Metro (STU:62M) Cyclically Adjusted PB Ratio: 3.19 (As of Aug. 12, 2026) — 18% Below Median

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STU:62M Metro Inc STU:62M
95 GF Score
Price €55.50
GF Value €58.86
Valuation Fairly Valued
View Full Analysis

What is Metro Cyclically Adjusted PB Ratio?

Metro STU:62M 95 Cyclically Adjusted PB Ratio is 3.19 as of Aug. 12, 2026, which is 18% below its 10-year median of 3.89. GuruFocus rates STU:62M with a GF Score™ of 95/100 and a GF Value™ of €58.86 (Fairly Valued). Among 231 Retail - Defensive companies, Metro ranks worse than 67.97% on this metric.

As of today (2026-08-12), Metro's current share price is €55.50. Metro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €17.40. Metro's Cyclically Adjusted PB Ratio for today is 3.19.

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

STU:62M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.98   Med: 3.89   Max: 5.08
Current: 3.21

During the past years, Metro's highest Cyclically Adjusted PB Ratio was 5.08. The lowest was 2.98. And the median was 3.89.

STU:62M's Cyclically Adjusted PB Ratio is ranked worse than
67.97% of 231 companies
in the Retail - Defensive industry
Industry Median: 1.64 vs STU:62M: 3.21

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.

Metro's adjusted book value per share data for the three months ended in Mar. 2026 was €20.744. 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 €17.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metro  (STU:62M) 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.


Metro Cyclically Adjusted PB Ratio Related Terms


Metro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Metro'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.

Metro Cyclically Adjusted PB Ratio Chart

Metro 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 3.72 3.54 3.20 3.54 3.51

Metro 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 3.93 4.10 3.51 3.64 3.40

STU:62M vs KR, SFM, ACI: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, Metro'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.


Metro Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:62M
95GF Score
Metro Inc STU:62M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metro 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.50/17.40
=3.19

* 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.

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

For example, Metro'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)
=20.744/132.2623*132.2623
=20.744

Current CPI (Mar. 2026) = 132.2623.

Metro Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.874 102.002 10.210
201609 7.792 101.765 10.127
201612 8.361 101.449 10.901
201703 8.240 102.634 10.619
201706 8.102 103.029 10.401
201709 8.757 103.345 11.207
201712 12.213 103.345 15.630
201803 11.740 105.004 14.788
201806 14.028 105.557 17.577
201809 14.513 105.636 18.171
201812 14.729 105.399 18.483
201903 15.008 106.979 18.555
201906 15.411 107.690 18.927
201909 16.087 107.611 19.772
201912 15.886 107.769 19.496
202003 0.000 107.927 0.000
202006 15.831 108.401 19.316
202009 15.751 108.164 19.260
202012 16.023 108.559 19.521
202103 16.927 110.298 20.298
202106 17.682 111.720 20.933
202109 17.671 112.905 20.701
202112 18.454 113.774 21.453
202203 19.397 117.646 21.807
202206 20.453 120.806 22.393
202209 21.137 120.648 23.172
202212 19.762 120.964 21.608
202303 19.496 122.702 21.015
202306 20.305 124.203 21.623
202309 20.598 125.230 21.755
202312 20.566 125.072 21.748
202403 20.639 126.258 21.621
202406 20.861 127.522 21.637
202409 20.999 127.285 21.820
202412 21.545 127.364 22.374
202503 20.768 129.181 21.263
202506 20.795 129.892 21.174
202509 20.152 130.287 20.458
202512 20.390 130.366 20.687
202603 20.744 132.262 20.744

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 3.19 mean?
Metro (STU:62M) has a Cyclically Adjusted PB Ratio of 3.19 as of Aug. 12, 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 Metro and its competitors. This is 18% below median its historical median of 3.89. Over the past decade, Metro's Cyclically Adjusted PB Ratio has ranged from 2.98 to 5.08. According to the industry distribution chart, Metro ranks #157 out of 231 companies in the Retail - Defensive industry, placing it in the top 68%.
Is Metro's Cyclically Adjusted PB Ratio too high?
Metro's current Cyclically Adjusted PB Ratio of 3.19 is 18% below median its 10-year median of 3.89. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 5.08. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.64. Metro's value of 3.19 is 94.5% above this industry median. Based on the distribution chart, Metro ranks #157 out of 231 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Metro has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Metro's Cyclically Adjusted PB Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Metro ranks #157 out of 231 companies for Cyclically Adjusted PB Ratio. This places Metro in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Metro's value of 3.19 is 94.5% above this benchmark. Historically, Metro's own Cyclically Adjusted PB Ratio has ranged from 2.98 to 5.08 over the past decade. While the company's 10-year median is 3.89 vs. the industry median of 1.64, Metro 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.64, based on 231 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. Metro's current Cyclically Adjusted PB Ratio of 3.19 is 94.5% 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 Metro and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro's current Cyclically Adjusted PB Ratio is 3.19, which is 18% below median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro stock overvalued right now?
Based on GuruFocus' analysis, Metro (STU:62M) is currently considered Fairly Valued. The stock's GF Value™ is €58.86, compared to a current price of €55.50 — trading 5.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.19, which is 18% below median its 10-year median of 3.89 and 94.5% above the Retail - Defensive industry median of 1.64. Metro's overall GF Score™ is 95/100. 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 Metro (STU:62M), the current Cyclically Adjusted PB Ratio is 3.19 as of Aug. 12, 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 Metro (STU:62M) Overvalued in 2026?

Based on GuruFocus' analysis, Metro stock appears to be undervalued. The current stock price of €55.50 is trading 5.7% below its estimated GF Value™ of €58.86. GuruFocus considers Metro to be Fairly Valued.

Key valuation signals for STU:62M:

  • Cyclically Adjusted PB Ratio: 3.19 (18% below median its 10-year median of 3.89)
  • GF Value™: €58.86 vs. price of €55.50 (5.7% below fair value)
  • GF Score™: 95/100
  • Industry Position: 94.5% above the Retail - Defensive median (#157 of 231)

No single metric tells the full story. See the STU:62M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metro Business Description

Other Exchanges MTRAF:USAMRU:Canada
Address 11011 Maurice-Duplessis, Finances, Montreal, Montreal, QC, CAN, H1C 1V6
Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks. Metro operates both as a food retailer and a franchisor, licensing its trademarks and supplying merchandise to registered pharmacists. The firm also acts as a wholesaler and distributor to serve smaller, neighborhood grocery stores. Unlike peers Loblaws and Sobeys that operate chain stores across Canada, Metro's operations are concentrated in Quebec and Ontario, with no presence in western Canada.
95GF Score

Get the complete analysis for STU:62M

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

€55.50
Price
€58.86
GF Value