Snap (MEX:SNAP) Cyclically Adjusted PB Ratio: 2.47 (As of Aug. 27, 2026) — Near 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:SNAP Snap Inc MEX:SNAP
55 GF Score
Price MXN91.00
GF Value MXN198.62
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Snap Cyclically Adjusted PB Ratio?

Snap MEX:SNAP -8.81% 55 Cyclically Adjusted PB Ratio is 2.47 as of Aug. 27, 2026, which is 9% below its 10-year median of 2.71. GuruFocus rates MEX:SNAP with a GF Score™ of 55/100 and a GF Value™ of MXN198.62 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 340 Interactive Media companies, Snap ranks worse than 69.41% on this metric.

As of today (2026-08-27), Snap's current share price is MXN91.00. Snap's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN36.89. Snap's Cyclically Adjusted PB Ratio for today is 2.47.

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

MEX:SNAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.89   Med: 2.71   Max: 4.12
Current: 2.58

During the past years, Snap's highest Cyclically Adjusted PB Ratio was 4.12. The lowest was 1.89. And the median was 2.71.

MEX:SNAP's Cyclically Adjusted PB Ratio is ranked worse than
69.41% of 340 companies
in the Interactive Media industry
Industry Median: 1.435 vs MEX:SNAP: 2.58

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.

Snap's adjusted book value per share data for the three months ended in Jun. 2026 was MXN19.988. 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 MXN36.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Snap  (MEX:SNAP) 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.


Snap Cyclically Adjusted PB Ratio Related Terms


Snap Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Snap'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.

Snap Cyclically Adjusted PB Ratio Chart

Snap 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 3.88

Snap 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 0.00 3.72 3.88 2.19 2.12

MEX:SNAP vs BILI, ZG, BZ: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Snap'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.


Snap Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Snap's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:SNAP
55GF Score
Snap Inc MEX:SNAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Snap 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=91.00/36.89
=2.47

* 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.

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

For example, Snap'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)
=19.988/333.9520*333.9520
=19.988

Current CPI (Jun. 2026) = 333.9520.

Snap Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 27.060 241.432 37.430
201703 59.665 243.801 81.727
201706 54.242 244.955 73.949
201709 47.951 246.819 64.879
201712 48.084 246.524 65.137
201803 40.433 249.554 54.107
201806 39.881 251.989 52.853
201809 34.537 252.439 45.689
201812 34.435 251.233 45.773
201903 31.473 254.202 41.347
201906 29.632 256.143 38.633
201909 32.906 256.759 42.799
201912 30.105 256.974 39.123
202003 34.610 258.115 44.779
202006 34.611 257.797 44.835
202009 32.715 260.280 41.975
202012 30.830 260.474 39.527
202103 22.960 264.877 28.948
202106 36.713 271.696 45.125
202109 44.068 274.310 53.650
202112 48.016 278.802 57.514
202203 43.455 287.504 50.475
202206 42.117 296.311 47.467
202209 36.328 296.808 40.874
202212 31.963 296.797 35.964
202303 29.519 301.836 32.660
202306 26.573 305.109 29.085
202309 26.497 307.789 28.749
202312 24.903 306.746 27.112
202403 21.528 312.332 23.018
202406 22.894 314.175 24.335
202409 26.024 315.301 27.563
202412 30.232 315.605 31.989
202503 28.035 319.799 29.276
202506 23.161 322.561 23.979
202509 23.881 324.800 24.554
202512 24.002 324.054 24.735
202603 22.144 330.213 22.395
202606 19.988 333.952 19.988

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 2.47 mean?
Snap (MEX:SNAP) has a Cyclically Adjusted PB Ratio of 2.47 as of Aug. 27, 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 Snap and its competitors. This is near median its historical median of 2.71. Over the past decade, Snap's Cyclically Adjusted PB Ratio has ranged from 1.89 to 4.12. According to the industry distribution chart, Snap ranks #236 out of 340 companies in the Interactive Media industry, placing it in the top 69.4%.
Is Snap's Cyclically Adjusted PB Ratio too high?
Snap's current Cyclically Adjusted PB Ratio of 2.47 is near median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 4.12. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.44. Snap's value of 2.47 is 72.1% above this industry median. Based on the distribution chart, Snap ranks #236 out of 340 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Snap has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Snap's Cyclically Adjusted PB Ratio compare to BILI and ZG?
According to the Interactive Media industry distribution chart, Snap ranks #236 out of 340 companies for Cyclically Adjusted PB Ratio. This places Snap in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.44. Snap's value of 2.47 is 72.1% above this benchmark. Historically, Snap's own Cyclically Adjusted PB Ratio has ranged from 1.89 to 4.12 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 1.44, Snap 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.44, based on 340 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. Snap's current Cyclically Adjusted PB Ratio of 2.47 is 72.1% 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 Snap and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snap's current Cyclically Adjusted PB Ratio is 2.47, which is near median its own 10-year median of 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snap stock overvalued right now?
Based on GuruFocus' analysis, Snap (MEX:SNAP) is currently considered Possible Value Trap. The stock's GF Value™ is MXN198.62, compared to a current price of MXN91.00 — trading 54.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.47, which is near median its 10-year median of 2.71 and 72.1% above the Interactive Media industry median of 1.44. Snap's overall GF Score™ is 55/100 with 2 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 Snap (MEX:SNAP), the current Cyclically Adjusted PB Ratio is 2.47 as of Aug. 27, 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 Snap (MEX:SNAP) Overvalued in 2026?

Based on GuruFocus' analysis, Snap stock appears to be undervalued. The current stock price of MXN91.00 is trading 54.2% below its estimated GF Value™ of MXN198.62. GuruFocus considers Snap to be Possible Value Trap.

Key valuation signals for MEX:SNAP:

  • Cyclically Adjusted PB Ratio: 2.47 (near median its 10-year median of 2.71)
  • GF Value™: MXN198.62 vs. price of MXN91.00 (54.2% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 72.1% above the Interactive Media median (#236 of 340)

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


Snap Business Description

Address 3000 31st Street, Santa Monica, CA, USA, 90405
Snap is a technology company best known for its marquis social media application.Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.
55GF Score

Get the complete analysis for MEX:SNAP

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

MXN91.00
Price
MXN198.62
GF Value