AptarGroup (FRA:AGT) Cyclically Adjusted PB Ratio: 3.86 (As of Aug. 10, 2026) — 14% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:AGT AptarGroup Inc FRA:AGT
84 GF Score
Price €116.20
GF Value €139.61
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is AptarGroup Cyclically Adjusted PB Ratio?

AptarGroup FRA:AGT -0.60% 84 Cyclically Adjusted PB Ratio is 3.86 as of Aug. 10, 2026, which is 14% below its 10-year median of 4.50. GuruFocus rates FRA:AGT with a GF Score™ of 84/100 and a GF Value™ of €139.61 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 520 Medical Devices & Instruments companies, AptarGroup ranks worse than 73.27% on this metric.

As of today (2026-08-10), AptarGroup's current share price is €116.20. AptarGroup's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €30.12. AptarGroup's Cyclically Adjusted PB Ratio for today is 3.86.

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

FRA:AGT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.34   Med: 4.5   Max: 6.63
Current: 3.91

During the past years, AptarGroup's highest Cyclically Adjusted PB Ratio was 6.63. The lowest was 3.34. And the median was 4.50.

FRA:AGT's Cyclically Adjusted PB Ratio is ranked worse than
73.27% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 1.865 vs FRA:AGT: 3.91

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.

AptarGroup's adjusted book value per share data for the three months ended in Jun. 2026 was €35.870. 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 €30.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AptarGroup  (FRA:AGT) 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.


AptarGroup Cyclically Adjusted PB Ratio Related Terms


AptarGroup Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AptarGroup'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.

AptarGroup Cyclically Adjusted PB Ratio Chart

AptarGroup 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 4.82 4.01 4.29 5.15 3.70

AptarGroup 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 4.89 4.10 3.70 3.72 3.62

FRA:AGT vs AVTR, RGEN, TFX: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, AptarGroup'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.


AptarGroup Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AptarGroup's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:AGT
84GF Score
AptarGroup Inc FRA:AGT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AptarGroup 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=116.20/30.12
=3.86

* 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.

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

For example, AptarGroup'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)
=35.87/333.9520*333.9520
=35.870

Current CPI (Jun. 2026) = 333.9520.

AptarGroup Quarterly Data

Book Value per Share CPI Adj_Book
201609 18.305 241.428 25.320
201612 17.921 241.432 24.789
201703 18.555 243.801 25.416
201706 18.609 244.955 25.370
201709 17.797 246.819 24.080
201712 17.936 246.524 24.297
201803 18.254 249.554 24.427
201806 18.570 251.989 24.610
201809 19.023 252.439 25.166
201812 19.880 251.233 26.426
201903 20.581 254.202 27.038
201906 21.864 256.143 28.506
201909 22.077 256.759 28.714
201912 22.174 256.974 28.816
202003 22.375 258.115 28.949
202006 22.727 257.797 29.441
202009 23.089 260.280 29.624
202012 23.400 260.474 30.001
202103 24.335 264.877 30.681
202106 25.017 271.696 30.749
202109 25.292 274.310 30.791
202112 26.610 278.802 31.874
202203 27.493 287.504 31.935
202206 27.977 296.311 31.531
202209 28.996 296.808 32.625
202212 29.738 296.797 33.461
202303 30.174 301.836 33.385
202306 30.594 305.109 33.486
202309 31.325 307.789 33.988
202312 32.100 306.746 34.947
202403 32.643 312.332 34.903
202406 33.579 314.175 35.693
202409 34.401 315.301 36.436
202412 35.499 315.605 37.563
202503 35.510 319.799 37.082
202506 35.578 322.561 36.834
202509 35.983 324.800 36.997
202512 35.484 324.054 36.568
202603 35.595 330.213 35.998
202606 35.870 333.952 35.870

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 3.86 mean?
AptarGroup (FRA:AGT) has a Cyclically Adjusted PB Ratio of 3.86 as of Aug. 10, 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 AptarGroup and its competitors. This is 14% below median its historical median of 4.50. Over the past decade, AptarGroup's Cyclically Adjusted PB Ratio has ranged from 3.34 to 6.63. According to the industry distribution chart, AptarGroup ranks #381 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 73.3%.
Is AptarGroup's Cyclically Adjusted PB Ratio too high?
AptarGroup's current Cyclically Adjusted PB Ratio of 3.86 is 14% below median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 6.63. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.87. AptarGroup's value of 3.86 is 107% above this industry median. Based on the distribution chart, AptarGroup ranks #381 out of 520 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, AptarGroup has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AptarGroup's Cyclically Adjusted PB Ratio compare to AVTR and RGEN?
According to the Medical Devices & Instruments industry distribution chart, AptarGroup ranks #381 out of 520 companies for Cyclically Adjusted PB Ratio. This places AptarGroup in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.87. AptarGroup's value of 3.86 is 107% above this benchmark. Historically, AptarGroup's own Cyclically Adjusted PB Ratio has ranged from 3.34 to 6.63 over the past decade. While the company's 10-year median is 4.50 vs. the industry median of 1.87, AptarGroup 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.87, based on 520 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. AptarGroup's current Cyclically Adjusted PB Ratio of 3.86 is 107% 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 AptarGroup and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AptarGroup's current Cyclically Adjusted PB Ratio is 3.86, which is 14% below median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AptarGroup stock overvalued right now?
Based on GuruFocus' analysis, AptarGroup (FRA:AGT) is currently considered Modestly Undervalued. The stock's GF Value™ is €139.61, compared to a current price of €116.20 — trading 16.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.86, which is 14% below median its 10-year median of 4.50 and 107% above the Medical Devices & Instruments industry median of 1.87. AptarGroup's overall GF Score™ is 84/100 with 2 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 AptarGroup (FRA:AGT), the current Cyclically Adjusted PB Ratio is 3.86 as of Aug. 10, 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 AptarGroup (FRA:AGT) Overvalued in 2026?

Based on GuruFocus' analysis, AptarGroup stock appears to be undervalued. The current stock price of €116.20 is trading 16.8% below its estimated GF Value™ of €139.61. GuruFocus considers AptarGroup to be Modestly Undervalued.

Key valuation signals for FRA:AGT:

  • Cyclically Adjusted PB Ratio: 3.86 (14% below median its 10-year median of 4.50)
  • GF Value™: €139.61 vs. price of €116.20 (16.8% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 107% above the Medical Devices & Instruments median (#381 of 520)

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


AptarGroup Business Description

Other Exchanges ATR:USAAGT:Germany
Address 265 Exchange Drive, Suite 301, Crystal Lake, IL, USA, 60014
Headquartered in Crystal Lake, Illinois, AptarGroup is a leading global supplier of dispensing systems such as aerosol valves, pumps, closures, and elastomer packaging components to the consumer goods and pharmaceutical markets. Its sales are primarily from Europe (49% of sales) and the United States (28%), with China contributing 5% and other countries contributing 17%. It operates three business segments, Pharma, Beauty, and Closures. Pharma generates over two thirds of group profits.
84GF Score

Get the complete analysis for FRA:AGT

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

€116.20
Price
€139.61
GF Value