Modern Plant Based Foods (XCNQ:MEAT) Cyclically Adjusted PB Ratio: (As of Sep. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Modern Plant Based Foods Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Modern Plant Based Foods  (XCNQ:MEAT) 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.


Modern Plant Based Foods Cyclically Adjusted PB Ratio Related Terms


Modern Plant Based Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Modern Plant Based Foods'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.

Modern Plant Based Foods Cyclically Adjusted PB Ratio Chart

Modern Plant Based Foods Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.28 0.23 0.00 0.00

Modern Plant Based Foods Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 0.00 0.00

XCNQ:MEAT vs KHC, GIS, MKC: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Modern Plant Based Foods'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.


Modern Plant Based Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Modern Plant Based Foods's Cyclically Adjusted PB Ratio falls into.



Modern Plant Based Foods 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.

Modern Plant Based Foods's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Modern Plant Based Foods's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=-0.304/134.0005*134.0005
=-0.304

Current CPI (May. 2026) = 134.0005.

Modern Plant Based Foods Quarterly Data

Book Value per Share CPI Adj_Book
201607 -22.025 101.844 -28.979
201610 -28.000 102.002 -36.784
201701 -10.549 102.318 -13.816
201704 -3.744 103.029 -4.869
201707 -4.314 103.029 -5.611
201710 -2.575 103.424 -3.336
201801 1.140 104.056 1.468
201804 0.192 105.320 0.244
201807 0.936 106.110 1.182
201810 0.763 105.952 0.965
201901 0.681 105.557 0.865
201904 0.613 107.453 0.764
201907 0.517 108.243 0.640
201910 0.589 107.927 0.731
202001 0.343 108.085 0.425
202004 0.210 107.216 0.262
202008 1.743 108.243 2.158
202011 1.353 108.796 1.666
202102 1.356 109.745 1.656
202105 1.476 111.404 1.775
202108 1.097 112.668 1.305
202111 0.888 113.932 1.044
202202 0.450 115.986 0.520
202205 3.071 120.016 3.429
202208 0.044 120.569 0.049
202211 -0.133 121.675 -0.146
202302 -0.116 122.070 -0.127
202305 -0.167 124.045 -0.180
202308 -0.228 125.389 -0.244
202311 -0.262 125.468 -0.280
202402 -0.284 125.468 -0.303
202405 -0.358 127.601 -0.376
202408 -0.395 127.838 -0.414
202411 -0.234 127.838 -0.245
202502 -0.248 128.786 -0.258
202505 -0.234 129.813 -0.242
202508 -0.283 130.208 -0.291
202511 -0.267 130.682 -0.274
202602 -0.284 131.077 -0.290
202605 -0.304 134.001 -0.304

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.


Modern Plant Based Foods Business Description

Other Exchanges MDRNF:USAL3O0:Germany
Address 700 West Georgia Street, Suite 2500, 25th Floor, Vancouver, BC, CAN, V7Y 1B3
Modern Plant Based Foods Inc is a Canadian food company engaged in developing and selling plant-based meat alternatives made from plants. It offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company's product lineup includes the modern burgers, modern crabcakes, modern meatballs, modern crumbles, and sauces. It offers its products through various retail locations in the British Columbia Lower Mainland, as well as on e-commerce platforms. The company's revenue consists of sales of plant-based and health food products to wholesale and retail customers. Geographically, it derives the maximum revenue from Canada.