ANDE (Andersons) Cyclically Adjusted PB Ratio: 1.67 (As of Aug. 11, 2026) — 26% Above Median

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ANDE Andersons Inc ANDE
61 GF Score
Price $64.10
GF Value $40.54
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Andersons Cyclically Adjusted PB Ratio?

Andersons ANDE -2.12% 61 Cyclically Adjusted PB Ratio is 1.67 as of Aug. 11, 2026, which is 26% above its 10-year median of 1.33. GuruFocus rates ANDE with a GF Score™ of 61/100 and a GF Value™ of $40.54 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 231 Retail - Defensive companies, Andersons ranks worse than 54.55% on this metric.

As of today (2026-08-11), Andersons's current share price is $64.10. Andersons's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $38.30. Andersons's Cyclically Adjusted PB Ratio for today is 1.67.

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

ANDE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1.33   Max: 2.21
Current: 1.71

During the past years, Andersons's highest Cyclically Adjusted PB Ratio was 2.21. The lowest was 0.43. And the median was 1.33.

ANDE's Cyclically Adjusted PB Ratio is ranked worse than
54.55% of 231 companies
in the Retail - Defensive industry
Industry Median: 1.64 vs ANDE: 1.71

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.

Andersons's adjusted book value per share data for the three months ended in Jun. 2026 was $38.478. 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 $38.30 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Andersons  (NAS:ANDE) 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.


Andersons Cyclically Adjusted PB Ratio Related Terms


Andersons Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Andersons'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.

Andersons Cyclically Adjusted PB Ratio Chart

Andersons 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 1.29 1.07 1.65 1.12 1.43

Andersons 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 0.99 1.07 1.43 1.90 1.79

ANDE vs UNFI, CHEF, AVO: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, Andersons'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.


Andersons Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Andersons's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ANDE
61GF Score
Andersons Inc ANDE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Andersons 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.

Andersons's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=64.10/38.30
=1.67

* 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.

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

For example, Andersons'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)
=38.478/333.9520*333.9520
=38.478

Current CPI (Jun. 2026) = 333.9520.

Andersons Quarterly Data

Book Value per Share CPI Adj_Book
201609 27.007 241.428 37.357
201612 27.431 241.432 37.943
201703 27.131 243.801 37.163
201706 26.096 244.955 35.577
201709 26.163 246.819 35.399
201712 28.738 246.524 38.930
201803 28.117 249.554 37.626
201806 28.711 251.989 38.050
201809 28.481 252.439 37.678
201812 29.140 251.233 38.734
201903 28.564 254.202 37.525
201906 29.234 256.143 38.114
201909 29.058 256.759 37.794
201912 29.200 256.974 37.947
202003 27.208 258.115 35.202
202006 27.992 257.797 36.261
202009 27.987 260.280 35.909
202012 28.667 260.474 36.754
202103 29.221 264.877 36.841
202106 30.364 271.696 37.322
202109 30.688 274.310 37.360
202112 31.673 278.802 37.938
202203 32.027 287.504 37.201
202206 34.326 296.311 38.687
202209 35.353 296.808 39.777
202212 35.654 296.797 40.117
202303 34.629 301.836 38.314
202306 36.426 305.109 39.869
202309 36.715 307.789 39.836
202312 37.962 306.746 41.329
202403 37.591 312.332 40.193
202406 38.469 314.175 40.891
202409 39.012 315.301 41.320
202412 40.167 315.605 42.502
202503 39.655 319.799 41.410
202506 39.887 322.561 41.296
202509 34.904 324.800 35.888
202512 36.783 324.054 37.907
202603 37.251 330.213 37.673
202606 38.478 333.952 38.478

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 1.67 mean?
Andersons (ANDE) has a Cyclically Adjusted PB Ratio of 1.67 as of Aug. 11, 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 Andersons and its competitors. This is 26% above median its historical median of 1.33. Over the past decade, Andersons' Cyclically Adjusted PB Ratio has ranged from 0.43 to 2.21. According to the industry distribution chart, Andersons ranks #126 out of 231 companies in the Retail - Defensive industry, placing it in the top 54.5%.
Is Andersons' Cyclically Adjusted PB Ratio too high?
Andersons' current Cyclically Adjusted PB Ratio of 1.67 is 26% above median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.21. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.64. Andersons' value of 1.67 is 1.8% above this industry median. Based on the distribution chart, Andersons ranks #126 out of 231 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Andersons has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Andersons' Cyclically Adjusted PB Ratio compare to UNFI and CHEF?
According to the Retail - Defensive industry distribution chart, Andersons ranks #126 out of 231 companies for Cyclically Adjusted PB Ratio. This places Andersons in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.64. Andersons' value of 1.67 is 1.8% above this benchmark. Historically, Andersons' own Cyclically Adjusted PB Ratio has ranged from 0.43 to 2.21 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.64, Andersons 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 - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.64, based on 231 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. Andersons's current Cyclically Adjusted PB Ratio of 1.67 is 1.8% 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 Andersons and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Andersons's current Cyclically Adjusted PB Ratio is 1.67, which is 26% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andersons stock overvalued right now?
Based on GuruFocus' analysis, Andersons (ANDE) is currently considered Significantly Overvalued. The stock's GF Value™ is $40.54, compared to a current price of $64.10 — trading 58.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.67, which is 26% above median its 10-year median of 1.33 and 1.8% above the Retail - Defensive industry median of 1.64. Andersons' overall GF Score™ is 61/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Andersons (ANDE), the current Cyclically Adjusted PB Ratio is 1.67 as of Aug. 11, 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 Andersons (ANDE) Overvalued in 2026?

Based on GuruFocus' analysis, Andersons stock appears to be overvalued. The current stock price of $64.10 is trading 58.1% above its estimated GF Value™ of $40.54. GuruFocus considers Andersons to be Significantly Overvalued.

Key valuation signals for ANDE:

  • Cyclically Adjusted PB Ratio: 1.67 (26% above median its 10-year median of 1.33)
  • GF Value™: $40.54 vs. price of $64.10 (58.1% above fair value)
  • GF Score™: 61/100 with 2 warning signs
  • Industry Position: 1.8% above the Retail - Defensive median (#126 of 231)

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


Andersons Business Description

Other Exchanges AKG:Germany
Address 1947 Briarfield Boulevard, Maumee, OH, USA, 43537
Andersons Inc is an agriculture and renewable fuels company. Its operations are classified into two reportable business segments: Agribusiness, which generates maximum revenue, and Renewables. The Agribusiness segment includes merchandising and managing logistics across various commodities, as well as being a manufacturer, distributor, and retailer of agricultural and related plant nutrients. The segment specializes in the movement of physical commodities such as whole grains, grain products, feed ingredients, and domestic fuel products, among other agricultural commodities. The Renewables segment mainly produces, purchases, and sells ethanol and co-products. Geographically, the company generates maximum revenue from the United States, followed by Canada, Mexico, and other markets.
61GF Score

Get the complete analysis for ANDE

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

$64.10
Price
$40.54
GF Value