COR (Cencora) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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

COR Cencora Inc COR
80 GF Score
Price $308.78
GF Value $304.18
Valuation Fairly Valued
! 2 Warning Signs
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What is Cencora Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cencora  (NYSE:COR) 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.


Cencora Cyclically Adjusted PB Ratio Related Terms


Cencora Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cencora'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.

Cencora Cyclically Adjusted PB Ratio Chart

Cencora Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.45 16.30 23.63 31.98 40.36

Cencora 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 31.39 32.07 34.55 31.16 27.43

COR vs CAH, MCK, HSIC: Cyclically Adjusted PB Ratio Comparison

For the Medical Distribution subindustry, Cencora'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.


Cencora Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Cencora's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


COR
80GF Score
Cencora Inc COR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cencora 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.

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

For example, Cencora'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)
=16.974/333.9520*333.9520
=16.974

Current CPI (Jun. 2026) = 333.9520.

Cencora Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.677 241.428 13.386
201612 9.754 241.432 13.492
201703 11.586 243.801 15.870
201706 11.658 244.955 15.894
201709 9.470 246.819 12.813
201712 13.156 246.524 17.822
201803 15.307 249.554 20.484
201806 15.104 251.989 20.017
201809 14.304 252.439 18.923
201812 14.997 251.233 19.935
201903 14.457 254.202 18.993
201906 14.911 256.143 19.441
201909 14.477 256.759 18.829
201912 14.915 256.974 19.383
202003 18.220 258.115 23.573
202006 19.454 257.797 25.201
202009 -4.111 260.280 -5.275
202012 -2.499 260.474 -3.204
202103 -0.501 264.877 -0.632
202106 1.966 271.696 2.416
202109 2.808 274.310 3.419
202112 2.876 278.802 3.445
202203 4.327 287.504 5.026
202206 2.491 296.311 2.807
202209 0.346 296.808 0.389
202212 0.364 296.797 0.410
202303 2.525 301.836 2.794
202306 4.562 305.109 4.993
202309 3.318 307.789 3.600
202312 5.321 306.746 5.793
202403 6.154 312.332 6.580
202406 5.383 314.175 5.722
202409 4.036 315.301 4.275
202412 1.867 315.605 1.976
202503 6.088 319.799 6.357
202506 11.399 322.561 11.802
202509 9.008 324.800 9.262
202512 10.775 324.054 11.104
202603 18.426 330.213 18.635
202606 16.974 333.952 16.974

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 Cencora (COR) Overvalued in 2026?

Based on GuruFocus' analysis, Cencora stock appears to be overvalued. The current stock price of $308.78 is trading 1.5% above its estimated GF Value™ of $304.18. GuruFocus considers Cencora to be Fairly Valued.

Key valuation signals for COR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $304.18 vs. price of $308.78 (1.5% above fair value)
  • GF Score™: 80/100 with 2 warning signs

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


Cencora Business Description

Address 1 West First Avenue, Conshohocken, PA, USA, 19428-1800
Cencora is one of three leading domestic pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health hold over 90% share of the US pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.
80GF Score

Get the complete analysis for COR

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

$308.78
Price
$304.18
GF Value