Archer-Daniels-Midland Co (FRA:ADM) Cyclically Adjusted PB Ratio: 1.90 (As of Jul. 21, 2026) — 27% Above Median

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FRA:ADM Archer-Daniels-Midland Co FRA:ADM
74 GF Score
Price €75.12
GF Value €52.49
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Archer-Daniels-Midland Co Cyclically Adjusted PB Ratio?

Archer-Daniels-Midland Co FRA:ADM +0.75% 74 Cyclically Adjusted PB Ratio is 1.90 as of Jul. 21, 2026, which is 27% above its 10-year median of 1.50. GuruFocus rates FRA:ADM with a GF Score™ of 74/100 and a GF Value™ of €52.49 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, Archer-Daniels-Midland Co ranks worse than 63.45% on this metric.

As of today (2026-07-21), Archer-Daniels-Midland Co's current share price is €75.12. Archer-Daniels-Midland Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €39.48. Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio for today is 1.90.

The historical rank and industry rank for Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:ADM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.5   Max: 2.58
Current: 1.86

During the past years, Archer-Daniels-Midland Co's highest Cyclically Adjusted PB Ratio was 2.58. The lowest was 0.95. And the median was 1.50.

FRA:ADM's Cyclically Adjusted PB Ratio is ranked worse than
63.45% of 1442 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs FRA:ADM: 1.86

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.

Archer-Daniels-Midland Co's adjusted book value per share data for the three months ended in Mar. 2026 was €40.924. 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 €39.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Archer-Daniels-Midland Co  (FRA:ADM) 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.


Archer-Daniels-Midland Co Cyclically Adjusted PB Ratio Related Terms


Archer-Daniels-Midland Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Archer-Daniels-Midland Co'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.

Archer-Daniels-Midland Co Cyclically Adjusted PB Ratio Chart

Archer-Daniels-Midland Co 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 1.86 2.35 1.74 1.17 1.28

Archer-Daniels-Midland Co 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 1.09 1.19 1.33 1.28 1.58

FRA:ADM vs BG, TSN, CALM: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Archer-Daniels-Midland Co'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.


Archer-Daniels-Midland Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio falls into.


FRA:ADM
74GF Score
Archer-Daniels-Midland Co FRA:ADM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Archer-Daniels-Midland Co 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.

Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=75.12/39.48
=1.90

* 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.

Archer-Daniels-Midland Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Archer-Daniels-Midland Co'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)
=40.924/330.2130*330.2130
=40.924

Current CPI (Mar. 2026) = 330.2130.

Archer-Daniels-Midland Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 26.952 241.018 36.926
201609 27.035 241.428 36.977
201612 28.412 241.432 38.860
201703 28.134 243.801 38.106
201706 27.524 244.955 37.104
201709 26.371 246.819 35.281
201712 27.782 246.524 37.213
201803 27.176 249.554 35.960
201806 28.651 251.989 37.545
201809 29.057 252.439 38.009
201812 29.847 251.233 39.230
201903 29.861 254.202 38.790
201906 30.063 256.143 38.756
201909 30.783 256.759 39.589
201912 31.036 256.974 39.881
202003 30.904 258.115 39.536
202006 30.813 257.797 39.468
202009 29.504 260.280 37.431
202012 29.568 260.474 37.485
202103 31.317 264.877 39.042
202106 32.045 271.696 38.947
202109 33.405 274.310 40.213
202112 35.522 278.802 42.072
202203 38.259 287.504 43.942
202206 41.166 296.311 45.876
202209 44.147 296.808 49.116
202212 41.909 296.797 46.627
202303 42.604 301.836 46.609
202306 42.945 305.109 46.478
202309 44.184 307.789 47.403
202312 43.137 306.746 46.437
202403 42.553 312.332 44.989
202406 43.045 314.175 45.242
202409 41.407 315.301 43.365
202412 44.290 315.605 46.340
202503 42.611 319.799 43.999
202506 40.476 322.561 41.436
202509 39.888 324.800 40.553
202512 40.446 324.054 41.215
202603 40.924 330.213 40.924

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 1.90 mean?
Archer-Daniels-Midland Co (FRA:ADM) has a Cyclically Adjusted PB Ratio of 1.90 as of Jul. 21, 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 Archer-Daniels-Midland Co and its competitors. This is 27% above median its historical median of 1.50. Over the past decade, Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.58. According to the industry distribution chart, Archer-Daniels-Midland Co ranks #915 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 63.5%.
Is Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio too high?
Archer-Daniels-Midland Co's current Cyclically Adjusted PB Ratio of 1.90 is 27% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 2.58. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Archer-Daniels-Midland Co's value of 1.90 is 49.6% above this industry median. Based on the distribution chart, Archer-Daniels-Midland Co ranks #915 out of 1442 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Archer-Daniels-Midland Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Archer-Daniels-Midland Co's Cyclically Adjusted PB Ratio compare to BG and TSN?
According to the Consumer Packaged Goods industry distribution chart, Archer-Daniels-Midland Co ranks #915 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Archer-Daniels-Midland Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Archer-Daniels-Midland Co's value of 1.90 is 49.6% above this benchmark. Historically, Archer-Daniels-Midland Co's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 2.58 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.27, Archer-Daniels-Midland Co 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,442 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. Archer-Daniels-Midland Co's current Cyclically Adjusted PB Ratio of 1.90 is 49.6% 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 Archer-Daniels-Midland Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Archer-Daniels-Midland Co's current Cyclically Adjusted PB Ratio is 1.90, which is 27% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Archer-Daniels-Midland Co stock overvalued right now?
Based on GuruFocus' analysis, Archer-Daniels-Midland Co (FRA:ADM) is currently considered Significantly Overvalued. The stock's GF Value™ is €52.49, compared to a current price of €75.12 — trading 43.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.90, which is 27% above median its 10-year median of 1.50 and 49.6% above the Consumer Packaged Goods industry median of 1.27. Archer-Daniels-Midland Co's overall GF Score™ is 74/100 with 9 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 Archer-Daniels-Midland Co (FRA:ADM), the current Cyclically Adjusted PB Ratio is 1.90 as of Jul. 21, 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 Archer-Daniels-Midland Co (FRA:ADM) Overvalued in 2026?

Based on GuruFocus' analysis, Archer-Daniels-Midland Co stock appears to be overvalued. The current stock price of €75.12 is trading 43.1% above its estimated GF Value™ of €52.49. GuruFocus considers Archer-Daniels-Midland Co to be Significantly Overvalued.

Key valuation signals for FRA:ADM:

  • Cyclically Adjusted PB Ratio: 1.90 (27% above median its 10-year median of 1.50)
  • GF Value™: €52.49 vs. price of €75.12 (43.1% above fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 49.6% above the Consumer Packaged Goods median (#915 of 1442)

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


Archer-Daniels-Midland Co Business Description

Address 77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601
Archer-Daniels-Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.
74GF Score

Get the complete analysis for FRA:ADM

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

€75.12
Price
€52.49
GF Value