MercadoLibreXTER:MLB1 -0.85%77 PB Ratio is 12.37 as of Jul. 06, 2026, which is 52% below its 10-year median of 25.94. GuruFocus rates XTER:MLB1 with a GF Score™ of 77/100 and a GF Value™ of €3,022.93 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,073 Retail - Cyclical companies, MercadoLibre ranks worse than 94.87% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-06), MercadoLibre's share price is €1536.20. MercadoLibre's Book Value per Share for the quarter that ended in Mar. 2026 was €124.23. Hence, MercadoLibre's PB Ratio of today is 12.37.
The historical rank and industry rank for MercadoLibre's PB Ratio or its related term are showing as below:
XTER:MLB1'
s PB Ratio Range Over the Past 10 Years
Min: 10.77 Med: 25.94 Max: 1193.87
Current: 12.28
During the past 13 years, MercadoLibre's highest PB Ratio was 1193.87. The lowest was 10.77. And the median was 25.94.
XTER:MLB1's PB Ratio is ranked worse than 94.87% of 1073
companies
in the Retail - Cyclical industry
Industry Median: 1.48
vs XTER:MLB1: 12.28
During the past 12 months, MercadoLibre's average Book Value Per Share Growth Rate was 45.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 54.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 35.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 34.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MercadoLibre was 65.00% per year. The lowest was -4.80% per year. And the median was 22.85% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
MercadoLibre PB Ratio Related Terms
MercadoLibre PB Ratio Historical Data
* Premium members only.
The historical data trend for MercadoLibre's 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.
For the Internet Retail subindustry, MercadoLibre's PB Ratio, along with its competitors' market caps and 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.
MercadoLibre PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, MercadoLibre's PB Ratio distribution charts can be found below:
* The bar in red indicates where MercadoLibre's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
MercadoLibre's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
MercadoLibre (XTER:MLB1) has a PB Ratio of 12.37 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MercadoLibre and its competitors. This is 52% below median its historical median of 25.94. Over the past decade, MercadoLibre's PB Ratio has ranged from 10.77 to 1,193.87. According to the industry distribution chart, MercadoLibre ranks #1018 out of 1073 companies in the Retail - Cyclical industry, placing it in the top 94.9%.
Is MercadoLibre's PB Ratio too high?
MercadoLibre's current PB Ratio of 12.37 is 52% below median its 10-year median of 25.94. Over the past 10 years, this metric has ranged from a low of 10.77 to a high of 1,193.87. The Retail - Cyclical industry median PB Ratio is 1.48. MercadoLibre's value of 12.37 is 735.8% above this industry median. Based on the distribution chart, MercadoLibre ranks #1018 out of 1073 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, MercadoLibre has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MercadoLibre's PB Ratio compare to DASH and PDD?
According to the Retail - Cyclical industry distribution chart, MercadoLibre ranks #1018 out of 1073 companies for PB Ratio. This places MercadoLibre in the lower half of its industry. The industry median PB Ratio is 1.48. MercadoLibre's value of 12.37 is 735.8% above this benchmark. Historically, MercadoLibre's own PB Ratio has ranged from 10.77 to 1,193.87 over the past decade. While the company's 10-year median is 25.94 vs. the industry median of 1.48, MercadoLibre 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 PB Ratio for a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.48, based on 1,073 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MercadoLibre's current PB Ratio of 12.37 is 735.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MercadoLibre and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MercadoLibre's current PB Ratio is 12.37, which is 52% below median its own 10-year median of 25.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MercadoLibre stock overvalued right now?
Based on GuruFocus' analysis, MercadoLibre (XTER:MLB1) is currently considered Significantly Undervalued. The stock's GF Value™ is €3,022.93, compared to a current price of €1,536.20 — trading 49.2% below its estimated fair value. The current PB Ratio is 12.37, which is 52% below median its 10-year median of 25.94 and 735.8% above the Retail - Cyclical industry median of 1.48. MercadoLibre's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For MercadoLibre (XTER:MLB1), the current PB Ratio is 12.37 as of Jul. 06, 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 MercadoLibre (XTER:MLB1) Overvalued in 2026?
Based on GuruFocus' analysis, MercadoLibre stock appears to be undervalued.
The current stock price of €1,536.20 is trading 49.2% below its estimated GF Value™ of €3,022.93.
GuruFocus considers MercadoLibre to be Significantly Undervalued.
Key valuation signals for XTER:MLB1:
PB Ratio: 12.37 (52% below median its 10-year median of 25.94)
GF Value™: €3,022.93 vs. price of €1,536.20 (49.2% below fair value)
Industry Position: 735.8% above the Retail - Cyclical median (#1018 of 1073)
No single metric tells the full story. See the XTER:MLB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MercadoLibre is the largest e-commerce marketplace in Latin America, with more than 120 million unique active buyers and 1 million active sellers at the end of 2025. The company is roughly split between its e-commerce business, which includes its fulfillment and advertising services, and its fintech segment, which comprises its rapidly expanding payment and digital wallet platform (Mercado Pago) and its lending business (Mercado Credito). While the company operates in 18 countries, its primary markets are Brazil, Argentina, and Mexico, which account for more than 95% of its revenue.
77GF Score
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