Fomento Economico MexicanoB de CV (STU:FOMA) Cyclically Adjusted PB Ratio: 2.28 (As of Aug. 19, 2026) — Near Median

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STU:FOMA Fomento Economico Mexicano SAB de CV STU:FOMA
91 GF Score
Price €101.00
GF Value €114.33
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio?

Fomento Economico MexicanoB de CV STU:FOMA 91 Cyclically Adjusted PB Ratio is 2.28 as of Aug. 19, 2026, which is 6% below its 10-year median of 2.43. GuruFocus rates STU:FOMA with a GF Score™ of 91/100 and a GF Value™ of €114.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 163 Beverages - Alcoholic companies, Fomento Economico MexicanoB de CV ranks worse than 66.26% on this metric.

As of today (2026-08-19), Fomento Economico MexicanoB de CV's current share price is €101.00. Fomento Economico MexicanoB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €44.21. Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio for today is 2.28.

The historical rank and industry rank for Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:FOMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.65   Med: 2.43   Max: 4.73
Current: 2.25

During the past years, Fomento Economico MexicanoB de CV's highest Cyclically Adjusted PB Ratio was 4.73. The lowest was 1.65. And the median was 2.43.

STU:FOMA's Cyclically Adjusted PB Ratio is ranked worse than
66.26% of 163 companies
in the Beverages - Alcoholic industry
Industry Median: 1.43 vs STU:FOMA: 2.25

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.

Fomento Economico MexicanoB de CV's adjusted book value per share data for the three months ended in Jun. 2026 was €31.622. 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 €44.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fomento Economico MexicanoB de CV  (STU:FOMA) 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.


Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio Related Terms


Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio Chart

Fomento Economico MexicanoB de CV 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 2.23 2.00 2.72 2.07 2.05

Fomento Economico MexicanoB de CV 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 2.20 2.05 2.05 2.21 2.51

STU:FOMA vs STZ, TAP: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.


Fomento Economico MexicanoB de CV Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio falls into.


STU:FOMA
91GF Score
Fomento Economico Mexicano SAB de CV STU:FOMA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fomento Economico MexicanoB de CV 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.

Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=101.00/44.21
=2.28

* 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.

Fomento Economico MexicanoB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fomento Economico MexicanoB de CV'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)
=31.622/165.5700*165.5700
=31.622

Current CPI (Jun. 2026) = 165.5700.

Fomento Economico MexicanoB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.725 103.084 42.925
201612 27.230 105.002 42.937
201703 27.920 108.063 42.778
201706 27.605 108.339 42.188
201709 30.870 109.628 46.623
201712 30.096 112.114 44.446
201803 28.180 113.505 41.106
201806 28.987 113.373 42.333
201809 30.255 115.130 43.510
201812 32.160 117.530 45.305
201903 31.002 118.050 43.482
201906 32.606 117.848 45.810
201909 33.221 118.581 46.385
201912 33.606 120.854 46.040
202003 29.562 121.885 40.157
202006 26.852 121.777 36.508
202009 26.377 123.341 35.408
202012 27.456 124.661 36.466
202103 26.458 127.574 34.338
202106 27.533 128.936 35.356
202109 29.543 130.742 37.413
202112 31.661 133.830 39.170
202203 33.401 137.082 40.342
202206 32.633 139.233 38.806
202209 36.198 142.116 42.172
202212 35.535 144.291 40.775
202303 41.408 146.472 46.807
202306 43.109 146.272 48.797
202309 45.205 148.446 50.420
202312 45.876 151.017 50.297
202403 42.273 152.947 45.762
202406 41.204 153.551 44.429
202409 38.716 155.246 41.291
202412 38.072 157.378 40.054
202503 40.151 158.761 41.873
202506 32.135 160.180 33.216
202509 32.772 161.030 33.696
202512 33.854 163.190 34.348
202603 29.559 166.040 29.475
202606 31.622 165.570 31.622

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 2.28 mean?
Fomento Economico MexicanoB de CV (STU:FOMA) has a Cyclically Adjusted PB Ratio of 2.28 as of Aug. 19, 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 Fomento Economico MexicanoB de CV and its competitors. This is near median its historical median of 2.43. Over the past decade, Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio has ranged from 1.65 to 4.73. According to the industry distribution chart, Fomento Economico MexicanoB de CV ranks #108 out of 163 companies in the Beverages - Alcoholic industry, placing it in the top 66.3%.
Is Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio too high?
Fomento Economico MexicanoB de CV's current Cyclically Adjusted PB Ratio of 2.28 is near median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 4.73. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.43. Fomento Economico MexicanoB de CV's value of 2.28 is 59.4% above this industry median. Based on the distribution chart, Fomento Economico MexicanoB de CV ranks #108 out of 163 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Fomento Economico MexicanoB de CV has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fomento Economico MexicanoB de CV's Cyclically Adjusted PB Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Fomento Economico MexicanoB de CV ranks #108 out of 163 companies for Cyclically Adjusted PB Ratio. This places Fomento Economico MexicanoB de CV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Fomento Economico MexicanoB de CV's value of 2.28 is 59.4% above this benchmark. Historically, Fomento Economico MexicanoB de CV's own Cyclically Adjusted PB Ratio has ranged from 1.65 to 4.73 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.43, Fomento Economico MexicanoB de CV 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.43, based on 163 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. Fomento Economico MexicanoB de CV's current Cyclically Adjusted PB Ratio of 2.28 is 59.4% 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 Fomento Economico MexicanoB de CV and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomento Economico MexicanoB de CV's current Cyclically Adjusted PB Ratio is 2.28, which is near median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomento Economico MexicanoB de CV stock overvalued right now?
Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV (STU:FOMA) is currently considered Modestly Undervalued. The stock's GF Value™ is €114.33, compared to a current price of €101.00 — trading 11.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.28, which is near median its 10-year median of 2.43 and 59.4% above the Beverages - Alcoholic industry median of 1.43. Fomento Economico MexicanoB de CV's overall GF Score™ is 91/100 with 4 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 Fomento Economico MexicanoB de CV (STU:FOMA), the current Cyclically Adjusted PB Ratio is 2.28 as of Aug. 19, 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 Fomento Economico MexicanoB de CV (STU:FOMA) Overvalued in 2026?

Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV stock appears to be undervalued. The current stock price of €101.00 is trading 11.7% below its estimated GF Value™ of €114.33. GuruFocus considers Fomento Economico MexicanoB de CV to be Modestly Undervalued.

Key valuation signals for STU:FOMA:

  • Cyclically Adjusted PB Ratio: 2.28 (near median its 10-year median of 2.43)
  • GF Value™: €114.33 vs. price of €101.00 (11.7% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 59.4% above the Beverages - Alcoholic median (#108 of 163)

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


Fomento Economico MexicanoB de CV Business Description

Address General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up over 70% of total company revenue and over 90% of profits in 2025.
91GF Score

Get the complete analysis for STU:FOMA

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

€101.00
Price
€114.33
GF Value