Spin Master (TSX:TOY) Cyclically Adjusted PB Ratio: 1.66 (As of Jul. 20, 2026) — 19% Below Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:TOY Spin Master Corp TSX:TOY
75 GF Score
Price C$22.39
GF Value C$33.93
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Spin Master Cyclically Adjusted PB Ratio?

Spin Master TSX:TOY -0.67% 75 Cyclically Adjusted PB Ratio is 1.66 as of Jul. 20, 2026, which is 19% below its 10-year median of 2.04. GuruFocus rates TSX:TOY with a GF Score™ of 75/100 and a GF Value™ of C$33.93 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 650 Travel & Leisure companies, Spin Master ranks worse than 60.62% on this metric.

As of today (2026-07-20), Spin Master's current share price is C$22.39. Spin Master's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$13.46. Spin Master's Cyclically Adjusted PB Ratio for today is 1.66.

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

TSX:TOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 2.04   Max: 3.33
Current: 1.66

During the past years, Spin Master's highest Cyclically Adjusted PB Ratio was 3.33. The lowest was 1.31. And the median was 2.04.

TSX:TOY's Cyclically Adjusted PB Ratio is ranked worse than
60.62% of 650 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs TSX:TOY: 1.66

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.

Spin Master's adjusted book value per share data for the three months ended in Mar. 2026 was C$16.033. 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$13.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spin Master  (TSX:TOY) 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.


Spin Master Cyclically Adjusted PB Ratio Related Terms


Spin Master Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spin Master'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.

Spin Master Cyclically Adjusted PB Ratio Chart

Spin Master 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 0.00 0.00 0.00 3.01 1.47

Spin Master 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 2.08 1.90 1.53 1.47 1.32

TSX:TOY vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Spin Master'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.


Spin Master Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Spin Master's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSX:TOY
75GF Score
Spin Master Corp TSX:TOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spin Master 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.

Spin Master's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.39/13.46
=1.66

* 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.

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

For example, Spin Master'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)
=16.033/132.2623*132.2623
=16.033

Current CPI (Mar. 2026) = 132.2623.

Spin Master Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.967 102.002 3.847
201609 4.134 101.765 5.373
201612 4.273 101.449 5.571
201703 4.448 102.634 5.732
201706 4.749 103.029 6.096
201709 5.751 103.345 7.360
201712 6.280 103.345 8.037
201803 6.490 105.004 8.175
201806 6.885 105.557 8.627
201809 8.616 105.636 10.788
201812 8.745 105.399 10.974
201903 8.629 106.979 10.668
201906 8.831 107.690 10.846
201909 9.923 107.611 12.196
201912 9.798 107.769 12.025
202003 9.668 107.927 11.848
202006 9.464 108.401 11.547
202009 10.528 108.164 12.874
202012 10.585 108.559 12.896
202103 10.485 110.298 12.573
202106 10.765 111.720 12.744
202109 12.662 112.905 14.833
202112 13.155 113.774 15.293
202203 13.638 117.646 15.332
202206 14.488 120.806 15.862
202209 16.006 120.648 17.547
202212 16.526 120.964 18.070
202303 16.334 122.702 17.607
202306 16.523 124.203 17.595
202309 18.450 125.230 19.486
202312 18.359 125.072 19.414
202403 17.460 126.258 18.290
202406 17.115 127.522 17.751
202409 18.766 127.285 19.500
202412 19.512 127.364 20.262
202503 19.198 129.181 19.656
202506 17.978 129.892 18.306
202509 19.482 130.287 19.777
202512 16.793 130.366 17.037
202603 16.033 132.262 16.033

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 1.66 mean?
Spin Master (TSX:TOY) has a Cyclically Adjusted PB Ratio of 1.66 as of Jul. 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 Spin Master and its competitors. This is 19% below median its historical median of 2.04. Over the past decade, Spin Master's Cyclically Adjusted PB Ratio has ranged from 1.31 to 3.33. According to the industry distribution chart, Spin Master ranks #394 out of 650 companies in the Travel & Leisure industry, placing it in the top 60.6%.
Is Spin Master's Cyclically Adjusted PB Ratio too high?
Spin Master's current Cyclically Adjusted PB Ratio of 1.66 is 19% below median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 3.33. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Spin Master's value of 1.66 is 38.3% above this industry median. Based on the distribution chart, Spin Master ranks #394 out of 650 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Spin Master has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spin Master's Cyclically Adjusted PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Spin Master ranks #394 out of 650 companies for Cyclically Adjusted PB Ratio. This places Spin Master in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Spin Master's value of 1.66 is 38.3% above this benchmark. Historically, Spin Master's own Cyclically Adjusted PB Ratio has ranged from 1.31 to 3.33 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 1.20, Spin Master 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 650 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. Spin Master's current Cyclically Adjusted PB Ratio of 1.66 is 38.3% 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 Spin Master and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spin Master's current Cyclically Adjusted PB Ratio is 1.66, which is 19% below median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spin Master stock overvalued right now?
Based on GuruFocus' analysis, Spin Master (TSX:TOY) is currently considered Significantly Undervalued. The stock's GF Value™ is C$33.93, compared to a current price of C$22.39 — trading 34% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.66, which is 19% below median its 10-year median of 2.04 and 38.3% above the Travel & Leisure industry median of 1.20. Spin Master's overall GF Score™ is 75/100 with 6 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 Spin Master (TSX:TOY), the current Cyclically Adjusted PB Ratio is 1.66 as of Jul. 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 Spin Master (TSX:TOY) Overvalued in 2026?

Based on GuruFocus' analysis, Spin Master stock appears to be undervalued. The current stock price of C$22.39 is trading 34% below its estimated GF Value™ of C$33.93. GuruFocus considers Spin Master to be Significantly Undervalued.

Key valuation signals for TSX:TOY:

  • Cyclically Adjusted PB Ratio: 1.66 (19% below median its 10-year median of 2.04)
  • GF Value™: C$33.93 vs. price of C$22.39 (34% below fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 38.3% above the Travel & Leisure median (#394 of 650)

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


Spin Master Business Description

Other Exchanges SNMSF:USASP9:Germany
Address 225 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2
Spin Master is a children's entertainment company operating in the nearly $120 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, infant, toddler, preschool & plush, and activities, games & puzzles, dolls, and interactive). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Hatchimals, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Gund, and Melissa & Doug. The company has global reach, with 29 offices in nearly 20 countries and sales in over 100 markets.
75GF Score

Get the complete analysis for TSX:TOY

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

C$22.39
Price
C$33.93
GF Value