Arthur J. Gallagher (MEX:AJG) Cyclically Adjusted Book per Share: MXN819.58 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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MEX:AJG Arthur J. Gallagher & Co MEX:AJG
87 GF Score
Price MXN3,762.25
GF Value MXN4,971.95
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Arthur J. Gallagher Cyclically Adjusted Book per Share?

Arthur J. Gallagher MEX:AJG 87 Cyclically Adjusted Book per Share is MXN819.58 as of Jun. 2026. GuruFocus rates MEX:AJG with a GF Score™ of 87/100 and a GF Value™ of MXN4,971.95 (Modestly Undervalued). The stock has 5 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.

Arthur J. Gallagher's adjusted book value per share for the three months ended in Jun. 2026 was MXN1,614.404. 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 MXN819.58 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Arthur J. Gallagher's average Cyclically Adjusted Book Growth Rate was 18.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.90% 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 Arthur J. Gallagher was 16.90% per year. The lowest was 5.60% per year. And the median was 11.40% per year.

As of today (2026-08-13), Arthur J. Gallagher's current stock price is MXN3762.25. Arthur J. Gallagher's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN819.58. Arthur J. Gallagher's Cyclically Adjusted PB Ratio of today is 4.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arthur J. Gallagher was 8.93. The lowest was 3.51. And the median was 5.63.


Arthur J. Gallagher  (MEX:AJG) 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.

Arthur J. Gallagher's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3762.25/819.58
=4.59

* 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 Arthur J. Gallagher was 8.93. The lowest was 3.51. And the median was 5.63.


Be Aware

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


Arthur J. Gallagher Cyclically Adjusted Book per Share Related Terms


Arthur J. Gallagher Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Arthur J. Gallagher'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.

Arthur J. Gallagher Cyclically Adjusted Book per Share Chart

Arthur J. Gallagher 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 414.36 585.41 574.64 780.57 801.02

Arthur J. Gallagher 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 775.56 813.24 801.02 822.97 819.58

MEX:AJG vs AON, MRSH, WTW: Cyclically Adjusted Book per Share Comparison

For the Insurance Brokers subindustry, Arthur J. Gallagher'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.


Arthur J. Gallagher Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Arthur J. Gallagher's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:AJG
87GF Score
Arthur J. Gallagher & Co MEX:AJG
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arthur J. Gallagher 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, Arthur J. Gallagher'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)
=1614.404/333.9520*333.9520
=1,614.404

Current CPI (Jun. 2026) = 333.9520.

Arthur J. Gallagher Quarterly Data

Book Value per Share CPI Adj_Book
201609 400.584 241.428 554.102
201612 415.878 241.432 575.248
201703 384.155 243.801 526.205
201706 385.742 244.955 525.890
201709 412.548 246.819 558.187
201712 459.586 246.524 622.575
201803 450.409 249.554 602.735
201806 478.142 251.989 633.664
201809 462.858 252.439 612.316
201812 480.086 251.233 638.155
201903 511.023 254.202 671.345
201906 503.724 256.143 656.741
201909 512.625 256.759 666.743
201912 516.920 256.974 671.766
202003 621.934 258.115 804.665
202006 661.665 257.797 857.125
202009 662.964 260.280 850.615
202012 635.291 260.474 814.502
202103 702.397 264.877 885.569
202106 800.351 271.696 983.742
202109 835.285 274.310 1,016.897
202112 837.129 278.802 1,002.722
202203 852.048 287.504 989.701
202206 842.525 296.311 949.553
202209 817.976 296.808 920.342
202212 841.263 296.797 946.578
202303 825.994 301.836 913.882
202306 826.997 305.109 905.176
202309 844.156 307.789 915.912
202312 844.036 306.746 918.895
202403 858.294 312.332 917.706
202406 967.638 314.175 1,028.550
202409 1,093.238 315.301 1,157.906
202412 1,681.303 315.605 1,779.042
202503 1,783.338 319.799 1,862.261
202506 1,690.987 322.561 1,750.703
202509 1,657.646 324.800 1,704.354
202512 1,633.895 324.054 1,683.801
202603 1,668.577 330.213 1,687.470
202606 1,614.404 333.952 1,614.404

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 MXN819.58 mean?
Arthur J. Gallagher (MEX:AJG) has a Cyclically Adjusted Book per Share of MXN819.58 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 Arthur J. Gallagher and its competitors.
Is Arthur J. Gallagher's Cyclically Adjusted Book per Share too high?
Arthur J. Gallagher's current Cyclically Adjusted Book per Share is MXN819.58. Overall, Arthur J. Gallagher has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arthur J. Gallagher's Cyclically Adjusted Book per Share compare to AON and MRSH?
Arthur J. Gallagher's Cyclically Adjusted Book per Share of MXN819.58 can be compared against companies in the Insurance 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 an Insurance company?
A good Cyclically Adjusted Book per Share depends on the Insurance 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 Arthur J. Gallagher and its competitors. Arthur J. Gallagher's current Cyclically Adjusted Book per Share is MXN819.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arthur J. Gallagher stock overvalued right now?
Based on GuruFocus' analysis, Arthur J. Gallagher (MEX:AJG) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN4,971.95, compared to a current price of MXN3,762.25 — trading 24.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN819.58. Arthur J. Gallagher's overall GF Score™ is 87/100 with 5 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 Arthur J. Gallagher (MEX:AJG), the current Cyclically Adjusted Book per Share is MXN819.58 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 Arthur J. Gallagher (MEX:AJG) Overvalued in 2026?

Based on GuruFocus' analysis, Arthur J. Gallagher stock appears to be undervalued. The current stock price of MXN3,762.25 is trading 24.3% below its estimated GF Value™ of MXN4,971.95. GuruFocus considers Arthur J. Gallagher to be Modestly Undervalued.

Key valuation signals for MEX:AJG:

  • Cyclically Adjusted Book per Share: MXN819.58
  • GF Value™: MXN4,971.95 vs. price of MXN3,762.25 (24.3% below fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Arthur J. Gallagher Business Description

Address 2850 Golf Road, Rolling Meadows, IL, USA, 60008-4050
Founded in 1927 as a one-person agency, Gallagher's primary business is insurance brokerage, with a focus on serving middle-market companies. The company's risk management segment provides third-party claims adjustment to companies that choose to self-insure. Gallagher has about 72,000 employees and generates about a third of its revenue internationally, primarily in Australia, Canada, New Zealand, and the UK.
87GF Score

Get the complete analysis for MEX:AJG

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

MXN3,762.25
Price
MXN4,971.95
GF Value