PACCAR (BSP:P1AC34) Cyclically Adjusted PB Ratio: 4.65 (As of Aug. 04, 2026) — 23% Above Median

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BSP:P1AC34 PACCAR Inc BSP:P1AC34
70 GF Score
Price R$336.42
GF Value R$219.16
Valuation Significantly Overvalued
! 8 Warning Signs
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What is PACCAR Cyclically Adjusted PB Ratio?

PACCAR BSP:P1AC34 70 Cyclically Adjusted PB Ratio is 4.65 as of Aug. 04, 2026, which is 23% above its 10-year median of 3.79. GuruFocus rates BSP:P1AC34 with a GF Score™ of 70/100 and a GF Value™ of R$219.16 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, PACCAR ranks worse than 89.76% on this metric.

As of today (2026-08-04), PACCAR's current share price is R$336.42. PACCAR's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$72.33. PACCAR's Cyclically Adjusted PB Ratio for today is 4.65.

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

BSP:P1AC34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.47   Med: 3.79   Max: 5.82
Current: 4.75

During the past years, PACCAR's highest Cyclically Adjusted PB Ratio was 5.82. The lowest was 2.47. And the median was 3.79.

BSP:P1AC34's Cyclically Adjusted PB Ratio is ranked worse than
89.76% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.565 vs BSP:P1AC34: 4.75

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.

PACCAR's adjusted book value per share data for the three months ended in Jun. 2026 was R$98.914. 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$72.33 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PACCAR  (BSP:P1AC34) 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.


PACCAR Cyclically Adjusted PB Ratio Related Terms


PACCAR Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PACCAR'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.

PACCAR Cyclically Adjusted PB Ratio Chart

PACCAR 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 3.44 3.43 4.59 4.42 4.22

PACCAR 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 3.82 3.85 4.22 4.28 4.32

BSP:P1AC34 vs CNH, OSK, AGCO: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, PACCAR'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.


PACCAR Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, PACCAR's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:P1AC34
70GF Score
PACCAR Inc BSP:P1AC34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PACCAR 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=336.42/72.33
=4.65

* 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.

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

For example, PACCAR'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)
=98.914/333.9520*333.9520
=98.914

Current CPI (Jun. 2026) = 333.9520.

PACCAR Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.583 241.428 29.854
201612 21.606 241.432 29.886
201703 21.008 243.801 28.776
201706 23.453 244.955 31.974
201709 23.574 246.819 31.896
201712 25.134 246.524 34.048
201803 26.618 249.554 35.620
201806 31.468 251.989 41.703
201809 35.907 252.439 47.501
201812 32.092 251.233 42.658
201903 33.643 254.202 44.198
201906 35.750 256.143 46.610
201909 39.573 256.759 51.470
201912 38.347 256.974 49.834
202003 45.406 258.115 58.747
202006 48.897 257.797 63.342
202009 52.937 260.280 67.921
202012 51.407 260.474 65.909
202103 57.987 264.877 73.109
202106 53.995 271.696 66.367
202109 57.428 274.310 69.914
202112 62.926 278.802 75.373
202203 57.936 287.504 67.296
202206 60.580 296.311 68.276
202209 64.800 296.808 72.909
202212 66.156 296.797 74.438
202303 69.184 301.836 76.545
202306 70.004 305.109 76.622
202309 75.645 307.789 82.075
202312 74.339 306.746 80.932
202403 80.161 312.332 85.710
202406 90.930 314.175 96.654
202409 98.573 315.301 104.404
202412 101.840 315.605 107.760
202503 98.839 319.799 103.213
202506 100.027 322.561 103.559
202509 98.888 324.800 101.674
202512 100.018 324.054 103.073
202603 98.156 330.213 99.267
202606 98.914 333.952 98.914

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 4.65 mean?
PACCAR (BSP:P1AC34) has a Cyclically Adjusted PB Ratio of 4.65 as of Aug. 04, 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 PACCAR and its competitors. This is 23% above median its historical median of 3.79. Over the past decade, PACCAR's Cyclically Adjusted PB Ratio has ranged from 2.47 to 5.82. According to the industry distribution chart, PACCAR ranks #149 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 89.8%.
Is PACCAR's Cyclically Adjusted PB Ratio too high?
PACCAR's current Cyclically Adjusted PB Ratio of 4.65 is 23% above median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 5.82. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.57. PACCAR's value of 4.65 is 197.1% above this industry median. Based on the distribution chart, PACCAR ranks #149 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, PACCAR has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PACCAR's Cyclically Adjusted PB Ratio compare to CNH and OSK?
According to the Farm & Heavy Construction Machinery industry distribution chart, PACCAR ranks #149 out of 166 companies for Cyclically Adjusted PB Ratio. This places PACCAR in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. PACCAR's value of 4.65 is 197.1% above this benchmark. Historically, PACCAR's own Cyclically Adjusted PB Ratio has ranged from 2.47 to 5.82 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 1.57, PACCAR 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.57, based on 166 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. PACCAR's current Cyclically Adjusted PB Ratio of 4.65 is 197.1% 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 PACCAR and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PACCAR's current Cyclically Adjusted PB Ratio is 4.65, which is 23% above median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PACCAR stock overvalued right now?
Based on GuruFocus' analysis, PACCAR (BSP:P1AC34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$219.16, compared to a current price of R$336.42 — trading 53.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.65, which is 23% above median its 10-year median of 3.79 and 197.1% above the Farm & Heavy Construction Machinery industry median of 1.57. PACCAR's overall GF Score™ is 70/100 with 8 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 PACCAR (BSP:P1AC34), the current Cyclically Adjusted PB Ratio is 4.65 as of Aug. 04, 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 PACCAR (BSP:P1AC34) Overvalued in 2026?

Based on GuruFocus' analysis, PACCAR stock appears to be overvalued. The current stock price of R$336.42 is trading 53.5% above its estimated GF Value™ of R$219.16. GuruFocus considers PACCAR to be Significantly Overvalued.

Key valuation signals for BSP:P1AC34:

  • Cyclically Adjusted PB Ratio: 4.65 (23% above median its 10-year median of 3.79)
  • GF Value™: R$219.16 vs. price of R$336.42 (53.5% above fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 197.1% above the Farm & Heavy Construction Machinery median (#149 of 166)

No single metric tells the full story. See the BSP:P1AC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PACCAR Business Description

Address 777 - 106th Avenue NE, Bellevue, WA, USA, 98004
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America. The trucks segment (74% sales) goes to market through a network of 2,200 independent dealers. Paccar maintains an internal finance subsidiary that provides retail and wholesale financing for customers and dealers (6% sales). In recent years, Paccar has aggressively expanded its parts business (20% of sales), including engines, axles, and transmissions for its own truck brands as well as independent producers. The company commands 30% of the Class 8 market share in North America and 15% of the heavy-duty market share in Europe.
70GF Score

Get the complete analysis for BSP:P1AC34

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

R$336.42
Price
R$219.16
GF Value