Fomento Economico MexicanoB de CV (MEX:FEMSAUBD) Cyclically Adjusted PB Ratio: 2.47 (As of Jul. 29, 2026) — Near Median

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MEX:FEMSAUBD Fomento Economico Mexicano SAB de CV MEX:FEMSAUBD
90 GF Score
Price MXN222.17
GF Value MXN231.36
Valuation Fairly Valued
! 7 Warning Signs
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What is Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio?

Fomento Economico MexicanoB de CV MEX:FEMSAUBD -3.48% 90 Cyclically Adjusted PB Ratio is 2.47 as of Jul. 29, 2026, which is 2% above its 10-year median of 2.43. GuruFocus rates MEX:FEMSAUBD with a GF Score™ of 90/100 and a GF Value™ of MXN231.36 (Fairly Valued). The stock has 7 warning signs investors should review. Among 168 Beverages - Alcoholic companies, Fomento Economico MexicanoB de CV ranks worse than 70.24% on this metric.

As of today (2026-07-29), Fomento Economico MexicanoB de CV's current share price is MXN222.17. Fomento Economico MexicanoB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN89.95. Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio for today is 2.47.

The historical rank and industry rank for Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:FEMSAUBD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.65   Med: 2.43   Max: 4.73
Current: 2.47

During the past years, Fomento Economico MexicanoB de CV's highest Cyclically Adjusted PB Ratio was 4.73. The lowest was 1.65. And the median was 2.43.

MEX:FEMSAUBD's Cyclically Adjusted PB Ratio is ranked worse than
70.24% of 168 companies
in the Beverages - Alcoholic industry
Industry Median: 1.46 vs MEX:FEMSAUBD: 2.47

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.

Fomento Economico MexicanoB de CV's adjusted book value per share data for the three months ended in Mar. 2026 was MXN60.499. 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 MXN89.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fomento Economico MexicanoB de CV  (MEX:FEMSAUBD) 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.


Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio Related Terms


Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio Chart

Fomento Economico MexicanoB de CV 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 2.23 2.00 2.72 2.07 2.05

Fomento Economico MexicanoB de CV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.29 2.20 2.05 2.05 2.21

MEX:FEMSAUBD vs STZ, TAP: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.


Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio falls into.


MEX:FEMSAUBD
90GF Score
Fomento Economico Mexicano SAB de CV MEX:FEMSAUBD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fomento Economico MexicanoB de CV 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.

Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=222.17/89.95
=2.47

* 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.

Fomento Economico MexicanoB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Fomento Economico MexicanoB de CV's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=60.499/166.0400*166.0400
=60.499

Current CPI (Mar. 2026) = 166.0400.

Fomento Economico MexicanoB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201606 55.122 101.905 89.814
201609 57.995 103.084 93.414
201612 59.220 105.002 93.645
201703 56.226 108.063 86.392
201706 56.066 108.339 85.927
201709 66.774 109.628 101.135
201712 69.948 112.114 103.593
201803 63.128 113.505 92.347
201806 66.539 113.373 97.450
201809 66.035 115.130 95.235
201812 71.838 117.530 101.489
201903 67.953 118.050 95.578
201906 70.771 117.848 99.712
201909 72.230 118.581 101.138
201912 70.423 120.854 96.753
202003 76.594 121.885 104.341
202006 69.799 121.777 95.169
202009 68.633 123.341 92.393
202012 66.442 124.661 88.496
202103 64.384 127.574 83.797
202106 66.034 128.936 85.037
202109 71.466 130.742 90.761
202112 73.389 133.830 91.052
202203 73.242 137.082 88.714
202206 69.399 139.233 82.761
202209 72.092 142.116 84.228
202212 73.389 144.291 84.451
202303 79.912 146.472 90.588
202306 80.071 146.272 90.892
202309 84.037 148.446 93.997
202312 84.919 151.017 93.367
202403 76.259 152.947 82.787
202406 81.256 153.551 87.865
202409 87.247 155.246 93.313
202412 85.735 157.378 90.454
202503 88.802 158.761 92.874
202506 69.573 160.180 72.118
202509 70.262 161.030 72.448
202512 70.599 163.190 71.832
202603 60.499 166.040 60.499

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 2.47 mean?
Fomento Economico MexicanoB de CV (MEX:FEMSAUBD) has a Cyclically Adjusted PB Ratio of 2.47 as of Jul. 29, 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 Fomento Economico MexicanoB de CV and its competitors. This is near median its historical median of 2.43. Over the past decade, Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio has ranged from 1.65 to 4.73. According to the industry distribution chart, Fomento Economico MexicanoB de CV ranks #118 out of 168 companies in the Beverages - Alcoholic industry, placing it in the top 70.2%.
Is Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio too high?
Fomento Economico MexicanoB de CV's current Cyclically Adjusted PB Ratio of 2.47 is near median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 4.73. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.46. Fomento Economico MexicanoB de CV's value of 2.47 is 69.2% above this industry median. Based on the distribution chart, Fomento Economico MexicanoB de CV ranks #118 out of 168 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Fomento Economico MexicanoB de CV has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Fomento Economico MexicanoB de CV ranks #118 out of 168 companies for Cyclically Adjusted PB Ratio. This places Fomento Economico MexicanoB de CV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.46. Fomento Economico MexicanoB de CV's value of 2.47 is 69.2% above this benchmark. Historically, Fomento Economico MexicanoB de CV's own Cyclically Adjusted PB Ratio has ranged from 1.65 to 4.73 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.46, Fomento Economico MexicanoB de CV 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.46, based on 168 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. Fomento Economico MexicanoB de CV's current Cyclically Adjusted PB Ratio of 2.47 is 69.2% 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 Fomento Economico MexicanoB de CV and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomento Economico MexicanoB de CV's current Cyclically Adjusted PB Ratio is 2.47, which is near median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomento Economico MexicanoB de CV stock overvalued right now?
Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV (MEX:FEMSAUBD) is currently considered Fairly Valued. The stock's GF Value™ is MXN231.36, compared to a current price of MXN222.17 — trading 4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.47, which is near median its 10-year median of 2.43 and 69.2% above the Beverages - Alcoholic industry median of 1.46. Fomento Economico MexicanoB de CV's overall GF Score™ is 90/100 with 7 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 Fomento Economico MexicanoB de CV (MEX:FEMSAUBD), the current Cyclically Adjusted PB Ratio is 2.47 as of Jul. 29, 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 Fomento Economico MexicanoB de CV (MEX:FEMSAUBD) Overvalued in 2026?

Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV stock appears to be undervalued. The current stock price of MXN222.17 is trading 4% below its estimated GF Value™ of MXN231.36. GuruFocus considers Fomento Economico MexicanoB de CV to be Fairly Valued.

Key valuation signals for MEX:FEMSAUBD:

  • Cyclically Adjusted PB Ratio: 2.47 (near median its 10-year median of 2.43)
  • GF Value™: MXN231.36 vs. price of MXN222.17 (4% below fair value)
  • GF Score™: 90/100 with 7 warning signs
  • Industry Position: 69.2% above the Beverages - Alcoholic median (#118 of 168)

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


Fomento Economico MexicanoB de CV Business Description

Address General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up over 70% of total company revenue and over 90% of profits in 2025.
90GF Score

Get the complete analysis for MEX:FEMSAUBD

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

MXN222.17
Price
MXN231.36
GF Value