Mene (TSXV:MENE) Cyclically Adjusted PB Ratio: 4.50 (As of Aug. 03, 2026) — 484% Above Median

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Director of Data and Quant Analytics at GuruFocus
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TSXV:MENE Mene Inc TSXV:MENE
44 GF Score
Price C$0.18
GF Value C$0.18
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Mene Cyclically Adjusted PB Ratio?

Mene TSXV:MENE 44 Cyclically Adjusted PB Ratio is 4.50 as of Aug. 03, 2026, which is 484% above its 10-year median of 0.77. GuruFocus rates TSXV:MENE with a GF Score™ of 44/100 and a GF Value™ of C$0.18 (Fairly Valued). The stock has 1 warning sign investors should review. Among 806 Retail - Cyclical companies, Mene ranks worse than 84.62% on this metric.

As of today (2026-08-03), Mene's current share price is C$0.18. Mene's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.04. Mene's Cyclically Adjusted PB Ratio for today is 4.50.

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

TSXV:MENE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.77   Max: 8
Current: 4.22

During the past years, Mene's highest Cyclically Adjusted PB Ratio was 8.00. The lowest was 0.06. And the median was 0.77.

TSXV:MENE's Cyclically Adjusted PB Ratio is ranked worse than
84.62% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs TSXV:MENE: 4.22

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.

Mene's adjusted book value per share data for the three months ended in Mar. 2026 was C$0.079. 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$0.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mene  (TSXV:MENE) 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.


Mene Cyclically Adjusted PB Ratio Related Terms


Mene Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mene'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.

Mene Cyclically Adjusted PB Ratio Chart

Mene Annual Data
Trend Oct16 Oct17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 1.09 3.46 4.65 4.03

Mene 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 4.74 4.66 4.88 4.03 4.69

TSXV:MENE vs TPR: Cyclically Adjusted PB Ratio Comparison

For the Luxury Goods subindustry, Mene'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.


Mene Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

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


TSXV:MENE
44GF Score
Mene Inc TSXV:MENE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mene 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.18/0.04
=4.50

* 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.

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

For example, Mene'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)
=0.079/132.2623*132.2623
=0.079

Current CPI (Mar. 2026) = 132.2623.

Mene Quarterly Data

Book Value per Share CPI Adj_Book
201604 -0.117 101.370 -0.153
201607 -0.135 101.844 -0.175
201610 -0.140 102.002 -0.182
201701 -0.148 102.318 -0.191
201704 -0.078 103.029 -0.100
201707 0.055 103.029 0.071
201710 0.053 103.424 0.068
201801 0.045 104.056 0.057
201804 0.038 105.320 0.048
201807 0.032 106.110 0.040
201812 0.080 105.399 0.100
201903 0.077 106.979 0.095
201906 0.076 107.690 0.093
201909 0.071 107.611 0.087
201912 0.062 107.769 0.076
202003 0.059 107.927 0.072
202006 0.053 108.401 0.065
202009 0.050 108.164 0.061
202012 0.047 108.559 0.057
202103 0.070 110.298 0.084
202106 0.067 111.720 0.079
202109 0.069 112.905 0.081
202112 0.068 113.774 0.079
202203 0.066 117.646 0.074
202206 0.066 120.806 0.072
202209 0.070 120.648 0.077
202212 0.067 120.964 0.073
202303 0.065 122.702 0.070
202306 0.066 124.203 0.070
202309 0.066 125.230 0.070
202312 0.062 125.072 0.066
202403 0.061 126.258 0.064
202406 0.062 127.522 0.064
202409 0.062 127.285 0.064
202412 0.068 127.364 0.071
202503 0.068 129.181 0.070
202506 0.066 129.892 0.067
202509 0.068 130.287 0.069
202512 0.073 130.366 0.074
202603 0.079 132.262 0.079

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 4.50 mean?
Mene (TSXV:MENE) has a Cyclically Adjusted PB Ratio of 4.50 as of Aug. 03, 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 Mene and its competitors. This is 484% above median its historical median of 0.77. Over the past decade, Mene's Cyclically Adjusted PB Ratio has ranged from 0.06 to 8.00. According to the industry distribution chart, Mene ranks #682 out of 806 companies in the Retail - Cyclical industry, placing it in the top 84.6%.
Is Mene's Cyclically Adjusted PB Ratio too high?
Mene's current Cyclically Adjusted PB Ratio of 4.50 is 484% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 8.00. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Mene's value of 4.50 is 260% above this industry median. Based on the distribution chart, Mene ranks #682 out of 806 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Mene has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mene's Cyclically Adjusted PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Mene ranks #682 out of 806 companies for Cyclically Adjusted PB Ratio. This places Mene in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Mene's value of 4.50 is 260% above this benchmark. Historically, Mene's own Cyclically Adjusted PB Ratio has ranged from 0.06 to 8.00 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.25, Mene 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 - 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. Mene's current Cyclically Adjusted PB Ratio of 4.50 is 260% 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 Mene 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. Mene's current Cyclically Adjusted PB Ratio is 4.50, which is 484% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mene stock overvalued right now?
Based on GuruFocus' analysis, Mene (TSXV:MENE) is currently considered Fairly Valued. The stock's GF Value™ is C$0.18, compared to a current price of C$0.18 — trading right at its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.50, which is 484% above median its 10-year median of 0.77 and 260% above the Retail - Cyclical industry median of 1.25. Mene's overall GF Score™ is 44/100 with 1 warning sign 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 Mene (TSXV:MENE), the current Cyclically Adjusted PB Ratio is 4.50 as of Aug. 03, 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 Mene (TSXV:MENE) Overvalued in 2026?

Based on GuruFocus' analysis, Mene stock appears to be undervalued. The current stock price of C$0.18 is trading 0% below its estimated GF Value™ of C$0.18. GuruFocus considers Mene to be Fairly Valued.

Key valuation signals for TSXV:MENE:

  • Cyclically Adjusted PB Ratio: 4.50 (484% above median its 10-year median of 0.77)
  • GF Value™: C$0.18 vs. price of C$0.18 (0% below fair value)
  • GF Score™: 44/100 with 1 warning sign
  • Industry Position: 260% above the Retail - Cyclical median (#682 of 806)

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


Mene Business Description

Other Exchanges MENEF:USA
Address 334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4
Mene Inc designs, manufactures, and markets 24 karat gold and platinum jewelry under the brand name Mene. The Company retails its jewelry by gram weight, direct-to-consumer through an online shopping experience. The Company sells 24 karat gold and platinum jewelry, including chains, bracelets, rings, pendants, charms, earrings, and bands.
44GF Score

Get the complete analysis for TSXV:MENE

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

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