StoneX Group (MEX:SNEX) Cyclically Adjusted PB Ratio: 8.47 (As of Jul. 23, 2026) — 240% Above Median

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MEX:SNEX StoneX Group Inc MEX:SNEX
63 GF Score
Price MXN1,490.67
GF Value MXN915.10
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is StoneX Group Cyclically Adjusted PB Ratio?

StoneX Group MEX:SNEX 63 Cyclically Adjusted PB Ratio is 8.47 as of Jul. 23, 2026, which is 240% above its 10-year median of 2.49. GuruFocus rates MEX:SNEX with a GF Score™ of 63/100 and a GF Value™ of MXN915.10 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 628 Capital Markets companies, StoneX Group ranks worse than 89.33% on this metric.

As of today (2026-07-23), StoneX Group's current share price is MXN1490.66667. StoneX Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN175.92. StoneX Group's Cyclically Adjusted PB Ratio for today is 8.47.

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

MEX:SNEX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 2.49   Max: 8.19
Current: 6.54

During the past years, StoneX Group's highest Cyclically Adjusted PB Ratio was 8.19. The lowest was 1.42. And the median was 2.49.

MEX:SNEX's Cyclically Adjusted PB Ratio is ranked worse than
89.33% of 628 companies
in the Capital Markets industry
Industry Median: 1.31 vs MEX:SNEX: 6.54

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.

StoneX Group's adjusted book value per share data for the three months ended in Mar. 2026 was MXN410.613. 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 MXN175.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


StoneX Group  (MEX:SNEX) 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.


StoneX Group Cyclically Adjusted PB Ratio Related Terms


StoneX Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for StoneX Group'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.

StoneX Group Cyclically Adjusted PB Ratio Chart

StoneX Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.37 2.50 2.53 2.76 4.34

StoneX Group 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 3.57 4.09 4.34 3.95 4.75

MEX:SNEX vs RIOT, SF, JEF: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, StoneX Group'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.


StoneX Group Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, StoneX Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:SNEX
63GF Score
StoneX Group Inc MEX:SNEX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

StoneX Group 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.

StoneX Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1490.66667/175.92
=8.47

* 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.

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

For example, StoneX Group'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)
=410.613/330.2130*330.2130
=410.613

Current CPI (Mar. 2026) = 330.2130.

StoneX Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 82.504 241.018 113.037
201609 89.874 241.428 122.925
201612 96.812 241.432 132.412
201703 90.831 243.801 123.025
201706 89.551 244.955 120.720
201709 86.093 246.819 115.182
201712 91.408 246.524 122.439
201803 88.781 249.554 117.476
201806 100.206 251.989 131.313
201809 98.738 252.439 129.158
201812 107.193 251.233 140.891
201903 110.721 254.202 143.829
201906 113.160 256.143 145.883
201909 121.475 256.759 156.227
201912 118.799 256.974 152.657
202003 156.331 258.115 199.998
202006 162.608 257.797 208.285
202009 172.843 260.280 219.283
202012 160.240 260.474 203.142
202103 175.558 264.877 218.862
202106 178.467 271.696 216.905
202109 185.216 274.310 222.962
202112 192.227 278.802 227.674
202203 196.103 287.504 225.234
202206 205.451 296.311 228.957
202209 209.410 296.808 232.979
202212 220.163 296.797 244.951
202303 214.762 301.836 234.953
202306 217.047 305.109 234.905
202309 228.170 307.789 244.793
202312 236.793 306.746 254.908
202403 239.668 312.332 253.389
202406 274.947 314.175 288.982
202409 312.827 315.301 327.622
202412 342.859 315.605 358.728
202503 350.905 319.799 362.332
202506 337.750 322.561 345.762
202509 371.415 324.800 377.605
202512 385.511 324.054 392.838
202603 410.613 330.213 410.613

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 8.47 mean?
StoneX Group (MEX:SNEX) has a Cyclically Adjusted PB Ratio of 8.47 as of Jul. 23, 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 StoneX Group and its competitors. This is 240% above median its historical median of 2.49. Over the past decade, StoneX Group's Cyclically Adjusted PB Ratio has ranged from 1.42 to 8.19. According to the industry distribution chart, StoneX Group ranks #561 out of 628 companies in the Capital Markets industry, placing it in the top 89.3%.
Is StoneX Group's Cyclically Adjusted PB Ratio too high?
StoneX Group's current Cyclically Adjusted PB Ratio of 8.47 is 240% above median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 8.19. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.31. StoneX Group's value of 8.47 is 546.6% above this industry median. Based on the distribution chart, StoneX Group ranks #561 out of 628 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, StoneX Group has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does StoneX Group's Cyclically Adjusted PB Ratio compare to RIOT and SF?
According to the Capital Markets industry distribution chart, StoneX Group ranks #561 out of 628 companies for Cyclically Adjusted PB Ratio. This places StoneX Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.31. StoneX Group's value of 8.47 is 546.6% above this benchmark. Historically, StoneX Group's own Cyclically Adjusted PB Ratio has ranged from 1.42 to 8.19 over the past decade. While the company's 10-year median is 2.49 vs. the industry median of 1.31, StoneX Group 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.31, based on 628 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. StoneX Group's current Cyclically Adjusted PB Ratio of 8.47 is 546.6% 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 StoneX Group and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StoneX Group's current Cyclically Adjusted PB Ratio is 8.47, which is 240% above median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StoneX Group stock overvalued right now?
Based on GuruFocus' analysis, StoneX Group (MEX:SNEX) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN915.10, compared to a current price of MXN1,490.67 — trading 62.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.47, which is 240% above median its 10-year median of 2.49 and 546.6% above the Capital Markets industry median of 1.31. StoneX Group's overall GF Score™ is 63/100 with 3 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 StoneX Group (MEX:SNEX), the current Cyclically Adjusted PB Ratio is 8.47 as of Jul. 23, 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 StoneX Group (MEX:SNEX) Overvalued in 2026?

Based on GuruFocus' analysis, StoneX Group stock appears to be overvalued. The current stock price of MXN1,490.67 is trading 62.9% above its estimated GF Value™ of MXN915.10. GuruFocus considers StoneX Group to be Significantly Overvalued.

Key valuation signals for MEX:SNEX:

  • Cyclically Adjusted PB Ratio: 8.47 (240% above median its 10-year median of 2.49)
  • GF Value™: MXN915.10 vs. price of MXN1,490.67 (62.9% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 546.6% above the Capital Markets median (#561 of 628)

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


StoneX Group Business Description

Other Exchanges SNEX:USAI4F:Germany
Address 230 Park Avenue, 10th Floor, New York, NY, USA, 10169
StoneX Group Inc is a brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.
63GF Score

Get the complete analysis for MEX:SNEX

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

MXN1,490.67
Price
MXN915.10
GF Value