Financiera IndependenciaB de CV Sofom E N R (MEX:FINDEP) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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:FINDEP Financiera Independencia SAB de CV Sofom E N R MEX:FINDEP
56 GF Score
Price MXN6.50
GF Value MXN8.37
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Financiera IndependenciaB de CV Sofom E N R Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Financiera IndependenciaB de CV Sofom E N R  (MEX:FINDEP) 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.


Financiera IndependenciaB de CV Sofom E N R Cyclically Adjusted PB Ratio Related Terms


Financiera IndependenciaB de CV Sofom E N R Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Financiera IndependenciaB de CV Sofom E N R'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.

Financiera IndependenciaB de CV Sofom E N R Cyclically Adjusted PB Ratio Chart

Financiera IndependenciaB de CV Sofom E N R 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 0.55 0.50 0.59 0.44 0.47

Financiera IndependenciaB de CV Sofom E N R 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 0.48 0.50 0.49 0.45 0.41

MEX:FINDEP vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, Financiera IndependenciaB de CV Sofom E N R'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.


Financiera IndependenciaB de CV Sofom E N R Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Financiera IndependenciaB de CV Sofom E N R's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Financiera IndependenciaB de CV Sofom E N R's Cyclically Adjusted PB Ratio falls into.


MEX:FINDEP
56GF Score
Financiera Independencia SAB de CV Sofom E N R MEX:FINDEP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Financiera IndependenciaB de CV Sofom E N R 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.

Financiera IndependenciaB de CV Sofom E N R's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Financiera IndependenciaB de CV Sofom E N R'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)
=18.628/165.5700*165.5700
=18.628

Current CPI (Jun. 2026) = 165.5700.

Financiera IndependenciaB de CV Sofom E N R Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.162 103.084 17.928
201612 12.431 105.002 19.602
201703 11.240 108.063 17.221
201706 11.295 108.339 17.262
201709 11.203 109.628 16.920
201712 13.140 112.114 19.405
201803 12.312 113.505 17.960
201806 12.848 113.373 18.763
201809 12.751 115.130 18.337
201812 13.604 117.530 19.165
201903 11.845 118.050 16.613
201906 13.660 117.848 19.192
201909 13.863 118.581 19.356
201912 13.861 120.854 18.990
202003 14.130 121.885 19.194
202006 13.760 121.777 18.708
202009 13.322 123.341 17.883
202012 13.052 124.661 17.335
202103 12.462 127.574 16.174
202106 12.875 128.936 16.533
202109 13.303 130.742 16.847
202112 14.408 133.830 17.825
202203 13.988 137.082 16.895
202206 14.493 139.233 17.234
202209 14.897 142.116 17.356
202212 15.563 144.291 17.858
202303 15.762 146.472 17.817
202306 16.236 146.272 18.378
202309 16.821 148.446 18.761
202312 17.060 151.017 18.704
202403 15.915 152.947 17.228
202406 16.759 153.551 18.071
202409 19.009 155.246 20.273
202412 21.381 157.378 22.494
202503 18.985 158.761 19.799
202506 15.390 160.180 15.908
202509 18.140 161.030 18.651
202512 18.732 163.190 19.005
202603 16.618 166.040 16.571
202606 18.628 165.570 18.628

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.

Is Financiera IndependenciaB de CV Sofom E N R (MEX:FINDEP) Overvalued in 2026?

Based on GuruFocus' analysis, Financiera IndependenciaB de CV Sofom E N R stock appears to be undervalued. The current stock price of MXN6.50 is trading 22.3% below its estimated GF Value™ of MXN8.37. GuruFocus considers Financiera IndependenciaB de CV Sofom E N R to be Modestly Undervalued.

Key valuation signals for MEX:FINDEP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN8.37 vs. price of MXN6.50 (22.3% below fair value)
  • GF Score™: 56/100 with 2 warning signs

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


Financiera IndependenciaB de CV Sofom E N R Business Description

Address Prolongacion Paseo de la Reforma No. 600, Int. 420, Col. Santa Fe Pena Blanca, Mexico DF, MEX, 01210
Financiera Independencia SAB de CV Sofom E N R operates as a microfinance company. The company offers Credipopular for self-employed individuals, CrediMama for mothers with a child, CrediInmediato for employed individuals.
56GF Score

Get the complete analysis for MEX:FINDEP

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

MXN6.50
Price
MXN8.37
GF Value