CCO (Clear Channel Outdoor Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

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

CCO Clear Channel Outdoor Holdings Inc CCO
67 GF Score
Price $2.32
GF Value $1.94
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Clear Channel Outdoor Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Clear Channel Outdoor Holdings  (NYSE:CCO) 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.


Clear Channel Outdoor Holdings Cyclically Adjusted PB Ratio Related Terms


Clear Channel Outdoor Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings Cyclically Adjusted PB Ratio Chart

Clear Channel Outdoor Holdings 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

Clear Channel Outdoor Holdings 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

CCO vs CRTO, EEX, EVC: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, Clear Channel Outdoor Holdings'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.


Clear Channel Outdoor Holdings Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Clear Channel Outdoor Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Clear Channel Outdoor Holdings's Cyclically Adjusted PB Ratio falls into.


CCO
67GF Score
Clear Channel Outdoor Holdings Inc CCO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Clear Channel Outdoor Holdings 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.

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

For example, Clear Channel Outdoor Holdings'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)
=-6.804/333.9520*333.9520
=-6.804

Current CPI (Jun. 2026) = 333.9520.

Clear Channel Outdoor Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 -3.252 241.428 -4.498
201612 -2.983 241.432 -4.126
201703 -3.807 243.801 -5.215
201706 -3.773 244.955 -5.144
201709 -3.947 246.819 -5.340
201712 -5.536 246.524 -7.499
201803 -5.911 249.554 -7.910
201806 -6.128 251.989 -8.121
201809 -6.276 252.439 -8.303
201812 -6.190 251.233 -8.228
201903 -6.595 254.202 -8.664
201906 -6.451 256.143 -8.411
201909 -4.817 256.759 -6.265
201912 -4.735 256.974 -6.153
202003 -5.365 258.115 -6.941
202006 -5.605 257.797 -7.261
202009 -5.886 260.280 -7.552
202012 -5.977 260.474 -7.663
202103 -6.712 264.877 -8.462
202106 -6.928 271.696 -8.515
202109 -7.006 274.310 -8.529
202112 -6.807 278.802 -8.153
202203 -6.971 287.504 -8.097
202206 -7.043 296.311 -7.938
202209 -7.111 296.808 -8.001
202212 -6.877 296.797 -7.738
202303 -6.951 301.836 -7.691
202306 -7.074 305.109 -7.743
202309 -7.606 307.789 -8.253
202312 -7.169 306.746 -7.805
202403 -7.358 312.332 -7.867
202406 -7.366 314.175 -7.830
202409 -7.381 315.301 -7.818
202412 -7.464 315.605 -7.898
202503 -6.993 319.799 -7.302
202506 -6.865 322.561 -7.107
202509 -6.972 324.800 -7.168
202512 -6.847 324.054 -7.056
202603 -6.922 330.213 -7.000
202606 -6.804 333.952 -6.804

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 Clear Channel Outdoor Holdings (CCO) Overvalued in 2026?

Based on GuruFocus' analysis, Clear Channel Outdoor Holdings stock appears to be overvalued. The current stock price of $2.32 is trading 19.6% above its estimated GF Value™ of $1.94. GuruFocus considers Clear Channel Outdoor Holdings to be Modestly Overvalued.

Key valuation signals for CCO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $1.94 vs. price of $2.32 (19.6% above fair value)
  • GF Score™: 67/100 with 7 warning signs

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


Clear Channel Outdoor Holdings Business Description

Address 4830 North Loop 1604 West, Suite 111, San Antonio, TX, USA, 78249
Clear Channel Outdoor Holdings Inc is a provider of out-of-home advertising solutions. The company offers advertisers an opportunity to reach mass audiences across various high-traffic public spaces, by using its diverse portfolio of assets including roadside billboards, street furniture, and airport displays. Its reportable segments are; America (U.S. operations excluding airports), Airports (U.S. and Caribbean airport operations), and Other. A majority of its revenue is generated from the America segment which generates revenue from the sale of advertising on printed and digital out-of-home advertising displays such as bulletins, posters, street furniture, and others. Geographically, the company generates maximum revenue from the United States followed by Singapore.
67GF Score

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

$2.32
Price
$1.94
GF Value