MGROF (MustGrow Biologics) Cyclically Adjusted PB Ratio: 5.52 (As of Jul. 29, 2026) — 46% Below Median

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MGROF MustGrow Biologics Corp MGROF
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What is MustGrow Biologics Cyclically Adjusted PB Ratio?

MustGrow Biologics MGROF -11.58% 24 Cyclically Adjusted PB Ratio is 5.52 as of Jul. 29, 2026, which is 46% below its 10-year median of 10.17. GuruFocus rates MGROF with a GF Score™ of 24/100. The stock has 3 warning signs investors should review. Among 199 Agriculture companies, MustGrow Biologics ranks worse than 92.46% on this metric.

As of today (2026-07-29), MustGrow Biologics's current share price is $0.2207. MustGrow Biologics's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $0.04. MustGrow Biologics's Cyclically Adjusted PB Ratio for today is 5.52.

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

MGROF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.57   Med: 10.17   Max: 15
Current: 6.57

During the past 10 years, MustGrow Biologics's highest Cyclically Adjusted PB Ratio was 15.00. The lowest was 6.57. And the median was 10.17.

MGROF's Cyclically Adjusted PB Ratio is ranked worse than
92.46% of 199 companies
in the Agriculture industry
Industry Median: 1.33 vs MGROF: 6.57

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.

MustGrow Biologics's adjusted book value per share data of for the fiscal year that ended in Dec25 was $0.011. 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 $0.04 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


MustGrow Biologics  (OTCPK:MGROF) 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.


MustGrow Biologics Cyclically Adjusted PB Ratio Related Terms


MustGrow Biologics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MustGrow Biologics'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.

MustGrow Biologics Cyclically Adjusted PB Ratio Chart

MustGrow Biologics 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 11.03

MustGrow Biologics 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 0.00 0.00 0.00 11.03 0.00

MGROF vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, MustGrow Biologics'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.


MustGrow Biologics Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, MustGrow Biologics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MGROF
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MustGrow Biologics Corp MGROF
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MustGrow Biologics 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.

MustGrow Biologics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.2207/0.04
=5.52

* 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.

MustGrow Biologics's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, MustGrow Biologics's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.011/130.3661*130.3661
=0.011

Current CPI (Dec25) = 130.3661.

MustGrow Biologics Annual Data

Book Value per Share CPI Adj_Book
201612 -0.001 101.449 -0.001
201712 -0.038 103.345 -0.048
201812 -0.014 105.399 -0.017
201912 0.063 107.769 0.076
202012 0.045 108.559 0.054
202112 0.138 113.774 0.158
202212 0.078 120.964 0.084
202312 0.081 125.072 0.084
202412 0.029 127.364 0.030
202512 0.011 130.366 0.011

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 5.52 mean?
MustGrow Biologics (MGROF) has a Cyclically Adjusted PB Ratio of 5.52 as of Jul. 29, 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 MustGrow Biologics and its competitors. This is 46% below median its historical median of 10.17. Over the past decade, MustGrow Biologics' Cyclically Adjusted PB Ratio has ranged from 6.57 to 15.00. According to the industry distribution chart, MustGrow Biologics ranks #184 out of 199 companies in the Agriculture industry, placing it in the top 92.5%.
Is MustGrow Biologics' Cyclically Adjusted PB Ratio too high?
MustGrow Biologics' current Cyclically Adjusted PB Ratio of 5.52 is 46% below median its 10-year median of 10.17. Over the past 10 years, this metric has ranged from a low of 6.57 to a high of 15.00. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.33. MustGrow Biologics' value of 5.52 is 315% above this industry median. Based on the distribution chart, MustGrow Biologics ranks #184 out of 199 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, MustGrow Biologics has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does MustGrow Biologics' Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, MustGrow Biologics ranks #184 out of 199 companies for Cyclically Adjusted PB Ratio. This places MustGrow Biologics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.33. MustGrow Biologics' value of 5.52 is 315% above this benchmark. Historically, MustGrow Biologics' own Cyclically Adjusted PB Ratio has ranged from 6.57 to 15.00 over the past decade. While the company's 10-year median is 10.17 vs. the industry median of 1.33, MustGrow Biologics 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 Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.33, based on 199 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. MustGrow Biologics's current Cyclically Adjusted PB Ratio of 5.52 is 315% 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 MustGrow Biologics and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MustGrow Biologics's current Cyclically Adjusted PB Ratio is 5.52, which is 46% below median its own 10-year median of 10.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MustGrow Biologics stock overvalued right now?
MustGrow Biologics (MGROF) has a current Cyclically Adjusted PB Ratio of 5.52. The current Cyclically Adjusted PB Ratio is 5.52, which is 46% below median its 10-year median of 10.17 and 315% above the Agriculture industry median of 1.33. MustGrow Biologics' overall GF Score™ is 24/100 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 MustGrow Biologics (MGROF), the current Cyclically Adjusted PB Ratio is 5.52 as of Jul. 29, 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.

MustGrow Biologics Business Description

Other Exchanges 0C0:GermanyMGRO:Canada
Address 1005 - 201 1st Avenue South, Saskatoon, SK, CAN, S7K 1J5
MustGrow Biologics Corp is a fully integrated provider of biological and regenerative agriculture solutions designed to support sustainable farming. The Company's proprietary and third-party product lines offer eco-friendly alternatives to restricted or banned synthetic chemicals and fertilizers. It offers a portfolio of third-party crop nutrition solutions, including micronutrients, nitrogen stabilizers, biostimulants, and foliar products. These products are synergistically distributed alongside MustGrow's wholly owned proprietary products and technologies that are derived from mustard and developed into organic biocontrol and biofertility products to help replace banned or restricted synthetic chemicals and fertilizers.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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