AZZ (AZZ) Cyclically Adjusted PB Ratio: 4.50 (As of Aug. 06, 2026) — 67% Above Median

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AZZ AZZ Inc AZZ
79 GF Score
Price $152.10
GF Value $85.20
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is AZZ Cyclically Adjusted PB Ratio?

AZZ AZZ +0.09% 79 Cyclically Adjusted PB Ratio is 4.50 as of Aug. 06, 2026, which is 67% above its 10-year median of 2.70. GuruFocus rates AZZ with a GF Score™ of 79/100 and a GF Value™ of $85.20 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 729 Business Services companies, AZZ ranks worse than 84.5% on this metric.

As of today (2026-08-06), AZZ's current share price is $152.095. AZZ's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was $33.77. AZZ's Cyclically Adjusted PB Ratio for today is 4.50.

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

AZZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.39   Med: 2.7   Max: 5.77
Current: 4.5

During the past years, AZZ's highest Cyclically Adjusted PB Ratio was 5.77. The lowest was 1.39. And the median was 2.70.

AZZ's Cyclically Adjusted PB Ratio is ranked worse than
84.5% of 729 companies
in the Business Services industry
Industry Median: 1.55 vs AZZ: 4.50

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.

AZZ's adjusted book value per share data for the three months ended in May. 2026 was $45.842. 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 $33.77 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AZZ  (NYSE:AZZ) 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.


AZZ Cyclically Adjusted PB Ratio Related Terms


AZZ Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AZZ'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.

AZZ Cyclically Adjusted PB Ratio Chart

AZZ Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.17 1.60 2.62 3.22 4.19

AZZ Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 2.97 3.61 3.32 4.19 4.01

AZZ vs DLB, UNF, AMTM: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, AZZ'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.


AZZ Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, AZZ's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AZZ
79GF Score
AZZ Inc AZZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AZZ 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=152.095/33.77
=4.50

* 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.

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

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

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=45.842/335.1230*335.1230
=45.842

Current CPI (May. 2026) = 335.1230.

AZZ Quarterly Data

Book Value per Share CPI Adj_Book
201608 19.641 240.849 27.329
201611 20.009 241.353 27.783
201702 20.534 243.603 28.248
201705 20.635 244.733 28.256
201708 21.005 245.519 28.671
201711 20.952 246.669 28.465
201802 21.773 248.991 29.305
201805 22.146 251.588 29.499
201808 22.492 252.146 29.894
201811 22.842 252.038 30.372
201902 23.118 252.776 30.649
201905 23.679 256.092 30.986
201908 24.202 256.558 31.613
201911 24.895 257.208 32.436
202002 24.261 258.678 31.431
202005 24.266 256.394 31.717
202008 24.219 259.918 31.227
202011 24.541 260.229 31.604
202102 24.824 263.014 31.630
202105 25.424 269.195 31.651
202108 25.702 273.567 31.485
202111 26.244 277.948 31.642
202202 27.032 283.716 31.930
202205 27.850 292.296 31.931
202208 34.566 296.171 39.112
202211 34.261 297.711 38.566
202302 24.877 300.840 27.712
202305 34.827 304.127 38.376
202308 35.803 307.026 39.079
202311 36.723 307.051 40.080
202402 27.917 310.326 30.148
202405 32.442 314.069 34.617
202408 33.462 314.796 35.623
202411 34.461 315.493 36.605
202502 34.951 319.082 36.708
202505 40.467 321.465 42.186
202508 43.352 323.976 44.844
202511 44.187 324.122 45.687
202602 44.747 326.785 45.889
202605 45.842 335.123 45.842

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 4.50 mean?
AZZ (AZZ) has a Cyclically Adjusted PB Ratio of 4.50 as of Aug. 06, 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 AZZ and its competitors. This is 67% above median its historical median of 2.70. Over the past decade, AZZ's Cyclically Adjusted PB Ratio has ranged from 1.39 to 5.77. According to the industry distribution chart, AZZ ranks #616 out of 729 companies in the Business Services industry, placing it in the top 84.5%.
Is AZZ's Cyclically Adjusted PB Ratio too high?
AZZ's current Cyclically Adjusted PB Ratio of 4.50 is 67% above median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 5.77. The Business Services industry median Cyclically Adjusted PB Ratio is 1.55. AZZ's value of 4.50 is 190.3% above this industry median. Based on the distribution chart, AZZ ranks #616 out of 729 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, AZZ has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AZZ's Cyclically Adjusted PB Ratio compare to DLB and UNF?
According to the Business Services industry distribution chart, AZZ ranks #616 out of 729 companies for Cyclically Adjusted PB Ratio. This places AZZ in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. AZZ's value of 4.50 is 190.3% above this benchmark. Historically, AZZ's own Cyclically Adjusted PB Ratio has ranged from 1.39 to 5.77 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 1.55, AZZ 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.55, based on 729 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. AZZ's current Cyclically Adjusted PB Ratio of 4.50 is 190.3% 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 AZZ and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AZZ's current Cyclically Adjusted PB Ratio is 4.50, which is 67% above median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AZZ stock overvalued right now?
Based on GuruFocus' analysis, AZZ (AZZ) is currently considered Significantly Overvalued. The stock's GF Value™ is $85.20, compared to a current price of $152.10 — trading 78.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.50, which is 67% above median its 10-year median of 2.70 and 190.3% above the Business Services industry median of 1.55. AZZ's overall GF Score™ is 79/100 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 AZZ (AZZ), the current Cyclically Adjusted PB Ratio is 4.50 as of Aug. 06, 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 AZZ (AZZ) Overvalued in 2026?

Based on GuruFocus' analysis, AZZ stock appears to be overvalued. The current stock price of $152.10 is trading 78.5% above its estimated GF Value™ of $85.20. GuruFocus considers AZZ to be Significantly Overvalued.

Key valuation signals for AZZ:

  • Cyclically Adjusted PB Ratio: 4.50 (67% above median its 10-year median of 2.70)
  • GF Value™: $85.20 vs. price of $152.10 (78.5% above fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 190.3% above the Business Services median (#616 of 729)

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


AZZ Business Description

Other Exchanges AI7:Germany
Address 3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107
AZZ Inc is a provider of galvanizing and coil coating solutions to a broad range of end markets in North America. The company's operating segment consists of AZZ Metal Coatings, AZZ Precoat Metals, and AZZ Infrastructure Solutions. The company generates the majority of its revenue from the Precoat Metals segment, which provides coil coating application of protective and decorative coatings and related value-added downstream processing for steel and aluminum coils. Geographically, the company operates in the United States and Canada.
79GF Score

Get the complete analysis for AZZ

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

$152.10
Price
$85.20
GF Value