Alexander & Baldwin (FRA:ABU) Cyclically Adjusted PB Ratio: 1.04 (As of Jul. 27, 2026) — 28% Above Median

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FRA:ABU Alexander & Baldwin Inc FRA:ABU
71 GF Score
Price €17.80
GF Value €13.88
! 10 Warning Signs
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What is Alexander & Baldwin Cyclically Adjusted PB Ratio?

Alexander & Baldwin FRA:ABU 71 Cyclically Adjusted PB Ratio is 1.04 as of Jul. 27, 2026, which is 28% above its 10-year median of 0.81. GuruFocus rates FRA:ABU with a GF Score™ of 71/100 and a GF Value™ of €13.88. The stock has 10 warning signs investors should review.

As of today (2026-07-27), Alexander & Baldwin's current share price is €17.80. Alexander & Baldwin's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was €17.05. Alexander & Baldwin's Cyclically Adjusted PB Ratio for today is 1.04.

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

FRA:ABU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.81   Max: 1.12
Current: 1.03

During the past years, Alexander & Baldwin's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.51. And the median was 0.81.

FRA:ABU's Cyclically Adjusted PB Ratio is not ranked
in the REITs industry.
Industry Median: 0.81 vs FRA:ABU: 1.03

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.

Alexander & Baldwin's adjusted book value per share data for the three months ended in Dec. 2025 was €11.577. 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 €17.05 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alexander & Baldwin  (FRA:ABU) 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.


Alexander & Baldwin Cyclically Adjusted PB Ratio Related Terms


Alexander & Baldwin Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alexander & Baldwin'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.

Alexander & Baldwin Cyclically Adjusted PB Ratio Chart

Alexander & Baldwin 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 1.08 0.79 0.83 0.82 1.02

Alexander & Baldwin Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.82 0.80 0.84 0.87 1.02

FRA:ABU vs ALX, CBL, GTY: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Alexander & Baldwin'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.


Alexander & Baldwin Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Alexander & Baldwin's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:ABU
71GF Score
Alexander & Baldwin Inc FRA:ABU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alexander & Baldwin 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.

Alexander & Baldwin's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.80/17.05
=1.04

* 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.

Alexander & Baldwin's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Alexander & Baldwin's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=11.577/324.0540*324.0540
=11.577

Current CPI (Dec. 2025) = 324.0540.

Alexander & Baldwin Quarterly Data

Book Value per Share CPI Adj_Book
201603 22.299 238.132 30.345
201606 22.040 241.018 29.633
201609 22.013 241.428 29.547
201612 23.396 241.432 31.402
201703 23.031 243.801 30.612
201706 21.967 244.955 29.060
201709 20.796 246.819 27.304
201712 11.079 246.524 14.563
201803 14.885 249.554 19.329
201806 15.752 251.989 20.257
201809 15.983 252.439 20.517
201812 14.682 251.233 18.938
201903 14.723 254.202 18.769
201906 14.552 256.143 18.410
201909 14.134 256.759 17.838
201912 14.005 256.974 17.661
202003 13.865 258.115 17.407
202006 13.558 257.797 17.043
202009 13.027 260.280 16.219
202012 12.445 260.474 15.483
202103 12.748 264.877 15.596
202106 12.615 271.696 15.046
202109 12.813 274.310 15.137
202112 13.020 278.802 15.133
202203 13.373 287.504 15.073
202206 14.778 296.311 16.162
202209 15.694 296.808 17.135
202212 13.486 296.797 14.725
202303 13.123 301.836 14.089
202306 13.010 305.109 13.818
202309 13.290 307.789 13.992
202312 12.695 306.746 13.411
202403 12.754 312.332 13.233
202406 12.812 314.175 13.215
202409 12.382 315.301 12.726
202412 13.195 315.605 13.548
202503 12.787 319.799 12.957
202506 12.072 322.561 12.128
202509 11.845 324.800 11.818
202512 11.577 324.054 11.577

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 1.04 mean?
Alexander & Baldwin (FRA:ABU) has a Cyclically Adjusted PB Ratio of 1.04 as of Jul. 27, 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 Alexander & Baldwin and its competitors. This is 28% above median its historical median of 0.81. Over the past decade, Alexander & Baldwin's Cyclically Adjusted PB Ratio has ranged from 0.51 to 1.12.
Is Alexander & Baldwin's Cyclically Adjusted PB Ratio too high?
Alexander & Baldwin's current Cyclically Adjusted PB Ratio of 1.04 is 28% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.12. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Alexander & Baldwin's value of 1.04 is 28.4% above this industry median. Overall, Alexander & Baldwin has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Alexander & Baldwin's Cyclically Adjusted PB Ratio compare to ALX and CBL?
Alexander & Baldwin's Cyclically Adjusted PB Ratio of 1.04 can be compared against companies in the REITs industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Alexander & Baldwin's value of 1.04 is 28.4% above this benchmark. Historically, Alexander & Baldwin's own Cyclically Adjusted PB Ratio has ranged from 0.51 to 1.12 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.81, Alexander & Baldwin 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 0.81, based on 555 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. Alexander & Baldwin's current Cyclically Adjusted PB Ratio of 1.04 is 28.4% 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 Alexander & Baldwin and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander & Baldwin's current Cyclically Adjusted PB Ratio is 1.04, which is 28% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander & Baldwin stock overvalued right now?
Alexander & Baldwin (FRA:ABU) has a current Cyclically Adjusted PB Ratio of 1.04. The stock's GF Value™ is €13.88, compared to a current price of €17.80 — trading 28.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.04, which is 28% above median its 10-year median of 0.81 and 28.4% above the REITs industry median of 0.81. Alexander & Baldwin's overall GF Score™ is 71/100 with 10 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 Alexander & Baldwin (FRA:ABU), the current Cyclically Adjusted PB Ratio is 1.04 as of Jul. 27, 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 Alexander & Baldwin (FRA:ABU) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander & Baldwin stock appears to be overvalued. The current stock price of €17.80 is trading 28.2% above its estimated GF Value™ of €13.88.

Key valuation signals for FRA:ABU:

  • Cyclically Adjusted PB Ratio: 1.04 (28% above median its 10-year median of 0.81)
  • GF Value™: €13.88 vs. price of €17.80 (28.2% above fair value)
  • GF Score™: 71/100 with 10 warning signs
  • Industry Position: 28.4% above the REITs median

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


Alexander & Baldwin Business Description

Industry Real EstateREITs
Address 822 Bishop Street, Post Office Box 3440, Honolulu, HI, USA, 96801
Alexander & Baldwin Inc is a Hawaii commercial real estate company. The group owns, operates, and manages a million square feet of retail, industrial, and office space in Hawaii. It is a real estate investment trust (REIT) and the owner of grocery and drug-anchored retail centers in the state. It functions through two segments, namely Commercial Real Estate and Land Operations. The Commercial Real Estate segment owns and manages retail, industrial spaces, and also urban ground leases in Hawaii, thereby accounting for a majority of the company's revenue. The Land Operations segment actively manages the company's land and real estate-related assets and makes optimum utilization of these assets. Geographically, the activities are carried out across the United States.
71GF Score

Get the complete analysis for FRA:ABU

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

€17.80
Price
€13.88
GF Value