Mene (TSXV:MENE) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

TSXV:MENE Mene Inc TSXV:MENE
43 GF Score
Price C$0.16
GF Value C$0.19
Valuation Modestly Undervalued
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What is Mene Cyclically Adjusted PB Ratio?

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 1.44 5.88 20.00 3.97 3.19

Mene 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 4.53 4.85 3.95 4.65 3.78

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
43GF Score
Mene Inc TSXV:MENE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mene'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)
=0.083/133.5265*133.5265
=0.083

Current CPI (Jun. 2026) = 133.5265.

Mene Quarterly Data

Book Value per Share CPI Adj_Book
201607 -0.136 101.844 -0.178
201610 -0.141 102.002 -0.185
201701 -0.148 102.318 -0.193
201704 -0.078 103.029 -0.101
201707 0.055 103.029 0.071
201710 0.053 103.424 0.068
201801 0.045 104.056 0.058
201804 0.038 105.320 0.048
201809 0.048 105.636 0.061
201812 0.080 105.399 0.101
201903 0.077 106.979 0.096
201906 0.076 107.690 0.094
201909 0.071 107.611 0.088
201912 0.062 107.769 0.077
202003 0.059 107.927 0.073
202006 0.053 108.401 0.065
202009 0.050 108.164 0.062
202012 0.047 108.559 0.058
202103 0.070 110.298 0.085
202106 0.067 111.720 0.080
202109 0.069 112.905 0.082
202112 0.068 113.774 0.080
202203 0.066 117.646 0.075
202206 0.066 120.806 0.073
202209 0.070 120.648 0.077
202212 0.067 120.964 0.074
202303 0.065 122.702 0.071
202306 0.066 124.203 0.071
202309 0.066 125.230 0.070
202312 0.062 125.072 0.066
202403 0.061 126.258 0.065
202406 0.062 127.522 0.065
202409 0.062 127.285 0.065
202412 0.068 127.364 0.071
202503 0.068 129.181 0.070
202506 0.066 129.892 0.068
202509 0.068 130.287 0.070
202512 0.073 130.366 0.075
202603 0.079 132.262 0.080
202606 0.083 133.527 0.083

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.

Is Mene (TSXV:MENE) Overvalued in 2026?

Based on GuruFocus' analysis, Mene stock appears to be undervalued. The current stock price of C$0.16 is trading 15.8% below its estimated GF Value™ of C$0.19. GuruFocus considers Mene to be Modestly Undervalued.

Key valuation signals for TSXV:MENE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$0.19 vs. price of C$0.16 (15.8% below fair value)
  • GF Score™: 43/100

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.
43GF 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.

C$0.16
Price
C$0.19
GF Value