products and services includes Advertising Products and Business Page Products. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses. The company generates majority of the revenue from United States, and also has its presence in other countries.
70GF Score

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

€22.02
Price
€40.17
GF Value