Mondi (MNODF) Cyclically Adjusted PB Ratio: 0.71 (As of Jul. 15, 2026) — 67% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

MNODF Mondi PLC MNODF
58 GF Score
Price $9.70
GF Value $16.10
Valuation Significantly Undervalued
! 9 Warning Signs
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What is Mondi Cyclically Adjusted PB Ratio?

Mondi MNODF 58 Cyclically Adjusted PB Ratio is 0.71 as of Jul. 15, 2026, which is 67% below its 10-year median of 2.17. GuruFocus rates MNODF with a GF Score™ of 58/100 and a GF Value™ of $16.10 (Significantly Undervalued). The stock has 9 warning signs investors should review. Among 243 Forest Products companies, Mondi ranks better than 56.38% on this metric.

As of today (2026-07-15), Mondi's current share price is $9.70. Mondi's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was $13.60. Mondi's Cyclically Adjusted PB Ratio for today is 0.71.

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

MNODF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 2.17   Max: 3.24
Current: 0.63

During the past 13 years, Mondi's highest Cyclically Adjusted PB Ratio was 3.24. The lowest was 0.63. And the median was 2.17.

MNODF's Cyclically Adjusted PB Ratio is ranked better than
56.38% of 243 companies
in the Forest Products industry
Industry Median: 0.77 vs MNODF: 0.63

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.

Mondi's adjusted book value per share data of for the fiscal year that ended in Dec25 was $12.557. 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 $13.60 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mondi  (OTCPK:MNODF) 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.


Mondi Cyclically Adjusted PB Ratio Related Terms


Mondi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mondi'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.

Mondi Cyclically Adjusted PB Ratio Chart

Mondi 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 2.37 1.61 1.65 1.11 0.82

Mondi Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.65 0.00 1.11 0.00 0.82

MNODF vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Mondi'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.


Mondi Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mondi's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MNODF
58GF Score
Mondi PLC MNODF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mondi 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.

Mondi's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.70/13.60
=0.71

* 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.

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

For example, Mondi'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)
=12.557/139.9000*139.9000
=12.557

Current CPI (Dec25) = 139.9000.

Mondi Annual Data

Book Value per Share CPI Adj_Book
201612 10.623 102.200 14.542
201712 13.055 105.000 17.394
201812 11.876 107.100 15.513
201912 10.106 108.500 13.031
202012 11.030 109.400 14.105
202112 11.529 114.700 14.062
202212 13.920 125.300 15.542
202312 13.989 130.500 14.997
202412 11.545 135.100 11.955
202512 12.557 139.900 12.557

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 0.71 mean?
Mondi (MNODF) has a Cyclically Adjusted PB Ratio of 0.71 as of Jul. 15, 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 Mondi and its competitors. This is 67% below median its historical median of 2.17. Over the past decade, Mondi's Cyclically Adjusted PB Ratio has ranged from 0.63 to 3.24. According to the industry distribution chart, Mondi ranks #106 out of 243 companies in the Forest Products industry, placing it in the top 43.6%.
Is Mondi's Cyclically Adjusted PB Ratio too high?
Mondi's current Cyclically Adjusted PB Ratio of 0.71 is 67% below median its 10-year median of 2.17. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 3.24. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.77. Mondi's value of 0.71 is 7.8% below this industry median. Based on the distribution chart, Mondi ranks #106 out of 243 companies in the Forest Products industry, which is above the industry midpoint. Overall, Mondi has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mondi's Cyclically Adjusted PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Mondi ranks #106 out of 243 companies for Cyclically Adjusted PB Ratio. This puts Mondi in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. Mondi's value of 0.71 is 7.8% below this benchmark. Historically, Mondi's own Cyclically Adjusted PB Ratio has ranged from 0.63 to 3.24 over the past decade. While the company's 10-year median is 2.17 vs. the industry median of 0.77, Mondi has consistently been below 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.77, based on 243 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. Mondi's current Cyclically Adjusted PB Ratio of 0.71 is 7.8% below 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 Mondi and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mondi's current Cyclically Adjusted PB Ratio is 0.71, which is 67% below median its own 10-year median of 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mondi stock overvalued right now?
Based on GuruFocus' analysis, Mondi (MNODF) is currently considered Significantly Undervalued. The stock's GF Value™ is $16.10, compared to a current price of $9.70 — trading 39.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is 67% below median its 10-year median of 2.17 and 7.8% below the Forest Products industry median of 0.77. Mondi's overall GF Score™ is 58/100 with 9 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 Mondi (MNODF), the current Cyclically Adjusted PB Ratio is 0.71 as of Jul. 15, 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 Mondi (MNODF) Overvalued in 2026?

Based on GuruFocus' analysis, Mondi stock appears to be undervalued. The current stock price of $9.70 is trading 39.8% below its estimated GF Value™ of $16.10. GuruFocus considers Mondi to be Significantly Undervalued.

Key valuation signals for MNODF:

  • Cyclically Adjusted PB Ratio: 0.71 (67% below median its 10-year median of 2.17)
  • GF Value™: $16.10 vs. price of $9.70 (39.8% below fair value)
  • GF Score™: 58/100 with 9 warning signs
  • Industry Position: 7.8% below the Forest Products median (#106 of 243)

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


Mondi Business Description

Address The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, GBR, KT13 0NY
Mondi PLC makes and sells packaging and paper products. The company's operating segments include Corrugated Packaging; Flexible Packaging and Uncoated Fine Paper. It generates maximum revenue from the Flexible Packaging segment. Flexible Packaging segment includes Kraft paper; Paper bags; Consumer flexibles; Functional paper and films and Pulp. The majority of revenue comes from Europe.
58GF Score

Get the complete analysis for MNODF

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

$9.70
Price
$16.10
GF Value