Amdocs (BSP:D2OX34) Cyclically Adjusted PB Ratio: 1.47 (As of Aug. 01, 2026) — 49% Below Median

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BSP:D2OX34 Amdocs Ltd BSP:D2OX34
73 GF Score
Price R$32.18
GF Value R$50.57
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Amdocs Cyclically Adjusted PB Ratio?

Amdocs BSP:D2OX34 73 Cyclically Adjusted PB Ratio is 1.47 as of Aug. 01, 2026, which is 49% below its 10-year median of 2.90. GuruFocus rates BSP:D2OX34 with a GF Score™ of 73/100 and a GF Value™ of R$50.57 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,576 Software companies, Amdocs ranks better than 59.71% on this metric.

As of today (2026-08-01), Amdocs's current share price is R$32.18. Amdocs's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$21.90. Amdocs's Cyclically Adjusted PB Ratio for today is 1.47.

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

BSP:D2OX34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.56   Med: 2.9   Max: 3.38
Current: 1.68

During the past years, Amdocs's highest Cyclically Adjusted PB Ratio was 3.38. The lowest was 1.56. And the median was 2.90.

BSP:D2OX34's Cyclically Adjusted PB Ratio is ranked better than
59.71% of 1576 companies
in the Software industry
Industry Median: 2.235 vs BSP:D2OX34: 1.68

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.

Amdocs's adjusted book value per share data for the three months ended in Mar. 2026 was R$20.826. 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 R$21.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amdocs  (BSP:D2OX34) 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.


Amdocs Cyclically Adjusted PB Ratio Related Terms


Amdocs Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amdocs'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.

Amdocs Cyclically Adjusted PB Ratio Chart

Amdocs Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 2.74 2.77 2.78 2.52

Amdocs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.86 2.83 2.52 2.48 1.97

BSP:D2OX34 vs PATH, ACIW, GTLB: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Amdocs'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.


Amdocs Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Amdocs's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:D2OX34
73GF Score
Amdocs Ltd BSP:D2OX34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amdocs 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.18/21.90
=1.47

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=20.826/330.2130*330.2130
=20.826

Current CPI (Mar. 2026) = 330.2130.

Amdocs Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.938 241.018 13.616
201609 9.545 241.428 13.055
201612 9.919 241.432 13.566
201703 9.484 243.801 12.845
201706 10.150 244.955 13.683
201709 9.692 246.819 12.967
201712 10.309 246.524 13.809
201803 10.246 249.554 13.558
201806 11.730 251.989 15.371
201809 12.636 252.439 16.529
201812 12.054 251.233 15.843
201903 12.080 254.202 15.692
201906 12.362 256.143 15.937
201909 13.373 256.759 17.199
201912 13.493 256.974 17.339
202003 16.179 258.115 20.698
202006 17.575 257.797 22.512
202009 18.590 260.280 23.585
202012 18.807 260.474 23.842
202103 19.888 264.877 24.794
202106 18.028 271.696 21.911
202109 18.986 274.310 22.855
202112 20.253 278.802 23.988
202203 18.036 287.504 20.715
202206 18.266 296.311 20.356
202209 19.080 296.808 21.227
202212 19.287 296.797 21.458
202303 19.418 301.836 21.244
202306 18.393 305.109 19.906
202309 18.538 307.789 19.889
202312 18.714 306.746 20.146
202403 19.034 312.332 20.124
202406 20.662 314.175 21.717
202409 21.198 315.301 22.201
202412 23.554 315.605 24.644
202503 22.397 319.799 23.126
202506 22.081 322.561 22.605
202509 21.199 324.800 21.552
202512 21.701 324.054 22.113
202603 20.826 330.213 20.826

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 1.47 mean?
Amdocs (BSP:D2OX34) has a Cyclically Adjusted PB Ratio of 1.47 as of Aug. 01, 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 Amdocs and its competitors. This is 49% below median its historical median of 2.90. Over the past decade, Amdocs' Cyclically Adjusted PB Ratio has ranged from 1.56 to 3.38. According to the industry distribution chart, Amdocs ranks #635 out of 1576 companies in the Software industry, placing it in the top 40.3%.
Is Amdocs' Cyclically Adjusted PB Ratio too high?
Amdocs' current Cyclically Adjusted PB Ratio of 1.47 is 49% below median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 3.38. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Amdocs' value of 1.47 is 34.2% below this industry median. Based on the distribution chart, Amdocs ranks #635 out of 1576 companies in the Software industry, which is above the industry midpoint. Overall, Amdocs has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amdocs' Cyclically Adjusted PB Ratio compare to PATH and ACIW?
According to the Software industry distribution chart, Amdocs ranks #635 out of 1576 companies for Cyclically Adjusted PB Ratio. This puts Amdocs in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Amdocs' value of 1.47 is 34.2% below this benchmark. Historically, Amdocs' own Cyclically Adjusted PB Ratio has ranged from 1.56 to 3.38 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 2.24, Amdocs has consistently been below 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,576 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. Amdocs's current Cyclically Adjusted PB Ratio of 1.47 is 34.2% below 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 Amdocs and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amdocs's current Cyclically Adjusted PB Ratio is 1.47, which is 49% below median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amdocs stock overvalued right now?
Based on GuruFocus' analysis, Amdocs (BSP:D2OX34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$50.57, compared to a current price of R$32.18 — trading 36.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.47, which is 49% below median its 10-year median of 2.90 and 34.2% below the Software industry median of 2.24. Amdocs' overall GF Score™ is 73/100 with 2 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 Amdocs (BSP:D2OX34), the current Cyclically Adjusted PB Ratio is 1.47 as of Aug. 01, 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 Amdocs (BSP:D2OX34) Overvalued in 2026?

Based on GuruFocus' analysis, Amdocs stock appears to be undervalued. The current stock price of R$32.18 is trading 36.4% below its estimated GF Value™ of R$50.57. GuruFocus considers Amdocs to be Significantly Undervalued.

Key valuation signals for BSP:D2OX34:

  • Cyclically Adjusted PB Ratio: 1.47 (49% below median its 10-year median of 2.90)
  • GF Value™: R$50.57 vs. price of R$32.18 (36.4% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 34.2% below the Software median (#635 of 1576)

No single metric tells the full story. See the BSP:D2OX34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amdocs Business Description

Address 625 Maryville Centre Drive, Suite 200, Saint Louis, MO, USA, 63141
Amdocs Ltd is a provider of software and services to communications, entertainment, and media service providers. The Company operates in a single segment and designs, develops, markets, supports, implements, and operates open and modular cloud offerings. Its portfolio includes solutions across digital business systems and legacy business and operational support systems, supporting multiple lines of business such as wireless, broadband, cable, fiber, satellite, and digital services. The Company leverages artificial intelligence to support digital transformation, cloud adoption, and intelligent network automation. Geographically, it derives a majority of its revenue from North America and also operates in Europe and the rest of the world.
73GF Score

Get the complete analysis for BSP:D2OX34

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

R$32.18
Price
R$50.57
GF Value