WFCF (Where Food Comes From) Cyclically Adjusted PB Ratio: 5.67 (As of Jul. 15, 2026) — 26% Below Median

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WFCF Where Food Comes From Inc WFCF
80 GF Score
Price $12.59
GF Value $12.45
Valuation Fairly Valued
! 3 Warning Signs
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What is Where Food Comes From Cyclically Adjusted PB Ratio?

Where Food Comes From WFCF -1.17% 80 Cyclically Adjusted PB Ratio is 5.67 as of Jul. 15, 2026, which is 26% below its 10-year median of 7.65. GuruFocus rates WFCF with a GF Score™ of 80/100 and a GF Value™ of $12.45 (Fairly Valued). The stock has 3 warning signs investors should review. Among 730 Business Services companies, Where Food Comes From ranks worse than 88.63% on this metric.

As of today (2026-07-15), Where Food Comes From's current share price is $12.59. Where Food Comes From's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $2.22. Where Food Comes From's Cyclically Adjusted PB Ratio for today is 5.67.

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

WFCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.16   Med: 7.65   Max: 27.89
Current: 5.76

During the past years, Where Food Comes From's highest Cyclically Adjusted PB Ratio was 27.89. The lowest was 4.16. And the median was 7.65.

WFCF's Cyclically Adjusted PB Ratio is ranked worse than
88.63% of 730 companies
in the Business Services industry
Industry Median: 1.57 vs WFCF: 5.76

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.

Where Food Comes From's adjusted book value per share data for the three months ended in Mar. 2026 was $1.824. 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 $2.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Where Food Comes From  (NAS:WFCF) 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.


Where Food Comes From Cyclically Adjusted PB Ratio Related Terms


Where Food Comes From Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Where Food Comes From'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.

Where Food Comes From Cyclically Adjusted PB Ratio Chart

Where Food Comes From 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 9.72 7.91 6.94 6.37 5.29

Where Food Comes From 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 5.23 5.16 6.10 5.29 6.01

WFCF vs ANPA, DLHC, TISI: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Where Food Comes From'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.


Where Food Comes From Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Where Food Comes From's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Where Food Comes From's Cyclically Adjusted PB Ratio falls into.


WFCF
80GF Score
Where Food Comes From Inc WFCF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Where Food Comes From 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.

Where Food Comes From's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.59/2.22
=5.67

* 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.

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

For example, Where Food Comes From'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)
=1.824/330.2130*330.2130
=1.824

Current CPI (Mar. 2026) = 330.2130.

Where Food Comes From Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.299 241.018 1.780
201609 1.328 241.428 1.816
201612 1.530 241.432 2.093
201703 1.553 243.801 2.103
201706 1.587 244.955 2.139
201709 1.638 246.819 2.191
201712 1.569 246.524 2.102
201803 1.576 249.554 2.085
201806 1.602 251.989 2.099
201809 1.716 252.439 2.245
201812 1.725 251.233 2.267
201903 1.699 254.202 2.207
201906 1.744 256.143 2.248
201909 1.821 256.759 2.342
201912 1.914 256.974 2.460
202003 1.861 258.115 2.381
202006 1.908 257.797 2.444
202009 2.000 260.280 2.537
202012 2.037 260.474 2.582
202103 2.173 264.877 2.709
202106 2.183 271.696 2.653
202109 2.185 274.310 2.630
202112 2.265 278.802 2.683
202203 2.298 287.504 2.639
202206 2.256 296.311 2.514
202209 2.242 296.808 2.494
202212 2.161 296.797 2.404
202303 2.002 301.836 2.190
202306 1.979 305.109 2.142
202309 1.977 307.789 2.121
202312 1.966 306.746 2.116
202403 1.775 312.332 1.877
202406 1.806 314.175 1.898
202409 1.784 315.301 1.868
202412 1.895 315.605 1.983
202503 1.840 319.799 1.900
202506 1.919 322.561 1.965
202509 2.010 324.800 2.043
202512 1.839 324.054 1.874
202603 1.824 330.213 1.824

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 5.67 mean?
Where Food Comes From (WFCF) has a Cyclically Adjusted PB Ratio of 5.67 as of Jul. 15, 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 Where Food Comes From and its competitors. This is 26% below median its historical median of 7.65. Over the past decade, Where Food Comes From's Cyclically Adjusted PB Ratio has ranged from 4.16 to 27.89. According to the industry distribution chart, Where Food Comes From ranks #647 out of 730 companies in the Business Services industry, placing it in the top 88.6%.
Is Where Food Comes From's Cyclically Adjusted PB Ratio too high?
Where Food Comes From's current Cyclically Adjusted PB Ratio of 5.67 is 26% below median its 10-year median of 7.65. Over the past 10 years, this metric has ranged from a low of 4.16 to a high of 27.89. The Business Services industry median Cyclically Adjusted PB Ratio is 1.57. Where Food Comes From's value of 5.67 is 261.1% above this industry median. Based on the distribution chart, Where Food Comes From ranks #647 out of 730 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Where Food Comes From has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Where Food Comes From's Cyclically Adjusted PB Ratio compare to ANPA and DLHC?
According to the Business Services industry distribution chart, Where Food Comes From ranks #647 out of 730 companies for Cyclically Adjusted PB Ratio. This places Where Food Comes From in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. Where Food Comes From's value of 5.67 is 261.1% above this benchmark. Historically, Where Food Comes From's own Cyclically Adjusted PB Ratio has ranged from 4.16 to 27.89 over the past decade. While the company's 10-year median is 7.65 vs. the industry median of 1.57, Where Food Comes From 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.57, based on 730 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. Where Food Comes From's current Cyclically Adjusted PB Ratio of 5.67 is 261.1% 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 Where Food Comes From and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Where Food Comes From's current Cyclically Adjusted PB Ratio is 5.67, which is 26% below median its own 10-year median of 7.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Where Food Comes From stock overvalued right now?
Based on GuruFocus' analysis, Where Food Comes From (WFCF) is currently considered Fairly Valued. The stock's GF Value™ is $12.45, compared to a current price of $12.59 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.67, which is 26% below median its 10-year median of 7.65 and 261.1% above the Business Services industry median of 1.57. Where Food Comes From's overall GF Score™ is 80/100 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 Where Food Comes From (WFCF), the current Cyclically Adjusted PB Ratio is 5.67 as of Jul. 15, 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 Where Food Comes From (WFCF) Overvalued in 2026?

Based on GuruFocus' analysis, Where Food Comes From stock appears to be overvalued. The current stock price of $12.59 is trading 1.1% above its estimated GF Value™ of $12.45. GuruFocus considers Where Food Comes From to be Fairly Valued.

Key valuation signals for WFCF:

  • Cyclically Adjusted PB Ratio: 5.67 (26% below median its 10-year median of 7.65)
  • GF Value™: $12.45 vs. price of $12.59 (1.1% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 261.1% above the Business Services median (#647 of 730)

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


Where Food Comes From Business Description

Address 202 6th Street, Suite 400, Castle Rock, CO, USA, 80104
Where Food Comes From Inc is a third-party food verification company conducting both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural and aquaculture products are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, and restaurants with a wide variety of value-added services provided through its family of verifiers, including International Certification Services, Validus Verification Services, and others. It also provides a wide range of professional consulting services. It generates the majority of its revenue from Verification and certification services.
80GF Score

Get the complete analysis for WFCF

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

$12.59
Price
$12.45
GF Value