FWONB (Liberty Media) Cyclically Adjusted PB Ratio: 2.71 (As of Sep. 15, 2026) — 32% Above 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.

FWONB Liberty Media Corp FWONB
82 GF Score
Price $87.50
GF Value $83.10
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Liberty Media Cyclically Adjusted PB Ratio?

Liberty Media FWONB 82 Cyclically Adjusted PB Ratio is 2.71 as of Sep. 15, 2026, which is 32% above its 10-year median of 2.06. GuruFocus rates FWONB with a GF Score™ of 82/100 and a GF Value™ of $83.10 (Fairly Valued). The stock has 5 warning signs investors should review. Among 652 Media - Diversified companies, Liberty Media ranks worse than 81.6% on this metric.

As of today (2026-09-15), Liberty Media's current share price is $87.50. Liberty Media's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $32.25. Liberty Media's Cyclically Adjusted PB Ratio for today is 2.71.

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

FWONB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.06   Max: 3.31
Current: 2.78

During the past years, Liberty Media's highest Cyclically Adjusted PB Ratio was 3.31. The lowest was 1.24. And the median was 2.06.

FWONB's Cyclically Adjusted PB Ratio is ranked worse than
81.6% of 652 companies
in the Media - Diversified industry
Industry Median: 1 vs FWONB: 2.78

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.

Liberty Media's adjusted book value per share data for the three months ended in Jun. 2026 was $33.417. 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 $32.25 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liberty Media  (OTCPK:FWONB) 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.


Liberty Media Cyclically Adjusted PB Ratio Related Terms


Liberty Media Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Liberty Media'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.

Liberty Media Cyclically Adjusted PB Ratio Chart

Liberty Media 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 0.94 0.79 1.48 2.40 2.86

Liberty Media 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 2.59 2.84 2.76 2.44 2.54

FWONB vs ROKU, FOXA, NWSA: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Liberty Media'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.


Liberty Media Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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


FWONB
82GF Score
Liberty Media Corp FWONB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liberty Media 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.

Liberty Media's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=87.50/32.251
=2.71

* 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.

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

For example, Liberty Media'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)
=33.417/333.9520*333.9520
=33.417

Current CPI (Jun. 2026) = 333.9520.

Liberty Media Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.972 241.428 20.710
201612 15.347 241.432 21.228
201703 22.301 243.801 30.547
201706 22.846 244.955 31.146
201709 22.688 246.819 30.697
201712 24.568 246.524 33.281
201803 24.504 249.554 32.791
201806 24.469 251.989 32.428
201809 24.614 252.439 32.562
201812 24.037 251.233 31.951
201903 23.344 254.202 30.668
201906 23.129 256.143 30.155
201909 23.178 256.759 30.146
201912 22.625 256.974 29.402
202003 21.569 258.115 27.906
202006 29.216 257.797 37.847
202009 28.833 260.280 36.994
202012 29.139 260.474 37.359
202103 30.549 264.877 38.516
202106 30.891 271.696 37.969
202109 30.636 274.310 37.297
202112 29.889 278.802 35.801
202203 29.650 287.504 34.440
202206 30.116 296.311 33.942
202209 30.570 296.808 34.396
202212 29.654 296.797 33.366
202303 29.484 301.836 32.621
202306 29.954 305.109 32.786
202309 27.128 307.789 29.434
202312 27.360 306.746 29.787
202403 27.627 312.332 29.539
202406 27.767 314.175 29.515
202409 30.733 315.301 32.551
202412 29.640 315.605 31.363
202503 29.722 319.799 31.037
202506 31.402 322.561 32.511
202509 32.353 324.800 33.265
202512 33.736 324.054 34.766
202603 33.539 330.213 33.919
202606 33.417 333.952 33.417

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 2.71 mean?
Liberty Media (FWONB) has a Cyclically Adjusted PB Ratio of 2.71 as of Sep. 15, 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 Liberty Media and its competitors. This is 32% above median its historical median of 2.06. Over the past decade, Liberty Media's Cyclically Adjusted PB Ratio has ranged from 1.24 to 3.31. According to the industry distribution chart, Liberty Media ranks #532 out of 652 companies in the Media - Diversified industry, placing it in the top 81.6%.
Is Liberty Media's Cyclically Adjusted PB Ratio too high?
Liberty Media's current Cyclically Adjusted PB Ratio of 2.71 is 32% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 3.31. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 1.00. Liberty Media's value of 2.71 is 171% above this industry median. Based on the distribution chart, Liberty Media ranks #532 out of 652 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Liberty Media has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Liberty Media's Cyclically Adjusted PB Ratio compare to ROKU and FOXA?
According to the Media - Diversified industry distribution chart, Liberty Media ranks #532 out of 652 companies for Cyclically Adjusted PB Ratio. This places Liberty Media in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.00. Liberty Media's value of 2.71 is 171% above this benchmark. Historically, Liberty Media's own Cyclically Adjusted PB Ratio has ranged from 1.24 to 3.31 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.00, Liberty Media 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 1.00, based on 652 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. Liberty Media's current Cyclically Adjusted PB Ratio of 2.71 is 171% 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 Liberty Media and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty Media's current Cyclically Adjusted PB Ratio is 2.71, which is 32% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Media stock overvalued right now?
Based on GuruFocus' analysis, Liberty Media (FWONB) is currently considered Fairly Valued. The stock's GF Value™ is $83.10, compared to a current price of $87.50 — trading 5.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.71, which is 32% above median its 10-year median of 2.06 and 171% above the Media - Diversified industry median of 1.00. Liberty Media's overall GF Score™ is 82/100 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 Liberty Media (FWONB), the current Cyclically Adjusted PB Ratio is 2.71 as of Sep. 15, 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 Liberty Media (FWONB) Overvalued in 2026?

Based on GuruFocus' analysis, Liberty Media stock appears to be overvalued. The current stock price of $87.50 is trading 5.3% above its estimated GF Value™ of $83.10. GuruFocus considers Liberty Media to be Fairly Valued.

Key valuation signals for FWONB:

  • Cyclically Adjusted PB Ratio: 2.71 (32% above median its 10-year median of 2.06)
  • GF Value™: $83.10 vs. price of $87.50 (5.3% above fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 171% above the Media - Diversified median (#532 of 652)

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


Liberty Media Business Description

Address 12300 Liberty Boulevard, Englewood, CO, USA, 80112
Liberty Media Corp along with its subsidiaries is engaged in the media and entertainment industries in North America and the United Kingdom. The company owns interests in a high-quality portfolio of assets across the media, entertainment and sports industries. It operates in two reportable segment Formula 1 and MotoGP. It generates majority of its revenue from the Formula 1 segment. The company derives its maximum revenue from United Kingdom.
82GF Score

Get the complete analysis for FWONB

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

$87.50
Price
$83.10
GF Value