Cargojet (FRA:CJ8) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

FRA:CJ8 Cargojet Inc FRA:CJ8
82 GF Score
Price €50.50
GF Value €77.10
! 8 Warning Signs
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What is Cargojet Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cargojet  (FRA:CJ8) 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.


Cargojet Cyclically Adjusted PB Ratio Related Terms


Cargojet Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cargojet'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.

Cargojet Cyclically Adjusted PB Ratio Chart

Cargojet 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 12.45 6.66 5.21 3.86 2.49

Cargojet 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 3.08 2.82 2.56 2.31 2.33

FRA:CJ8 vs UPS, FDX, EXPD: Cyclically Adjusted PB Ratio Comparison

For the Airlines subindustry, Cargojet'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.


Cargojet Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Cargojet's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:CJ8
82GF Score
Cargojet Inc FRA:CJ8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cargojet 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.

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

For example, Cargojet'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)
=30.588/133.5265*133.5265
=30.588

Current CPI (Jun. 2026) = 133.5265.

Cargojet Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.721 101.765 4.882
201612 4.218 101.449 5.552
201703 4.228 102.634 5.501
201706 6.245 103.029 8.094
201709 6.949 103.345 8.978
201712 7.281 103.345 9.407
201803 6.924 105.004 8.805
201806 7.192 105.557 9.098
201809 7.521 105.636 9.507
201812 7.508 105.399 9.512
201903 7.714 106.979 9.628
201906 8.006 107.690 9.927
201909 8.611 107.611 10.685
201912 12.183 107.769 15.095
202003 11.109 107.927 13.744
202006 9.321 108.401 11.481
202009 8.145 108.164 10.055
202012 7.206 108.559 8.863
202103 23.903 110.298 28.937
202106 23.423 111.720 27.995
202109 22.736 112.905 26.889
202112 27.180 113.774 31.899
202203 25.564 117.646 29.015
202206 32.503 120.806 35.925
202209 36.008 120.648 39.852
202212 33.426 120.964 36.897
202303 33.880 122.702 36.869
202306 35.569 124.203 38.239
202309 36.108 125.230 38.500
202312 31.931 125.072 34.089
202403 32.676 126.258 34.557
202406 29.819 127.522 31.223
202409 29.784 127.285 31.245
202412 31.367 127.364 32.885
202503 32.341 129.181 33.429
202506 30.279 129.892 31.126
202509 29.817 130.287 30.558
202512 30.952 130.366 31.702
202603 30.922 132.262 31.218
202606 30.588 133.527 30.588

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 Cargojet (FRA:CJ8) Overvalued in 2026?

Based on GuruFocus' analysis, Cargojet stock appears to be undervalued. The current stock price of €50.50 is trading 34.5% below its estimated GF Value™ of €77.10.

Key valuation signals for FRA:CJ8:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €77.10 vs. price of €50.50 (34.5% below fair value)
  • GF Score™: 82/100 with 8 warning signs

No single metric tells the full story. See the FRA:CJ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cargojet Business Description

Address 2281 North Sheridan Way, Mississauga, ON, CAN, L5K 2S3
Cargojet Inc operates a domestic air cargo co-load network between several Canadian cities. The company also provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance, and Insurance basis, operating between points in Canada, the USA, South America, Europe, and Asia. In addition, it operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, the UK, and Germany, between Canada and Asia, and between Canada and Mexico.
82GF Score

Get the complete analysis for FRA:CJ8

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

€50.50
Price
€77.10
GF Value