AME (AMETEK) Cyclically Adjusted PB Ratio: (As of Aug. 05, 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.

AME AMETEK Inc AME
97 GF Score
Price $255.13
GF Value $202.10
Valuation Modestly Overvalued
! 5 Warning Signs
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What is AMETEK Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


AMETEK  (NYSE:AME) 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.


AMETEK Cyclically Adjusted PB Ratio Related Terms


AMETEK Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AMETEK'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.

AMETEK Cyclically Adjusted PB Ratio Chart

AMETEK Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.68 6.28 6.59 6.44 6.54

AMETEK Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.05 6.11 6.54 6.56 0.00

AME vs ROK, IR, ITW: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, AMETEK'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.


AMETEK Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


AME
97GF Score
AMETEK Inc AME
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AMETEK 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.

AMETEK's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, AMETEK'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)
=48.991/333.9520*333.9520
=48.991

Current CPI (Jun. 2026) = 333.9520.

AMETEK Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.575 241.428 20.161
201612 14.197 241.432 19.637
201703 14.800 243.801 20.273
201706 15.564 244.955 21.219
201709 16.295 246.819 22.048
201712 17.421 246.524 23.599
201803 18.158 249.554 24.299
201806 18.707 251.989 24.792
201809 19.438 252.439 25.715
201812 18.678 251.233 24.828
201903 19.588 254.202 25.733
201906 20.437 256.143 26.645
201909 21.287 256.759 27.687
201912 22.330 256.974 29.019
202003 23.238 258.115 30.066
202006 23.893 257.797 30.951
202009 24.794 260.280 31.812
202012 25.808 260.474 33.088
202103 26.520 264.877 33.436
202106 27.436 271.696 33.723
202109 28.351 274.310 34.515
202112 29.663 278.802 35.531
202203 29.985 287.504 34.829
202206 30.273 296.311 34.119
202209 31.058 296.808 34.945
202212 32.499 296.797 36.567
202303 33.685 301.836 37.269
202306 35.028 305.109 38.339
202309 36.146 307.789 39.219
202312 37.804 306.746 41.157
202403 38.788 312.332 41.473
202406 39.961 314.175 42.477
202409 41.288 315.301 43.730
202412 41.852 315.605 44.285
202503 43.207 319.799 45.119
202506 44.982 322.561 46.571
202509 45.728 324.800 47.016
202512 46.406 324.054 47.823
202603 47.669 330.213 48.209
202606 48.991 333.952 48.991

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.

Is AMETEK (AME) Overvalued in 2026?

Based on GuruFocus' analysis, AMETEK stock appears to be overvalued. The current stock price of $255.13 is trading 26.2% above its estimated GF Value™ of $202.10. GuruFocus considers AMETEK to be Modestly Overvalued.

Key valuation signals for AME:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $202.10 vs. price of $255.13 (26.2% above fair value)
  • GF Score™: 97/100 with 5 warning signs

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


AMETEK Business Description

Address 1100 Cassatt Road, Berwyn, PA, USA, 19312-1177
Founded in 1930 and transformed over the decades through the acquisition of dozens of esteemed brands, Ametek owns more than 40 autonomous industrial businesses operating across research, aerospace, energy, medical, and manufacturing. Ametek segments its business into two operating groups: the electronic instruments group and the electromechanical group. The EIG sells a broad portfolio of analytical, test, and measurement instruments, while the EMG sells highly engineered components, interconnects, and specialty metals. The company emphasizes product differentiation and market leadership in the niche markets it operates in.
97GF Score

Get the complete analysis for AME

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

$255.13
Price
$202.10
GF Value