The historical rank and industry rank for Mesa Air Group's Cyclically Adjusted PB Ratio or its related term are showing as below:
MESA'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.32 Max: 2.66
Current: 0.01
During the past years, Mesa Air Group's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.01. And the median was 0.32.
MESA's Cyclically Adjusted PB Ratio is not ranked
in the Transportation industry.
Industry Median: 1.23
vs MESA: 0.01
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.
Mesa Air Group's adjusted book value per share data for the three months ended in Sep. 2025 was $-18.853. 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 $145.74 for the trailing ten years ended in Sep. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Mesa Air Group (NAS:MESA) 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.
Mesa Air Group Cyclically Adjusted PB Ratio Related Terms
Mesa Air Group Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Mesa Air 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.
MESA vs SNCY, ULCC, ALGT: Cyclically Adjusted PB Ratio Comparison
For the Airlines subindustry, Mesa Air 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.
Mesa Air Group Cyclically Adjusted PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Mesa Air Group's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Mesa Air Group's Cyclically Adjusted PB Ratio falls into.
Mesa Air 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.
Mesa Air Group's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.01 mean?
Mesa Air Group (MESA) has a Cyclically Adjusted PB Ratio of 0.01 as of Jul. 03, 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 Mesa Air Group and its competitors. This is 97% below median its historical median of 0.32. Over the past decade, Mesa Air Group's Cyclically Adjusted PB Ratio has ranged from 0.01 to 2.66.
Is Mesa Air Group's Cyclically Adjusted PB Ratio too high?
Mesa Air Group's current Cyclically Adjusted PB Ratio of 0.01 is 97% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 2.66. The Transportation industry median Cyclically Adjusted PB Ratio is 1.23. Mesa Air Group's value of 0.01 is 99.2% below this industry median. Overall, Mesa Air Group has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Mesa Air Group's Cyclically Adjusted PB Ratio compare to SNCY and ULCC?
Mesa Air Group's Cyclically Adjusted PB Ratio of 0.01 can be compared against companies in the Transportation industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Mesa Air Group's value of 0.01 is 99.2% below this benchmark. Historically, Mesa Air Group's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 2.66 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 1.23, Mesa Air 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.23, based on 739 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. Mesa Air Group's current Cyclically Adjusted PB Ratio of 0.01 is 99.2% 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 Mesa Air Group and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesa Air Group's current Cyclically Adjusted PB Ratio is 0.01, which is 97% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mesa Air Group stock overvalued right now?
Mesa Air Group (MESA) has a current Cyclically Adjusted PB Ratio of 0.01. The stock's GF Value™ is $13.88, compared to a current price of $1.40 — trading 89.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.01, which is 97% below median its 10-year median of 0.32 and 99.2% below the Transportation industry median of 1.23. Mesa Air Group's overall GF Score™ is 55/100 with 6 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 Mesa Air Group (MESA), the current Cyclically Adjusted PB Ratio is 0.01 as of Jul. 03, 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 Mesa Air Group (MESA) Overvalued in 2026?
Based on GuruFocus' analysis, Mesa Air Group stock appears to be undervalued.
The current stock price of $1.40 is trading 89.9% below its estimated GF Value™ of $13.88.
Key valuation signals for MESA:
Cyclically Adjusted PB Ratio: 0.01 (97% below median its 10-year median of 0.32)
GF Value™: $13.88 vs. price of $1.40 (89.9% below fair value)
Industry Position: 99.2% below the Transportation median
No single metric tells the full story. See the MESA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides services to the District of Columbia, Canada, Cuba, and Mexico, and cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles, and other regions.
55GF Score
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