SNEX (StoneX Group) Cyclically Adjusted PB Ratio: 7.15 (As of Jul. 07, 2026) — 187% Above Median


SNEX StoneX Group Inc SNEX
84 GF Score
Price $121.47
GF Value $67.59
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is StoneX Group Cyclically Adjusted PB Ratio?

StoneX Group SNEX -0.61% 84 Cyclically Adjusted PB Ratio is 7.15 as of Jul. 07, 2026, which is 187% above its 10-year median of 2.49. GuruFocus rates SNEX with a GF Score™ of 84/100 and a GF Value™ of $67.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 639 Capital Markets companies, StoneX Group ranks worse than 89.83% on this metric.

As of today (2026-07-07), StoneX Group's current share price is $121.47. StoneX Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $16.99. StoneX Group's Cyclically Adjusted PB Ratio for today is 7.15.

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

SNEX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 2.49   Max: 8.18
Current: 7.2

During the past years, StoneX Group's highest Cyclically Adjusted PB Ratio was 8.18. The lowest was 1.42. And the median was 2.49.

SNEX's Cyclically Adjusted PB Ratio is ranked worse than
89.83% of 639 companies
in the Capital Markets industry
Industry Median: 1.37 vs SNEX: 7.20

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.

StoneX Group's adjusted book value per share data for the three months ended in Mar. 2026 was $34.156. 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 $16.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


StoneX Group  (NAS:SNEX) 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.


StoneX Group Cyclically Adjusted PB Ratio Related Terms


StoneX Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for StoneX Group'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.

StoneX Group Cyclically Adjusted PB Ratio Chart

StoneX Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.37 2.50 2.53 2.76 4.34

StoneX Group 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 3.57 4.09 4.34 3.95 4.75

SNEX vs RIOT, SF, JEF: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, StoneX Group'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.


StoneX Group Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, StoneX Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SNEX
84GF Score
StoneX Group Inc SNEX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

StoneX Group 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.

StoneX Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=121.47/16.99
=7.15

* 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.

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

For example, StoneX Group'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)
=34.156/330.2130*330.2130
=34.156

Current CPI (Mar. 2026) = 330.2130.

StoneX Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.692 241.018 9.169
201609 6.972 241.428 9.536
201612 7.044 241.432 9.634
201703 7.236 243.801 9.801
201706 7.431 244.955 10.017
201709 7.116 246.819 9.520
201712 6.981 246.524 9.351
201803 7.330 249.554 9.699
201806 7.649 251.989 10.023
201809 7.918 252.439 10.357
201812 8.189 251.233 10.763
201903 8.562 254.202 11.122
201906 8.837 256.143 11.392
201909 9.230 256.759 11.871
201912 9.449 256.974 12.142
202003 10.001 258.115 12.795
202006 10.567 257.797 13.535
202009 11.736 260.280 14.889
202012 12.083 260.474 15.318
202103 12.883 264.877 16.061
202106 13.448 271.696 16.344
202109 13.511 274.310 16.264
202112 14.056 278.802 16.648
202203 14.773 287.504 16.968
202206 15.318 296.311 17.071
202209 15.616 296.808 17.374
202212 16.939 296.797 18.846
202303 17.872 301.836 19.552
202306 18.990 305.109 20.552
202309 19.648 307.789 21.079
202312 20.925 306.746 22.526
202403 21.662 312.332 22.902
202406 22.512 314.175 23.661
202409 23.831 315.301 24.958
202412 24.659 315.605 25.800
202503 25.728 319.799 26.566
202506 26.906 322.561 27.544
202509 30.370 324.800 30.876
202512 32.116 324.054 32.726
202603 34.156 330.213 34.156

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 7.15 mean?
StoneX Group (SNEX) has a Cyclically Adjusted PB Ratio of 7.15 as of Jul. 07, 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 StoneX Group and its competitors. This is 187% above median its historical median of 2.49. Over the past decade, StoneX Group's Cyclically Adjusted PB Ratio has ranged from 1.42 to 8.18. According to the industry distribution chart, StoneX Group ranks #574 out of 639 companies in the Capital Markets industry, placing it in the top 89.8%.
Is StoneX Group's Cyclically Adjusted PB Ratio too high?
StoneX Group's current Cyclically Adjusted PB Ratio of 7.15 is 187% above median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 8.18. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.37. StoneX Group's value of 7.15 is 421.9% above this industry median. Based on the distribution chart, StoneX Group ranks #574 out of 639 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, StoneX Group has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does StoneX Group's Cyclically Adjusted PB Ratio compare to RIOT and SF?
According to the Capital Markets industry distribution chart, StoneX Group ranks #574 out of 639 companies for Cyclically Adjusted PB Ratio. This places StoneX Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.37. StoneX Group's value of 7.15 is 421.9% above this benchmark. Historically, StoneX Group's own Cyclically Adjusted PB Ratio has ranged from 1.42 to 8.18 over the past decade. While the company's 10-year median is 2.49 vs. the industry median of 1.37, StoneX Group has consistently been above 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.37, based on 639 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. StoneX Group's current Cyclically Adjusted PB Ratio of 7.15 is 421.9% above 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 StoneX Group and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StoneX Group's current Cyclically Adjusted PB Ratio is 7.15, which is 187% above median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StoneX Group stock overvalued right now?
Based on GuruFocus' analysis, StoneX Group (SNEX) is currently considered Significantly Overvalued. The stock's GF Value™ is $67.59, compared to a current price of $121.47 — trading 79.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.15, which is 187% above median its 10-year median of 2.49 and 421.9% above the Capital Markets industry median of 1.37. StoneX Group's overall GF Score™ is 84/100 with 3 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 StoneX Group (SNEX), the current Cyclically Adjusted PB Ratio is 7.15 as of Jul. 07, 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 StoneX Group (SNEX) Overvalued in 2026?

Based on GuruFocus' analysis, StoneX Group stock appears to be overvalued. The current stock price of $121.47 is trading 79.7% above its estimated GF Value™ of $67.59. GuruFocus considers StoneX Group to be Significantly Overvalued.

Key valuation signals for SNEX:

  • Cyclically Adjusted PB Ratio: 7.15 (187% above median its 10-year median of 2.49)
  • GF Value™: $67.59 vs. price of $121.47 (79.7% above fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 421.9% above the Capital Markets median (#574 of 639)

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


StoneX Group Business Description

Other Exchanges SNEX:MexicoI4F:Germany
Address 230 Park Avenue, 10th Floor, New York, NY, USA, 10169
StoneX Group Inc is a brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.
84GF Score

Get the complete analysis for SNEX

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

$121.47
Price
$67.59
GF Value