CSV (Carriage Services) Cyclically Adjusted PB Ratio: (As of Aug. 07, 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.
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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.

CSV Carriage Services Inc CSV
73 GF Score
Price $35.87
GF Value $39.12
Valuation Fairly Valued
! 4 Warning Signs
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What is Carriage Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carriage Services  (NYSE:CSV) 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.


Carriage Services Cyclically Adjusted PB Ratio Related Terms


Carriage Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Carriage Services'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.

Carriage Services Cyclically Adjusted PB Ratio Chart

Carriage Services 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 5.40 2.18 1.92 2.96 3.02

Carriage Services 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 3.31 3.19 3.02 3.18 2.63

CSV vs MED, RGS, CLIK: Cyclically Adjusted PB Ratio Comparison

For the Personal Services subindustry, Carriage Services'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.


Carriage Services Cyclically Adjusted PB Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Carriage Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CSV
73GF Score
Carriage Services Inc CSV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Carriage Services 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.

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

For example, Carriage Services'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)
=17.635/333.9520*333.9520
=17.635

Current CPI (Jun. 2026) = 333.9520.

Carriage Services Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.473 241.428 14.487
201612 10.560 241.432 14.607
201703 11.108 243.801 15.215
201706 11.236 244.955 15.318
201709 10.894 246.819 14.740
201712 12.278 246.524 16.632
201803 12.900 249.554 17.263
201806 12.529 251.989 16.604
201809 12.611 252.439 16.683
201812 12.252 251.233 16.286
201903 12.618 254.202 16.577
201906 12.607 256.143 16.437
201909 12.318 256.759 16.021
201912 12.689 256.974 16.490
202003 12.422 258.115 16.072
202006 12.741 257.797 16.505
202009 13.038 260.280 16.728
202012 13.365 260.474 17.135
202103 13.935 264.877 17.569
202106 13.064 271.696 16.057
202109 11.558 274.310 14.071
202112 8.350 278.802 10.002
202203 8.061 287.504 9.363
202206 8.358 296.311 9.420
202209 8.409 296.808 9.461
202212 8.944 296.797 10.064
202303 9.853 301.836 10.901
202306 10.440 305.109 11.427
202309 10.765 307.789 11.680
202312 11.537 306.746 12.560
202403 11.839 312.332 12.659
202406 12.332 314.175 13.108
202409 13.015 315.301 13.785
202412 13.672 315.605 14.467
202503 14.214 319.799 14.843
202506 14.994 322.561 15.524
202509 15.375 324.800 15.808
202512 16.175 324.054 16.669
202603 16.818 330.213 17.008
202606 17.635 333.952 17.635

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 Carriage Services (CSV) Overvalued in 2026?

Based on GuruFocus' analysis, Carriage Services stock appears to be undervalued. The current stock price of $35.87 is trading 8.3% below its estimated GF Value™ of $39.12. GuruFocus considers Carriage Services to be Fairly Valued.

Key valuation signals for CSV:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $39.12 vs. price of $35.87 (8.3% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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


Carriage Services Business Description

Other Exchanges C57:Germany
Address 3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise. The company enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
73GF Score

Get the complete analysis for CSV

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

$35.87
Price
$39.12
GF Value