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Meta Platforms (Meta Platforms) Cyclically Adjusted PB Ratio : 11.90 (As of Apr. 28, 2024)


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What is Meta Platforms Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Meta Platforms's current share price is $443.29. Meta Platforms's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $37.25. Meta Platforms's Cyclically Adjusted PB Ratio for today is 11.90.

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

META' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.11   Med: 9.44   Max: 16.97
Current: 11.85

During the past years, Meta Platforms's highest Cyclically Adjusted PB Ratio was 16.97. The lowest was 3.11. And the median was 9.44.

META's Cyclically Adjusted PB Ratio is ranked worse than
96.15% of 286 companies
in the Interactive Media industry
Industry Median: 1.555 vs META: 11.85

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.

Meta Platforms's adjusted book value per share data for the three months ended in Mar. 2024 was $58.939. 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 $37.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meta Platforms Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Meta Platforms'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.

* Premium members only.

Meta Platforms Cyclically Adjusted PB Ratio Chart

Meta Platforms Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 13.64 13.66 3.98 9.83

Meta Platforms Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.66 8.62 8.62 9.83 13.03

Competitive Comparison of Meta Platforms's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Meta Platforms'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.


Meta Platforms's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

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

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



Meta Platforms 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.

Meta Platforms's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=443.29/37.25
=11.90

* 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.

Meta Platforms's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Meta Platforms's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=58.939/129.4194*129.4194
=58.939

Current CPI (Mar. 2024) = 129.4194.

Meta Platforms Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.125 100.560 9.170
201409 8.143 100.428 10.494
201412 12.994 99.070 16.975
201503 13.365 99.621 17.363
201506 14.090 100.684 18.111
201509 14.719 100.392 18.975
201512 15.603 99.792 20.235
201603 16.544 100.470 21.311
201606 17.604 101.688 22.405
201609 18.810 101.861 23.899
201612 20.468 101.863 26.005
201703 21.496 102.862 27.046
201706 22.924 103.349 28.707
201709 24.504 104.136 30.453
201712 25.584 104.011 31.834
201803 26.747 105.290 32.877
201806 27.458 106.317 33.425
201809 27.964 106.507 33.980
201812 29.477 105.998 35.990
201903 30.293 107.251 36.555
201906 31.101 108.070 37.245
201909 32.936 108.329 39.348
201912 35.433 108.420 42.296
202003 36.936 108.902 43.895
202006 38.753 108.767 46.111
202009 41.309 109.815 48.684
202012 45.030 109.897 53.029
202103 47.046 111.754 54.483
202106 48.913 114.631 55.223
202109 47.748 115.734 53.394
202112 45.560 117.630 50.126
202203 45.405 121.301 48.444
202206 46.632 125.017 48.274
202209 46.564 125.227 48.123
202212 48.092 125.222 49.704
202303 48.634 127.348 49.425
202306 52.092 128.729 52.372
202309 55.571 129.860 55.383
202312 59.808 129.419 59.808
202403 58.939 129.419 58.939

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.


Meta Platforms  (NAS:META) 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.


Meta Platforms Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Meta Platforms's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Meta Platforms (Meta Platforms) Business Description

Address
1601 Willow Road, Menlo Park, CA, USA, 94025
Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.
Executives
Mark Zuckerberg director, 10 percent owner, officer: COB and CEO C/O META PLATFORMS, INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Jennifer Newstead officer: VP and General Counsel C/O FACEBOOK, INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Christopher K Cox officer: Chief Product Officer C/O FACEBOOK, INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Javier Olivan officer: Chief Operating Officer 62 RIDGE VIEW DRIVE, ATHERTON X1 94027
Nicholas Clegg officer: President, Global Affairs C/O META PLATFORMS INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Andrew Bosworth officer: Chief Technology Officer C/O META PLATFORMS INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Susan J Li officer: Chief Financial Officer ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
Aaron Anderson officer: Chief Accounting Officer C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Taylor Susan J.s. officer: Chief Accounting Officer C/O LINKEDIN CORPORATION, 2029 STIERLIN COURT, MOUNTAIN VIEW CA 94043
Marne L. Levine officer: Chief Business Officer C/O CHEGG, INC., 3990 FREEDOM CIRCLE, SANTA CLARA CA 95054
David M. Wehner officer: Chief Financial Officer C/O FACEBOOK, INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Tony Xu director C/O DOORDASH, INC., 303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
David B. Fischer officer: Chief Revenue Officer C/O FACEBOOK, INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Michael Todd Schroepfer officer: Chief Technology Officer C/O FACEBOOK INC., 1601 WILLOW ROAD, MENLO PARK CA 94025
Marc L Andreessen director C/O ARNOLD & PORTER LLP, 3 EMBARCADERO CENTER 7TH FLOOR, SAN FRANCISCO CA 94111

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