Meta Platforms (PFTS:META) Cyclically Adjusted PB Ratio: (As of Jul. 27, 2026)

Author: Vera Yuan Vera Yuan
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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.

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  (PFTS:META) 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

PFTS:META 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)
=4311.925/330.2130*330.2130
=4,311.925

Current CPI (Mar. 2026) = 330.2130.

Meta Platforms Quarterly Data

Book Value per Share CPI Adj_Book
201606 790.715 241.018 1,083.340
201609 844.858 241.428 1,155.554
201612 919.359 241.432 1,257.432
201703 965.526 243.801 1,307.744
201706 1,029.687 244.955 1,388.075
201709 1,100.624 246.819 1,472.497
201712 1,149.142 246.524 1,539.248
201803 1,201.385 249.554 1,589.688
201806 1,233.331 251.989 1,616.189
201809 1,256.067 252.439 1,643.049
201812 1,323.998 251.233 1,740.223
201903 1,360.643 254.202 1,767.500
201906 1,396.944 256.143 1,800.904
201909 1,479.364 256.759 1,902.583
201912 1,591.512 256.974 2,045.102
202003 1,659.027 258.115 2,122.435
202006 1,740.664 257.797 2,229.622
202009 1,855.461 260.280 2,353.993
202012 2,022.582 260.474 2,564.106
202103 2,113.130 264.877 2,634.366
202106 2,196.982 271.696 2,670.161
202109 2,144.670 274.310 2,581.743
202112 2,046.380 278.802 2,423.732
202203 2,039.414 287.504 2,342.371
202206 2,094.554 296.311 2,334.199
202209 2,091.507 296.808 2,326.901
202212 2,160.133 296.797 2,403.340
202303 2,184.471 301.836 2,389.843
202306 2,339.795 305.109 2,532.311
202309 2,496.054 307.789 2,677.904
202312 2,686.361 306.746 2,891.876
202403 2,647.347 312.332 2,798.908
202406 2,779.708 314.175 2,921.606
202409 2,927.918 315.301 3,066.392
202412 3,236.714 315.605 3,386.528
202503 3,294.036 319.799 3,401.304
202506 3,482.456 322.561 3,565.069
202509 3,457.416 324.800 3,515.036
202512 3,857.387 324.054 3,930.701
202603 4,311.925 330.213 4,311.925

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.