Freightways Group (ASX:FRW) Cyclically Adjusted PB Ratio: 5.18 (As of Jul. 18, 2026) — 10% Below Median

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ASX:FRW Freightways Group Ltd ASX:FRW
68 GF Score
Price A$11.56
GF Value A$10.10
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Freightways Group Cyclically Adjusted PB Ratio?

Freightways Group ASX:FRW +0.09% 68 Cyclically Adjusted PB Ratio is 5.18 as of Jul. 18, 2026, which is 10% below its 10-year median of 5.74. GuruFocus rates ASX:FRW with a GF Score™ of 68/100 and a GF Value™ of A$10.10 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 738 Transportation companies, Freightways Group ranks worse than 92.68% on this metric.

As of today (2026-07-18), Freightways Group's current share price is A$11.56. Freightways Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 was A$2.23. Freightways Group's Cyclically Adjusted PB Ratio for today is 5.18.

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

ASX:FRW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.38   Med: 5.74   Max: 8.27
Current: 5.91

During the past 13 years, Freightways Group's highest Cyclically Adjusted PB Ratio was 8.27. The lowest was 3.38. And the median was 5.74.

ASX:FRW's Cyclically Adjusted PB Ratio is ranked worse than
92.68% of 738 companies
in the Transportation industry
Industry Median: 1.24 vs ASX:FRW: 5.91

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.

Freightways Group's adjusted book value per share data of for the fiscal year that ended in Jun25 was A$2.590. 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$2.23 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freightways Group  (ASX:FRW) 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.


Freightways Group Cyclically Adjusted PB Ratio Related Terms


Freightways Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Freightways Group'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.

Freightways Group Cyclically Adjusted PB Ratio Chart

Freightways Group 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 7.68 4.98 4.03 3.44 4.63

Freightways Group Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Jun25 Dec25
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 4.03 0.00 3.44 4.63 0.00

ASX:FRW vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Freightways Group'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.


Freightways Group Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


ASX:FRW
68GF Score
Freightways Group Ltd ASX:FRW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Freightways Group 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.

Freightways Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.56/2.23
=5.18

* 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.

Freightways Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Freightways Group's adjusted Book Value per Share data for the fiscal year that ended in Jun25 was:

Adj_Book=Book Value per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=2.59/133.5131*133.5131
=2.590

Current CPI (Jun25) = 133.5131.

Freightways Group Annual Data

Book Value per Share CPI Adj_Book
201606 1.321 100.480 1.755
201706 1.460 102.231 1.907
201806 1.541 103.764 1.983
201906 1.675 105.502 2.120
202006 1.788 107.035 2.230
202106 1.915 110.614 2.311
202206 1.943 118.690 2.186
202306 2.453 125.846 2.602
202406 2.545 130.037 2.613
202506 2.590 133.513 2.590

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 5.18 mean?
Freightways Group (ASX:FRW) has a Cyclically Adjusted PB Ratio of 5.18 as of Jul. 18, 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 Freightways Group and its competitors. This is 10% below median its historical median of 5.74. Over the past decade, Freightways Group's Cyclically Adjusted PB Ratio has ranged from 3.38 to 8.27. According to the industry distribution chart, Freightways Group ranks #684 out of 738 companies in the Transportation industry, placing it in the top 92.7%.
Is Freightways Group's Cyclically Adjusted PB Ratio too high?
Freightways Group's current Cyclically Adjusted PB Ratio of 5.18 is 10% below median its 10-year median of 5.74. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 8.27. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. Freightways Group's value of 5.18 is 317.7% above this industry median. Based on the distribution chart, Freightways Group ranks #684 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Freightways Group has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freightways Group's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Freightways Group ranks #684 out of 738 companies for Cyclically Adjusted PB Ratio. This places Freightways Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Freightways Group's value of 5.18 is 317.7% above this benchmark. Historically, Freightways Group's own Cyclically Adjusted PB Ratio has ranged from 3.38 to 8.27 over the past decade. While the company's 10-year median is 5.74 vs. the industry median of 1.24, Freightways Group 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 1.24, based on 738 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. Freightways Group's current Cyclically Adjusted PB Ratio of 5.18 is 317.7% 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 Freightways Group and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freightways Group's current Cyclically Adjusted PB Ratio is 5.18, which is 10% below median its own 10-year median of 5.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freightways Group stock overvalued right now?
Based on GuruFocus' analysis, Freightways Group (ASX:FRW) is currently considered Modestly Overvalued. The stock's GF Value™ is A$10.10, compared to a current price of A$11.56 — trading 14.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.18, which is 10% below median its 10-year median of 5.74 and 317.7% above the Transportation industry median of 1.24. Freightways Group's overall GF Score™ is 68/100 with 8 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 Freightways Group (ASX:FRW), the current Cyclically Adjusted PB Ratio is 5.18 as of Jul. 18, 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 Freightways Group (ASX:FRW) Overvalued in 2026?

Based on GuruFocus' analysis, Freightways Group stock appears to be overvalued. The current stock price of A$11.56 is trading 14.5% above its estimated GF Value™ of A$10.10. GuruFocus considers Freightways Group to be Modestly Overvalued.

Key valuation signals for ASX:FRW:

  • Cyclically Adjusted PB Ratio: 5.18 (10% below median its 10-year median of 5.74)
  • GF Value™: A$10.10 vs. price of A$11.56 (14.5% above fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 317.7% above the Transportation median (#684 of 738)

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


Freightways Group Business Description

Other Exchanges FRW:New Zealand
Address 32 Botha Road, Penrose, Auckland, NTL, NZL, DX CX10120
Freightways Group Ltd is a provider of express package services throughout New Zealand and Australia. The company is organized into three reportable segments: Express Package and Business Mail, Information Management, and Corporate and others. The Express Package and Business Mail segment covers network courier, point-to-point courier, and postal services. Information management comprises secure paper-based and electronic business information management services. Corporate and other comprises corporate, financing, and property management services. Key revenue is derived from the Express Package and Business Mail divisions.
68GF Score

Get the complete analysis for ASX:FRW

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

A$11.56
Price
A$10.10
GF Value