Ball (BSP:B1LL34) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

BSP:B1LL34 Ball Corp BSP:B1LL34
85 GF Score
Price R$162.17
GF Value R$206.95
! 2 Warning Signs
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What is Ball Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ball  (BSP:B1LL34) 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.


Ball Cyclically Adjusted PB Ratio Related Terms


Ball Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ball'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.

Ball Cyclically Adjusted PB Ratio Chart

Ball 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 15.37 6.53 5.75 5.68 4.21

Ball 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 4.81 3.83 4.26 4.03 3.90

BSP:B1LL34 vs AVY, IP, CCK: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Ball'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.


Ball Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

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

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


BSP:B1LL34
85GF Score
Ball Corp BSP:B1LL34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ball 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.

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

For example, Ball'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)
=56.394/333.9520*333.9520
=56.394

Current CPI (Jun. 2026) = 333.9520.

Ball Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.755 241.428 24.559
201612 16.477 241.432 22.791
201703 16.846 243.801 23.075
201706 17.480 244.955 23.831
201709 16.446 246.819 22.252
201712 19.179 246.524 25.981
201803 19.637 249.554 26.278
201806 22.172 251.989 29.384
201809 21.950 252.439 29.038
201812 20.589 251.233 27.368
201903 21.229 254.202 27.889
201906 20.582 256.143 26.834
201909 21.922 256.759 28.513
201912 18.705 256.974 24.308
202003 21.484 258.115 27.796
202006 23.805 257.797 30.837
202009 25.452 260.280 32.656
202012 26.456 260.474 33.919
202103 30.561 264.877 38.531
202106 28.416 271.696 34.927
202109 31.579 274.310 38.445
202112 31.987 278.802 38.314
202203 29.322 287.504 34.059
202206 29.376 296.311 33.108
202209 30.581 296.808 34.408
202212 29.642 296.797 33.353
202303 29.891 301.836 33.071
202306 29.907 305.109 32.734
202309 31.819 307.789 34.524
202312 29.520 306.746 32.138
202403 58.984 312.332 63.067
202406 63.385 314.175 67.375
202409 61.302 315.301 64.928
202412 63.299 315.605 66.979
202503 57.070 319.799 59.596
202506 52.934 322.561 54.803
202509 53.831 324.800 55.348
202512 55.970 324.054 57.680
202603 55.119 330.213 55.743
202606 56.394 333.952 56.394

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 Ball (BSP:B1LL34) Overvalued in 2026?

Based on GuruFocus' analysis, Ball stock appears to be undervalued. The current stock price of R$162.17 is trading 21.6% below its estimated GF Value™ of R$206.95.

Key valuation signals for BSP:B1LL34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$206.95 vs. price of R$162.17 (21.6% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the BSP:B1LL34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ball Business Description

Address 9200 West 108th Circle, Westminster, CO, USA, 80021
Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (48% of 2025 revenue), beverage packaging, EMEA (30%), beverage packaging, South America (16%)—and it generated $13 billion in revenue in 2025.
85GF Score

Get the complete analysis for BSP:B1LL34

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

R$162.17
Price
R$206.95
GF Value