Ball (BALL) Cyclically Adjusted Book per Share: $15.23 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

BALL Ball Corp BALL
82 GF Score
Price $60.80
GF Value $74.02
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Ball Cyclically Adjusted Book per Share?

Ball BALL +0.56% 82 Cyclically Adjusted Book per Share is $15.23 as of Mar. 2026. GuruFocus rates BALL with a GF Score™ of 82/100 and a GF Value™ of $74.02 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Ball's adjusted book value per share for the three months ended in Mar. 2026 was $21.039. 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 $15.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ball's average Cyclically Adjusted Book Growth Rate was 14.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ball was 16.20% per year. The lowest was -0.90% per year. And the median was 10.60% per year.

As of today (2026-07-16), Ball's current stock price is $60.80. Ball's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $15.23. Ball's Cyclically Adjusted PB Ratio of today is 3.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ball was 13.35. The lowest was 3.30. And the median was 7.53.


Ball  (NYSE:BALL) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Ball's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=60.80/15.23
=3.99

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ball was 13.35. The lowest was 3.30. And the median was 7.53.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ball Cyclically Adjusted Book per Share Related Terms


Ball Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Ball's Cyclically Adjusted Book per Share 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.

Ball Cyclically Adjusted Book per Share Chart

Ball Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.55 9.74 10.77 12.76 14.55

Ball Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 13.30 13.76 14.23 14.55 15.23

BALL vs AMCR, AVY, IP: Cyclically Adjusted Book per Share Comparison

For the Packaging & Containers subindustry, Ball'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.


Ball Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ball's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BALL
82GF Score
Ball Corp BALL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ball Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Ball'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)
=21.039/330.2130*330.2130
=21.039

Current CPI (Mar. 2026) = 330.2130.

Ball Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.141 241.018 18.004
201609 10.624 241.428 14.531
201612 9.822 241.432 13.434
201703 10.315 243.801 13.971
201706 10.250 244.955 13.818
201709 10.087 246.819 13.495
201712 11.264 246.524 15.088
201803 11.517 249.554 15.239
201806 11.220 251.989 14.703
201809 10.684 252.439 13.976
201812 10.314 251.233 13.556
201903 10.602 254.202 13.772
201906 10.427 256.143 13.442
201909 10.286 256.759 13.229
201912 9.084 256.974 11.673
202003 8.069 258.115 10.323
202006 8.462 257.797 10.839
202009 8.826 260.280 11.197
202012 9.997 260.474 12.674
202103 10.643 264.877 13.268
202106 11.136 271.696 13.534
202109 11.403 274.310 13.727
202112 11.305 278.802 13.390
202203 12.157 287.504 13.963
202206 11.019 296.311 12.280
202209 11.085 296.808 12.333
202212 11.019 296.797 12.260
202303 11.571 301.836 12.659
202306 12.180 305.109 13.182
202309 12.492 307.789 13.402
202312 11.939 306.746 12.852
202403 23.347 312.332 24.684
202406 22.594 314.175 23.747
202409 22.273 315.301 23.326
202412 20.257 315.605 21.195
202503 19.684 319.799 20.325
202506 19.136 322.561 19.590
202509 20.194 324.800 20.531
202512 20.428 324.054 20.816
202603 21.039 330.213 21.039

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of $15.23 mean?
Ball (BALL) has a Cyclically Adjusted Book per Share of $15.23 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ball and its competitors.
Is Ball's Cyclically Adjusted Book per Share too high?
Ball's current Cyclically Adjusted Book per Share is $15.23. Overall, Ball has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ball's Cyclically Adjusted Book per Share compare to AMCR and AVY?
Ball's Cyclically Adjusted Book per Share of $15.23 can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Packaging & Containers company?
A good Cyclically Adjusted Book per Share depends on the Packaging & Containers industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ball and its competitors. Ball's current Cyclically Adjusted Book per Share is $15.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ball stock overvalued right now?
Based on GuruFocus' analysis, Ball (BALL) is currently considered Modestly Undervalued. The stock's GF Value™ is $74.02, compared to a current price of $60.80 — trading 17.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is $15.23. Ball's overall GF Score™ is 82/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Ball (BALL), the current Cyclically Adjusted Book per Share is $15.23 as of Mar. 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 Ball (BALL) Overvalued in 2026?

Based on GuruFocus' analysis, Ball stock appears to be undervalued. The current stock price of $60.80 is trading 17.9% below its estimated GF Value™ of $74.02. GuruFocus considers Ball to be Modestly Undervalued.

Key valuation signals for BALL:

  • Cyclically Adjusted Book per Share: $15.23
  • GF Value™: $74.02 vs. price of $60.80 (17.9% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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


Ball Business Description

Address 9200 West 108th Circle, Westminster, CO, USA, 80021
Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (48% of 2025 revenue), beverage packaging, EMEA (30%), beverage packaging, South America (16%)—and it generated $13 billion in revenue in 2025.
82GF Score

Get the complete analysis for BALL

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

$60.80
Price
$74.02
GF Value