Meta Platforms (TSX:META) Cyclically Adjusted PB Ratio: 9.93 (As of Aug. 20, 2026) — 24% Below Median

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TSX:META Meta Platforms Inc TSX:META
91 GF Score
Price C$29.00
GF Value C$44.65
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Meta Platforms Cyclically Adjusted PB Ratio?

Meta Platforms TSX:META -0.10% 91 Cyclically Adjusted PB Ratio is 9.93 as of Aug. 20, 2026, which is 24% below its 10-year median of 13.01. GuruFocus rates TSX:META with a GF Score™ of 91/100 and a GF Value™ of C$44.65 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 341 Interactive Media companies, Meta Platforms ranks worse than 94.13% on this metric.

As of today (2026-08-20), Meta Platforms's current share price is C$29.00. Meta Platforms's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$2.92. Meta Platforms's Cyclically Adjusted PB Ratio for today is 9.93.

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

TSX:META' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.11   Med: 13.01   Max: 17.39
Current: 9.98

During the past years, Meta Platforms's highest Cyclically Adjusted PB Ratio was 17.39. The lowest was 3.11. And the median was 13.01.

TSX:META's Cyclically Adjusted PB Ratio is ranked worse than
94.13% of 341 companies
in the Interactive Media industry
Industry Median: 1.43 vs TSX:META: 9.98

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.

Meta Platforms's adjusted book value per share data for the three months ended in Jun. 2026 was C$5.845. 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 C$2.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meta Platforms  (TSX: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

TSX: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.


TSX:META
91GF Score
Meta Platforms Inc TSX:META
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.00/2.92
=9.93

* 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'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)
=5.845/333.9520*333.9520
=5.845

Current CPI (Jun. 2026) = 333.9520.

Meta Platforms Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.002 241.428 1.386
201612 1.109 241.432 1.534
201703 1.169 243.801 1.601
201706 1.238 244.955 1.688
201709 1.223 246.819 1.655
201712 1.327 246.524 1.798
201803 1.406 249.554 1.882
201806 1.464 251.989 1.940
201809 1.481 252.439 1.959
201812 1.609 251.233 2.139
201903 1.646 254.202 2.162
201906 1.679 256.143 2.189
201909 1.772 256.759 2.305
201912 1.896 256.974 2.464
202003 2.095 258.115 2.711
202006 2.134 257.797 2.764
202009 2.221 260.280 2.850
202012 2.344 260.474 3.005
202103 2.403 264.877 3.030
202106 2.429 271.696 2.986
202109 2.458 274.310 2.992
202112 2.370 278.802 2.839
202203 2.336 287.504 2.713
202206 2.426 296.311 2.734
202209 2.524 296.808 2.840
202212 2.655 296.797 2.987
202303 2.704 301.836 2.992
202306 2.812 305.109 3.078
202309 3.055 307.789 3.315
202312 3.260 306.746 3.549
202403 3.242 312.332 3.466
202406 3.446 314.175 3.663
202409 3.588 315.301 3.800
202412 4.172 315.605 4.415
202503 4.278 319.799 4.467
202506 4.306 322.561 4.458
202509 4.327 324.800 4.449
202512 4.814 324.054 4.961
202603 5.352 330.213 5.413
202606 5.845 333.952 5.845

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 9.93 mean?
Meta Platforms (TSX:META) has a Cyclically Adjusted PB Ratio of 9.93 as of Aug. 20, 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 Meta Platforms and its competitors. This is 24% below median its historical median of 13.01. Over the past decade, Meta Platforms' Cyclically Adjusted PB Ratio has ranged from 3.11 to 17.39. According to the industry distribution chart, Meta Platforms ranks #321 out of 341 companies in the Interactive Media industry, placing it in the top 94.1%.
Is Meta Platforms' Cyclically Adjusted PB Ratio too high?
Meta Platforms' current Cyclically Adjusted PB Ratio of 9.93 is 24% below median its 10-year median of 13.01. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 17.39. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.43. Meta Platforms' value of 9.93 is 594.4% above this industry median. Based on the distribution chart, Meta Platforms ranks #321 out of 341 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Meta Platforms has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Meta Platforms' Cyclically Adjusted PB Ratio compare to SPOT and NBIS?
According to the Interactive Media industry distribution chart, Meta Platforms ranks #321 out of 341 companies for Cyclically Adjusted PB Ratio. This places Meta Platforms in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Meta Platforms' value of 9.93 is 594.4% above this benchmark. Historically, Meta Platforms' own Cyclically Adjusted PB Ratio has ranged from 3.11 to 17.39 over the past decade. While the company's 10-year median is 13.01 vs. the industry median of 1.43, Meta Platforms 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.43, based on 341 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. Meta Platforms's current Cyclically Adjusted PB Ratio of 9.93 is 594.4% 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 Meta Platforms and its competitors. For the Interactive Media 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. Meta Platforms's current Cyclically Adjusted PB Ratio is 9.93, which is 24% below median its own 10-year median of 13.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Platforms stock overvalued right now?
Based on GuruFocus' analysis, Meta Platforms (TSX:META) is currently considered Significantly Undervalued. The stock's GF Value™ is C$44.65, compared to a current price of C$29.00 — trading 35.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.93, which is 24% below median its 10-year median of 13.01 and 594.4% above the Interactive Media industry median of 1.43. Meta Platforms' overall GF Score™ is 91/100 with 2 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 Meta Platforms (TSX:META), the current Cyclically Adjusted PB Ratio is 9.93 as of Aug. 20, 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 Meta Platforms (TSX:META) Overvalued in 2026?

Based on GuruFocus' analysis, Meta Platforms stock appears to be undervalued. The current stock price of C$29.00 is trading 35.1% below its estimated GF Value™ of C$44.65. GuruFocus considers Meta Platforms to be Significantly Undervalued.

Key valuation signals for TSX:META:

  • Cyclically Adjusted PB Ratio: 9.93 (24% below median its 10-year median of 13.01)
  • GF Value™: C$44.65 vs. price of C$29.00 (35.1% below fair value)
  • GF Score™: 91/100 with 2 warning signs
  • Industry Position: 594.4% above the Interactive Media median (#321 of 341)

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


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.
91GF Score

Get the complete analysis for TSX:META

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

C$29.00
Price
C$44.65
GF Value