ANCTF (Alimentation Couche-Tard) Cyclically Adjusted PB Ratio: 5.43 (As of Aug. 03, 2026) — 18% Below Median

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ANCTF Alimentation Couche-Tard Inc ANCTF
91 GF Score
Price $65.01
GF Value $62.78
Valuation Fairly Valued
! 7 Warning Signs
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What is Alimentation Couche-Tard Cyclically Adjusted PB Ratio?

Alimentation Couche-Tard ANCTF +1.31% 91 Cyclically Adjusted PB Ratio is 5.43 as of Aug. 03, 2026, which is 18% below its 10-year median of 6.64. GuruFocus rates ANCTF with a GF Score™ of 91/100 and a GF Value™ of $62.78 (Fairly Valued). The stock has 7 warning signs investors should review. Among 806 Retail - Cyclical companies, Alimentation Couche-Tard ranks worse than 88.59% on this metric.

As of today (2026-08-03), Alimentation Couche-Tard's current share price is $65.01. Alimentation Couche-Tard's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was $11.97. Alimentation Couche-Tard's Cyclically Adjusted PB Ratio for today is 5.43.

The historical rank and industry rank for Alimentation Couche-Tard's Cyclically Adjusted PB Ratio or its related term are showing as below:

ANCTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.5   Med: 6.64   Max: 12.82
Current: 5.46

During the past years, Alimentation Couche-Tard's highest Cyclically Adjusted PB Ratio was 12.82. The lowest was 4.50. And the median was 6.64.

ANCTF's Cyclically Adjusted PB Ratio is ranked worse than
88.59% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs ANCTF: 5.46

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.

Alimentation Couche-Tard's adjusted book value per share data for the three months ended in Apr. 2026 was $17.618. 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 $11.97 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alimentation Couche-Tard  (OTCPK:ANCTF) 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.


Alimentation Couche-Tard Cyclically Adjusted PB Ratio Related Terms


Alimentation Couche-Tard Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alimentation Couche-Tard'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.

Alimentation Couche-Tard Cyclically Adjusted PB Ratio Chart

Alimentation Couche-Tard Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.37 6.30 6.13 5.06 4.94

Alimentation Couche-Tard Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 5.06 4.87 4.69 4.55 4.94

ANCTF vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Alimentation Couche-Tard'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.


Alimentation Couche-Tard Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alimentation Couche-Tard's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alimentation Couche-Tard's Cyclically Adjusted PB Ratio falls into.


ANCTF
91GF Score
Alimentation Couche-Tard Inc ANCTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alimentation Couche-Tard 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.

Alimentation Couche-Tard's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=65.01/11.97
=5.43

* 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.

Alimentation Couche-Tard's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Alimentation Couche-Tard's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=17.618/132.7364*132.7364
=17.618

Current CPI (Apr. 2026) = 132.7364.

Alimentation Couche-Tard Quarterly Data

Book Value per Share CPI Adj_Book
201607 4.646 101.844 6.055
201610 4.918 102.002 6.400
201701 5.116 102.318 6.637
201704 5.286 103.029 6.810
201707 5.728 103.029 7.380
201710 6.082 103.424 7.806
201801 6.556 104.056 8.363
201804 6.700 105.320 8.444
201807 6.946 106.110 8.689
201810 7.336 105.952 9.191
201901 7.809 105.557 9.820
201904 7.905 107.453 9.765
201907 8.347 108.243 10.236
201910 8.614 107.927 10.594
202001 8.914 108.085 10.947
202004 9.047 107.216 11.200
202007 9.975 108.401 12.214
202010 10.710 108.638 13.086
202101 11.080 109.192 13.469
202104 11.283 110.851 13.511
202107 11.634 112.431 13.735
202110 12.096 113.695 14.122
202201 12.184 114.801 14.087
202204 12.038 118.357 13.501
202207 12.150 120.964 13.332
202210 12.687 121.517 13.858
202301 12.192 121.596 13.309
202304 12.804 123.571 13.754
202307 13.596 124.914 14.447
202310 13.554 125.310 14.357
202401 13.828 125.072 14.675
202404 13.780 126.890 14.415
202407 14.527 128.075 15.056
202410 14.735 127.838 15.300
202501 14.980 127.443 15.602
202504 15.766 129.102 16.210
202507 16.503 130.290 16.813
202510 16.506 130.603 16.776
202601 16.973 130.366 17.282
202604 17.618 132.736 17.618

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.

What does a Cyclically Adjusted PB Ratio of 5.43 mean?
Alimentation Couche-Tard (ANCTF) has a Cyclically Adjusted PB Ratio of 5.43 as of Aug. 03, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Alimentation Couche-Tard and its competitors. This is 18% below median its historical median of 6.64. Over the past decade, Alimentation Couche-Tard's Cyclically Adjusted PB Ratio has ranged from 4.50 to 12.82. According to the industry distribution chart, Alimentation Couche-Tard ranks #714 out of 806 companies in the Retail - Cyclical industry, placing it in the top 88.6%.
Is Alimentation Couche-Tard's Cyclically Adjusted PB Ratio too high?
Alimentation Couche-Tard's current Cyclically Adjusted PB Ratio of 5.43 is 18% below median its 10-year median of 6.64. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 12.82. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Alimentation Couche-Tard's value of 5.43 is 334.4% above this industry median. Based on the distribution chart, Alimentation Couche-Tard ranks #714 out of 806 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Alimentation Couche-Tard has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alimentation Couche-Tard's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Alimentation Couche-Tard ranks #714 out of 806 companies for Cyclically Adjusted PB Ratio. This places Alimentation Couche-Tard in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Alimentation Couche-Tard's value of 5.43 is 334.4% above this benchmark. Historically, Alimentation Couche-Tard's own Cyclically Adjusted PB Ratio has ranged from 4.50 to 12.82 over the past decade. While the company's 10-year median is 6.64 vs. the industry median of 1.25, Alimentation Couche-Tard has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alimentation Couche-Tard's current Cyclically Adjusted PB Ratio of 5.43 is 334.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Alimentation Couche-Tard and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alimentation Couche-Tard's current Cyclically Adjusted PB Ratio is 5.43, which is 18% below median its own 10-year median of 6.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alimentation Couche-Tard stock overvalued right now?
Based on GuruFocus' analysis, Alimentation Couche-Tard (ANCTF) is currently considered Fairly Valued. The stock's GF Value™ is $62.78, compared to a current price of $65.01 — trading 3.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.43, which is 18% below median its 10-year median of 6.64 and 334.4% above the Retail - Cyclical industry median of 1.25. Alimentation Couche-Tard's overall GF Score™ is 91/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Alimentation Couche-Tard (ANCTF), the current Cyclically Adjusted PB Ratio is 5.43 as of Aug. 03, 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 Alimentation Couche-Tard (ANCTF) Overvalued in 2026?

Based on GuruFocus' analysis, Alimentation Couche-Tard stock appears to be overvalued. The current stock price of $65.01 is trading 3.6% above its estimated GF Value™ of $62.78. GuruFocus considers Alimentation Couche-Tard to be Fairly Valued.

Key valuation signals for ANCTF:

  • Cyclically Adjusted PB Ratio: 5.43 (18% below median its 10-year median of 6.64)
  • GF Value™: $62.78 vs. price of $65.01 (3.6% above fair value)
  • GF Score™: 91/100 with 7 warning signs
  • Industry Position: 334.4% above the Retail - Cyclical median (#714 of 806)

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


Alimentation Couche-Tard Business Description

Other Exchanges CJA0:GermanyATD:Canada
Address 4204 Boulevard Industriel, Laval, QC, CAN, H7L 0E3
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Europe, and Asia. The company generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates stores under the Circle K banner in other countries such as Indonesia, Egypt, Macau, and others. Its operation is geographically divided into the U.S., Europe and other regions, and Canada. Revenue from external customers falls mainly into three categories: merchandise and services, road transportation fuel, and others. The company generates the majority of its revenue from the United States.
91GF Score

Get the complete analysis for ANCTF

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

$65.01
Price
$62.78
GF Value