Ecolab (BSP:E1CL34) Cyclically Adjusted PB Ratio: 8.45 (As of Aug. 12, 2026) — Near Median

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BSP:E1CL34 Ecolab Inc BSP:E1CL34
20 GF Score
Price R$333.82
GF Value R$323.10
Valuation Fairly Valued
! 2 Warning Signs
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What is Ecolab Cyclically Adjusted PB Ratio?

Ecolab BSP:E1CL34 20 Cyclically Adjusted PB Ratio is 8.45 as of Aug. 12, 2026, which is 9% above its 10-year median of 7.78. GuruFocus rates BSP:E1CL34 with a GF Score™ of 20/100 and a GF Value™ of R$323.10 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,221 Chemicals companies, Ecolab ranks worse than 93.2% on this metric.

As of today (2026-08-12), Ecolab's current share price is R$333.82. Ecolab's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$39.52. Ecolab's Cyclically Adjusted PB Ratio for today is 8.45.

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

BSP:E1CL34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.63   Med: 7.78   Max: 9.84
Current: 8.75

During the past years, Ecolab's highest Cyclically Adjusted PB Ratio was 9.84. The lowest was 4.63. And the median was 7.78.

BSP:E1CL34's Cyclically Adjusted PB Ratio is ranked worse than
93.2% of 1221 companies
in the Chemicals industry
Industry Median: 1.66 vs BSP:E1CL34: 8.75

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.

Ecolab's adjusted book value per share data for the three months ended in Jun. 2026 was R$45.951. 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$39.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecolab  (BSP:E1CL34) 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.


Ecolab Cyclically Adjusted PB Ratio Related Terms


Ecolab Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ecolab'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.

Ecolab Cyclically Adjusted PB Ratio Chart

Ecolab 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 8.58 5.01 6.66 7.72 8.38

Ecolab 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 8.68 8.74 8.38 8.30 8.57

BSP:E1CL34 vs SHW, APD, PPG: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Ecolab'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.


Ecolab Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ecolab's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:E1CL34
20GF Score
Ecolab Inc BSP:E1CL34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ecolab 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=333.82/39.52
=8.45

* 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.

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

For example, Ecolab'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)
=45.951/333.9520*333.9520
=45.951

Current CPI (Jun. 2026) = 333.9520.

Ecolab Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.163 241.428 26.507
201612 19.829 241.432 27.428
201703 18.356 243.801 25.144
201706 19.700 244.955 26.857
201709 19.577 246.819 26.488
201712 21.593 246.524 29.251
201803 21.596 249.554 28.900
201806 25.614 251.989 33.945
201809 28.195 252.439 37.299
201812 27.006 251.233 35.898
201903 27.384 254.202 35.975
201906 27.554 256.143 35.924
201909 30.612 256.759 39.815
201912 30.902 256.974 40.159
202003 37.263 258.115 48.211
202006 26.612 257.797 34.473
202009 28.446 260.280 36.498
202012 27.761 260.474 35.592
202103 31.001 264.877 39.085
202106 29.481 271.696 36.236
202109 31.931 274.310 38.874
202112 35.598 278.802 42.640
202203 30.842 287.504 35.825
202206 31.409 296.311 35.399
202209 32.505 296.808 36.573
202212 33.353 296.797 37.528
202303 33.588 301.836 37.162
202306 32.170 305.109 35.211
202309 33.756 307.789 36.625
202312 34.522 306.746 37.584
202403 35.773 312.332 38.249
202406 39.219 314.175 41.688
202409 41.792 315.301 44.264
202412 47.139 315.605 49.879
202503 45.067 319.799 47.061
202506 45.561 322.561 47.170
202509 46.007 324.800 47.303
202512 47.254 324.054 48.697
202603 46.472 330.213 46.998
202606 45.951 333.952 45.951

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 8.45 mean?
Ecolab (BSP:E1CL34) has a Cyclically Adjusted PB Ratio of 8.45 as of Aug. 12, 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 Ecolab and its competitors. This is near median its historical median of 7.78. Over the past decade, Ecolab's Cyclically Adjusted PB Ratio has ranged from 4.63 to 9.84. According to the industry distribution chart, Ecolab ranks #1138 out of 1221 companies in the Chemicals industry, placing it in the top 93.2%.
Is Ecolab's Cyclically Adjusted PB Ratio too high?
Ecolab's current Cyclically Adjusted PB Ratio of 8.45 is near median its 10-year median of 7.78. Over the past 10 years, this metric has ranged from a low of 4.63 to a high of 9.84. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. Ecolab's value of 8.45 is 409% above this industry median. Based on the distribution chart, Ecolab ranks #1138 out of 1221 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ecolab has a GF Score™ of 20/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ecolab's Cyclically Adjusted PB Ratio compare to SHW and APD?
According to the Chemicals industry distribution chart, Ecolab ranks #1138 out of 1221 companies for Cyclically Adjusted PB Ratio. This places Ecolab in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Ecolab's value of 8.45 is 409% above this benchmark. Historically, Ecolab's own Cyclically Adjusted PB Ratio has ranged from 4.63 to 9.84 over the past decade. While the company's 10-year median is 7.78 vs. the industry median of 1.66, Ecolab 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.66, based on 1,221 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. Ecolab's current Cyclically Adjusted PB Ratio of 8.45 is 409% 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 Ecolab and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecolab's current Cyclically Adjusted PB Ratio is 8.45, which is near median its own 10-year median of 7.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecolab stock overvalued right now?
Based on GuruFocus' analysis, Ecolab (BSP:E1CL34) is currently considered Fairly Valued. The stock's GF Value™ is R$323.10, compared to a current price of R$333.82 — trading 3.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.45, which is near median its 10-year median of 7.78 and 409% above the Chemicals industry median of 1.66. Ecolab's overall GF Score™ is 20/100 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 Ecolab (BSP:E1CL34), the current Cyclically Adjusted PB Ratio is 8.45 as of Aug. 12, 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 Ecolab (BSP:E1CL34) Overvalued in 2026?

Based on GuruFocus' analysis, Ecolab stock appears to be overvalued. The current stock price of R$333.82 is trading 3.3% above its estimated GF Value™ of R$323.10. GuruFocus considers Ecolab to be Fairly Valued.

Key valuation signals for BSP:E1CL34:

  • Cyclically Adjusted PB Ratio: 8.45 (near median its 10-year median of 7.78)
  • GF Value™: R$323.10 vs. price of R$333.82 (3.3% above fair value)
  • GF Score™: 20/100 with 2 warning signs
  • Industry Position: 409% above the Chemicals median (#1138 of 1221)

No single metric tells the full story. See the BSP:E1CL34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ecolab Business Description

Address 1 Ecolab Place, Saint Paul, MN, USA, 55102
Ecolab produces and markets cleaning and sanitation products for the industrial manufacturing, data center, hospitality, healthcare, and life sciences markets. The firm is the global market share leader in this category with a wide array of products and services, including dish and laundry washing systems, pest control, and infection control products. Additionally, Ecolab sells customized water management and cooling solutions across its end markets. The company has a strong hold on the US market and is growing its presence abroad.
20GF Score

Get the complete analysis for BSP:E1CL34

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

R$333.82
Price
R$323.10
GF Value