CCLLF (CCL Industries) Cyclically Adjusted PB Ratio: 3.76 (As of Jul. 24, 2026) — 27% Below 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.

CCLLF CCL Industries Inc CCLLF
86 GF Score
Price $61.66
GF Value $56.50
! 5 Warning Signs
View Full Analysis

What is CCL Industries Cyclically Adjusted PB Ratio?

CCL Industries CCLLF -2.27% 86 Cyclically Adjusted PB Ratio is 3.76 as of Jul. 24, 2026, which is 27% below its 10-year median of 5.16. GuruFocus rates CCLLF with a GF Score™ of 86/100 and a GF Value™ of $56.50. The stock has 5 warning signs investors should review. Among 317 Packaging & Containers companies, CCL Industries ranks worse than 88.33% on this metric.

As of today (2026-07-24), CCL Industries's current share price is $61.6602. CCL Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $16.38. CCL Industries's Cyclically Adjusted PB Ratio for today is 3.76.

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

CCLLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.21   Med: 5.16   Max: 10.89
Current: 4.06

During the past years, CCL Industries's highest Cyclically Adjusted PB Ratio was 10.89. The lowest was 3.21. And the median was 5.16.

CCLLF's Cyclically Adjusted PB Ratio is ranked worse than
88.33% of 317 companies
in the Packaging & Containers industry
Industry Median: 1.17 vs CCLLF: 4.06

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.

CCL Industries's adjusted book value per share data for the three months ended in Mar. 2026 was $23.627. 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 $16.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CCL Industries  (OTCPK:CCLLF) 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.


CCL Industries Cyclically Adjusted PB Ratio Related Terms


CCL Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CCL Industries'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.

CCL Industries Cyclically Adjusted PB Ratio Chart

CCL Industries 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 5.38 4.00 3.49 3.84 3.97

CCL Industries 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 3.45 3.77 3.66 3.97 3.85

CCLLF vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, CCL Industries'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.


CCL Industries Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, CCL Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CCLLF
86GF Score
CCL Industries Inc CCLLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CCL Industries 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.

CCL Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=61.6602/16.38
=3.76

* 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.

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

For example, CCL Industries'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)
=23.627/132.2623*132.2623
=23.627

Current CPI (Mar. 2026) = 132.2623.

CCL Industries Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.252 102.002 9.403
201609 7.564 101.765 9.831
201612 7.564 101.449 9.861
201703 7.860 102.634 10.129
201706 8.299 103.029 10.654
201709 9.162 103.345 11.726
201712 9.559 103.345 12.234
201803 10.480 105.004 13.201
201806 10.365 105.557 12.987
201809 10.495 105.636 13.140
201812 11.196 105.399 14.050
201903 11.493 106.979 14.209
201906 11.602 107.690 14.249
201909 11.871 107.611 14.590
201912 12.320 107.769 15.120
202003 12.351 107.927 15.136
202006 12.656 108.401 15.442
202009 13.392 108.164 16.376
202012 14.299 108.559 17.421
202103 14.868 110.298 17.829
202106 15.843 111.720 18.756
202109 15.961 112.905 18.697
202112 16.245 113.774 18.885
202203 16.600 117.646 18.662
202206 16.871 120.806 18.471
202209 17.807 120.648 19.521
202212 17.738 120.964 19.395
202303 18.253 122.702 19.675
202306 18.950 124.203 20.180
202309 19.281 125.230 20.364
202312 19.384 125.072 20.498
202403 19.913 126.258 20.860
202406 20.588 127.522 21.353
202409 21.289 127.285 22.122
202412 20.963 127.364 21.769
202503 21.649 129.181 22.165
202506 22.566 129.892 22.978
202509 23.278 130.287 23.631
202512 23.601 130.366 23.944
202603 23.627 132.262 23.627

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 3.76 mean?
CCL Industries (CCLLF) has a Cyclically Adjusted PB Ratio of 3.76 as of Jul. 24, 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 CCL Industries and its competitors. This is 27% below median its historical median of 5.16. Over the past decade, CCL Industries' Cyclically Adjusted PB Ratio has ranged from 3.21 to 10.89. According to the industry distribution chart, CCL Industries ranks #280 out of 317 companies in the Packaging & Containers industry, placing it in the top 88.3%.
Is CCL Industries' Cyclically Adjusted PB Ratio too high?
CCL Industries' current Cyclically Adjusted PB Ratio of 3.76 is 27% below median its 10-year median of 5.16. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 10.89. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.17. CCL Industries' value of 3.76 is 221.4% above this industry median. Based on the distribution chart, CCL Industries ranks #280 out of 317 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, CCL Industries has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does CCL Industries' Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, CCL Industries ranks #280 out of 317 companies for Cyclically Adjusted PB Ratio. This places CCL Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. CCL Industries' value of 3.76 is 221.4% above this benchmark. Historically, CCL Industries' own Cyclically Adjusted PB Ratio has ranged from 3.21 to 10.89 over the past decade. While the company's 10-year median is 5.16 vs. the industry median of 1.17, CCL Industries 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.17, based on 317 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. CCL Industries's current Cyclically Adjusted PB Ratio of 3.76 is 221.4% 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 CCL Industries and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CCL Industries's current Cyclically Adjusted PB Ratio is 3.76, which is 27% below median its own 10-year median of 5.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCL Industries stock overvalued right now?
CCL Industries (CCLLF) has a current Cyclically Adjusted PB Ratio of 3.76. The stock's GF Value™ is $56.50, compared to a current price of $61.66 — trading 9.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.76, which is 27% below median its 10-year median of 5.16 and 221.4% above the Packaging & Containers industry median of 1.17. CCL Industries' overall GF Score™ is 86/100 with 5 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 CCL Industries (CCLLF), the current Cyclically Adjusted PB Ratio is 3.76 as of Jul. 24, 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 CCL Industries (CCLLF) Overvalued in 2026?

Based on GuruFocus' analysis, CCL Industries stock appears to be overvalued. The current stock price of $61.66 is trading 9.1% above its estimated GF Value™ of $56.50.

Key valuation signals for CCLLF:

  • Cyclically Adjusted PB Ratio: 3.76 (27% below median its 10-year median of 5.16)
  • GF Value™: $56.50 vs. price of $61.66 (9.1% above fair value)
  • GF Score™: 86/100 with 5 warning signs
  • Industry Position: 221.4% above the Packaging & Containers median (#280 of 317)

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


CCL Industries Business Description

Address 111 Gordon Baker Road, Suite 801, Toronto, ON, CAN, M2H 3R1
CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, and sells pressure-sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile, and Argentina; Europe; and Asia, Australia, Africa, and New Zealand.
86GF Score

Get the complete analysis for CCLLF

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

$61.66
Price
$56.50
GF Value