American International Group (CHIX:AINND) Cyclically Adjusted PB Ratio: (As of Jul. 28, 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.

CHIX:AINND American International Group Inc CHIX:AINND
61 GF Score
Price €73.89
GF Value €88.49
! 3 Warning Signs
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What is American International Group Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


American International Group  (CHIX:AINNd) 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.


American International Group Cyclically Adjusted PB Ratio Related Terms


American International Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for American International 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.

American International Group Cyclically Adjusted PB Ratio Chart

American International 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 0.68 0.73 0.78 0.85 1.01

American International 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 1.01 1.00 0.92 1.01 0.88

CHIX:AINND vs HIG, ACGL, PLGO: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Diversified subindustry, American International 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.


American International Group Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, American International Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:AINND
61GF Score
American International Group Inc CHIX:AINND
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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American International 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.

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

For example, American International 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)
=63.087/330.2130*330.2130
=63.087

Current CPI (Mar. 2026) = 330.2130.

American International Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 73.938 241.018 101.301
201609 75.750 241.428 103.607
201612 72.671 241.432 99.394
201703 73.481 243.801 99.525
201706 72.639 244.955 97.921
201709 67.640 246.819 90.494
201712 61.253 246.524 82.047
201803 56.729 249.554 75.065
201806 58.768 251.989 77.011
201809 56.755 252.439 74.241
201812 57.167 251.233 75.139
201903 61.360 254.202 79.708
201906 65.166 256.143 84.010
201909 67.966 256.759 87.410
201912 67.438 256.974 86.658
202003 62.717 258.115 80.235
202006 63.653 257.797 81.533
202009 62.704 260.280 79.552
202012 62.852 260.474 79.680
202103 60.791 264.877 75.786
202106 63.685 271.696 77.401
202109 65.472 274.310 78.815
202112 70.774 278.802 83.825
202203 63.479 287.504 72.909
202206 55.616 296.311 61.979
202209 52.747 296.808 58.684
202212 52.059 296.797 57.920
202303 54.984 301.836 60.153
202306 53.988 305.109 58.430
202309 52.529 307.789 56.356
202312 59.727 306.746 64.296
202403 59.483 312.332 62.888
202406 63.536 314.175 66.779
202409 64.383 315.301 67.428
202412 66.992 315.605 70.093
202503 66.032 319.799 68.182
202506 64.280 322.561 65.805
202509 63.184 324.800 64.237
202512 63.416 324.054 64.621
202603 63.087 330.213 63.087

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 American International Group (CHIX:AINND) Overvalued in 2026?

Based on GuruFocus' analysis, American International Group stock appears to be undervalued. The current stock price of €73.89 is trading 16.5% below its estimated GF Value™ of €88.49.

Key valuation signals for CHIX:AINND:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €88.49 vs. price of €73.89 (16.5% below fair value)
  • GF Score™: 61/100 with 3 warning signs

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


American International Group Business Description

Address 1271 Avenue of the Americas, New York, NY, USA, 10020
American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a minority stake.
61GF Score

Get the complete analysis for CHIX:AINND

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

€73.89
Price
€88.49
GF Value