Chegg (MEX:CHGG) Cyclically Adjusted PB Ratio: 0.18 (As of Aug. 09, 2026) — 78% Below 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.

MEX:CHGG Chegg Inc MEX:CHGG
36 GF Score
Price MXN21.45
GF Value MXN16.63
! 5 Warning Signs
View Full Analysis

What is Chegg Cyclically Adjusted PB Ratio?

Chegg MEX:CHGG 36 Cyclically Adjusted PB Ratio is 0.18 as of Aug. 09, 2026, which is 78% below its 10-year median of 0.80. GuruFocus rates MEX:CHGG with a GF Score™ of 36/100 and a GF Value™ of MXN16.63. The stock has 5 warning signs investors should review. Among 160 Education companies, Chegg ranks better than 91.87% on this metric.

As of today (2026-08-09), Chegg's current share price is MXN21.45. Chegg's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN119.57. Chegg's Cyclically Adjusted PB Ratio for today is 0.18.

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

MEX:CHGG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.8   Max: 9.44
Current: 0.16

During the past years, Chegg's highest Cyclically Adjusted PB Ratio was 9.44. The lowest was 0.08. And the median was 0.80.

MEX:CHGG's Cyclically Adjusted PB Ratio is ranked better than
91.87% of 160 companies
in the Education industry
Industry Median: 1.16 vs MEX:CHGG: 0.16

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.

Chegg's adjusted book value per share data for the three months ended in Jun. 2026 was MXN18.575. 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 MXN119.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chegg  (MEX:CHGG) 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.


Chegg Cyclically Adjusted PB Ratio Related Terms


Chegg Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chegg'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.

Chegg Cyclically Adjusted PB Ratio Chart

Chegg 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 0.00 5.54 2.08 0.29 0.17

Chegg 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 0.21 0.27 0.17 0.13 0.18

MEX:CHGG vs COE, LGCY, SKIL: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Chegg'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.


Chegg Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Chegg's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:CHGG
36GF Score
Chegg Inc MEX:CHGG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chegg 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.

Chegg's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.45/119.57
=0.18

* 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.

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

For example, Chegg'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)
=18.575/333.9520*333.9520
=18.575

Current CPI (Jun. 2026) = 333.9520.

Chegg Quarterly Data

Book Value per Share CPI Adj_Book
201609 45.648 241.428 63.142
201612 49.894 241.432 69.014
201703 42.767 243.801 58.581
201706 41.949 244.955 57.190
201709 61.905 246.819 83.759
201712 70.032 246.524 94.868
201803 59.621 249.554 79.785
201806 67.266 251.989 89.145
201809 63.425 252.439 83.905
201812 69.808 251.233 92.792
201903 70.264 254.202 92.308
201906 73.975 256.143 96.447
201909 76.651 256.759 99.696
201912 77.378 256.974 100.557
202003 87.862 258.115 113.677
202006 92.679 257.797 120.057
202009 110.819 260.280 142.186
202012 93.757 260.474 120.205
202103 179.845 264.877 226.745
202106 184.149 271.696 226.345
202109 192.211 274.310 234.003
202112 165.805 278.802 198.603
202203 127.078 287.504 147.608
202206 130.378 296.311 146.940
202209 167.839 296.808 188.843
202212 172.122 296.797 193.669
202303 151.694 301.836 167.835
202306 154.057 305.109 168.621
202309 155.611 307.789 168.838
202312 155.938 306.746 169.768
202403 157.429 312.332 168.326
202406 64.783 314.175 68.861
202409 35.034 315.301 37.106
202412 38.375 315.605 40.606
202503 36.047 319.799 37.642
202506 27.567 322.561 28.541
202509 24.631 324.800 25.325
202512 19.407 324.054 20.000
202603 19.532 330.213 19.753
202606 18.575 333.952 18.575

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 0.18 mean?
Chegg (MEX:CHGG) has a Cyclically Adjusted PB Ratio of 0.18 as of Aug. 09, 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 Chegg and its competitors. This is 78% below median its historical median of 0.80. Over the past decade, Chegg's Cyclically Adjusted PB Ratio has ranged from 0.08 to 9.44. According to the industry distribution chart, Chegg ranks #13 out of 160 companies in the Education industry, placing it in the top 8.1%.
Is Chegg's Cyclically Adjusted PB Ratio too high?
Chegg's current Cyclically Adjusted PB Ratio of 0.18 is 78% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 9.44. The Education industry median Cyclically Adjusted PB Ratio is 1.16. Chegg's value of 0.18 is 84.5% below this industry median. Based on the distribution chart, Chegg ranks #13 out of 160 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Chegg has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Chegg's Cyclically Adjusted PB Ratio compare to COE and LGCY?
According to the Education industry distribution chart, Chegg ranks #13 out of 160 companies for Cyclically Adjusted PB Ratio. This places Chegg in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. Chegg's value of 0.18 is 84.5% below this benchmark. Historically, Chegg's own Cyclically Adjusted PB Ratio has ranged from 0.08 to 9.44 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.16, Chegg 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 Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.16, based on 160 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. Chegg's current Cyclically Adjusted PB Ratio of 0.18 is 84.5% 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 Chegg and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chegg's current Cyclically Adjusted PB Ratio is 0.18, which is 78% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chegg stock overvalued right now?
Chegg (MEX:CHGG) has a current Cyclically Adjusted PB Ratio of 0.18. The stock's GF Value™ is MXN16.63, compared to a current price of MXN21.45 — trading 29% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.18, which is 78% below median its 10-year median of 0.80 and 84.5% below the Education industry median of 1.16. Chegg's overall GF Score™ is 36/100 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 Chegg (MEX:CHGG), the current Cyclically Adjusted PB Ratio is 0.18 as of Aug. 09, 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 Chegg (MEX:CHGG) Overvalued in 2026?

Based on GuruFocus' analysis, Chegg stock appears to be overvalued. The current stock price of MXN21.45 is trading 29% above its estimated GF Value™ of MXN16.63.

Key valuation signals for MEX:CHGG:

  • Cyclically Adjusted PB Ratio: 0.18 (78% below median its 10-year median of 0.80)
  • GF Value™: MXN16.63 vs. price of MXN21.45 (29% above fair value)
  • GF Score™: 36/100 with 5 warning signs
  • Industry Position: 84.5% below the Education median (#13 of 160)

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


Chegg Business Description

Other Exchanges CHGG:USA0A4Z:UK0CG:Germany
Address 2261 Market Street, Suite 46218, Santa Clara, CA, USA, 95054
Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Chegg Skilling; and Academic Services, which derives maximum revenue. Geographically, it derives in United States and International.
36GF Score

Get the complete analysis for MEX:CHGG

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

MXN21.45
Price
MXN16.63
GF Value