MALJF (Magellan Aerospace) Cyclically Adjusted PB Ratio: 2.10 (As of Jul. 19, 2026) — 116% 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.

MALJF Magellan Aerospace Corp MALJF
74 GF Score
Price $22.82
GF Value $8.34
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Magellan Aerospace Cyclically Adjusted PB Ratio?

Magellan Aerospace MALJF -0.61% 74 Cyclically Adjusted PB Ratio is 2.10 as of Jul. 19, 2026, which is 116% above its 10-year median of 0.97. GuruFocus rates MALJF with a GF Score™ of 74/100 and a GF Value™ of $8.34 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 214 Aerospace & Defense companies, Magellan Aerospace ranks better than 71.03% on this metric.

As of today (2026-07-19), Magellan Aerospace's current share price is $22.82. Magellan Aerospace's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $10.87. Magellan Aerospace's Cyclically Adjusted PB Ratio for today is 2.10.

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

MALJF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.97   Max: 2.26
Current: 2.15

During the past years, Magellan Aerospace's highest Cyclically Adjusted PB Ratio was 2.26. The lowest was 0.48. And the median was 0.97.

MALJF's Cyclically Adjusted PB Ratio is ranked better than
71.03% of 214 companies
in the Aerospace & Defense industry
Industry Median: 3.42 vs MALJF: 2.15

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.

Magellan Aerospace's adjusted book value per share data for the three months ended in Mar. 2026 was $10.710. 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 $10.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Magellan Aerospace  (OTCPK:MALJF) 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.


Magellan Aerospace Cyclically Adjusted PB Ratio Related Terms


Magellan Aerospace Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Magellan Aerospace'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.

Magellan Aerospace Cyclically Adjusted PB Ratio Chart

Magellan Aerospace 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 0.88 0.79 0.58 0.71 1.25

Magellan Aerospace 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 0.89 1.32 1.11 1.25 1.40

MALJF vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, Magellan Aerospace'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.


Magellan Aerospace Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MALJF
74GF Score
Magellan Aerospace Corp MALJF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Magellan Aerospace 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.

Magellan Aerospace's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.82/10.87
=2.10

* 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.

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

For example, Magellan Aerospace'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)
=10.71/132.2623*132.2623
=10.710

Current CPI (Mar. 2026) = 132.2623.

Magellan Aerospace Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.494 102.002 9.717
201609 7.600 101.765 9.878
201612 7.910 101.449 10.313
201703 8.231 102.634 10.607
201706 8.428 103.029 10.819
201709 9.286 103.345 11.884
201712 9.408 103.345 12.041
201803 9.712 105.004 12.233
201806 9.767 105.557 12.238
201809 9.914 105.636 12.413
201812 10.071 105.399 12.638
201903 10.225 106.979 12.642
201906 10.239 107.690 12.575
201909 10.341 107.611 12.710
201912 10.599 107.769 13.008
202003 10.533 107.927 12.908
202006 10.492 108.401 12.801
202009 10.723 108.164 13.112
202012 10.582 108.559 12.892
202103 10.793 110.298 12.942
202106 10.991 111.720 13.012
202109 10.595 112.905 12.411
202112 10.318 113.774 11.995
202203 10.133 117.646 11.392
202206 9.945 120.806 10.888
202209 9.546 120.648 10.465
202212 9.333 120.964 10.205
202303 9.355 122.702 10.084
202306 9.589 124.203 10.211
202309 9.476 125.230 10.008
202312 9.560 125.072 10.110
202403 9.655 126.258 10.114
202406 9.664 127.522 10.023
202409 9.884 127.285 10.271
202412 9.820 127.364 10.198
202503 9.946 129.181 10.183
202506 10.319 129.892 10.507
202509 10.414 130.287 10.572
202512 10.445 130.366 10.597
202603 10.710 132.262 10.710

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 2.10 mean?
Magellan Aerospace (MALJF) has a Cyclically Adjusted PB Ratio of 2.10 as of Jul. 19, 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 Magellan Aerospace and its competitors. This is 116% above median its historical median of 0.97. Over the past decade, Magellan Aerospace's Cyclically Adjusted PB Ratio has ranged from 0.48 to 2.26. According to the industry distribution chart, Magellan Aerospace ranks #62 out of 214 companies in the Aerospace & Defense industry, placing it in the top 29%.
Is Magellan Aerospace's Cyclically Adjusted PB Ratio too high?
Magellan Aerospace's current Cyclically Adjusted PB Ratio of 2.10 is 116% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 2.26. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.42. Magellan Aerospace's value of 2.10 is 38.6% below this industry median. Based on the distribution chart, Magellan Aerospace ranks #62 out of 214 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Magellan Aerospace has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magellan Aerospace's Cyclically Adjusted PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Magellan Aerospace ranks #62 out of 214 companies for Cyclically Adjusted PB Ratio. This puts Magellan Aerospace in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.42. Magellan Aerospace's value of 2.10 is 38.6% below this benchmark. Historically, Magellan Aerospace's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 2.26 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 3.42, Magellan Aerospace 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 an Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.42, based on 214 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. Magellan Aerospace's current Cyclically Adjusted PB Ratio of 2.10 is 38.6% 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 Magellan Aerospace and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magellan Aerospace's current Cyclically Adjusted PB Ratio is 2.10, which is 116% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Magellan Aerospace (MALJF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.34, compared to a current price of $22.82 — trading 173.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.10, which is 116% above median its 10-year median of 0.97 and 38.6% below the Aerospace & Defense industry median of 3.42. Magellan Aerospace's overall GF Score™ is 74/100 with 7 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 Magellan Aerospace (MALJF), the current Cyclically Adjusted PB Ratio is 2.10 as of Jul. 19, 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 Magellan Aerospace (MALJF) Overvalued in 2026?

Based on GuruFocus' analysis, Magellan Aerospace stock appears to be overvalued. The current stock price of $22.82 is trading 173.6% above its estimated GF Value™ of $8.34. GuruFocus considers Magellan Aerospace to be Significantly Overvalued.

Key valuation signals for MALJF:

  • Cyclically Adjusted PB Ratio: 2.10 (116% above median its 10-year median of 0.97)
  • GF Value™: $8.34 vs. price of $22.82 (173.6% above fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 38.6% below the Aerospace & Defense median (#62 of 214)

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


Magellan Aerospace Business Description

Other Exchanges 4M7A:GermanyMAL:Canada
Address 3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9
Magellan Aerospace Corp supplies components to the aerospace industry. Through its subsidiaries, it engineers and manufactures aero-engine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Some of its product offerings include honeycomb and filament-wound tubes, frames, compressor components, bypass ducts, black brant rockets, and helicopter power transmission housings, among others. The group also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services. It operates activities in one reportable segment, namely Aerospace. Geographically, the group derives its maximum revenue from Canada, followed by the United States and Europe.
74GF Score

Get the complete analysis for MALJF

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

$22.82
Price
$8.34
GF Value