MDDNF (Meridian Energy) Cyclically Adjusted PB Ratio: (As of Aug. 28, 2026)

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.

MDDNF Meridian Energy Ltd MDDNF
75 GF Score
Price $3.50
GF Value $2.75
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Meridian Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Meridian Energy  (OTCPK:MDDNF) 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.


Meridian Energy Cyclically Adjusted PB Ratio Related Terms


Meridian Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Meridian Energy'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.

Meridian Energy Cyclically Adjusted PB Ratio Chart

Meridian Energy Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.98 2.37 2.50 2.20 0.00

Meridian Energy Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 2.50 0.00 2.20 0.00 0.00

Meridian Energy Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Meridian Energy'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.


Meridian Energy Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MDDNF
75GF Score
Meridian Energy Ltd MDDNF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meridian Energy 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.

Meridian Energy's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Meridian Energy's adjusted Book Value per Share data for the fiscal year that ended in Jun26 was:

Adj_Book=Book Value per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=2.185/136.8867*136.8867
=2.185

Current CPI (Jun26) = 136.8867.

Meridian Energy Annual Data

Book Value per Share CPI Adj_Book
201706 1.434 102.231 1.920
201806 1.306 103.764 1.723
201906 1.406 105.502 1.824
202006 1.279 107.035 1.636
202106 1.449 110.614 1.793
202206 1.361 118.690 1.570
202306 1.422 125.846 1.547
202406 1.956 130.037 2.059
202506 2.058 133.513 2.110
202606 2.185 136.887 2.185

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.

Is Meridian Energy (MDDNF) Overvalued in 2026?

Based on GuruFocus' analysis, Meridian Energy stock appears to be overvalued. The current stock price of $3.50 is trading 27.3% above its estimated GF Value™ of $2.75. GuruFocus considers Meridian Energy to be Modestly Overvalued.

Key valuation signals for MDDNF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $2.75 vs. price of $3.50 (27.3% above fair value)
  • GF Score™: 75/100 with 6 warning signs

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


Meridian Energy Business Description

Address 98 Customhouse Quay, Level 2, Wellington, NZL, 6011
Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.
75GF Score

Get the complete analysis for MDDNF

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

$3.50
Price
$2.75
GF Value