Eastman Chemical Co (BSP:E1MN34) Cyclically Adjusted PB Ratio: 1.33 (As of Aug. 17, 2026) — 50% Below Median

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BSP:E1MN34 Eastman Chemical Co BSP:E1MN34
63 GF Score
Price R$191.76
GF Value R$216.05
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Eastman Chemical Co Cyclically Adjusted PB Ratio?

Eastman Chemical Co BSP:E1MN34 63 Cyclically Adjusted PB Ratio is 1.33 as of Aug. 17, 2026, which is 50% below its 10-year median of 2.66. GuruFocus rates BSP:E1MN34 with a GF Score™ of 63/100 and a GF Value™ of R$216.05 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,203 Chemicals companies, Eastman Chemical Co ranks better than 55.69% on this metric.

As of today (2026-08-17), Eastman Chemical Co's current share price is R$191.76. Eastman Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$144.13. Eastman Chemical Co's Cyclically Adjusted PB Ratio for today is 1.33.

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

BSP:E1MN34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 2.66   Max: 5.11
Current: 1.42

During the past years, Eastman Chemical Co's highest Cyclically Adjusted PB Ratio was 5.11. The lowest was 1.17. And the median was 2.66.

BSP:E1MN34's Cyclically Adjusted PB Ratio is ranked better than
55.69% of 1203 companies
in the Chemicals industry
Industry Median: 1.68 vs BSP:E1MN34: 1.42

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.

Eastman Chemical Co's adjusted book value per share data for the three months ended in Jun. 2026 was R$136.611. 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$144.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eastman Chemical Co  (BSP:E1MN34) 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.


Eastman Chemical Co Cyclically Adjusted PB Ratio Related Terms


Eastman Chemical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eastman Chemical Co'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.

Eastman Chemical Co Cyclically Adjusted PB Ratio Chart

Eastman Chemical Co 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 3.30 1.97 2.03 1.94 1.28

Eastman Chemical Co 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 1.52 1.27 1.28 1.49 1.28

BSP:E1MN34 vs NEU, AXTA, ESI: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Eastman Chemical Co'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.


Eastman Chemical Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


BSP:E1MN34
63GF Score
Eastman Chemical Co BSP:E1MN34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eastman Chemical Co 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.

Eastman Chemical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=191.76/144.13
=1.33

* 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.

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

For example, Eastman Chemical Co'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)
=136.611/333.9520*333.9520
=136.611

Current CPI (Jun. 2026) = 333.9520.

Eastman Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 49.224 241.428 68.088
201612 51.882 241.432 71.764
201703 49.874 243.801 68.316
201706 54.727 244.955 74.610
201709 54.735 246.819 74.058
201712 62.262 246.524 84.343
201803 63.736 249.554 85.291
201806 76.031 251.989 100.761
201809 86.875 252.439 114.927
201812 80.612 251.233 107.154
201903 80.969 254.202 106.371
201906 82.592 256.143 107.681
201909 91.188 256.759 118.603
201912 89.911 256.974 116.844
202003 109.971 258.115 142.282
202006 115.402 257.797 149.493
202009 121.080 260.280 155.352
202012 114.037 260.474 146.206
202103 128.824 264.877 162.419
202106 110.064 271.696 135.284
202109 120.155 274.310 146.280
202112 125.053 278.802 149.790
202203 113.770 287.504 132.150
202206 109.394 296.311 123.291
202209 117.641 296.808 132.363
202212 113.764 296.797 128.006
202303 113.394 301.836 125.459
202306 108.103 305.109 118.322
202309 111.515 307.789 120.994
202312 113.952 306.746 124.059
202403 117.205 312.332 125.318
202406 129.630 314.175 137.790
202409 135.062 315.301 143.051
202412 153.070 315.605 161.968
202503 146.396 319.799 152.875
202506 140.900 322.561 145.876
202509 135.662 324.800 139.485
202512 142.516 324.054 146.869
202603 137.406 330.213 138.962
202606 136.611 333.952 136.611

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 1.33 mean?
Eastman Chemical Co (BSP:E1MN34) has a Cyclically Adjusted PB Ratio of 1.33 as of Aug. 17, 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 Eastman Chemical Co and its competitors. This is 50% below median its historical median of 2.66. Over the past decade, Eastman Chemical Co's Cyclically Adjusted PB Ratio has ranged from 1.17 to 5.11. According to the industry distribution chart, Eastman Chemical Co ranks #533 out of 1203 companies in the Chemicals industry, placing it in the top 44.3%.
Is Eastman Chemical Co's Cyclically Adjusted PB Ratio too high?
Eastman Chemical Co's current Cyclically Adjusted PB Ratio of 1.33 is 50% below median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 5.11. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. Eastman Chemical Co's value of 1.33 is 20.8% below this industry median. Based on the distribution chart, Eastman Chemical Co ranks #533 out of 1203 companies in the Chemicals industry, which is above the industry midpoint. Overall, Eastman Chemical Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eastman Chemical Co's Cyclically Adjusted PB Ratio compare to NEU and AXTA?
According to the Chemicals industry distribution chart, Eastman Chemical Co ranks #533 out of 1203 companies for Cyclically Adjusted PB Ratio. This puts Eastman Chemical Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Eastman Chemical Co's value of 1.33 is 20.8% below this benchmark. Historically, Eastman Chemical Co's own Cyclically Adjusted PB Ratio has ranged from 1.17 to 5.11 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 1.68, Eastman Chemical Co 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.68, based on 1,203 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. Eastman Chemical Co's current Cyclically Adjusted PB Ratio of 1.33 is 20.8% 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 Eastman Chemical Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastman Chemical Co's current Cyclically Adjusted PB Ratio is 1.33, which is 50% below median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastman Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Eastman Chemical Co (BSP:E1MN34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$216.05, compared to a current price of R$191.76 — trading 11.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.33, which is 50% below median its 10-year median of 2.66 and 20.8% below the Chemicals industry median of 1.68. Eastman Chemical Co's overall GF Score™ is 63/100 with 9 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 Eastman Chemical Co (BSP:E1MN34), the current Cyclically Adjusted PB Ratio is 1.33 as of Aug. 17, 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 Eastman Chemical Co (BSP:E1MN34) Overvalued in 2026?

Based on GuruFocus' analysis, Eastman Chemical Co stock appears to be undervalued. The current stock price of R$191.76 is trading 11.2% below its estimated GF Value™ of R$216.05. GuruFocus considers Eastman Chemical Co to be Modestly Undervalued.

Key valuation signals for BSP:E1MN34:

  • Cyclically Adjusted PB Ratio: 1.33 (50% below median its 10-year median of 2.66)
  • GF Value™: R$216.05 vs. price of R$191.76 (11.2% below fair value)
  • GF Score™: 63/100 with 9 warning signs
  • Industry Position: 20.8% below the Chemicals median (#533 of 1203)

No single metric tells the full story. See the BSP:E1MN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eastman Chemical Co Business Description

Address 200 South Wilcox Drive, Kingsport, TN, USA, 37662
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
63GF Score

Get the complete analysis for BSP:E1MN34

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

R$191.76
Price
R$216.05
GF Value