ASC (Ardmore Shipping) Cyclically Adjusted PB Ratio: 1.30 (As of Aug. 25, 2026) — 41% Above Median

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ASC Ardmore Shipping Corp ASC
75 GF Score
Price $18.25
GF Value $13.00
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Ardmore Shipping Cyclically Adjusted PB Ratio?

Ardmore Shipping ASC -0.82% 75 Cyclically Adjusted PB Ratio is 1.30 as of Aug. 25, 2026, which is 41% above its 10-year median of 0.92. GuruFocus rates ASC with a GF Score™ of 75/100 and a GF Value™ of $13.00 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 708 Transportation companies, Ardmore Shipping ranks worse than 50.85% on this metric.

As of today (2026-08-25), Ardmore Shipping's current share price is $18.25. Ardmore Shipping's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $14.05. Ardmore Shipping's Cyclically Adjusted PB Ratio for today is 1.30.

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

ASC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.92   Max: 1.67
Current: 1.31

During the past years, Ardmore Shipping's highest Cyclically Adjusted PB Ratio was 1.67. The lowest was 0.26. And the median was 0.92.

ASC's Cyclically Adjusted PB Ratio is ranked worse than
50.85% of 708 companies
in the Transportation industry
Industry Median: 1.275 vs ASC: 1.31

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.

Ardmore Shipping's adjusted book value per share data for the three months ended in Jun. 2026 was $17.136. 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 $14.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ardmore Shipping  (NYSE:ASC) 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.


Ardmore Shipping Cyclically Adjusted PB Ratio Related Terms


Ardmore Shipping Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ardmore Shipping'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.

Ardmore Shipping Cyclically Adjusted PB Ratio Chart

Ardmore Shipping 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 0.27 1.08 1.02 0.89 0.77

Ardmore Shipping 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 0.70 0.86 0.77 1.10 1.00

ASC vs SB, ESEA, PANL: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Ardmore Shipping'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.


Ardmore Shipping Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


ASC
75GF Score
Ardmore Shipping Corp ASC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ardmore Shipping 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.

Ardmore Shipping's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.25/14.05
=1.30

* 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.

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

For example, Ardmore Shipping'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)
=17.136/333.9520*333.9520
=17.136

Current CPI (Jun. 2026) = 333.9520.

Ardmore Shipping Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.145 241.428 16.799
201612 12.040 241.432 16.654
201703 11.979 243.801 16.409
201706 11.927 244.955 16.260
201709 11.793 246.819 15.956
201712 11.854 246.524 16.058
201803 11.652 249.554 15.593
201806 11.339 251.989 15.027
201809 10.984 252.439 14.531
201812 10.471 251.233 13.919
201903 10.208 254.202 13.411
201906 9.925 256.143 12.940
201909 9.772 256.759 12.710
201912 9.851 256.974 12.802
202003 9.982 258.115 12.915
202006 10.376 257.797 13.441
202009 10.203 260.280 13.091
202012 9.652 260.474 12.375
202103 9.388 264.877 11.836
202106 9.041 271.696 11.113
202109 8.687 274.310 10.576
202112 8.496 278.802 10.177
202203 8.321 287.504 9.665
202206 9.058 296.311 10.209
202209 10.266 296.808 11.551
202212 11.554 296.797 13.000
202303 12.058 301.836 13.341
202306 12.199 305.109 13.352
202309 12.519 307.789 13.583
202312 13.011 306.746 14.165
202403 13.674 312.332 14.621
202406 14.763 314.175 15.692
202409 14.924 315.301 15.807
202412 15.020 315.605 15.893
202503 15.032 319.799 15.697
202506 15.193 322.561 15.730
202509 15.435 324.800 15.870
202512 15.574 324.054 16.050
202603 16.047 330.213 16.229
202606 17.136 333.952 17.136

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 1.30 mean?
Ardmore Shipping (ASC) has a Cyclically Adjusted PB Ratio of 1.30 as of Aug. 25, 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 Ardmore Shipping and its competitors. This is 41% above median its historical median of 0.92. Over the past decade, Ardmore Shipping's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.67. According to the industry distribution chart, Ardmore Shipping ranks #360 out of 708 companies in the Transportation industry, placing it in the top 50.8%.
Is Ardmore Shipping's Cyclically Adjusted PB Ratio too high?
Ardmore Shipping's current Cyclically Adjusted PB Ratio of 1.30 is 41% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.67. The Transportation industry median Cyclically Adjusted PB Ratio is 1.28. Ardmore Shipping's value of 1.30 is 2% above this industry median. Based on the distribution chart, Ardmore Shipping ranks #360 out of 708 companies in the Transportation industry, which is below the industry midpoint. Overall, Ardmore Shipping has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ardmore Shipping's Cyclically Adjusted PB Ratio compare to SB and ESEA?
According to the Transportation industry distribution chart, Ardmore Shipping ranks #360 out of 708 companies for Cyclically Adjusted PB Ratio. This places Ardmore Shipping in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Ardmore Shipping's value of 1.30 is 2% above this benchmark. Historically, Ardmore Shipping's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.67 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.28, Ardmore Shipping 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.28, based on 708 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. Ardmore Shipping's current Cyclically Adjusted PB Ratio of 1.30 is 2% 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 Ardmore Shipping and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ardmore Shipping's current Cyclically Adjusted PB Ratio is 1.30, which is 41% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ardmore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Ardmore Shipping (ASC) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.00, compared to a current price of $18.25 — trading 40.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.30, which is 41% above median its 10-year median of 0.92 and 2% above the Transportation industry median of 1.28. Ardmore Shipping's overall GF Score™ is 75/100 with 3 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 Ardmore Shipping (ASC), the current Cyclically Adjusted PB Ratio is 1.30 as of Aug. 25, 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 Ardmore Shipping (ASC) Overvalued in 2026?

Based on GuruFocus' analysis, Ardmore Shipping stock appears to be overvalued. The current stock price of $18.25 is trading 40.4% above its estimated GF Value™ of $13.00. GuruFocus considers Ardmore Shipping to be Significantly Overvalued.

Key valuation signals for ASC:

  • Cyclically Adjusted PB Ratio: 1.30 (41% above median its 10-year median of 0.92)
  • GF Value™: $13.00 vs. price of $18.25 (40.4% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 2% above the Transportation median (#360 of 708)

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


Ardmore Shipping Business Description

Other Exchanges A61:Germany
Address 7 Church Street, Dorchester House, Hamilton, BMU, HM11
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
75GF Score

Get the complete analysis for ASC

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

$18.25
Price
$13.00
GF Value