Empire Co (MEX:EMPA1N) Cyclically Adjusted PB Ratio: 2.31 (As of Aug. 10, 2026) — 24% Above Median

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MEX:EMPA1N Empire Co Ltd MEX:EMPA1N
80 GF Score
Price MXN763.40
GF Value MXN734.09
! 3 Warning Signs
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What is Empire Co Cyclically Adjusted PB Ratio?

Empire Co MEX:EMPA1N 80 Cyclically Adjusted PB Ratio is 2.31 as of Aug. 10, 2026, which is 24% above its 10-year median of 1.87. GuruFocus rates MEX:EMPA1N with a GF Score™ of 80/100 and a GF Value™ of MXN734.09. The stock has 3 warning signs investors should review. Among 231 Retail - Defensive companies, Empire Co ranks worse than 61.47% on this metric.

As of today (2026-08-10), Empire Co's current share price is MXN763.40. Empire Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was MXN330.31. Empire Co's Cyclically Adjusted PB Ratio for today is 2.31.

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

MEX:EMPA1N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.87   Max: 2.89
Current: 2.43

During the past years, Empire Co's highest Cyclically Adjusted PB Ratio was 2.89. The lowest was 0.86. And the median was 1.87.

MEX:EMPA1N's Cyclically Adjusted PB Ratio is ranked worse than
61.47% of 231 companies
in the Retail - Defensive industry
Industry Median: 1.64 vs MEX:EMPA1N: 2.43

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.

Empire Co's adjusted book value per share data for the three months ended in Apr. 2026 was MXN283.069. 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 MXN330.31 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Empire Co  (MEX:EMPA1N) 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.


Empire Co Cyclically Adjusted PB Ratio Related Terms


Empire Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Empire Co'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.

Empire Co Cyclically Adjusted PB Ratio Chart

Empire Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.23 1.85 1.62 2.60 2.31

Empire Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.60 2.79 2.42 2.26 2.31

MEX:EMPA1N vs KR, SFM, ACI: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, Empire Co'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.


Empire Co Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Empire Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:EMPA1N
80GF Score
Empire Co Ltd MEX:EMPA1N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Empire Co 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.

Empire Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=763.40/330.31
=2.31

* 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.

Empire Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Empire Co's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=283.069/132.7364*132.7364
=283.069

Current CPI (Apr. 2026) = 132.7364.

Empire Co Quarterly Data

Book Value per Share CPI Adj_Book
201607 193.741 101.844 252.510
201610 190.151 102.002 247.447
201701 214.149 102.318 277.815
201704 189.013 103.029 243.514
201707 190.812 103.029 245.831
201710 203.342 103.424 260.974
201801 202.221 104.056 257.959
201804 200.939 105.320 253.246
201807 196.839 106.110 246.232
201810 220.700 105.952 276.492
201901 203.552 105.557 255.964
201904 209.125 107.453 258.331
201907 193.195 108.243 236.911
201910 200.406 107.927 246.473
202001 202.251 108.085 248.379
202004 248.934 107.216 308.187
202007 248.789 108.401 304.640
202010 251.005 108.638 306.683
202101 254.959 109.192 309.936
202104 265.908 110.851 318.407
202107 273.721 112.431 323.156
202110 293.517 113.695 342.675
202201 297.908 114.801 344.450
202204 306.376 118.357 343.599
202207 304.652 120.964 334.301
202210 289.381 121.517 316.099
202301 281.425 121.596 307.209
202304 273.898 123.571 294.213
202307 268.152 124.914 284.943
202310 285.278 125.310 302.186
202401 277.866 125.072 294.893
202404 275.386 126.890 288.075
202407 305.316 128.075 316.429
202410 332.091 127.838 344.816
202501 328.619 127.443 342.269
202504 325.940 129.102 335.116
202507 324.136 130.290 330.222
202510 316.715 130.603 321.888
202601 271.935 130.366 276.879
202604 283.069 132.736 283.069

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 2.31 mean?
Empire Co (MEX:EMPA1N) has a Cyclically Adjusted PB Ratio of 2.31 as of Aug. 10, 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 Empire Co and its competitors. This is 24% above median its historical median of 1.87. Over the past decade, Empire Co's Cyclically Adjusted PB Ratio has ranged from 0.86 to 2.89. According to the industry distribution chart, Empire Co ranks #142 out of 231 companies in the Retail - Defensive industry, placing it in the top 61.5%.
Is Empire Co's Cyclically Adjusted PB Ratio too high?
Empire Co's current Cyclically Adjusted PB Ratio of 2.31 is 24% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 2.89. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.64. Empire Co's value of 2.31 is 40.9% above this industry median. Based on the distribution chart, Empire Co ranks #142 out of 231 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Empire Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Empire Co's Cyclically Adjusted PB Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Empire Co ranks #142 out of 231 companies for Cyclically Adjusted PB Ratio. This places Empire Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Empire Co's value of 2.31 is 40.9% above this benchmark. Historically, Empire Co's own Cyclically Adjusted PB Ratio has ranged from 0.86 to 2.89 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.64, Empire Co 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.64, based on 231 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. Empire Co's current Cyclically Adjusted PB Ratio of 2.31 is 40.9% 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 Empire Co and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Co's current Cyclically Adjusted PB Ratio is 2.31, which is 24% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Co stock overvalued right now?
Empire Co (MEX:EMPA1N) has a current Cyclically Adjusted PB Ratio of 2.31. The stock's GF Value™ is MXN734.09, compared to a current price of MXN763.40 — trading 4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.31, which is 24% above median its 10-year median of 1.87 and 40.9% above the Retail - Defensive industry median of 1.64. Empire Co's overall GF Score™ is 80/100 with 3 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 Empire Co (MEX:EMPA1N), the current Cyclically Adjusted PB Ratio is 2.31 as of Aug. 10, 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 Empire Co (MEX:EMPA1N) Overvalued in 2026?

Based on GuruFocus' analysis, Empire Co stock appears to be overvalued. The current stock price of MXN763.40 is trading 4% above its estimated GF Value™ of MXN734.09.

Key valuation signals for MEX:EMPA1N:

  • Cyclically Adjusted PB Ratio: 2.31 (24% above median its 10-year median of 1.87)
  • GF Value™: MXN734.09 vs. price of MXN763.40 (4% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 40.9% above the Retail - Defensive median (#142 of 231)

No single metric tells the full story. See the MEX:EMPA1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Empire Co Business Description

Address 115 King Street, Stellarton, NS, CAN, B0K 1S0
Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Company's business operations were conducted through its two reportable segments: Food retailing and Investments and other operations. The Food retailing segment is comprised of three operating segments: Sobeys National, Farm Boy and Longo's. Food retailing consists of corporate and franchisee-owned retail food stores, and includes convenience and fuel stores, retail pharmacy stores and in-store pharmacies, as well as an e-commerce grocery-business, providing customers offerings in fresh and non-fresh grocery, fuel, pharmacy, health and beauty care and general merchandise. The Investments and other operations consists of investments in Crombie REIT, real estate partnership.
80GF Score

Get the complete analysis for MEX:EMPA1N

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

MXN763.40
Price
MXN734.09
GF Value