MarineMax (STU:MLW) Cyclically Adjusted PB Ratio: 1.06 (As of Aug. 02, 2026) — 32% Below Median

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STU:MLW MarineMax Inc STU:MLW
71 GF Score
Price €29.80
GF Value €23.49
Valuation Modestly Overvalued
! 9 Warning Signs
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What is MarineMax Cyclically Adjusted PB Ratio?

MarineMax STU:MLW -1.32% 71 Cyclically Adjusted PB Ratio is 1.06 as of Aug. 02, 2026, which is 32% below its 10-year median of 1.56. GuruFocus rates STU:MLW with a GF Score™ of 71/100 and a GF Value™ of €23.49 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 806 Retail - Cyclical companies, MarineMax ranks better than 54.59% on this metric.

As of today (2026-08-02), MarineMax's current share price is €29.80. MarineMax's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €28.19. MarineMax's Cyclically Adjusted PB Ratio for today is 1.06.

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

STU:MLW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.56   Max: 4.69
Current: 1.06

During the past years, MarineMax's highest Cyclically Adjusted PB Ratio was 4.69. The lowest was 0.63. And the median was 1.56.

STU:MLW's Cyclically Adjusted PB Ratio is ranked better than
54.59% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs STU:MLW: 1.06

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.

MarineMax's adjusted book value per share data for the three months ended in Jun. 2026 was €37.532. 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 €28.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MarineMax  (STU:MLW) 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.


MarineMax Cyclically Adjusted PB Ratio Related Terms


MarineMax Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MarineMax'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.

MarineMax Cyclically Adjusted PB Ratio Chart

MarineMax 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 3.17 1.59 1.47 1.36 0.85

MarineMax 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 0.87 0.85 0.80 0.86 1.13

STU:MLW vs WOOF, ARKO, BWMX: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, MarineMax'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.


MarineMax Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


STU:MLW
71GF Score
MarineMax Inc STU:MLW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MarineMax 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.80/28.19
=1.06

* 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.

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

For example, MarineMax'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)
=37.532/333.9520*333.9520
=37.532

Current CPI (Jun. 2026) = 333.9520.

MarineMax Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.464 241.428 15.857
201612 12.338 241.432 17.066
201703 12.317 243.801 16.871
201706 12.272 244.955 16.731
201709 11.584 246.819 15.673
201712 11.847 246.524 16.048
201803 11.636 249.554 15.571
201806 12.990 251.989 17.215
201809 13.347 252.439 17.657
201812 13.914 251.233 18.495
201903 14.280 254.202 18.760
201906 15.110 256.143 19.700
201909 15.706 256.759 20.428
201912 15.938 256.974 20.712
202003 16.315 258.115 21.109
202006 17.701 257.797 22.930
202009 17.684 260.280 22.689
202012 17.928 260.474 22.985
202103 19.842 264.877 25.016
202106 21.700 271.696 26.672
202109 23.172 274.310 28.210
202112 25.505 278.802 30.550
202203 28.323 287.504 32.899
202206 32.632 296.311 36.777
202209 36.474 296.808 41.039
202212 35.089 296.797 39.482
202303 36.269 301.836 40.128
202306 37.917 305.109 41.501
202309 38.816 307.789 42.115
202312 38.044 306.746 41.418
202403 38.422 312.332 41.082
202406 40.383 314.175 42.925
202409 38.999 315.301 41.306
202412 41.784 315.605 44.213
202503 41.450 319.799 43.284
202506 38.007 322.561 39.349
202509 36.512 324.800 37.541
202512 36.166 324.054 37.271
202603 36.608 330.213 37.023
202606 37.532 333.952 37.532

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 1.06 mean?
MarineMax (STU:MLW) has a Cyclically Adjusted PB Ratio of 1.06 as of Aug. 02, 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 MarineMax and its competitors. This is 32% below median its historical median of 1.56. Over the past decade, MarineMax's Cyclically Adjusted PB Ratio has ranged from 0.63 to 4.69. According to the industry distribution chart, MarineMax ranks #366 out of 806 companies in the Retail - Cyclical industry, placing it in the top 45.4%.
Is MarineMax's Cyclically Adjusted PB Ratio too high?
MarineMax's current Cyclically Adjusted PB Ratio of 1.06 is 32% below median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 4.69. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. MarineMax's value of 1.06 is 15.2% below this industry median. Based on the distribution chart, MarineMax ranks #366 out of 806 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, MarineMax has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MarineMax's Cyclically Adjusted PB Ratio compare to WOOF and ARKO?
According to the Retail - Cyclical industry distribution chart, MarineMax ranks #366 out of 806 companies for Cyclically Adjusted PB Ratio. This puts MarineMax in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. MarineMax's value of 1.06 is 15.2% below this benchmark. Historically, MarineMax's own Cyclically Adjusted PB Ratio has ranged from 0.63 to 4.69 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.25, MarineMax has consistently been below 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 - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 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. MarineMax's current Cyclically Adjusted PB Ratio of 1.06 is 15.2% below 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 MarineMax and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarineMax's current Cyclically Adjusted PB Ratio is 1.06, which is 32% below median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MarineMax stock overvalued right now?
Based on GuruFocus' analysis, MarineMax (STU:MLW) is currently considered Modestly Overvalued. The stock's GF Value™ is €23.49, compared to a current price of €29.80 — trading 26.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.06, which is 32% below median its 10-year median of 1.56 and 15.2% below the Retail - Cyclical industry median of 1.25. MarineMax's overall GF Score™ is 71/100 with 9 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 MarineMax (STU:MLW), the current Cyclically Adjusted PB Ratio is 1.06 as of Aug. 02, 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 MarineMax (STU:MLW) Overvalued in 2026?

Based on GuruFocus' analysis, MarineMax stock appears to be overvalued. The current stock price of €29.80 is trading 26.9% above its estimated GF Value™ of €23.49. GuruFocus considers MarineMax to be Modestly Overvalued.

Key valuation signals for STU:MLW:

  • Cyclically Adjusted PB Ratio: 1.06 (32% below median its 10-year median of 1.56)
  • GF Value™: €23.49 vs. price of €29.80 (26.9% above fair value)
  • GF Score™: 71/100 with 9 warning signs
  • Industry Position: 15.2% below the Retail - Cyclical median (#366 of 806)

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


MarineMax Business Description

Other Exchanges HZO:USA
Address 501 Brooker Creek Boulevard, Oldsmar, FL, USA, 34677
MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S and international market.
71GF Score

Get the complete analysis for STU:MLW

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

€29.80
Price
€23.49
GF Value