A P Moller Maersk AS (CHIX:MAERBC) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.

CHIX:MAERBC A P Moller Maersk AS CHIX:MAERBC
17 GF Score
Price kr22,435.00
GF Value kr13,415.52
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is A P Moller Maersk AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


A P Moller Maersk AS  (CHIX:MAERBc) 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.


A P Moller Maersk AS Cyclically Adjusted PB Ratio Related Terms


A P Moller Maersk AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for A P Moller Maersk AS'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.

A P Moller Maersk AS Cyclically Adjusted PB Ratio Chart

A P Moller Maersk AS 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 1.96 1.08 0.77 0.72 0.81

A P Moller Maersk AS 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 0.72 0.74 0.85 0.92 0.86

A P Moller Maersk AS Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, A P Moller Maersk AS'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.


A P Moller Maersk AS Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, A P Moller Maersk AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where A P Moller Maersk AS's Cyclically Adjusted PB Ratio falls into.


CHIX:MAERBC
17GF Score
A P Moller Maersk AS CHIX:MAERBC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

A P Moller Maersk AS 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.

A P Moller Maersk AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, A P Moller Maersk AS'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)
=25460.479/122.9500*122.9500
=25,460.479

Current CPI (Jun. 2026) = 122.9500.

A P Moller Maersk AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 11,249.762 100.200 13,803.974
201612 10,907.969 100.300 13,371.234
201703 10,833.955 101.200 13,162.399
201706 10,168.135 101.200 12,353.480
201709 9,395.319 101.800 11,347.293
201712 9,387.611 101.300 11,393.946
201803 10,014.471 101.700 12,106.974
201806 10,316.068 102.300 12,398.441
201809 10,553.951 102.400 12,671.956
201812 10,495.711 102.100 12,639.056
201903 10,517.802 102.900 12,567.189
201906 9,208.925 102.900 11,003.278
201909 9,736.911 102.900 11,634.142
201912 9,553.286 102.900 11,414.738
202003 9,588.421 103.300 11,412.356
202006 9,712.557 103.200 11,571.307
202009 9,647.554 103.500 11,460.548
202012 9,671.635 103.400 11,500.266
202103 10,481.655 104.300 12,355.891
202106 11,579.598 105.000 13,559.158
202109 13,545.954 105.800 15,741.730
202112 15,939.324 106.600 18,384.051
202203 16,222.638 109.900 18,148.984
202206 20,402.312 113.600 22,081.552
202209 25,469.863 116.400 26,903.090
202212 25,720.339 115.900 27,284.864
202303 22,155.565 117.300 23,222.734
202306 22,852.388 116.400 24,138.326
202309 23,953.471 117.400 25,085.854
202312 23,259.000 116.700 24,504.662
202403 23,377.925 118.400 24,276.317
202406 23,432.374 118.500 24,312.324
202409 23,965.965 118.900 24,782.299
202412 26,565.992 118.900 27,470.889
202503 25,130.523 120.200 25,705.473
202506 23,817.315 120.700 24,261.300
202509 24,437.580 121.600 24,708.885
202512 24,582.732 121.180 24,941.796
202603 24,600.665 121.670 24,859.470
202606 25,460.479 122.950 25,460.479

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 A P Moller Maersk AS (CHIX:MAERBC) Overvalued in 2026?

Based on GuruFocus' analysis, A P Moller Maersk AS stock appears to be overvalued. The current stock price of kr22,435.00 is trading 67.2% above its estimated GF Value™ of kr13,415.52. GuruFocus considers A P Moller Maersk AS to be Significantly Overvalued.

Key valuation signals for CHIX:MAERBC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: kr13,415.52 vs. price of kr22,435.00 (67.2% above fair value)
  • GF Score™: 17/100 with 10 warning signs

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


A P Moller Maersk AS Business Description

Address Esplanaden 50, Copenhagen, DNK, 1263
Denmark-listed A.P. Moller-Maersk operates trade, shipping, logistics, and terminal assets globally. The oceans segment, the largest contributor to group revenue and earnings, has the second-largest oceangoing shipping capacity globally. Maersk has acquired several logistics firms in the past couple of years and plans for the segment to be the company's growth engine. Over the past few years, Maersk has divested noncore operations, including its long-standing stakes in Danske Bank and Dansk Supermarked, as well as its oil and gas operations and ocean towing.
17GF Score

Get the complete analysis for CHIX:MAERBC

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

kr22,435.00
Price
kr13,415.52
GF Value