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Atlas Copco ABCHIX:ATCOAS +1.52%89 Cyclically Adjusted PB Ratio is 12.09 as of Jul. 25, 2026, which is 15% above its 10-year median of 10.53. GuruFocus rates CHIX:ATCOAS with a GF Score™ of 89/100 and a GF Value™ of kr170.91 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,280 Industrial Products companies, Atlas Copco AB ranks worse than 93.77% on this metric.
The historical rank and industry rank for Atlas Copco AB's Cyclically Adjusted PB Ratio or its related term are showing as below:
CHIX:ATCOAs'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.12 Med: 10.53 Max: 15.19
Current: 12.16
During the past years, Atlas Copco AB's highest Cyclically Adjusted PB Ratio was 15.19. The lowest was 6.12. And the median was 10.53.
CHIX:ATCOAs's Cyclically Adjusted PB Ratio is ranked worse than 93.77% of 2280
companies
in the Industrial Products industry
Industry Median: 2.12
vs CHIX:ATCOAs: 12.16
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.
Atlas Copco AB's adjusted book value per share data for the three months ended in Jun. 2026 was kr21.791. 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 kr16.81 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Atlas Copco AB (CHIX:ATCOAs) 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.
Atlas Copco AB Cyclically Adjusted PB Ratio Related Terms
Atlas Copco AB Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Atlas Copco AB'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.
CHIX:ATCOAS vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison
For the Specialty Industrial Machinery subindustry, Atlas Copco AB'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.
Atlas Copco AB Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Atlas Copco AB's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Atlas Copco AB's Cyclically Adjusted PB Ratio falls into.
Atlas Copco AB 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.
Atlas Copco AB's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 12.09 mean?
Atlas Copco AB (CHIX:ATCOAS) has a Cyclically Adjusted PB Ratio of 12.09 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 Atlas Copco AB and its competitors. This is 15% above median its historical median of 10.53. Over the past decade, Atlas Copco AB's Cyclically Adjusted PB Ratio has ranged from 6.12 to 15.19. According to the industry distribution chart, Atlas Copco AB ranks #2138 out of 2280 companies in the Industrial Products industry, placing it in the top 93.8%.
Is Atlas Copco AB's Cyclically Adjusted PB Ratio too high?
Atlas Copco AB's current Cyclically Adjusted PB Ratio of 12.09 is 15% above median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 15.19. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Atlas Copco AB's value of 12.09 is 470.3% above this industry median. Based on the distribution chart, Atlas Copco AB ranks #2138 out of 2280 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Atlas Copco AB has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atlas Copco AB's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Atlas Copco AB ranks #2138 out of 2280 companies for Cyclically Adjusted PB Ratio. This places Atlas Copco AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Atlas Copco AB's value of 12.09 is 470.3% above this benchmark. Historically, Atlas Copco AB's own Cyclically Adjusted PB Ratio has ranged from 6.12 to 15.19 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 2.12, Atlas Copco AB 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,280 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. Atlas Copco AB's current Cyclically Adjusted PB Ratio of 12.09 is 470.3% 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 Atlas Copco AB and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlas Copco AB's current Cyclically Adjusted PB Ratio is 12.09, which is 15% above median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Copco AB stock overvalued right now?
Based on GuruFocus' analysis, Atlas Copco AB (CHIX:ATCOAS) is currently considered Modestly Overvalued. The stock's GF Value™ is kr170.91, compared to a current price of kr203.30 — trading 19% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.09, which is 15% above median its 10-year median of 10.53 and 470.3% above the Industrial Products industry median of 2.12. Atlas Copco AB's overall GF Score™ is 89/100 with 6 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 Atlas Copco AB (CHIX:ATCOAS), the current Cyclically Adjusted PB Ratio is 12.09 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 Atlas Copco AB (CHIX:ATCOAS) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Copco AB stock appears to be overvalued.
The current stock price of kr203.30 is trading 19% above its estimated GF Value™ of kr170.91.
GuruFocus considers Atlas Copco AB to be Modestly Overvalued.
Key valuation signals for CHIX:ATCOAS:
Cyclically Adjusted PB Ratio: 12.09 (15% above median its 10-year median of 10.53)
GF Value™: kr170.91 vs. price of kr203.30 (19% above fair value)
Industry Position: 470.3% above the Industrial Products median (#2138 of 2280)
No single metric tells the full story. See the CHIX:ATCOAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Copco is a 140-year-old Swedish company that pioneered air compression technology and remains a leading air compressor manufacturer. Atlas Copco is also a leading manufacturer of vacuum pump equipment, industrial power tools, and portable power and air compression equipment. The company's operations match the geographic breadth of its customers, with a presence in 180 countries. Atlas Copco's revenue is derived from three sources: initial equipment sales, spare parts, and maintenance.
89GF Score
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