CSX (BSP:CSXC34) Cyclically Adjusted Book per Share: R$16.26 (As of Jun. 2026)

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BSP:CSXC34 CSX Corp BSP:CSXC34
65 GF Score
Price R$124.02
GF Value R$92.07
Valuation Significantly Overvalued
! 10 Warning Signs
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What is CSX Cyclically Adjusted Book per Share?

CSX BSP:CSXC34 65 Cyclically Adjusted Book per Share is R$16.26 as of Jun. 2026. GuruFocus rates BSP:CSXC34 with a GF Score™ of 65/100 and a GF Value™ of R$92.07 (Significantly Overvalued). The stock has 10 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.

CSX's adjusted book value per share for the three months ended in Jun. 2026 was R$19.683. 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 R$16.26 for the trailing ten years ended in Jun. 2026.

During the past 12 months, CSX's average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.70% 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 CSX was 10.70% per year. The lowest was 4.00% per year. And the median was 6.20% per year.

As of today (2026-09-16), CSX's current stock price is R$124.02. CSX's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$16.26. CSX's Cyclically Adjusted PB Ratio of today is 7.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CSX was 7.78. The lowest was 3.13. And the median was 5.73.


CSX  (BSP:CSXC34) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=124.02/16.257
=7.63

* 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 CSX was 7.78. The lowest was 3.13. And the median was 5.73.


Be Aware

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


CSX Cyclically Adjusted Book per Share Related Terms


CSX Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for CSX'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.

CSX Cyclically Adjusted Book per Share Chart

CSX 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 9.73 11.58 12.92 14.65 15.89

CSX Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 14.83 15.12 15.29 15.81 16.26

BSP:CSXC34 vs NSC, WAB, UNP: Cyclically Adjusted Book per Share Comparison

For the Railroads subindustry, CSX'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.


CSX Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, CSX's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:CSXC34
65GF Score
CSX Corp BSP:CSXC34
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSX 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, CSX's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.683/333.9520*333.9520
=19.683

Current CPI (Jun. 2026) = 333.9520.

CSX Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.746 241.428 9.331
201612 6.834 241.432 9.453
201703 6.692 243.801 9.167
201706 7.014 244.955 9.562
201709 6.431 246.819 8.701
201712 9.146 246.524 12.390
201803 9.107 249.554 12.187
201806 10.470 251.989 13.876
201809 10.826 252.439 14.322
201812 9.932 251.233 13.202
201903 9.976 254.202 13.106
201906 9.836 256.143 12.824
201909 10.541 256.759 13.710
201912 10.283 256.974 13.363
202003 13.425 258.115 17.369
202006 14.549 257.797 18.847
202009 15.633 260.280 20.058
202012 14.884 260.474 19.083
202103 16.341 264.877 20.602
202106 14.950 271.696 18.376
202109 16.180 274.310 19.698
202112 17.074 278.802 20.451
202203 14.419 287.504 16.748
202206 16.047 296.311 18.085
202209 16.572 296.808 18.646
202212 16.132 296.797 18.152
202303 15.380 301.836 17.016
202306 14.756 305.109 16.151
202309 15.139 307.789 16.426
202312 14.861 306.746 16.179
202403 16.134 312.332 17.251
202406 18.078 314.175 19.216
202409 18.265 315.301 19.345
202412 20.331 315.605 21.513
202503 18.561 319.799 19.382
202506 18.117 322.561 18.757
202509 18.243 324.800 18.757
202512 19.388 324.054 19.980
202603 19.083 330.213 19.299
202606 19.683 333.952 19.683

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 R$16.26 mean?
CSX (BSP:CSXC34) has a Cyclically Adjusted Book per Share of R$16.26 as of Jun. 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 CSX and its competitors.
Is CSX's Cyclically Adjusted Book per Share too high?
CSX's current Cyclically Adjusted Book per Share is R$16.26. Overall, CSX has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CSX's Cyclically Adjusted Book per Share compare to NSC and WAB?
CSX's Cyclically Adjusted Book per Share of R$16.26 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation 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 CSX and its competitors. CSX's current Cyclically Adjusted Book per Share is R$16.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSX stock overvalued right now?
Based on GuruFocus' analysis, CSX (BSP:CSXC34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$92.07, compared to a current price of R$124.02 — trading 34.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is R$16.26. CSX's overall GF Score™ is 65/100 with 10 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 CSX (BSP:CSXC34), the current Cyclically Adjusted Book per Share is R$16.26 as of Jun. 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 CSX (BSP:CSXC34) Overvalued in 2026?

Based on GuruFocus' analysis, CSX stock appears to be overvalued. The current stock price of R$124.02 is trading 34.7% above its estimated GF Value™ of R$92.07. GuruFocus considers CSX to be Significantly Overvalued.

Key valuation signals for BSP:CSXC34:

  • Cyclically Adjusted Book per Share: R$16.26
  • GF Value™: R$92.07 vs. price of R$124.02 (34.7% above fair value)
  • GF Score™: 65/100 with 10 warning signs

No single metric tells the full story. See the BSP:CSXC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSX Business Description

Address 500 Water Street, 15th Floor, Jacksonville, FL, USA, 32202
Operating in the Eastern United States, Class I railroad CSX generated revenue of nearly $14 billion in 2025. On its more than 21,000 miles of track, CSX hauls shipments of coal (16% of consolidated revenue), chemicals (17%), intermodal containers (16%), automotive cargo (7%), and a diverse mix of other bulk and industrial merchandise.
65GF Score

Get the complete analysis for BSP:CSXC34

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

R$124.02
Price
R$92.07
GF Value