Lamb Weston Holdings (MEX:LW) Cyclically Adjusted PB Ratio: 9.33 (As of Sep. 18, 2026) — 35% Below Median

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:LW Lamb Weston Holdings Inc MEX:LW
70 GF Score
Price MXN824.00
GF Value MXN1,239.16
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Lamb Weston Holdings Cyclically Adjusted PB Ratio?

Lamb Weston Holdings MEX:LW 70 Cyclically Adjusted PB Ratio is 9.33 as of Sep. 18, 2026, which is 35% below its 10-year median of 14.27. GuruFocus rates MEX:LW with a GF Score™ of 70/100 and a GF Value™ of MXN1,239.16 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Lamb Weston Holdings ranks worse than 97% on this metric.

As of today (2026-09-18), Lamb Weston Holdings's current share price is MXN824.00. Lamb Weston Holdings's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was MXN88.33. Lamb Weston Holdings's Cyclically Adjusted PB Ratio for today is 9.33.

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

MEX:LW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.86   Med: 14.27   Max: 17.61
Current: 11.66

During the past years, Lamb Weston Holdings's highest Cyclically Adjusted PB Ratio was 17.61. The lowest was 9.86. And the median was 14.27.

MEX:LW's Cyclically Adjusted PB Ratio is ranked worse than
97% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs MEX:LW: 11.66

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.

Lamb Weston Holdings's adjusted book value per share data for the three months ended in May. 2026 was MXN230.224. 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 MXN88.33 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lamb Weston Holdings  (MEX:LW) 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.


Lamb Weston Holdings Cyclically Adjusted PB Ratio Related Terms


Lamb Weston Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lamb Weston Holdings'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.

Lamb Weston Holdings Cyclically Adjusted PB Ratio Chart

Lamb Weston Holdings Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.16 22.86 20.42 11.52 8.87

Lamb Weston Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 13.39 12.92 12.36 10.09 9.32

MEX:LW vs PPC, CAG, CPB: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Lamb Weston Holdings'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.


Lamb Weston Holdings Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lamb Weston Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:LW
70GF Score
Lamb Weston Holdings Inc MEX:LW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lamb Weston Holdings 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.

Lamb Weston Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=824.00/88.33
=9.33

* 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.

Lamb Weston Holdings's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Lamb Weston Holdings's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=230.224/335.1230*335.1230
=230.224

Current CPI (May. 2026) = 335.1230.

Lamb Weston Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201608 189.051 240.849 263.050
201611 -99.330 241.353 -137.921
201702 -89.093 243.603 -122.565
201705 -76.361 244.733 -104.564
201708 -63.588 245.519 -86.795
201711 -60.435 246.669 -82.107
201802 -43.558 248.991 -58.626
201805 -38.183 251.588 -50.861
201808 -24.572 252.146 -32.658
201811 -23.208 252.038 -30.859
201902 -7.398 252.776 -9.808
201905 -0.618 256.092 -0.809
201908 12.681 256.558 16.564
201911 26.866 257.208 35.004
202002 36.655 258.678 47.487
202005 36.368 256.394 47.535
202008 49.285 259.918 63.545
202011 55.891 260.229 71.976
202102 64.008 263.014 81.557
202105 65.448 269.195 81.477
202108 58.639 273.567 71.834
202111 54.049 277.948 65.167
202202 55.493 283.716 65.548
202205 49.326 292.296 56.553
202208 71.314 296.171 80.693
202211 74.839 297.711 84.244
202302 91.120 300.840 101.504
202305 172.053 304.127 189.588
202308 174.558 307.026 190.532
202311 200.670 307.051 219.016
202402 207.813 310.326 224.419
202405 212.215 314.069 226.441
202408 253.031 314.796 269.370
202411 231.904 315.493 246.333
202502 237.658 319.082 249.606
202505 242.189 321.465 252.479
202508 239.494 323.976 247.734
202511 231.472 324.122 239.328
202602 226.199 326.785 231.971
202605 230.224 335.123 230.224

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 9.33 mean?
Lamb Weston Holdings (MEX:LW) has a Cyclically Adjusted PB Ratio of 9.33 as of Sep. 18, 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 Lamb Weston Holdings and its competitors. This is 35% below median its historical median of 14.27. Over the past decade, Lamb Weston Holdings' Cyclically Adjusted PB Ratio has ranged from 9.86 to 17.61. According to the industry distribution chart, Lamb Weston Holdings ranks #1230 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 97%.
Is Lamb Weston Holdings' Cyclically Adjusted PB Ratio too high?
Lamb Weston Holdings' current Cyclically Adjusted PB Ratio of 9.33 is 35% below median its 10-year median of 14.27. Over the past 10 years, this metric has ranged from a low of 9.86 to a high of 17.61. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Lamb Weston Holdings' value of 9.33 is 649.4% above this industry median. Based on the distribution chart, Lamb Weston Holdings ranks #1230 out of 1268 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Lamb Weston Holdings has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lamb Weston Holdings' Cyclically Adjusted PB Ratio compare to PPC and CAG?
According to the Consumer Packaged Goods industry distribution chart, Lamb Weston Holdings ranks #1230 out of 1268 companies for Cyclically Adjusted PB Ratio. This places Lamb Weston Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Lamb Weston Holdings' value of 9.33 is 649.4% above this benchmark. Historically, Lamb Weston Holdings' own Cyclically Adjusted PB Ratio has ranged from 9.86 to 17.61 over the past decade. While the company's 10-year median is 14.27 vs. the industry median of 1.25, Lamb Weston Holdings 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,268 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. Lamb Weston Holdings's current Cyclically Adjusted PB Ratio of 9.33 is 649.4% 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 Lamb Weston Holdings and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lamb Weston Holdings's current Cyclically Adjusted PB Ratio is 9.33, which is 35% below median its own 10-year median of 14.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lamb Weston Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lamb Weston Holdings (MEX:LW) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,239.16, compared to a current price of MXN824.00 — trading 33.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.33, which is 35% below median its 10-year median of 14.27 and 649.4% above the Consumer Packaged Goods industry median of 1.25. Lamb Weston Holdings' overall GF Score™ is 70/100 with 5 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 Lamb Weston Holdings (MEX:LW), the current Cyclically Adjusted PB Ratio is 9.33 as of Sep. 18, 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 Lamb Weston Holdings (MEX:LW) Overvalued in 2026?

Based on GuruFocus' analysis, Lamb Weston Holdings stock appears to be undervalued. The current stock price of MXN824.00 is trading 33.5% below its estimated GF Value™ of MXN1,239.16. GuruFocus considers Lamb Weston Holdings to be Significantly Undervalued.

Key valuation signals for MEX:LW:

  • Cyclically Adjusted PB Ratio: 9.33 (35% below median its 10-year median of 14.27)
  • GF Value™: MXN1,239.16 vs. price of MXN824.00 (33.5% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 649.4% above the Consumer Packaged Goods median (#1230 of 1268)

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


Lamb Weston Holdings Business Description

Other Exchanges LW:USA0L5:Germany
Address 599 S. Rivershore Lane, Eagle, ID, USA, 83616
Lamb Weston is North America's largest and the world's second-largest producer of branded and private-label frozen potato products, both by volume and value. The company's portfolio is anchored by french fries, but it also sells sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. Roughly two thirds of revenue comes from its home market of North America, with none of the other 100 countries the company sells into representing a significant share. McDonald's is Lamb Weston's single-largest customer at 15% of fiscal 2025 sales, with no other company representing more than 10%. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.
70GF Score

Get the complete analysis for MEX:LW

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

MXN824.00
Price
MXN1,239.16
GF Value