Macfarlane Group (LSE:MACF) Cyclically Adjusted PB Ratio: 1.03 (As of Jul. 16, 2026) — 61% Below Median

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LSE:MACF Macfarlane Group PLC LSE:MACF
57 GF Score
Price £0.66
GF Value £1.18
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Macfarlane Group Cyclically Adjusted PB Ratio?

Macfarlane Group LSE:MACF +1.23% 57 Cyclically Adjusted PB Ratio is 1.03 as of Jul. 16, 2026, which is 61% below its 10-year median of 2.62. GuruFocus rates LSE:MACF with a GF Score™ of 57/100 and a GF Value™ of £1.18 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 315 Packaging & Containers companies, Macfarlane Group ranks better than 53.65% on this metric.

As of today (2026-07-16), Macfarlane Group's current share price is £0.66. Macfarlane Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was £0.64. Macfarlane Group's Cyclically Adjusted PB Ratio for today is 1.03.

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

LSE:MACF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 2.62   Max: 4.39
Current: 1.01

During the past 13 years, Macfarlane Group's highest Cyclically Adjusted PB Ratio was 4.39. The lowest was 0.98. And the median was 2.62.

LSE:MACF's Cyclically Adjusted PB Ratio is ranked better than
53.65% of 315 companies
in the Packaging & Containers industry
Industry Median: 1.18 vs LSE:MACF: 1.01

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.

Macfarlane Group's adjusted book value per share data of for the fiscal year that ended in Dec25 was £0.768. 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 £0.64 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macfarlane Group  (LSE:MACF) 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.


Macfarlane Group Cyclically Adjusted PB Ratio Related Terms


Macfarlane Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Macfarlane Group'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.

Macfarlane Group Cyclically Adjusted PB Ratio Chart

Macfarlane Group 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 3.39 2.27 2.25 1.84 1.12

Macfarlane Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.25 0.00 1.84 0.00 1.12

LSE:MACF vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Macfarlane Group'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.


Macfarlane Group Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Macfarlane Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LSE:MACF
57GF Score
Macfarlane Group PLC LSE:MACF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macfarlane Group 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.

Macfarlane Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.66/0.64
=1.03

* 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.

Macfarlane Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Macfarlane Group's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.768/139.9000*139.9000
=0.768

Current CPI (Dec25) = 139.9000.

Macfarlane Group Annual Data

Book Value per Share CPI Adj_Book
201612 0.288 102.200 0.394
201712 0.363 105.000 0.484
201812 0.397 107.100 0.519
201912 0.436 108.500 0.562
202012 0.506 109.400 0.647
202112 0.601 114.700 0.733
202212 0.670 125.300 0.748
202312 0.721 130.500 0.773
202412 0.774 135.100 0.801
202512 0.768 139.900 0.768

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 1.03 mean?
Macfarlane Group (LSE:MACF) has a Cyclically Adjusted PB Ratio of 1.03 as of Jul. 16, 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 Macfarlane Group and its competitors. This is 61% below median its historical median of 2.62. Over the past decade, Macfarlane Group's Cyclically Adjusted PB Ratio has ranged from 0.98 to 4.39. According to the industry distribution chart, Macfarlane Group ranks #146 out of 315 companies in the Packaging & Containers industry, placing it in the top 46.3%.
Is Macfarlane Group's Cyclically Adjusted PB Ratio too high?
Macfarlane Group's current Cyclically Adjusted PB Ratio of 1.03 is 61% below median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 4.39. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.18. Macfarlane Group's value of 1.03 is 12.7% below this industry median. Based on the distribution chart, Macfarlane Group ranks #146 out of 315 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Macfarlane Group has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macfarlane Group's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Macfarlane Group ranks #146 out of 315 companies for Cyclically Adjusted PB Ratio. This puts Macfarlane Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Macfarlane Group's value of 1.03 is 12.7% below this benchmark. Historically, Macfarlane Group's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 4.39 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 1.18, Macfarlane Group 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.18, based on 315 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. Macfarlane Group's current Cyclically Adjusted PB Ratio of 1.03 is 12.7% 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 Macfarlane Group and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macfarlane Group's current Cyclically Adjusted PB Ratio is 1.03, which is 61% below median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macfarlane Group stock overvalued right now?
Based on GuruFocus' analysis, Macfarlane Group (LSE:MACF) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.18, compared to a current price of £0.66 — trading 44.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.03, which is 61% below median its 10-year median of 2.62 and 12.7% below the Packaging & Containers industry median of 1.18. Macfarlane Group's overall GF Score™ is 57/100 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 Macfarlane Group (LSE:MACF), the current Cyclically Adjusted PB Ratio is 1.03 as of Jul. 16, 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 Macfarlane Group (LSE:MACF) Overvalued in 2026?

Based on GuruFocus' analysis, Macfarlane Group stock appears to be undervalued. The current stock price of £0.66 is trading 44.1% below its estimated GF Value™ of £1.18. GuruFocus considers Macfarlane Group to be Significantly Undervalued.

Key valuation signals for LSE:MACF:

  • Cyclically Adjusted PB Ratio: 1.03 (61% below median its 10-year median of 2.62)
  • GF Value™: £1.18 vs. price of £0.66 (44.1% below fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 12.7% below the Packaging & Containers median (#146 of 315)

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


Macfarlane Group Business Description

Other Exchanges MACFl:UK5K6:Germany
Address 3 Park Gardens, First Floor, Glasgow, GBR, G3 7YE
Macfarlane Group PLC is a United Kingdom-based company that provides services for the packaging sector. It operates in two segments Packaging Distribution segment, which includes the distribution of packaging materials & supply of storage & warehousing services, & Manufacturing Operations comprises the manufacturing & supplying of self-adhesive labels to fast-moving consumer goods. The business operates Regional Distribution Centers, supplying customers with a range of packaging materials & services. It operates across a wide range of sectors such as Aerospace, Defense, Electronics, Medical General, Industrial food, health & beauty, household products, & beverages sectors. It derives key revenue from the Distribution segment. Geographically, it derives the majority revenue from the UK.
57GF Score

Get the complete analysis for LSE:MACF

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

£0.66
Price
£1.18
GF Value