BOC (Boston Omaha) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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
Founder & CEO of GuruFocus
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.

BOC Boston Omaha Corp BOC
70 GF Score
Price $13.46
GF Value $15.76
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Boston Omaha Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Omaha  (NYSE:BOC) 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.


Boston Omaha Cyclically Adjusted PB Ratio Related Terms


Boston Omaha Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boston Omaha'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.

Boston Omaha Cyclically Adjusted PB Ratio Chart

Boston Omaha 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 2.72 2.03 1.02 0.80 0.66

Boston Omaha 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 0.78 0.72 0.67 0.62 0.71

BOC vs FIP, TRC, FBYD: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Boston Omaha'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.


Boston Omaha Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Boston Omaha's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOC
70GF Score
Boston Omaha Corp BOC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Boston Omaha 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.

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

For example, Boston Omaha'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)
=17.054/333.9520*333.9520
=17.054

Current CPI (Jun. 2026) = 333.9520.

Boston Omaha Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.147 241.428 12.652
201612 9.016 241.432 12.471
201703 8.855 243.801 12.129
201706 10.487 244.955 14.297
201709 10.418 246.819 14.096
201712 10.332 246.524 13.996
201803 12.853 249.554 17.200
201806 14.544 251.989 19.275
201809 14.485 252.439 19.162
201812 14.334 251.233 19.054
201903 14.219 254.202 18.680
201906 14.246 256.143 18.574
201909 14.550 256.759 18.924
201912 14.758 256.974 19.179
202003 13.706 258.115 17.733
202006 14.026 257.797 18.169
202009 14.156 260.280 18.163
202012 19.338 260.474 24.793
202103 22.570 264.877 28.456
202106 22.969 271.696 28.232
202109 21.993 274.310 26.775
202112 21.570 278.802 25.837
202203 17.451 287.504 20.270
202206 17.398 296.311 19.608
202209 17.353 296.808 19.525
202212 17.833 296.797 20.065
202303 17.980 301.836 19.893
202306 19.684 305.109 21.545
202309 19.643 307.789 21.313
202312 19.688 306.746 21.434
202403 19.582 312.332 20.937
202406 17.973 314.175 19.104
202409 17.586 315.301 18.626
202412 17.944 315.605 18.987
202503 17.797 319.799 18.585
202506 17.654 322.561 18.277
202509 17.420 324.800 17.911
202512 17.271 324.054 17.799
202603 17.060 330.213 17.253
202606 17.054 333.952 17.054

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 Boston Omaha (BOC) Overvalued in 2026?

Based on GuruFocus' analysis, Boston Omaha stock appears to be undervalued. The current stock price of $13.46 is trading 14.6% below its estimated GF Value™ of $15.76. GuruFocus considers Boston Omaha to be Modestly Undervalued.

Key valuation signals for BOC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $15.76 vs. price of $13.46 (14.6% below fair value)
  • GF Score™: 70/100 with 5 warning signs

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


Boston Omaha Business Description

Other Exchanges 42S:Germany
Address 1601 Dodge Street, Suite 3300, Omaha, NE, USA, 68102
Boston Omaha Corp is a diversified holding company engaged in outdoor billboard advertising, broadband services, surety insurance, and related brokerage activities, and asset management. The company generates revenue mainly from leasing advertising space on billboards, providing broadband internet services, and earning premiums and commissions from its insurance operations. In addition, it holds minority equity investments in various businesses, including real estate-related and other industries.
70GF Score

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

$13.46
Price
$15.76
GF Value