GrowGeneration (MEX:GRWG) Cyclically Adjusted PB Ratio: 0.52 (As of Sep. 01, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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MEX:GRWG GrowGeneration Corp MEX:GRWG
62 GF Score
Price MXN24.00
GF Value MXN23.70
! 4 Warning Signs
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What is GrowGeneration Cyclically Adjusted PB Ratio?

GrowGeneration MEX:GRWG 62 Cyclically Adjusted PB Ratio is 0.52 as of Sep. 01, 2026, which is 2% above its 10-year median of 0.51. GuruFocus rates MEX:GRWG with a GF Score™ of 62/100 and a GF Value™ of MXN23.70. The stock has 4 warning signs investors should review. Among 756 Retail - Cyclical companies, GrowGeneration ranks better than 73.94% on this metric.

As of today (2026-09-01), GrowGeneration's current share price is MXN24.00. GrowGeneration's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN46.38. GrowGeneration's Cyclically Adjusted PB Ratio for today is 0.52.

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

MEX:GRWG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.51   Max: 0.71
Current: 0.56

During the past years, GrowGeneration's highest Cyclically Adjusted PB Ratio was 0.71. The lowest was 0.32. And the median was 0.51.

MEX:GRWG's Cyclically Adjusted PB Ratio is ranked better than
73.94% of 756 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs MEX:GRWG: 0.56

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.

GrowGeneration's adjusted book value per share data for the three months ended in Jun. 2026 was MXN26.376. 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 MXN46.38 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GrowGeneration  (MEX:GRWG) 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.


GrowGeneration Cyclically Adjusted PB Ratio Related Terms


GrowGeneration Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GrowGeneration'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.

GrowGeneration Cyclically Adjusted PB Ratio Chart

GrowGeneration 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 0.00 0.00 0.00 0.00 0.54

GrowGeneration 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 0.34 0.68 0.54 0.39 0.52

MEX:GRWG vs BARK, NPT, ABLV: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, GrowGeneration'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.


GrowGeneration Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


MEX:GRWG
62GF Score
GrowGeneration Corp MEX:GRWG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GrowGeneration 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.

GrowGeneration's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.00/46.38
=0.52

* 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.

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

For example, GrowGeneration'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)
=26.376/333.9520*333.9520
=26.376

Current CPI (Jun. 2026) = 333.9520.

GrowGeneration Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.139 241.428 7.108
201612 6.247 241.432 8.641
201703 8.122 243.801 11.125
201706 9.122 244.955 12.436
201709 9.305 246.819 12.590
201712 8.835 246.524 11.968
201803 13.036 249.554 17.445
201806 20.201 251.989 26.772
201809 21.082 252.439 27.889
201812 21.117 251.233 28.070
201903 21.241 254.202 27.905
201906 25.857 256.143 33.712
201909 28.434 256.759 36.983
201912 27.009 256.974 35.100
202003 35.275 258.115 45.639
202006 37.444 257.797 48.505
202009 51.228 260.280 65.728
202012 110.334 260.474 141.458
202103 122.427 264.877 154.354
202106 121.602 271.696 149.466
202109 128.287 274.310 156.180
202112 127.095 278.802 152.236
202203 121.998 287.504 141.708
202206 78.352 296.311 88.305
202209 76.220 296.808 85.759
202212 69.150 296.797 77.807
202303 62.224 301.836 68.845
202306 57.816 305.109 63.282
202309 56.842 307.789 61.674
202312 47.870 306.746 52.116
202403 44.605 312.332 47.693
202406 47.605 314.175 50.602
202409 47.584 315.301 50.399
202412 42.163 315.605 44.614
202503 38.229 319.799 39.921
202506 33.619 322.561 34.806
202509 32.096 324.800 33.000
202512 29.215 324.054 30.107
202603 27.858 330.213 28.173
202606 26.376 333.952 26.376

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 0.52 mean?
GrowGeneration (MEX:GRWG) has a Cyclically Adjusted PB Ratio of 0.52 as of Sep. 01, 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 GrowGeneration and its competitors. This is near median its historical median of 0.51. Over the past decade, GrowGeneration's Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.71. According to the industry distribution chart, GrowGeneration ranks #197 out of 756 companies in the Retail - Cyclical industry, placing it in the top 26.1%.
Is GrowGeneration's Cyclically Adjusted PB Ratio too high?
GrowGeneration's current Cyclically Adjusted PB Ratio of 0.52 is near median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.71. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. GrowGeneration's value of 0.52 is 58.1% below this industry median. Based on the distribution chart, GrowGeneration ranks #197 out of 756 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, GrowGeneration has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does GrowGeneration's Cyclically Adjusted PB Ratio compare to BARK and NPT?
According to the Retail - Cyclical industry distribution chart, GrowGeneration ranks #197 out of 756 companies for Cyclically Adjusted PB Ratio. This puts GrowGeneration in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. GrowGeneration's value of 0.52 is 58.1% below this benchmark. Historically, GrowGeneration's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.71 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.24, GrowGeneration has consistently been below 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 - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 756 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. GrowGeneration's current Cyclically Adjusted PB Ratio of 0.52 is 58.1% below 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 GrowGeneration and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GrowGeneration's current Cyclically Adjusted PB Ratio is 0.52, which is near median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GrowGeneration stock overvalued right now?
GrowGeneration (MEX:GRWG) has a current Cyclically Adjusted PB Ratio of 0.52. The stock's GF Value™ is MXN23.70, compared to a current price of MXN24.00 — trading 1.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.52, which is near median its 10-year median of 0.51 and 58.1% below the Retail - Cyclical industry median of 1.24. GrowGeneration's overall GF Score™ is 62/100 with 4 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 GrowGeneration (MEX:GRWG), the current Cyclically Adjusted PB Ratio is 0.52 as of Sep. 01, 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 GrowGeneration (MEX:GRWG) Overvalued in 2026?

Based on GuruFocus' analysis, GrowGeneration stock appears to be overvalued. The current stock price of MXN24.00 is trading 1.3% above its estimated GF Value™ of MXN23.70.

Key valuation signals for MEX:GRWG:

  • Cyclically Adjusted PB Ratio: 0.52 (near median its 10-year median of 0.51)
  • GF Value™: MXN23.70 vs. price of MXN24.00 (1.3% above fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 58.1% below the Retail - Cyclical median (#197 of 756)

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


GrowGeneration Business Description

Other Exchanges GRWG:USA
Address 5619 DTC Parkway, Suite 900, Greenwood Village, CO, USA, 80111
GrowGeneration Corp owns and operates specialty retail stores focused on hydroponic and organic gardening. The company markets and distributes nutrients, growing media, indoor and greenhouse lighting, ventilation systems, and related accessories. It operates through two reportable segments: Cultivation and Gardening, which includes its hydroponic and organic gardening business, and Storage Solutions, which includes its benching, racking, and storage solutions operations. The company generates revenue mainly from the sale of proprietary and non-proprietary products through retail stores, e-commerce platforms, wholesale distribution, and commercial sales, along with the sale and installation of commercial fixtures.
62GF Score

Get the complete analysis for MEX:GRWG

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

MXN24.00
Price
MXN23.70
GF Value