Meta Platforms (WAR:META) Cyclically Adjusted PB Ratio: 11.63 (As of Sep. 13, 2026) — 10% Below Median

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.

WAR:META Meta Platforms Inc WAR:META
77 GF Score
Price zł2,399.00
GF Value zł3,212.32
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Meta Platforms Cyclically Adjusted PB Ratio?

Meta Platforms WAR:META +0.02% 77 Cyclically Adjusted PB Ratio is 11.63 as of Sep. 13, 2026, which is 10% below its 10-year median of 12.98. GuruFocus rates WAR:META with a GF Score™ of 77/100 and a GF Value™ of zł3,212.32 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 344 Interactive Media companies, Meta Platforms ranks worse than 95.93% on this metric.

As of today (2026-09-13), Meta Platforms's current share price is zł2399.00. Meta Platforms's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was zł206.22. Meta Platforms's Cyclically Adjusted PB Ratio for today is 11.63.

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

WAR:META' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.11   Med: 12.98   Max: 17.39
Current: 11.85

During the past years, Meta Platforms's highest Cyclically Adjusted PB Ratio was 17.39. The lowest was 3.11. And the median was 12.98.

WAR:META's Cyclically Adjusted PB Ratio is ranked worse than
95.93% of 344 companies
in the Interactive Media industry
Industry Median: 1.495 vs WAR:META: 11.85

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 zł382.051. 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 zł206.22 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meta Platforms  (WAR: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

WAR: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.


WAR:META
77GF Score
Meta Platforms Inc WAR: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
=2399.00/206.22
=11.63

* 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)
=382.051/333.9520*333.9520
=382.051

Current CPI (Jun. 2026) = 333.9520.

Meta Platforms Quarterly Data

Book Value per Share CPI Adj_Book
201609 70.106 241.428 96.973
201612 76.288 241.432 105.523
201703 80.119 243.801 109.745
201706 85.443 244.955 116.486
201709 91.329 246.819 123.570
201712 95.355 246.524 129.172
201803 99.690 249.554 133.405
201806 102.341 251.989 135.629
201809 104.228 252.439 137.883
201812 109.865 251.233 146.038
201903 112.905 254.202 148.326
201906 115.918 256.143 151.131
201909 122.757 256.759 159.663
201912 132.063 256.974 171.623
202003 137.665 258.115 178.112
202006 144.439 257.797 187.107
202009 153.965 260.280 197.545
202012 167.833 260.474 215.178
202103 175.347 264.877 221.074
202106 182.305 271.696 224.078
202109 177.964 274.310 216.658
202112 169.808 278.802 203.398
202203 169.230 287.504 196.570
202206 173.805 296.311 195.884
202209 173.552 296.808 195.271
202212 179.247 296.797 201.686
202303 181.266 301.836 200.553
202306 194.155 305.109 212.509
202309 207.121 307.789 224.727
202312 222.913 306.746 242.684
202403 219.676 312.332 234.882
202406 230.659 314.175 245.179
202409 242.957 315.301 257.329
202412 268.581 315.605 284.194
202503 273.338 319.799 285.435
202506 288.973 322.561 299.178
202509 286.895 324.800 294.979
202512 320.084 324.054 329.861
202603 357.801 330.213 361.852
202606 382.051 333.952 382.051

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 11.63 mean?
Meta Platforms (WAR:META) has a Cyclically Adjusted PB Ratio of 11.63 as of Sep. 13, 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 10% below median its historical median of 12.98. 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 #330 out of 344 companies in the Interactive Media industry, placing it in the top 95.9%.
Is Meta Platforms' Cyclically Adjusted PB Ratio too high?
Meta Platforms' current Cyclically Adjusted PB Ratio of 11.63 is 10% below median its 10-year median of 12.98. 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 1.50. Meta Platforms' value of 11.63 is 677.9% above this industry median. Based on the distribution chart, Meta Platforms ranks #330 out of 344 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Meta Platforms has a GF Score™ of 77/100 and is considered Modestly 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 #330 out of 344 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 1.50. Meta Platforms' value of 11.63 is 677.9% 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 12.98 vs. the industry median of 1.50, 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 1.50, based on 344 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 11.63 is 677.9% 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 1.50 — 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 11.63, which is 10% below median its own 10-year median of 12.98. 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 (WAR:META) is currently considered Modestly Undervalued. The stock's GF Value™ is zł3,212.32, compared to a current price of zł2,399.00 — trading 25.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.63, which is 10% below median its 10-year median of 12.98 and 677.9% above the Interactive Media industry median of 1.50. Meta Platforms' overall GF Score™ is 77/100 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 (WAR:META), the current Cyclically Adjusted PB Ratio is 11.63 as of Sep. 13, 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 (WAR:META) Overvalued in 2026?

Based on GuruFocus' analysis, Meta Platforms stock appears to be undervalued. The current stock price of zł2,399.00 is trading 25.3% below its estimated GF Value™ of zł3,212.32. GuruFocus considers Meta Platforms to be Modestly Undervalued.

Key valuation signals for WAR:META:

  • Cyclically Adjusted PB Ratio: 11.63 (10% below median its 10-year median of 12.98)
  • GF Value™: zł3,212.32 vs. price of zł2,399.00 (25.3% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 677.9% above the Interactive Media median (#330 of 344)

No single metric tells the full story. See the WAR: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.
77GF Score

Get the complete analysis for WAR:META

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

zł2,399.00
Price
zł3,212.32
GF Value