Meta Platforms (MIC:META-RM) Cyclically Adjusted PB Ratio: (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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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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.

What is Meta Platforms Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meta Platforms  (MIC:META-RM) 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.


Meta Platforms Cyclically Adjusted PB Ratio Related Terms


Meta Platforms Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Meta Platforms'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.

Meta Platforms Cyclically Adjusted PB Ratio Chart

Meta Platforms 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 13.66 3.98 9.83 13.83 13.37

Meta Platforms 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 13.01 16.00 15.34 13.37 10.97

MIC:META-RM vs SPOT, NBIS, BIDU: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Meta Platforms'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.


Meta Platforms Cyclically Adjusted PB Ratio vs Interactive Media Industry

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

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



Meta Platforms 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.

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

For example, Meta Platforms'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)
=89.82/330.2130*330.2130
=89.820

Current CPI (Mar. 2026) = 330.2130.

Meta Platforms Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.604 241.018 24.119
201609 18.810 241.428 25.727
201612 20.468 241.432 27.995
201703 21.496 243.801 29.115
201706 22.924 244.955 30.903
201709 24.504 246.819 32.783
201712 25.584 246.524 34.269
201803 26.747 249.554 35.392
201806 27.379 251.989 35.878
201809 27.964 252.439 36.579
201812 29.100 251.233 38.248
201903 30.155 254.202 39.172
201906 30.874 256.143 39.802
201909 32.707 256.759 42.064
201912 35.100 256.974 45.104
202003 36.717 258.115 46.973
202006 38.363 257.797 49.139
202009 40.723 260.280 51.665
202012 44.192 260.474 56.024
202103 46.376 264.877 57.815
202106 48.046 271.696 58.394
202109 46.646 274.310 56.152
202112 44.473 278.802 52.674
202203 44.941 287.504 51.617
202206 46.357 296.311 51.661
202209 45.741 296.808 50.889
202212 46.337 296.797 51.554
202303 45.999 301.836 50.324
202306 49.404 305.109 53.469
202309 52.662 307.789 56.499
202312 56.457 306.746 60.776
202403 55.116 312.332 58.271
202406 57.782 314.175 60.732
202409 60.645 315.301 63.513
202412 67.319 315.605 70.435
202503 68.201 319.799 70.422
202506 71.902 322.561 73.608
202509 71.532 324.800 72.724
202512 80.075 324.054 81.597
202603 89.820 330.213 89.820

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.


Meta Platforms Business Description

Address 1 Meta Way, Menlo Park, CA, USA, 94025
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.