Mettler-Toledo International (WBO:MTD) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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WBO:MTD Mettler-Toledo International Inc WBO:MTD
28 GF Score
Price €1,222.00
GF Value €1,257.91
Valuation Fairly Valued
! 1 Warning Sign
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What is Mettler-Toledo International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mettler-Toledo International  (WBO:MTD) 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.


Mettler-Toledo International Cyclically Adjusted PB Ratio Related Terms


Mettler-Toledo International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mettler-Toledo International'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.

Mettler-Toledo International Cyclically Adjusted PB Ratio Chart

Mettler-Toledo International 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 76.87 74.89 72.60 94.96 122.51

Mettler-Toledo International 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 88.18 98.20 123.25 117.32 125.55

WBO:MTD vs LH, DGX, ILMN: Cyclically Adjusted PB Ratio Comparison

For the Diagnostics & Research subindustry, Mettler-Toledo International'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.


Mettler-Toledo International Cyclically Adjusted PB Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Mettler-Toledo International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mettler-Toledo International's Cyclically Adjusted PB Ratio falls into.


WBO:MTD
28GF Score
Mettler-Toledo International Inc WBO:MTD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mettler-Toledo International 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.

Mettler-Toledo International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mettler-Toledo International'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)
=0.56/333.9520*333.9520
=0.560

Current CPI (Jun. 2026) = 333.9520.

Mettler-Toledo International Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.976 241.428 23.482
201612 15.848 241.432 21.921
201703 15.926 243.801 21.815
201706 15.778 244.955 21.510
201709 16.964 246.819 22.953
201712 17.844 246.524 24.172
201803 17.956 249.554 24.029
201806 18.086 251.989 23.969
201809 18.275 252.439 24.176
201812 20.712 251.233 27.531
201903 20.170 254.202 26.498
201906 17.987 256.143 23.451
201909 16.508 256.759 21.471
201912 15.538 256.974 20.192
202003 11.680 258.115 15.112
202006 16.718 257.797 21.657
202009 15.879 260.280 20.374
202012 9.843 260.474 12.620
202103 7.410 264.877 9.342
202106 6.983 271.696 8.583
202109 5.975 274.310 7.274
202112 6.599 278.802 7.904
202203 3.351 287.504 3.892
202206 0.309 296.311 0.348
202209 -3.792 296.808 -4.267
202212 1.049 296.797 1.180
202303 -1.023 301.836 -1.132
202306 -3.761 305.109 -4.117
202309 -4.612 307.789 -5.004
202312 -6.306 306.746 -6.865
202403 -6.881 312.332 -7.357
202406 -6.717 314.175 -7.140
202409 -6.554 315.301 -6.942
202412 -5.849 315.605 -6.189
202503 -8.106 319.799 -8.465
202506 -10.703 322.561 -11.081
202509 -10.382 324.800 -10.675
202512 -0.988 324.054 -1.018
202603 -1.799 330.213 -1.819
202606 0.560 333.952 0.560

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 Mettler-Toledo International (WBO:MTD) Overvalued in 2026?

Based on GuruFocus' analysis, Mettler-Toledo International stock appears to be undervalued. The current stock price of €1,222.00 is trading 2.9% below its estimated GF Value™ of €1,257.91. GuruFocus considers Mettler-Toledo International to be Fairly Valued.

Key valuation signals for WBO:MTD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1,257.91 vs. price of €1,222.00 (2.9% below fair value)
  • GF Score™: 28/100 with 1 warning sign

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


Mettler-Toledo International Business Description

Address 1900 Polaris Parkway, Columbus, OH, USA, 43240
Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (around 55% of sales), industrial (around 40%), and food retail (around 5%) industries. Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with the Americas accounting for about 37% of sales, Europe about 27%, China about 16% and the rest of the world about 20%.
28GF Score

Get the complete analysis for WBO:MTD

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

€1,222.00
Price
€1,257.91
GF Value