ATLCY (Atlas Copco AB) Cyclically Adjusted PB Ratio: (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ATLCY Atlas Copco AB ATLCY
91 GF Score
Price $17.85
GF Value $16.11
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Atlas Copco AB Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Atlas Copco AB  (OTCPK:ATLCY) 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.


Atlas Copco AB Cyclically Adjusted PB Ratio Related Terms


Atlas Copco AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Atlas Copco AB'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.

Atlas Copco AB Cyclically Adjusted PB Ratio Chart

Atlas Copco AB 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 14.71 9.67 12.26 11.09 10.28

Atlas Copco AB 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 9.72 9.98 10.28 9.91 0.00

ATLCY vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Atlas Copco AB'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.


Atlas Copco AB Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atlas Copco AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ATLCY
91GF Score
Atlas Copco AB ATLCY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Atlas Copco AB 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.

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

For example, Atlas Copco AB'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)
=2.289/134.1100*134.1100
=2.289

Current CPI (Jun. 2026) = 134.1100.

Atlas Copco AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.214 101.138 1.610
201612 1.187 102.022 1.560
201703 1.307 102.022 1.718
201706 1.227 102.752 1.601
201709 1.406 103.279 1.826
201712 1.485 103.793 1.919
201803 1.689 103.962 2.179
201806 0.818 104.875 1.046
201809 0.860 105.679 1.091
201812 0.969 105.912 1.227
201903 1.052 105.886 1.332
201906 0.967 106.742 1.215
201909 1.070 107.214 1.338
201912 1.159 107.766 1.442
202003 1.229 106.563 1.547
202006 1.196 107.498 1.492
202009 1.317 107.635 1.641
202012 1.308 108.296 1.620
202103 1.463 108.360 1.811
202106 1.362 108.928 1.677
202109 1.468 110.338 1.784
202112 1.527 112.486 1.821
202203 1.598 114.825 1.866
202206 1.348 118.384 1.527
202209 1.444 122.296 1.583
202212 1.583 126.365 1.680
202303 1.684 127.042 1.778
202306 1.632 129.407 1.691
202309 1.711 130.224 1.762
202312 1.830 131.912 1.860
202403 2.060 132.205 2.090
202406 1.917 132.716 1.937
202409 2.051 132.304 2.079
202412 2.125 132.987 2.143
202503 2.243 132.825 2.265
202506 2.165 133.699 2.172
202509 2.334 133.480 2.345
202512 2.435 133.390 2.448
202603 2.680 133.560 2.691
202606 2.289 134.110 2.289

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.

Is Atlas Copco AB (ATLCY) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Copco AB stock appears to be overvalued. The current stock price of $17.85 is trading 10.8% above its estimated GF Value™ of $16.11. GuruFocus considers Atlas Copco AB to be Modestly Overvalued.

Key valuation signals for ATLCY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $16.11 vs. price of $17.85 (10.8% above fair value)
  • GF Score™: 91/100 with 6 warning signs

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


Atlas Copco AB Business Description

Address Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-105 23
Atlas Copco is a 140-year-old Swedish company that pioneered air compression technology and remains a leading air compressor manufacturer. Atlas Copco is also a leading manufacturer of vacuum pump equipment, industrial power tools, and portable power and air compression equipment. The company's operations match the geographic breadth of its customers, with a presence in 180 countries. Atlas Copco's revenue is derived from three sources: initial equipment sales, spare parts, and maintenance.
91GF Score

Get the complete analysis for ATLCY

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

$17.85
Price
$16.11
GF Value