Western Digital (MEX:WDC) Cyclically Adjusted PB Ratio: 12.25 (As of Aug. 16, 2026) — 956% Above Median

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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.
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Founder & CEO of GuruFocus
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MEX:WDC Western Digital Corp MEX:WDC
64 GF Score
Price MXN8,626.48
GF Value MXN1,762.68
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Western Digital Cyclically Adjusted PB Ratio?

Western Digital MEX:WDC +4.41% 64 Cyclically Adjusted PB Ratio is 12.25 as of Aug. 16, 2026, which is 956% above its 10-year median of 1.16. GuruFocus rates MEX:WDC with a GF Score™ of 64/100 and a GF Value™ of MXN1,762.68 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,962 Hardware companies, Western Digital ranks worse than 93.58% on this metric.

As of today (2026-08-16), Western Digital's current share price is MXN8626.48. Western Digital's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN704.03. Western Digital's Cyclically Adjusted PB Ratio for today is 12.25.

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

MEX:WDC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.16   Max: 18.41
Current: 12.63

During the past years, Western Digital's highest Cyclically Adjusted PB Ratio was 18.41. The lowest was 0.53. And the median was 1.16.

MEX:WDC's Cyclically Adjusted PB Ratio is ranked worse than
93.58% of 1962 companies
in the Hardware industry
Industry Median: 2.115 vs MEX:WDC: 12.63

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.

Western Digital's adjusted book value per share data for the three months ended in Jun. 2026 was MXN448.726. 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 MXN704.03 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Digital  (MEX:WDC) 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.


Western Digital Cyclically Adjusted PB Ratio Related Terms


Western Digital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Western Digital'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.

Western Digital Cyclically Adjusted PB Ratio Chart

Western Digital Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 0.65 1.31 1.52 15.86

Western Digital 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 1.52 2.89 4.25 6.67 15.86

MEX:WDC vs STX, SNDK, ANET: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Western Digital'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.


Western Digital Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Western Digital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:WDC
64GF Score
Western Digital Corp MEX:WDC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Digital 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.

Western Digital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8626.48/704.03
=12.25

* 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.

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

For example, Western Digital'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)
=448.726/333.9520*333.9520
=448.726

Current CPI (Jun. 2026) = 333.9520.

Western Digital Quarterly Data

Book Value per Share CPI Adj_Book
201609 729.804 241.428 1,009.491
201612 768.270 241.432 1,062.681
201703 713.755 243.801 977.682
201706 702.013 244.955 957.068
201709 741.853 246.819 1,003.745
201712 745.375 246.524 1,009.717
201803 686.602 249.554 918.808
201806 765.468 251.989 1,014.447
201809 736.226 252.439 973.955
201812 736.279 251.233 978.700
201903 676.216 254.202 888.363
201906 649.000 256.143 846.148
201909 633.731 256.759 824.258
201912 591.598 256.974 768.814
202003 722.433 258.115 934.692
202006 729.991 257.797 945.635
202009 695.867 260.280 892.831
202012 638.949 260.474 819.192
202103 664.600 264.877 837.915
202106 692.897 271.696 851.666
202109 751.141 274.310 914.458
202112 787.659 278.802 943.466
202203 762.343 287.504 885.504
202206 780.515 296.311 879.665
202209 765.825 296.808 861.664
202212 740.420 296.797 833.111
202303 654.026 301.836 723.616
202306 583.744 305.109 638.927
202309 543.695 307.789 589.911
202312 524.223 306.746 570.718
202403 514.496 312.332 550.110
202406 577.804 314.175 614.176
202409 663.209 315.301 702.440
202412 726.174 315.605 768.389
202503 303.473 319.799 316.903
202506 289.861 322.561 300.097
202509 315.821 324.800 324.720
202512 376.584 324.054 388.086
202603 505.961 330.213 511.690
202606 448.726 333.952 448.726

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 12.25 mean?
Western Digital (MEX:WDC) has a Cyclically Adjusted PB Ratio of 12.25 as of Aug. 16, 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 Western Digital and its competitors. This is 956% above median its historical median of 1.16. Over the past decade, Western Digital's Cyclically Adjusted PB Ratio has ranged from 0.53 to 18.41. According to the industry distribution chart, Western Digital ranks #1836 out of 1962 companies in the Hardware industry, placing it in the top 93.6%.
Is Western Digital's Cyclically Adjusted PB Ratio too high?
Western Digital's current Cyclically Adjusted PB Ratio of 12.25 is 956% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 18.41. The Hardware industry median Cyclically Adjusted PB Ratio is 2.12. Western Digital's value of 12.25 is 479.2% above this industry median. Based on the distribution chart, Western Digital ranks #1836 out of 1962 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Western Digital has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Digital's Cyclically Adjusted PB Ratio compare to STX and SNDK?
According to the Hardware industry distribution chart, Western Digital ranks #1836 out of 1962 companies for Cyclically Adjusted PB Ratio. This places Western Digital in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Western Digital's value of 12.25 is 479.2% above this benchmark. Historically, Western Digital's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 18.41 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 2.12, Western Digital 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.12, based on 1,962 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. Western Digital's current Cyclically Adjusted PB Ratio of 12.25 is 479.2% 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 Western Digital and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Digital's current Cyclically Adjusted PB Ratio is 12.25, which is 956% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Digital stock overvalued right now?
Based on GuruFocus' analysis, Western Digital (MEX:WDC) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,762.68, compared to a current price of MXN8,626.48 — trading 389.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.25, which is 956% above median its 10-year median of 1.16 and 479.2% above the Hardware industry median of 2.12. Western Digital's overall GF Score™ is 64/100 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 Western Digital (MEX:WDC), the current Cyclically Adjusted PB Ratio is 12.25 as of Aug. 16, 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 Western Digital (MEX:WDC) Overvalued in 2026?

Based on GuruFocus' analysis, Western Digital stock appears to be overvalued. The current stock price of MXN8,626.48 is trading 389.4% above its estimated GF Value™ of MXN1,762.68. GuruFocus considers Western Digital to be Significantly Overvalued.

Key valuation signals for MEX:WDC:

  • Cyclically Adjusted PB Ratio: 12.25 (956% above median its 10-year median of 1.16)
  • GF Value™: MXN1,762.68 vs. price of MXN8,626.48 (389.4% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 479.2% above the Hardware median (#1836 of 1962)

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


Western Digital Business Description

Address 5601 Great Oaks Parkway, San Jose, CA, USA, 95119
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
64GF Score

Get the complete analysis for MEX:WDC

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

MXN8,626.48
Price
MXN1,762.68
GF Value