IMC (WAR:IMC) Cyclically Adjusted PB Ratio: 1.71 (As of Jul. 22, 2026) — 35% Above Median

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WAR:IMC IMC SA WAR:IMC
75 GF Score
Price zł31.20
GF Value zł23.04
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is IMC Cyclically Adjusted PB Ratio?

IMC WAR:IMC +0.32% 75 Cyclically Adjusted PB Ratio is 1.71 as of Jul. 22, 2026, which is 35% above its 10-year median of 1.27. GuruFocus rates WAR:IMC with a GF Score™ of 75/100 and a GF Value™ of zł23.04 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,441 Consumer Packaged Goods companies, IMC ranks worse than 60.86% on this metric.

As of today (2026-07-22), IMC's current share price is zł31.20. IMC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was zł18.22. IMC's Cyclically Adjusted PB Ratio for today is 1.71.

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

WAR:IMC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.27   Max: 2.64
Current: 1.73

During the past years, IMC's highest Cyclically Adjusted PB Ratio was 2.64. The lowest was 0.54. And the median was 1.27.

WAR:IMC's Cyclically Adjusted PB Ratio is ranked worse than
60.86% of 1441 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs WAR:IMC: 1.73

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.

IMC's adjusted book value per share data for the three months ended in Mar. 2026 was zł21.219. 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 zł18.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IMC  (WAR:IMC) 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.


IMC Cyclically Adjusted PB Ratio Related Terms


IMC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IMC'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.

IMC Cyclically Adjusted PB Ratio Chart

IMC 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 2.37 1.06 0.62 1.04 1.44

IMC 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 2.01 1.80 1.34 1.44 1.84

WAR:IMC vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, IMC'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.


IMC Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, IMC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WAR:IMC
75GF Score
IMC SA WAR:IMC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IMC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.20/18.22
=1.71

* 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.

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

For example, IMC'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)
=21.219/127.1600*127.1600
=21.219

Current CPI (Mar. 2026) = 127.1600.

IMC Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.398 100.660 11.872
201609 8.564 100.750 10.809
201612 7.954 101.040 10.010
201703 7.362 101.780 9.198
201706 12.236 102.170 15.229
201709 11.346 102.520 14.073
201712 11.843 102.410 14.705
201803 11.824 102.900 14.612
201806 15.787 103.650 19.368
201809 13.841 104.580 16.829
201812 13.752 104.320 16.763
201903 12.997 105.140 15.719
201906 17.926 105.550 21.596
201909 16.336 105.900 19.616
201912 15.197 106.080 18.217
202003 11.244 106.040 13.483
202006 16.398 106.340 19.609
202009 15.452 106.620 18.429
202012 15.811 106.670 18.848
202103 16.192 108.140 19.040
202106 22.557 108.680 26.393
202109 23.672 109.470 27.497
202112 21.905 111.090 25.074
202203 19.280 114.780 21.360
202206 21.758 116.750 23.698
202209 17.446 117.000 18.961
202212 16.131 117.060 17.523
202303 15.705 118.910 16.795
202306 16.849 120.460 17.786
202309 15.945 121.740 16.655
202312 15.229 121.170 15.982
202403 14.390 122.590 14.926
202406 16.565 123.120 17.109
202409 19.039 123.300 19.635
202412 19.501 122.430 20.254
202503 19.896 124.210 20.369
202506 22.513 125.820 22.753
202509 24.427 126.570 24.541
202512 22.381 126.180 22.555
202603 21.219 127.160 21.219

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 1.71 mean?
IMC (WAR:IMC) has a Cyclically Adjusted PB Ratio of 1.71 as of Jul. 22, 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 IMC and its competitors. This is 35% above median its historical median of 1.27. Over the past decade, IMC's Cyclically Adjusted PB Ratio has ranged from 0.54 to 2.64. According to the industry distribution chart, IMC ranks #877 out of 1441 companies in the Consumer Packaged Goods industry, placing it in the top 60.9%.
Is IMC's Cyclically Adjusted PB Ratio too high?
IMC's current Cyclically Adjusted PB Ratio of 1.71 is 35% above median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 2.64. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. IMC's value of 1.71 is 34.6% above this industry median. Based on the distribution chart, IMC ranks #877 out of 1441 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, IMC has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IMC's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, IMC ranks #877 out of 1441 companies for Cyclically Adjusted PB Ratio. This places IMC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. IMC's value of 1.71 is 34.6% above this benchmark. Historically, IMC's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 2.64 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.27, IMC 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,441 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. IMC's current Cyclically Adjusted PB Ratio of 1.71 is 34.6% 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 IMC and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMC's current Cyclically Adjusted PB Ratio is 1.71, which is 35% above median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMC stock overvalued right now?
Based on GuruFocus' analysis, IMC (WAR:IMC) is currently considered Significantly Overvalued. The stock's GF Value™ is zł23.04, compared to a current price of zł31.20 — trading 35.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.71, which is 35% above median its 10-year median of 1.27 and 34.6% above the Consumer Packaged Goods industry median of 1.27. IMC's overall GF Score™ is 75/100 with 3 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 IMC (WAR:IMC), the current Cyclically Adjusted PB Ratio is 1.71 as of Jul. 22, 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 IMC (WAR:IMC) Overvalued in 2026?

Based on GuruFocus' analysis, IMC stock appears to be overvalued. The current stock price of zł31.20 is trading 35.4% above its estimated GF Value™ of zł23.04. GuruFocus considers IMC to be Significantly Overvalued.

Key valuation signals for WAR:IMC:

  • Cyclically Adjusted PB Ratio: 1.71 (35% above median its 10-year median of 1.27)
  • GF Value™: zł23.04 vs. price of zł31.20 (35.4% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 34.6% above the Consumer Packaged Goods median (#877 of 1441)

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


IMC Business Description

Other Exchanges IM4:Germany
Address 122, route d\'Arlon, Grand Duchy Luxembourg, LUX, L-1150
IMC SA is an integrated agricultural company operating in Ukraine. The company's activities are the cultivation of grain & oilseeds crops, and storage of grain & oilseeds crops. The Group operates in segments: crop farming, elevators, and warehouses. The crop farming segment deals with the cultivation and sale of such basic agricultural crops as corn, sunflowers, and wheat. The Elevators and warehouses segment deals with the storage and processing of agricultural produce. The company generates the majority of its revenue from the Crop farming segment.
75GF Score

Get the complete analysis for WAR:IMC

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

zł31.20
Price
zł23.04
GF Value