Meta Platforms (PFTS:META) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 16.00 15.34 13.37 10.97 10.30

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 Jun. 2026 is calculated as:

For example, Meta Platforms's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4597.597/333.9520*333.9520
=4,597.597

Current CPI (Jun. 2026) = 333.9520.

Meta Platforms Quarterly Data

Book Value per Share CPI Adj_Book
201609 843.654 241.428 1,166.973
201612 918.049 241.432 1,269.858
201703 964.150 243.801 1,320.667
201706 1,028.220 244.955 1,401.793
201709 1,099.056 246.819 1,487.049
201712 1,147.505 246.524 1,554.460
201803 1,199.673 249.554 1,605.397
201806 1,231.574 251.989 1,632.161
201809 1,254.278 252.439 1,659.287
201812 1,322.112 251.233 1,757.420
201903 1,358.704 254.202 1,784.966
201906 1,394.954 256.143 1,818.702
201909 1,477.257 256.759 1,921.385
201912 1,589.244 256.974 2,065.311
202003 1,656.664 258.115 2,143.410
202006 1,738.184 257.797 2,251.655
202009 1,852.817 260.280 2,377.255
202012 2,019.701 260.474 2,589.445
202103 2,110.120 264.877 2,660.400
202106 2,193.852 271.696 2,696.548
202109 2,141.615 274.310 2,607.257
202112 2,043.464 278.802 2,447.683
202203 2,036.508 287.504 2,365.518
202206 2,091.570 296.311 2,357.266
202209 2,088.528 296.808 2,349.897
202212 2,157.055 296.797 2,427.089
202303 2,181.359 301.836 2,413.460
202306 2,336.461 305.109 2,557.335
202309 2,492.498 307.789 2,704.368
202312 2,682.533 306.746 2,920.453
202403 2,643.575 312.332 2,826.566
202406 2,775.747 314.175 2,950.477
202409 2,923.747 315.301 3,096.695
202412 3,232.103 315.605 3,419.994
202503 3,289.343 319.799 3,434.916
202506 3,477.495 322.561 3,600.300
202509 3,452.490 324.800 3,549.772
202512 3,851.892 324.054 3,969.545
202603 4,305.782 330.213 4,354.536
202606 4,597.597 333.952 4,597.597

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.