Manchester United (MEX:MANUN) Cyclically Adjusted PB Ratio: 7.41 (As of Aug. 19, 2026) — 63% Above Median

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MEX:MANUN Manchester United PLC MEX:MANUN
51 GF Score
Price MXN392.65
GF Value MXN298.79
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Manchester United Cyclically Adjusted PB Ratio?

Manchester United MEX:MANUN 51 Cyclically Adjusted PB Ratio is 7.41 as of Aug. 19, 2026, which is 63% above its 10-year median of 4.54. GuruFocus rates MEX:MANUN with a GF Score™ of 51/100 and a GF Value™ of MXN298.79 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 687 Media - Diversified companies, Manchester United ranks worse than 95.63% on this metric.

As of today (2026-08-19), Manchester United's current share price is MXN392.65. Manchester United's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN52.97. Manchester United's Cyclically Adjusted PB Ratio for today is 7.41.

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

MEX:MANUN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.57   Med: 4.54   Max: 8.01
Current: 7.78

During the past years, Manchester United's highest Cyclically Adjusted PB Ratio was 8.01. The lowest was 2.57. And the median was 4.54.

MEX:MANUN's Cyclically Adjusted PB Ratio is ranked worse than
95.63% of 687 companies
in the Media - Diversified industry
Industry Median: 0.98 vs MEX:MANUN: 7.78

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.

Manchester United's adjusted book value per share data for the three months ended in Mar. 2026 was MXN25.016. 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 MXN52.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manchester United  (MEX:MANUN) 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.


Manchester United Cyclically Adjusted PB Ratio Related Terms


Manchester United Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Manchester United'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.

Manchester United Cyclically Adjusted PB Ratio Chart

Manchester United 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 3.76 2.66 5.94 4.41 5.38

Manchester United 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 3.88 5.38 4.72 5.11 5.57

MEX:MANUN vs LION, CNK, MSGE: Cyclically Adjusted PB Ratio Comparison

For the Entertainment subindustry, Manchester United'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.


Manchester United Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manchester United's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:MANUN
51GF Score
Manchester United PLC MEX:MANUN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manchester United 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.

Manchester United's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=392.65/52.97
=7.41

* 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.

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

For example, Manchester United'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)
=25.016/140.8000*140.8000
=25.016

Current CPI (Mar. 2026) = 140.8000.

Manchester United Quarterly Data

Book Value per Share CPI Adj_Book
201606 73.395 101.000 102.317
201609 70.523 101.500 97.829
201612 73.387 102.200 101.105
201703 64.881 102.700 88.951
201706 67.672 103.500 92.060
201709 72.743 104.300 98.200
201712 74.588 105.000 100.019
201803 72.093 105.100 96.581
201806 67.832 105.900 90.186
201809 64.269 106.600 84.888
201812 68.396 107.100 89.917
201903 70.494 107.000 92.762
201906 61.423 107.900 80.152
201909 60.968 108.400 79.191
201912 69.240 108.500 89.852
202003 73.012 108.600 94.660
202006 62.273 108.800 80.589
202009 59.597 109.200 76.843
202012 66.551 109.400 85.652
202103 65.367 109.700 83.899
202106 46.678 111.400 58.997
202109 42.742 112.400 53.542
202112 41.294 114.700 50.690
202203 34.036 116.500 41.135
202206 19.374 120.500 22.638
202209 14.142 122.300 16.281
202212 15.820 125.300 17.777
202303 13.877 126.800 15.409
202306 13.791 129.400 15.006
202309 9.511 130.100 10.293
202312 12.652 130.500 13.651
202403 22.831 131.600 24.427
202406 19.945 133.000 21.115
202409 22.794 133.500 24.040
202412 30.391 135.100 31.673
202503 30.275 136.100 31.320
202506 28.705 138.400 29.203
202509 26.788 138.900 27.154
202512 26.663 139.900 26.835
202603 25.016 140.800 25.016

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 7.41 mean?
Manchester United (MEX:MANUN) has a Cyclically Adjusted PB Ratio of 7.41 as of Aug. 19, 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 Manchester United and its competitors. This is 63% above median its historical median of 4.54. Over the past decade, Manchester United's Cyclically Adjusted PB Ratio has ranged from 2.57 to 8.01. According to the industry distribution chart, Manchester United ranks #657 out of 687 companies in the Media - Diversified industry, placing it in the top 95.6%.
Is Manchester United's Cyclically Adjusted PB Ratio too high?
Manchester United's current Cyclically Adjusted PB Ratio of 7.41 is 63% above median its 10-year median of 4.54. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 8.01. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.98. Manchester United's value of 7.41 is 656.1% above this industry median. Based on the distribution chart, Manchester United ranks #657 out of 687 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Manchester United has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manchester United's Cyclically Adjusted PB Ratio compare to LION and CNK?
According to the Media - Diversified industry distribution chart, Manchester United ranks #657 out of 687 companies for Cyclically Adjusted PB Ratio. This places Manchester United in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Manchester United's value of 7.41 is 656.1% above this benchmark. Historically, Manchester United's own Cyclically Adjusted PB Ratio has ranged from 2.57 to 8.01 over the past decade. While the company's 10-year median is 4.54 vs. the industry median of 0.98, Manchester United 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.98, based on 687 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. Manchester United's current Cyclically Adjusted PB Ratio of 7.41 is 656.1% 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 Manchester United and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manchester United's current Cyclically Adjusted PB Ratio is 7.41, which is 63% above median its own 10-year median of 4.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester United stock overvalued right now?
Based on GuruFocus' analysis, Manchester United (MEX:MANUN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN298.79, compared to a current price of MXN392.65 — trading 31.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.41, which is 63% above median its 10-year median of 4.54 and 656.1% above the Media - Diversified industry median of 0.98. Manchester United's overall GF Score™ is 51/100 with 10 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 Manchester United (MEX:MANUN), the current Cyclically Adjusted PB Ratio is 7.41 as of Aug. 19, 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 Manchester United (MEX:MANUN) Overvalued in 2026?

Based on GuruFocus' analysis, Manchester United stock appears to be overvalued. The current stock price of MXN392.65 is trading 31.4% above its estimated GF Value™ of MXN298.79. GuruFocus considers Manchester United to be Significantly Overvalued.

Key valuation signals for MEX:MANUN:

  • Cyclically Adjusted PB Ratio: 7.41 (63% above median its 10-year median of 4.54)
  • GF Value™: MXN298.79 vs. price of MXN392.65 (31.4% above fair value)
  • GF Score™: 51/100 with 10 warning signs
  • Industry Position: 656.1% above the Media - Diversified median (#657 of 687)

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


Manchester United Business Description

Other Exchanges MANU:USA0Z1Q:UKMUF:Germany
Address Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates as a professional football club with related activities, generating revenue prominently through commercial, broadcasting, and matchday segments. The commercial segment monetizes the various brands via sponsorships, retail, merchandising, apparel, and product licensing. Broadcasting revenue comes from television rights linked to football leagues and competitions, alongside content delivered through its dedicated TV channel all over the globe. Matchday income includes ticket sales, hospitality, merchandise, and services at its stadium. Manchester United is based in England. The company's operations and fan base extends to many countries, supporting a diversified revenue model based on brand engagement and football-related content.
51GF Score

Get the complete analysis for MEX:MANUN

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

MXN392.65
Price
MXN298.79
GF Value