Amcor (ASX:AMC) Cyclically Adjusted PB Ratio: 2.53 (As of Jul. 09, 2026) — 16% Below Median


ASX:AMC Amcor PLC ASX:AMC
82 GF Score
Price A$61.35
GF Value A$74.91
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Amcor Cyclically Adjusted PB Ratio?

Amcor ASX:AMC -4.02% 82 Cyclically Adjusted PB Ratio is 2.53 as of Jul. 09, 2026, which is 16% below its 10-year median of 3.02. GuruFocus rates ASX:AMC with a GF Score™ of 82/100 and a GF Value™ of A$74.91 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 314 Packaging & Containers companies, Amcor ranks worse than 75.48% on this metric.

As of today (2026-07-09), Amcor's current share price is A$61.35. Amcor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was A$24.24. Amcor's Cyclically Adjusted PB Ratio for today is 2.53.

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

ASX:AMC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.14   Med: 3.02   Max: 4.13
Current: 2.45

During the past years, Amcor's highest Cyclically Adjusted PB Ratio was 4.13. The lowest was 2.14. And the median was 3.02.

ASX:AMC's Cyclically Adjusted PB Ratio is ranked worse than
75.48% of 314 companies
in the Packaging & Containers industry
Industry Median: 1.21 vs ASX:AMC: 2.45

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.

Amcor's adjusted book value per share data for the three months ended in Mar. 2026 was A$35.929. 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 A$24.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amcor  (ASX:AMC) 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.


Amcor Cyclically Adjusted PB Ratio Related Terms


Amcor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amcor'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.

Amcor Cyclically Adjusted PB Ratio Chart

Amcor Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.59 3.74 2.96 2.86 2.75

Amcor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.94 2.75 2.43 2.46 2.32

ASX:AMC vs IP, PKG, BALL: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Amcor'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.


Amcor Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Amcor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ASX:AMC
82GF Score
Amcor PLC ASX:AMC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amcor 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=61.35/24.24
=2.53

* 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.

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

For example, Amcor's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=35.929/140.8000*140.8000
=35.929

Current CPI (Mar. 2026) = 140.8000.

Amcor Quarterly Data

Book Value per Share CPI Adj_Book
200906 15.741 88.100 25.157
201006 16.569 90.200 25.864
201106 15.126 93.500 22.778
201206 13.999 95.600 20.618
201306 14.459 98.000 20.774
201406 8.980 99.800 12.669
201506 8.055 100.100 11.330
201606 4.607 101.000 6.422
201706 4.689 103.500 6.379
201806 5.853 105.900 7.782
201812 5.975 107.100 7.855
201903 0.000 107.000 0.000
201906 24.860 107.900 32.440
201909 24.575 108.400 31.920
201912 24.185 108.500 31.385
202003 24.221 108.600 31.403
202006 21.459 108.800 27.770
202009 20.743 109.200 26.746
202012 20.429 109.400 26.293
202103 19.597 109.700 25.153
202106 20.297 111.400 25.654
202109 20.802 112.400 26.058
202112 20.655 114.700 25.355
202203 20.417 116.500 24.676
202206 19.532 120.500 22.822
202209 19.775 122.300 22.766
202212 21.736 125.300 24.425
202303 21.645 126.800 24.035
202306 20.728 129.400 22.554
202309 21.002 130.100 22.729
202312 20.506 130.500 22.124
202403 20.826 131.600 22.282
202406 20.219 133.000 21.405
202409 20.024 133.500 21.119
202412 20.670 135.100 21.542
202503 21.142 136.100 21.872
202506 39.079 138.400 39.757
202509 38.545 138.900 39.072
202512 37.913 139.900 38.157
202603 35.929 140.800 35.929

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 2.53 mean?
Amcor (ASX:AMC) has a Cyclically Adjusted PB Ratio of 2.53 as of Jul. 09, 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 Amcor and its competitors. This is 16% below median its historical median of 3.02. Over the past decade, Amcor's Cyclically Adjusted PB Ratio has ranged from 2.14 to 4.13. According to the industry distribution chart, Amcor ranks #237 out of 314 companies in the Packaging & Containers industry, placing it in the top 75.5%.
Is Amcor's Cyclically Adjusted PB Ratio too high?
Amcor's current Cyclically Adjusted PB Ratio of 2.53 is 16% below median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 4.13. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.21. Amcor's value of 2.53 is 109.1% above this industry median. Based on the distribution chart, Amcor ranks #237 out of 314 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Amcor has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amcor's Cyclically Adjusted PB Ratio compare to IP and PKG?
According to the Packaging & Containers industry distribution chart, Amcor ranks #237 out of 314 companies for Cyclically Adjusted PB Ratio. This places Amcor in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Amcor's value of 2.53 is 109.1% above this benchmark. Historically, Amcor's own Cyclically Adjusted PB Ratio has ranged from 2.14 to 4.13 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 1.21, Amcor 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.21, based on 314 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. Amcor's current Cyclically Adjusted PB Ratio of 2.53 is 109.1% 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 Amcor and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amcor's current Cyclically Adjusted PB Ratio is 2.53, which is 16% below median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amcor stock overvalued right now?
Based on GuruFocus' analysis, Amcor (ASX:AMC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$74.91, compared to a current price of A$61.35 — trading 18.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.53, which is 16% below median its 10-year median of 3.02 and 109.1% above the Packaging & Containers industry median of 1.21. Amcor's overall GF Score™ is 82/100 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 Amcor (ASX:AMC), the current Cyclically Adjusted PB Ratio is 2.53 as of Jul. 09, 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 Amcor (ASX:AMC) Overvalued in 2026?

Based on GuruFocus' analysis, Amcor stock appears to be undervalued. The current stock price of A$61.35 is trading 18.1% below its estimated GF Value™ of A$74.91. GuruFocus considers Amcor to be Modestly Undervalued.

Key valuation signals for ASX:AMC:

  • Cyclically Adjusted PB Ratio: 2.53 (16% below median its 10-year median of 3.02)
  • GF Value™: A$74.91 vs. price of A$61.35 (18.1% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 109.1% above the Packaging & Containers median (#237 of 314)

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


Amcor Business Description

Address 83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP
Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods industry. About 90% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.
82GF Score

Get the complete analysis for ASX:AMC

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

A$61.35
Price
A$74.91
GF Value