Pitney Bowes (BUE:PBI) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

BUE:PBI Pitney Bowes Inc BUE:PBI
31 GF Score
Price ARS26,300.00
GF Value ARS14,813.55
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Pitney Bowes Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pitney Bowes  (BUE:PBI) 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.


Pitney Bowes Cyclically Adjusted PB Ratio Related Terms


Pitney Bowes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pitney Bowes'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.

Pitney Bowes Cyclically Adjusted PB Ratio Chart

Pitney Bowes 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 10.38 5.91 8.12 46.67 0.00

Pitney Bowes 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 0.00 0.00 0.00 0.00 0.00

BUE:PBI vs HUBG, CYRX, FWRD: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Pitney Bowes'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.


Pitney Bowes Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Pitney Bowes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BUE:PBI
31GF Score
Pitney Bowes Inc BUE:PBI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pitney Bowes 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.

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

For example, Pitney Bowes'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)
=-28322.844/333.9520*333.9520
=-28,322.844

Current CPI (Jun. 2026) = 333.9520.

Pitney Bowes Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.329 241.428 43.335
201612 -26.675 241.432 -36.897
201703 -11.622 243.801 -15.920
201706 7.673 244.955 10.461
201709 28.284 246.819 38.269
201712 57.750 246.524 78.231
201803 69.274 249.554 92.702
201806 78.124 251.989 103.535
201809 147.849 252.439 195.590
201812 61.143 251.233 81.274
201903 55.232 254.202 72.560
201906 41.535 256.143 54.152
201909 25.057 256.759 32.590
201912 300.989 256.974 391.152
202003 31.974 258.115 41.368
202006 53.356 257.797 69.118
202009 102.503 260.280 131.516
202012 100.255 260.474 128.536
202103 29.807 264.877 37.580
202106 87.037 271.696 106.981
202109 81.791 274.310 99.574
202112 195.294 278.802 233.925
202203 172.533 287.504 200.407
202206 91.823 296.311 103.487
202209 -19.828 296.808 -22.309
202212 175.288 296.797 197.232
202303 202.352 301.836 223.883
202306 -309.193 305.109 -338.422
202309 -744.894 307.789 -808.212
202312 -2,263.279 306.746 -2,464.014
202403 -5,581.600 312.332 -5,967.965
202406 -6,417.582 314.175 -6,821.562
202409 -8,158.987 315.301 -8,641.616
202412 -9,608.522 315.605 -10,167.092
202503 -9,390.055 319.799 -9,805.621
202506 -10,911.662 322.561 -11,296.999
202509 -16,544.693 324.800 -17,010.878
202512 -23,183.372 324.054 -23,891.492
202603 -27,078.578 330.213 -27,385.189
202606 -28,322.844 333.952 -28,322.844

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 Pitney Bowes (BUE:PBI) Overvalued in 2026?

Based on GuruFocus' analysis, Pitney Bowes stock appears to be overvalued. The current stock price of ARS26,300.00 is trading 77.5% above its estimated GF Value™ of ARS14,813.55. GuruFocus considers Pitney Bowes to be Significantly Overvalued.

Key valuation signals for BUE:PBI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ARS14,813.55 vs. price of ARS26,300.00 (77.5% above fair value)
  • GF Score™: 31/100 with 3 warning signs

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


Pitney Bowes Business Description

Other Exchanges PBI:USAPBW:Germany
Address 27 Waterview Drive, Shelton, CT, USA, 06484
Pitney Bowes Inc is a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the globe. The company's reportable segments are SendTech Solutions and Presort Services. SendTech Solutions includes the revenue and related expenses from physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. Presort Services includes the revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail and Marketing Mail Flats/Bound Printed Matter for postal work sharing discounts. It derives maximum revenue from SendTech Solutions.
31GF Score

Get the complete analysis for BUE:PBI

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

ARS26,300.00
Price
ARS14,813.55
GF Value