Fabrinet (MEX:FNN) Cyclically Adjusted PB Ratio: (As of Aug. 09, 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:FNN Fabrinet MEX:FNN
67 GF Score
Price MXN8,684.88
GF Value MXN5,524.48
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Fabrinet Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fabrinet  (MEX:FNN) 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.


Fabrinet Cyclically Adjusted PB Ratio Related Terms


Fabrinet Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fabrinet'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.

Fabrinet Cyclically Adjusted PB Ratio Chart

Fabrinet Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.21 3.61 5.02 8.23 8.64

Fabrinet 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 6.00 8.64 10.32 12.55 13.70

MEX:FNN vs TTMI, SANM, LFUS: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Fabrinet'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.


Fabrinet Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Fabrinet's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:FNN
67GF Score
Fabrinet MEX:FNN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fabrinet 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.

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

For example, Fabrinet'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)
=1159.959/330.2130*330.2130
=1,159.959

Current CPI (Mar. 2026) = 330.2130.

Fabrinet Quarterly Data

Book Value per Share CPI Adj_Book
201606 283.581 241.018 388.528
201609 308.226 241.428 421.576
201612 346.054 241.432 473.307
201703 327.429 243.801 443.482
201706 329.945 244.955 444.784
201709 341.718 246.819 457.176
201712 380.226 246.524 509.304
201803 366.764 249.554 485.307
201806 399.591 251.989 523.635
201809 389.111 252.439 508.992
201812 427.097 251.233 561.363
201903 436.603 254.202 567.155
201906 450.008 256.143 580.139
201909 475.246 256.759 611.205
201912 472.940 256.974 607.730
202003 596.088 258.115 762.590
202006 612.378 257.797 784.397
202009 598.493 260.280 759.298
202012 559.575 260.474 709.395
202103 594.998 264.877 741.763
202106 602.362 271.696 732.097
202109 636.575 274.310 766.306
202112 665.104 278.802 787.749
202203 665.158 287.504 763.968
202206 692.197 296.311 771.394
202209 716.022 296.808 796.608
202212 737.477 296.797 820.509
202303 710.367 301.836 777.152
202306 695.847 305.109 753.100
202309 733.660 307.789 787.111
202312 753.561 306.746 811.211
202403 762.015 312.332 805.640
202406 884.831 314.175 930.000
202409 991.681 315.301 1,038.582
202412 1,068.243 315.605 1,117.687
202503 1,088.969 319.799 1,124.430
202506 1,044.445 322.561 1,069.222
202509 1,055.392 324.800 1,072.981
202512 1,098.169 324.054 1,119.041
202603 1,159.959 330.213 1,159.959

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 Fabrinet (MEX:FNN) Overvalued in 2026?

Based on GuruFocus' analysis, Fabrinet stock appears to be overvalued. The current stock price of MXN8,684.88 is trading 57.2% above its estimated GF Value™ of MXN5,524.48. GuruFocus considers Fabrinet to be Significantly Overvalued.

Key valuation signals for MEX:FNN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN5,524.48 vs. price of MXN8,684.88 (57.2% above fair value)
  • GF Score™: 67/100 with 3 warning signs

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


Fabrinet Business Description

Other Exchanges FN:USA1FN:ItalyFAN:Germany
Address C/o Intertrust Corporate Services (Cayman) Limited, One Nexus Way, Camana Bay, Grand Cayman, CYM, KY1-9005
Fabrinet provides advance-level optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company offers a broad range of advance optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advance-level of packaging, integration, final assembly, and testing. The company generates the majority of its revenue from North America and Asia-Pacific, with the rest from Europe.
67GF Score

Get the complete analysis for MEX:FNN

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

MXN8,684.88
Price
MXN5,524.48
GF Value