CAAP (Corporacion America Airports) Cyclically Adjusted PB Ratio: 4.39 (As of Jul. 25, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

CAAP Corporacion America Airports SA CAAP
85 GF Score
Price $25.17
GF Value $23.86
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Corporacion America Airports Cyclically Adjusted PB Ratio?

Corporacion America Airports CAAP +0.60% 85 Cyclically Adjusted PB Ratio is 4.39 as of Jul. 25, 2026, which is 0% below its 10-year median of 4.40. GuruFocus rates CAAP with a GF Score™ of 85/100 and a GF Value™ of $23.86 (Fairly Valued). The stock has 1 warning sign investors should review. Among 738 Transportation companies, Corporacion America Airports ranks worse than 88.48% on this metric.

As of today (2026-07-25), Corporacion America Airports's current share price is $25.17. Corporacion America Airports's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $5.73. Corporacion America Airports's Cyclically Adjusted PB Ratio for today is 4.39.

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

CAAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.16   Med: 4.4   Max: 4.81
Current: 4.39

During the past years, Corporacion America Airports's highest Cyclically Adjusted PB Ratio was 4.81. The lowest was 4.16. And the median was 4.40.

CAAP's Cyclically Adjusted PB Ratio is ranked worse than
88.48% of 738 companies
in the Transportation industry
Industry Median: 1.265 vs CAAP: 4.39

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.

Corporacion America Airports's adjusted book value per share data for the three months ended in Mar. 2026 was $11.058. 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 $5.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Corporacion America Airports  (NYSE:CAAP) 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.


Corporacion America Airports Cyclically Adjusted PB Ratio Related Terms


Corporacion America Airports Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Corporacion America Airports'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.

Corporacion America Airports Cyclically Adjusted PB Ratio Chart

Corporacion America Airports 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 0.00 0.00 0.00 0.00 0.00

Corporacion America Airports 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 0.00 0.00 0.00 0.00 4.41

CAAP vs ASLE, UP, ICTSF: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, Corporacion America Airports'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.


Corporacion America Airports Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


CAAP
85GF Score
Corporacion America Airports SA CAAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Corporacion America Airports 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.

Corporacion America Airports's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.17/5.73
=4.39

* 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.

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

For example, Corporacion America Airports'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)
=11.058/127.1600*127.1600
=11.058

Current CPI (Mar. 2026) = 127.1600.

Corporacion America Airports Quarterly Data

Book Value per Share CPI Adj_Book
201412 6.966 98.830 8.963
201512 2.892 99.910 3.681
201612 2.807 101.040 3.533
201703 0.000 101.780 0.000
201706 0.000 102.170 0.000
201709 3.098 102.520 3.843
201712 2.886 102.410 3.583
201803 4.123 102.900 5.095
201806 3.324 103.650 4.078
201809 4.014 104.580 4.881
201812 4.801 104.320 5.852
201903 4.886 105.140 5.909
201906 5.557 105.550 6.695
201909 4.823 105.900 5.791
201912 4.774 106.080 5.723
202003 4.584 106.040 5.497
202006 4.199 106.340 5.021
202009 3.272 106.620 3.902
202012 3.047 106.670 3.632
202103 2.798 108.140 3.290
202106 2.756 108.680 3.225
202109 2.856 109.470 3.318
202112 2.922 111.090 3.345
202203 3.051 114.780 3.380
202206 3.903 116.750 4.251
202209 4.436 117.000 4.821
202212 4.453 117.060 4.837
202303 4.747 118.910 5.076
202306 0.000 120.460 0.000
202309 5.433 121.740 5.675
202312 4.504 121.170 4.727
202403 6.814 122.590 7.068
202406 7.792 123.120 8.048
202409 8.163 123.300 8.419
202412 8.500 122.430 8.828
202503 8.925 124.210 9.137
202506 9.021 125.820 9.117
202509 8.863 126.570 8.904
202512 9.723 126.180 9.799
202603 11.058 127.160 11.058

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 4.39 mean?
Corporacion America Airports (CAAP) has a Cyclically Adjusted PB Ratio of 4.39 as of Jul. 25, 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 Corporacion America Airports and its competitors. This is near median its historical median of 4.40. Over the past decade, Corporacion America Airports' Cyclically Adjusted PB Ratio has ranged from 4.16 to 4.81. According to the industry distribution chart, Corporacion America Airports ranks #653 out of 738 companies in the Transportation industry, placing it in the top 88.5%.
Is Corporacion America Airports' Cyclically Adjusted PB Ratio too high?
Corporacion America Airports' current Cyclically Adjusted PB Ratio of 4.39 is near median its 10-year median of 4.40. Over the past 10 years, this metric has ranged from a low of 4.16 to a high of 4.81. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Corporacion America Airports' value of 4.39 is 247% above this industry median. Based on the distribution chart, Corporacion America Airports ranks #653 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Corporacion America Airports has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Corporacion America Airports' Cyclically Adjusted PB Ratio compare to ASLE and UP?
According to the Transportation industry distribution chart, Corporacion America Airports ranks #653 out of 738 companies for Cyclically Adjusted PB Ratio. This places Corporacion America Airports in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Corporacion America Airports' value of 4.39 is 247% above this benchmark. Historically, Corporacion America Airports' own Cyclically Adjusted PB Ratio has ranged from 4.16 to 4.81 over the past decade. While the company's 10-year median is 4.40 vs. the industry median of 1.27, Corporacion America Airports 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 738 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. Corporacion America Airports's current Cyclically Adjusted PB Ratio of 4.39 is 247% 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 Corporacion America Airports and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corporacion America Airports's current Cyclically Adjusted PB Ratio is 4.39, which is near median its own 10-year median of 4.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corporacion America Airports stock overvalued right now?
Based on GuruFocus' analysis, Corporacion America Airports (CAAP) is currently considered Fairly Valued. The stock's GF Value™ is $23.86, compared to a current price of $25.17 — trading 5.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.39, which is near median its 10-year median of 4.40 and 247% above the Transportation industry median of 1.27. Corporacion America Airports' overall GF Score™ is 85/100 with 1 warning sign 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 Corporacion America Airports (CAAP), the current Cyclically Adjusted PB Ratio is 4.39 as of Jul. 25, 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 Corporacion America Airports (CAAP) Overvalued in 2026?

Based on GuruFocus' analysis, Corporacion America Airports stock appears to be overvalued. The current stock price of $25.17 is trading 5.5% above its estimated GF Value™ of $23.86. GuruFocus considers Corporacion America Airports to be Fairly Valued.

Key valuation signals for CAAP:

  • Cyclically Adjusted PB Ratio: 4.39 (near median its 10-year median of 4.40)
  • GF Value™: $23.86 vs. price of $25.17 (5.5% above fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 247% above the Transportation median (#653 of 738)

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


Corporacion America Airports Business Description

Other Exchanges 8YA:Germany
Address 128, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2330
Corporacion America Airports SA acquires, develops, and operates airport concessions. Its operating segments are geographically divided into Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia. The company generates a majority of its revenue from the Argentina segment. The firm's revenue is categorized into Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.
85GF Score

Get the complete analysis for CAAP

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

$25.17
Price
$23.86
GF Value