CAR (Avis Budget Group) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.

CAR Avis Budget Group Inc CAR
76 GF Score
Price $166.35
GF Value $131.15
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Avis Budget Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Avis Budget Group  (NAS:CAR) 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.


Avis Budget Group Cyclically Adjusted PB Ratio Related Terms


Avis Budget Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Avis Budget Group'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.

Avis Budget Group Cyclically Adjusted PB Ratio Chart

Avis Budget Group 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 43.45 59.88 135.79 0.00 0.00

Avis Budget Group 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 0.00

CAR vs GATX, WSC, EQPT: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, Avis Budget Group'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.


Avis Budget Group Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Avis Budget Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CAR
76GF Score
Avis Budget Group Inc CAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Avis Budget Group 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.

Avis Budget Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Avis Budget Group'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)
=-96.855/330.2130*330.2130
=-96.855

Current CPI (Mar. 2026) = 330.2130.

Avis Budget Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.685 241.018 5.049
201609 5.326 241.428 7.285
201612 2.570 241.432 3.515
201703 1.659 243.801 2.247
201706 1.783 244.955 2.404
201709 4.890 246.819 6.542
201712 7.074 246.524 9.475
201803 5.617 249.554 7.432
201806 4.650 251.989 6.093
201809 6.679 252.439 8.737
201812 5.447 251.233 7.159
201903 4.263 254.202 5.538
201906 4.947 256.143 6.378
201909 6.689 256.759 8.603
201912 8.865 256.974 11.392
202003 4.232 258.115 5.414
202006 -2.186 257.797 -2.800
202009 -1.086 260.280 -1.378
202012 -2.214 260.474 -2.807
202103 -4.514 264.877 -5.627
202106 1.314 271.696 1.597
202109 -3.638 274.310 -4.379
202112 -3.929 278.802 -4.654
202203 -19.840 287.504 -22.787
202206 -13.625 296.311 -15.184
202209 -11.837 296.808 -13.169
202212 -18.026 296.797 -20.056
202303 -11.100 301.836 -12.144
202306 -3.225 305.109 -3.490
202309 -0.892 307.789 -0.957
202312 -9.971 306.746 -10.734
202403 -14.306 312.332 -15.125
202406 -13.746 314.175 -14.448
202409 -6.800 315.301 -7.122
202412 -66.486 315.605 -69.563
202503 -80.148 319.799 -82.758
202506 -78.001 322.561 -79.851
202509 -68.165 324.800 -69.301
202512 -88.900 324.054 -90.590
202603 -96.855 330.213 -96.855

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 Avis Budget Group (CAR) Overvalued in 2026?

Based on GuruFocus' analysis, Avis Budget Group stock appears to be overvalued. The current stock price of $166.35 is trading 26.8% above its estimated GF Value™ of $131.15. GuruFocus considers Avis Budget Group to be Modestly Overvalued.

Key valuation signals for CAR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $131.15 vs. price of $166.35 (26.8% above fair value)
  • GF Score™: 76/100 with 9 warning signs

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


Avis Budget Group Business Description

Address 379 Interpace Parkway, Parsippany, NJ, USA, 07054
Avis Budget Group Inc is a provider of mobility solutions through its three brands Avis, Budget and Zipcar, as well as several other brands, well recognized in their respective markets. Its brands offer a range of options, from car and truck rental to car sharing. The company operates in two reportable business segments: Americas - (i) vehicle rental operations in North America, South America, Central America and the Caribbean, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which do not operate directly. International - consisting of (i) vehicle rental operations in Europe, the Middle East, Africa, Asia and Australasia, (ii) car sharing operations in certain of these markets, and (iii) licensees in the areas in which do not operate directly.
76GF Score

Get the complete analysis for CAR

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

$166.35
Price
$131.15
GF Value