COLD (Americold Realty Trust) Cyclically Adjusted PB Ratio: 1.48 (As of Jul. 07, 2026) — 18% Above Median


COLD Americold Realty Trust Inc COLD
63 GF Score
Price $16.37
GF Value $21.75
Valuation Modestly Undervalued
! 13 Warning Signs
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What is Americold Realty Trust Cyclically Adjusted PB Ratio?

Americold Realty Trust COLD +1.55% 63 Cyclically Adjusted PB Ratio is 1.48 as of Jul. 07, 2026, which is 18% above its 10-year median of 1.25. GuruFocus rates COLD with a GF Scoreâ„¢ of 63/100 and a GF Valueâ„¢ of $21.75 (Modestly Undervalued). The stock has 13 warning signs investors should review. Among 561 REITs companies, Americold Realty Trust ranks worse than 80.04% on this metric.

As of today (2026-07-07), Americold Realty Trust's current share price is $16.37. Americold Realty Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $11.06. Americold Realty Trust's Cyclically Adjusted PB Ratio for today is 1.48.

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

COLD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.25   Max: 1.64
Current: 1.46

During the past years, Americold Realty Trust's highest Cyclically Adjusted PB Ratio was 1.64. The lowest was 0.98. And the median was 1.25.

COLD's Cyclically Adjusted PB Ratio is ranked worse than
80.04% of 561 companies
in the REITs industry
Industry Median: 0.82 vs COLD: 1.46

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.

Americold Realty Trust's adjusted book value per share data for the three months ended in Mar. 2026 was $9.884. 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 $11.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Americold Realty Trust  (NYSE:COLD) 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.


Americold Realty Trust Cyclically Adjusted PB Ratio Related Terms


Americold Realty Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Americold Realty Trust'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.

Americold Realty Trust Cyclically Adjusted PB Ratio Chart

Americold Realty Trust 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 1.20

Americold Realty Trust 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 0.00 1.61 1.16 1.20 1.04

COLD vs NSA, LXP, TRNO: Cyclically Adjusted PB Ratio Comparison

For the REIT - Industrial subindustry, Americold Realty Trust'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.


Americold Realty Trust Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Americold Realty Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Americold Realty Trust's Cyclically Adjusted PB Ratio falls into.


COLD
63GF Score
Americold Realty Trust Inc COLD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Americold Realty Trust 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.

Americold Realty Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.37/11.06
=1.48

* 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.

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

For example, Americold Realty Trust'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)
=9.884/330.2130*330.2130
=9.884

Current CPI (Mar. 2026) = 330.2130.

Americold Realty Trust Quarterly Data

Book Value per Share CPI Adj_Book
200912 2.770 215.949 4.236
201512 -1.577 236.525 -2.202
201612 -2.133 241.432 -2.917
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 -1.408 246.819 -1.884
201712 -1.405 246.524 -1.882
201803 4.505 249.554 5.961
201806 4.481 251.989 5.872
201809 4.944 252.439 6.467
201812 4.768 251.233 6.267
201903 4.563 254.202 5.927
201906 9.683 256.143 12.483
201909 9.588 256.759 12.331
201912 9.557 256.974 12.281
202003 10.090 258.115 12.908
202006 10.466 257.797 13.406
202009 10.354 260.280 13.136
202012 15.059 260.474 19.091
202103 14.671 264.877 18.290
202106 14.794 271.696 17.980
202109 15.028 274.310 18.091
202112 14.988 278.802 17.752
202203 14.744 287.504 16.934
202206 14.438 296.311 16.090
202209 14.141 296.808 15.733
202212 13.985 296.797 15.560
202303 13.719 301.836 15.009
202306 13.232 305.109 14.321
202309 13.861 307.789 14.871
202312 12.746 306.746 13.721
202403 12.609 312.332 13.331
202406 12.137 314.175 12.757
202409 11.855 315.301 12.416
202412 11.541 315.605 12.075
202503 11.206 319.799 11.571
202506 10.935 322.561 11.194
202509 10.648 324.800 10.825
202512 10.125 324.054 10.317
202603 9.884 330.213 9.884

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 1.48 mean?
Americold Realty Trust (COLD) has a Cyclically Adjusted PB Ratio of 1.48 as of Jul. 07, 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 Americold Realty Trust and its competitors. This is 18% above median its historical median of 1.25. Over the past decade, Americold Realty Trust's Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.64. According to the industry distribution chart, Americold Realty Trust ranks #449 out of 561 companies in the REITs industry, placing it in the top 80%.
Is Americold Realty Trust's Cyclically Adjusted PB Ratio too high?
Americold Realty Trust's current Cyclically Adjusted PB Ratio of 1.48 is 18% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.64. The REITs industry median Cyclically Adjusted PB Ratio is 0.82. Americold Realty Trust's value of 1.48 is 80.5% above this industry median. Based on the distribution chart, Americold Realty Trust ranks #449 out of 561 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Americold Realty Trust has a GF Scoreâ„¢ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Americold Realty Trust's Cyclically Adjusted PB Ratio compare to NSA and LXP?
According to the REITs industry distribution chart, Americold Realty Trust ranks #449 out of 561 companies for Cyclically Adjusted PB Ratio. This places Americold Realty Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. Americold Realty Trust's value of 1.48 is 80.5% above this benchmark. Historically, Americold Realty Trust's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.64 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 0.82, Americold Realty Trust 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.82, based on 561 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. Americold Realty Trust's current Cyclically Adjusted PB Ratio of 1.48 is 80.5% 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 Americold Realty Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Americold Realty Trust's current Cyclically Adjusted PB Ratio is 1.48, which is 18% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Americold Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Americold Realty Trust (COLD) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.75, compared to a current price of $16.37 — trading 24.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.48, which is 18% above median its 10-year median of 1.25 and 80.5% above the REITs industry median of 0.82. Americold Realty Trust's overall GF Score™ is 63/100 with 13 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 Americold Realty Trust (COLD), the current Cyclically Adjusted PB Ratio is 1.48 as of Jul. 07, 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 Americold Realty Trust (COLD) Overvalued in 2026?

Based on GuruFocus' analysis, Americold Realty Trust stock appears to be undervalued. The current stock price of $16.37 is trading 24.7% below its estimated GF Value™ of $21.75. GuruFocus considers Americold Realty Trust to be Modestly Undervalued.

Key valuation signals for COLD:

  • Cyclically Adjusted PB Ratio: 1.48 (18% above median its 10-year median of 1.25)
  • GF Value™: $21.75 vs. price of $16.37 (24.7% below fair value)
  • GF Score™: 63/100 with 13 warning signs
  • Industry Position: 80.5% above the REITs median (#449 of 561)

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


Americold Realty Trust Business Description

Industry Real EstateREITs
Address 10 Glenlake Parkway, South Tower, Suite 600, Atlanta, GA, USA, 30328
Americold Realty Trust Inc is the world's second-largest owner and operator of temperature-controlled warehouses behind privately held Lineage Logistics. The Atlanta, Georgia-based firm owns and operates approximately 231 temperature-controlled warehouses, spanning 1.4 billion cubic feet. In 2022, the firm derived more than 80% of its revenue from the United States but also has sizable operations in Europe, Canada, Australia, and New Zealand. Americold supplements its core business by providing supply management and transportation services to its various customers. It operates as a real estate investment trust.
63GF Score

Get the complete analysis for COLD

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

$16.37
Price
$21.75
GF Value