Darling Ingredients (MEX:DAR) Cyclically Adjusted PB Ratio: 2.49 (As of Sep. 03, 2026) — 17% 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.

MEX:DAR Darling Ingredients Inc MEX:DAR
53 GF Score
Price MXN1,183.56
GF Value MXN740.21
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Darling Ingredients Cyclically Adjusted PB Ratio?

Darling Ingredients MEX:DAR 53 Cyclically Adjusted PB Ratio is 2.49 as of Sep. 03, 2026, which is 17% above its 10-year median of 2.13. GuruFocus rates MEX:DAR with a GF Score™ of 53/100 and a GF Value™ of MXN740.21 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,266 Consumer Packaged Goods companies, Darling Ingredients ranks worse than 77.88% on this metric.

As of today (2026-09-03), Darling Ingredients's current share price is MXN1183.56. Darling Ingredients's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN474.77. Darling Ingredients's Cyclically Adjusted PB Ratio for today is 2.49.

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

MEX:DAR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.33   Med: 2.13   Max: 6.16
Current: 2.82

During the past years, Darling Ingredients's highest Cyclically Adjusted PB Ratio was 6.16. The lowest was 1.33. And the median was 2.13.

MEX:DAR's Cyclically Adjusted PB Ratio is ranked worse than
77.88% of 1266 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs MEX:DAR: 2.82

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.

Darling Ingredients's adjusted book value per share data for the three months ended in Jun. 2026 was MXN580.048. 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 MXN474.77 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Darling Ingredients  (MEX:DAR) 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.


Darling Ingredients Cyclically Adjusted PB Ratio Related Terms


Darling Ingredients Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Darling Ingredients'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.

Darling Ingredients Cyclically Adjusted PB Ratio Chart

Darling Ingredients 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 4.70 3.72 2.65 1.64 1.60

Darling Ingredients 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 1.75 1.39 1.60 2.66 2.28

MEX:DAR vs SFD, HRL, CAG: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Darling Ingredients'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.


Darling Ingredients Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Darling Ingredients's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:DAR
53GF Score
Darling Ingredients Inc MEX:DAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Darling Ingredients 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.

Darling Ingredients's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1183.56/474.77
=2.49

* 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.

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

For example, Darling Ingredients'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)
=580.048/333.9520*333.9520
=580.048

Current CPI (Jun. 2026) = 333.9520.

Darling Ingredients Quarterly Data

Book Value per Share CPI Adj_Book
201609 233.035 241.428 322.342
201612 247.108 241.432 341.803
201703 228.640 243.801 313.185
201706 226.620 244.955 308.956
201709 233.951 246.819 316.541
201712 267.771 246.524 362.734
201803 260.999 249.554 349.268
201806 270.110 251.989 357.967
201809 256.103 252.439 338.799
201812 271.050 251.233 360.294
201903 269.694 254.202 354.304
201906 273.172 256.143 356.154
201909 277.692 256.759 361.178
201912 295.475 256.974 383.986
202003 368.480 258.115 476.743
202006 375.304 257.797 486.171
202009 378.107 260.280 485.130
202012 354.660 260.474 454.707
202103 371.673 264.877 468.598
202106 383.079 271.696 470.857
202109 407.420 274.310 496.004
202112 418.588 278.802 501.389
202203 422.285 287.504 490.508
202206 436.909 296.311 492.410
202209 449.340 296.808 505.573
202212 464.216 296.797 522.330
202303 455.531 301.836 504.000
202306 469.550 305.109 513.938
202309 478.319 307.789 518.978
202312 490.013 306.746 533.473
202403 477.086 312.332 510.110
202406 514.049 314.175 546.408
202409 563.483 315.301 596.815
202412 574.600 315.605 608.003
202503 575.425 319.799 600.891
202506 549.102 322.561 568.493
202509 543.747 324.800 559.068
202512 539.160 324.054 555.628
202603 553.298 330.213 559.563
202606 580.048 333.952 580.048

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 2.49 mean?
Darling Ingredients (MEX:DAR) has a Cyclically Adjusted PB Ratio of 2.49 as of Sep. 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 Darling Ingredients and its competitors. This is 17% above median its historical median of 2.13. Over the past decade, Darling Ingredients' Cyclically Adjusted PB Ratio has ranged from 1.33 to 6.16. According to the industry distribution chart, Darling Ingredients ranks #986 out of 1266 companies in the Consumer Packaged Goods industry, placing it in the top 77.9%.
Is Darling Ingredients' Cyclically Adjusted PB Ratio too high?
Darling Ingredients' current Cyclically Adjusted PB Ratio of 2.49 is 17% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 6.16. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Darling Ingredients' value of 2.49 is 96.1% above this industry median. Based on the distribution chart, Darling Ingredients ranks #986 out of 1266 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Darling Ingredients has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Darling Ingredients' Cyclically Adjusted PB Ratio compare to SFD and HRL?
According to the Consumer Packaged Goods industry distribution chart, Darling Ingredients ranks #986 out of 1266 companies for Cyclically Adjusted PB Ratio. This places Darling Ingredients in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Darling Ingredients' value of 2.49 is 96.1% above this benchmark. Historically, Darling Ingredients' own Cyclically Adjusted PB Ratio has ranged from 1.33 to 6.16 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 1.27, Darling Ingredients has consistently been above 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,266 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. Darling Ingredients's current Cyclically Adjusted PB Ratio of 2.49 is 96.1% above 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 Darling Ingredients and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Darling Ingredients's current Cyclically Adjusted PB Ratio is 2.49, which is 17% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Darling Ingredients stock overvalued right now?
Based on GuruFocus' analysis, Darling Ingredients (MEX:DAR) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN740.21, compared to a current price of MXN1,183.56 — trading 59.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.49, which is 17% above median its 10-year median of 2.13 and 96.1% above the Consumer Packaged Goods industry median of 1.27. Darling Ingredients' overall GF Score™ is 53/100 with 9 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 Darling Ingredients (MEX:DAR), the current Cyclically Adjusted PB Ratio is 2.49 as of Sep. 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 Darling Ingredients (MEX:DAR) Overvalued in 2026?

Based on GuruFocus' analysis, Darling Ingredients stock appears to be overvalued. The current stock price of MXN1,183.56 is trading 59.9% above its estimated GF Value™ of MXN740.21. GuruFocus considers Darling Ingredients to be Significantly Overvalued.

Key valuation signals for MEX:DAR:

  • Cyclically Adjusted PB Ratio: 2.49 (17% above median its 10-year median of 2.13)
  • GF Value™: MXN740.21 vs. price of MXN1,183.56 (59.9% above fair value)
  • GF Score™: 53/100 with 9 warning signs
  • Industry Position: 96.1% above the Consumer Packaged Goods median (#986 of 1266)

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


Darling Ingredients Business Description

Address 5601 North MacArthur Boulevard, Irving, TX, USA, 75038
Darling Ingredients Inc develops and produces sustainable natural ingredients from edible and inedible bio-nutrients for the pharmaceutical, food, pet food, animal feed, industrial, fuel, bioenergy, and fertilizer industries. The Company collects and processes animal by-products and recycled oils into ingredients. It operates through three reportable segments: Feed Ingredients, which generates maximum revenue and includes the collection and processing of animal by-products, used cooking oil, bakery residuals, pet food ingredients, hides, and fertilizers; Food Ingredients, which includes collagen, natural casings, and food-grade fats; and Fuel Ingredients, which includes renewable fuels, biogas, and energy products. The Company derives the majority of its revenue from North America.
53GF Score

Get the complete analysis for MEX:DAR

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

MXN1,183.56
Price
MXN740.21
GF Value