MIGDF (Migdal Insurance & Financial Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 23, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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.

MIGDF Migdal Insurance & Financial Holdings Ltd MIGDF
67 GF Score
Price $0.70
GF Value $0.29
! 2 Warning Signs
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What is Migdal Insurance & Financial Holdings 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


Migdal Insurance & Financial Holdings  (OTCPK:MIGDF) 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.


Migdal Insurance & Financial Holdings Cyclically Adjusted PB Ratio Related Terms


Migdal Insurance & Financial Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Migdal Insurance & Financial Holdings'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.

Migdal Insurance & Financial Holdings Cyclically Adjusted PB Ratio Chart

Migdal Insurance & Financial Holdings 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 0.61 0.58 0.91 1.95

Migdal Insurance & Financial Holdings 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 0.88 1.19 1.46 1.95 2.03

MIGDF vs AFL, MET, PRU: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Life subindustry, Migdal Insurance & Financial Holdings'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.


Migdal Insurance & Financial Holdings Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Migdal Insurance & Financial Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Migdal Insurance & Financial Holdings's Cyclically Adjusted PB Ratio falls into.


MIGDF
67GF Score
Migdal Insurance & Financial Holdings Ltd MIGDF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Migdal Insurance & Financial Holdings 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.

Migdal Insurance & Financial Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Migdal Insurance & Financial Holdings'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)
=3.282/330.2130*330.2130
=3.282

Current CPI (Mar. 2026) = 330.2130.

Migdal Insurance & Financial Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 1.721 241.432 2.354
201703 1.648 243.801 2.232
201706 1.829 244.955 2.466
201709 1.849 246.819 2.474
201712 1.885 246.524 2.525
201803 1.875 249.554 2.481
201806 1.958 251.989 2.566
201809 2.015 252.439 2.636
201812 1.899 251.233 2.496
201903 2.004 254.202 2.603
201906 2.011 256.143 2.593
201909 1.828 256.759 2.351
201912 2.025 256.974 2.602
202003 1.845 258.115 2.360
202006 2.006 257.797 2.569
202009 2.021 260.280 2.564
202012 2.197 260.474 2.785
202103 2.271 264.877 2.831
202106 2.378 271.696 2.890
202109 2.511 274.310 3.023
202112 2.734 278.802 3.238
202203 2.828 287.504 3.248
202206 2.506 296.311 2.793
202209 2.461 296.808 2.738
202212 2.584 296.797 2.875
202303 2.629 301.836 2.876
202306 2.606 305.109 2.820
202309 2.602 307.789 2.792
202312 2.170 306.746 2.336
202403 2.659 312.332 2.811
202406 2.804 314.175 2.947
202409 2.895 315.301 3.032
202412 2.606 315.605 2.727
202503 2.687 319.799 2.775
202506 2.871 322.561 2.939
202509 3.041 324.800 3.092
202512 3.179 324.054 3.239
202603 3.282 330.213 3.282

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.

Is Migdal Insurance & Financial Holdings (MIGDF) Overvalued in 2026?

Based on GuruFocus' analysis, Migdal Insurance & Financial Holdings stock appears to be overvalued. The current stock price of $0.70 is trading 141.4% above its estimated GF Value™ of $0.29.

Key valuation signals for MIGDF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.29 vs. price of $0.70 (141.4% above fair value)
  • GF Score™: 67/100 with 2 warning signs

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


Migdal Insurance & Financial Holdings Business Description

Other Exchanges MGDL:Israel
Address 4 Efal Street, Kiryat-Aryeh, Petach Tikva, ISR, 49511
Migdal Insurance & Financial Holdings Ltd is a diversified insurance and finance company in Israel. The company provides a wide variety of insurance, pension, and financial asset management services. The group's key areas of activity include life insurance, health insurance, general insurance, and financial services. Migdal's asset management department includes divisions in credit, real estate, and private equity.
67GF Score

Get the complete analysis for MIGDF

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

$0.70
Price
$0.29
GF Value