Atco (FRA:8A6) Cyclically Adjusted PB Ratio: 1.83 (As of Aug. 16, 2026) — 34% Above Median

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FRA:8A6 Atco Ltd FRA:8A6
79 GF Score
Price €47.40
GF Value €33.66
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Atco Cyclically Adjusted PB Ratio?

Atco FRA:8A6 +1.28% 79 Cyclically Adjusted PB Ratio is 1.83 as of Aug. 16, 2026, which is 34% above its 10-year median of 1.37. GuruFocus rates FRA:8A6 with a GF Score™ of 79/100 and a GF Value™ of €33.66 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 428 Utilities - Regulated companies, Atco ranks worse than 61.92% on this metric.

As of today (2026-08-16), Atco's current share price is €47.40. Atco's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €25.89. Atco's Cyclically Adjusted PB Ratio for today is 1.83.

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

FRA:8A6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.37   Max: 2.32
Current: 1.84

During the past years, Atco's highest Cyclically Adjusted PB Ratio was 2.32. The lowest was 0.90. And the median was 1.37.

FRA:8A6's Cyclically Adjusted PB Ratio is ranked worse than
61.92% of 428 companies
in the Utilities - Regulated industry
Industry Median: 1.525 vs FRA:8A6: 1.84

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.

Atco's adjusted book value per share data for the three months ended in Jun. 2026 was €26.136. 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 €25.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atco  (FRA:8A6) 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.


Atco Cyclically Adjusted PB Ratio Related Terms


Atco Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Atco'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.

Atco Cyclically Adjusted PB Ratio Chart

Atco 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 1.31 1.18 1.02 1.21 1.38

Atco 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 1.26 1.24 1.38 1.65 1.77

FRA:8A6 vs SRE, AES: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Diversified subindustry, Atco'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.


Atco Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:8A6
79GF Score
Atco Ltd FRA:8A6
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atco 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.

Atco's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.40/25.89
=1.83

* 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.

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

For example, Atco'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)
=26.136/133.5265*133.5265
=26.136

Current CPI (Jun. 2026) = 133.5265.

Atco Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.122 101.765 26.402
201612 21.497 101.449 28.294
201703 21.930 102.634 28.531
201706 20.937 103.029 27.135
201709 21.543 103.345 27.835
201712 20.356 103.345 26.301
201803 19.604 105.004 24.929
201806 20.281 105.557 25.655
201809 20.812 105.636 26.307
201812 21.425 105.399 27.143
201903 21.715 106.979 27.104
201906 22.213 107.690 27.542
201909 23.700 107.611 29.407
201912 23.840 107.769 29.538
202003 23.309 107.927 28.838
202006 23.080 108.401 28.429
202009 22.598 108.164 27.897
202012 22.701 108.559 27.922
202103 24.019 110.298 29.077
202106 23.965 111.720 28.643
202109 23.915 112.905 28.283
202112 24.849 113.774 29.163
202203 26.559 117.646 30.144
202206 27.662 120.806 30.575
202209 28.722 120.648 31.788
202212 26.694 120.964 29.466
202303 26.649 122.702 29.000
202306 27.204 124.203 29.246
202309 26.783 125.230 28.557
202312 26.954 125.072 28.776
202403 27.318 126.258 28.891
202406 27.245 127.522 28.528
202409 26.662 127.285 27.969
202412 27.664 127.364 29.003
202503 27.106 129.181 28.018
202506 26.665 129.892 27.411
202509 26.082 130.287 26.730
202512 24.906 130.366 25.510
202603 26.015 132.262 26.264
202606 26.136 133.527 26.136

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 1.83 mean?
Atco (FRA:8A6) has a Cyclically Adjusted PB Ratio of 1.83 as of Aug. 16, 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 Atco and its competitors. This is 34% above median its historical median of 1.37. Over the past decade, Atco's Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.32. According to the industry distribution chart, Atco ranks #265 out of 428 companies in the Utilities - Regulated industry, placing it in the top 61.9%.
Is Atco's Cyclically Adjusted PB Ratio too high?
Atco's current Cyclically Adjusted PB Ratio of 1.83 is 34% above median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.32. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Atco's value of 1.83 is 20% above this industry median. Based on the distribution chart, Atco ranks #265 out of 428 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Atco has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atco's Cyclically Adjusted PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Atco ranks #265 out of 428 companies for Cyclically Adjusted PB Ratio. This places Atco in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Atco's value of 1.83 is 20% above this benchmark. Historically, Atco's own Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.32 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 1.53, Atco 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 Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 428 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. Atco's current Cyclically Adjusted PB Ratio of 1.83 is 20% 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 Atco and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atco's current Cyclically Adjusted PB Ratio is 1.83, which is 34% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atco stock overvalued right now?
Based on GuruFocus' analysis, Atco (FRA:8A6) is currently considered Significantly Overvalued. The stock's GF Value™ is €33.66, compared to a current price of €47.40 — trading 40.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.83, which is 34% above median its 10-year median of 1.37 and 20% above the Utilities - Regulated industry median of 1.53. Atco's overall GF Score™ is 79/100 with 12 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 Atco (FRA:8A6), the current Cyclically Adjusted PB Ratio is 1.83 as of Aug. 16, 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 Atco (FRA:8A6) Overvalued in 2026?

Based on GuruFocus' analysis, Atco stock appears to be overvalued. The current stock price of €47.40 is trading 40.8% above its estimated GF Value™ of €33.66. GuruFocus considers Atco to be Significantly Overvalued.

Key valuation signals for FRA:8A6:

  • Cyclically Adjusted PB Ratio: 1.83 (34% above median its 10-year median of 1.37)
  • GF Value™: €33.66 vs. price of €47.40 (40.8% above fair value)
  • GF Score™: 79/100 with 12 warning signs
  • Industry Position: 20% above the Utilities - Regulated median (#265 of 428)

No single metric tells the full story. See the FRA:8A6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atco Business Description

Address 5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4
Atco Ltd is a Canada-based diversified company. The company's Structures & Logistics segment offers workforce and residential housing, modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defense operations services, and disaster and emergency management services. The Neltume Ports segment includes the equity interest in Neltume Ports S.A., a port operator and developer based in South America. The Retail Energy segment provides electricity and natural gas retail sales and home maintenance solutions. Its Canadian Utilities Limited segment includes ATCO Energy Systems, ATCO EnPower, and ATCO Australia. It generates maximum revenue from the ATCO Energy Systems segment and earns maximum revenue from Canada.
79GF Score

Get the complete analysis for FRA:8A6

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

€47.40
Price
€33.66
GF Value