Snap (WBO:SNAP) Cyclically Adjusted PB Ratio: 2.47 (As of Aug. 07, 2026) — 15% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

WBO:SNAP Snap Inc WBO:SNAP
63 GF Score
Price €4.52
GF Value €10.25
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Snap Cyclically Adjusted PB Ratio?

Snap WBO:SNAP -3.11% 63 Cyclically Adjusted PB Ratio is 2.47 as of Aug. 07, 2026, which is 15% below its 10-year median of 2.90. GuruFocus rates WBO:SNAP with a GF Score™ of 63/100 and a GF Value™ of €10.25 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 346 Interactive Media companies, Snap ranks worse than 65.32% on this metric.

As of today (2026-08-07), Snap's current share price is €4.52. Snap's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €1.83. Snap's Cyclically Adjusted PB Ratio for today is 2.47.

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

WBO:SNAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.89   Med: 2.9   Max: 4.14
Current: 2.54

During the past years, Snap's highest Cyclically Adjusted PB Ratio was 4.14. The lowest was 1.89. And the median was 2.90.

WBO:SNAP's Cyclically Adjusted PB Ratio is ranked worse than
65.32% of 346 companies
in the Interactive Media industry
Industry Median: 1.445 vs WBO:SNAP: 2.54

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.

Snap's adjusted book value per share data for the three months ended in Jun. 2026 was €0.994. 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 €1.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Snap  (WBO:SNAP) 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.


Snap Cyclically Adjusted PB Ratio Related Terms


Snap Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Snap'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.

Snap Cyclically Adjusted PB Ratio Chart

Snap 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 0.00 0.00 0.00 0.00 3.88

Snap 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 0.00 3.72 3.88 2.19 2.12

WBO:SNAP vs BILI, ZG, BZ: Cyclically Adjusted PB Ratio Comparison

For the Internet Content & Information subindustry, Snap'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.


Snap Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Snap's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WBO:SNAP
63GF Score
Snap Inc WBO:SNAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Snap 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.52/1.83
=2.47

* 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.

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

For example, Snap'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)
=0.994/333.9520*333.9520
=0.994

Current CPI (Jun. 2026) = 333.9520.

Snap Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 1.244 241.432 1.721
201703 2.963 243.801 4.059
201706 2.671 244.955 3.641
201709 2.217 246.819 3.000
201712 2.069 246.524 2.803
201803 1.805 249.554 2.415
201806 1.737 251.989 2.302
201809 1.582 252.439 2.093
201812 1.542 251.233 2.050
201903 1.436 254.202 1.887
201906 1.365 256.143 1.780
201909 1.513 256.759 1.968
201912 1.437 256.974 1.867
202003 1.336 258.115 1.729
202006 1.332 257.797 1.725
202009 1.257 260.280 1.613
202012 1.274 260.474 1.633
202103 0.944 264.877 1.190
202106 1.531 271.696 1.882
202109 1.822 274.310 2.218
202112 2.071 278.802 2.481
202203 1.982 287.504 2.302
202206 1.980 296.311 2.232
202209 1.824 296.808 2.052
202212 1.548 296.797 1.742
202303 1.530 301.836 1.693
202306 1.431 305.109 1.566
202309 1.425 307.789 1.546
202312 1.345 306.746 1.464
202403 1.193 312.332 1.276
202406 1.161 314.175 1.234
202409 1.191 315.301 1.261
202412 1.384 315.605 1.464
202503 1.268 319.799 1.324
202506 1.066 322.561 1.104
202509 1.109 324.800 1.140
202512 1.138 324.054 1.173
202603 1.062 330.213 1.074
202606 0.994 333.952 0.994

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 2.47 mean?
Snap (WBO:SNAP) has a Cyclically Adjusted PB Ratio of 2.47 as of Aug. 07, 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 Snap and its competitors. This is 15% below median its historical median of 2.90. Over the past decade, Snap's Cyclically Adjusted PB Ratio has ranged from 1.89 to 4.14. According to the industry distribution chart, Snap ranks #226 out of 346 companies in the Interactive Media industry, placing it in the top 65.3%.
Is Snap's Cyclically Adjusted PB Ratio too high?
Snap's current Cyclically Adjusted PB Ratio of 2.47 is 15% below median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 4.14. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.45. Snap's value of 2.47 is 70.9% above this industry median. Based on the distribution chart, Snap ranks #226 out of 346 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Snap has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Snap's Cyclically Adjusted PB Ratio compare to BILI and ZG?
According to the Interactive Media industry distribution chart, Snap ranks #226 out of 346 companies for Cyclically Adjusted PB Ratio. This places Snap in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.45. Snap's value of 2.47 is 70.9% above this benchmark. Historically, Snap's own Cyclically Adjusted PB Ratio has ranged from 1.89 to 4.14 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 1.45, Snap 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 1.45, based on 346 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. Snap's current Cyclically Adjusted PB Ratio of 2.47 is 70.9% 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 Snap and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snap's current Cyclically Adjusted PB Ratio is 2.47, which is 15% below median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snap stock overvalued right now?
Based on GuruFocus' analysis, Snap (WBO:SNAP) is currently considered Possible Value Trap. The stock's GF Value™ is €10.25, compared to a current price of €4.52 — trading 55.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.47, which is 15% below median its 10-year median of 2.90 and 70.9% above the Interactive Media industry median of 1.45. Snap's overall GF Score™ is 63/100 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 Snap (WBO:SNAP), the current Cyclically Adjusted PB Ratio is 2.47 as of Aug. 07, 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 Snap (WBO:SNAP) Overvalued in 2026?

Based on GuruFocus' analysis, Snap stock appears to be undervalued. The current stock price of €4.52 is trading 55.9% below its estimated GF Value™ of €10.25. GuruFocus considers Snap to be Possible Value Trap.

Key valuation signals for WBO:SNAP:

  • Cyclically Adjusted PB Ratio: 2.47 (15% below median its 10-year median of 2.90)
  • GF Value™: €10.25 vs. price of €4.52 (55.9% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 70.9% above the Interactive Media median (#226 of 346)

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


Snap Business Description

Address 3000 31st Street, Santa Monica, CA, USA, 90405
Snap is a technology company best known for its marquis social media application.Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.
63GF Score

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

€4.52
Price
€10.25
GF Value