Apollo Global Management (FRA:E59) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:E59 Apollo Global Management Inc FRA:E59
61 GF Score
Price €6.65
GF Value €6.43
Valuation Fairly Valued
! 6 Warning Signs
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What is Apollo Global Management Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Global Management  (FRA:E59) 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.


Apollo Global Management Cyclically Adjusted PB Ratio Related Terms


Apollo Global Management Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Apollo Global Management'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.

Apollo Global Management Cyclically Adjusted PB Ratio Chart

Apollo Global Management 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 7.35 6.95 10.89 17.23 11.58

Apollo Global Management 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 13.10 11.39 11.58 8.29 8.26

FRA:E59 vs KKR, STT, AMP: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Apollo Global Management'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.


Apollo Global Management Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Apollo Global Management's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:E59
61GF Score
Apollo Global Management Inc FRA:E59
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apollo Global Management 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.

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

For example, Apollo Global Management'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)
=29.55/333.9520*333.9520
=29.550

Current CPI (Jun. 2026) = 333.9520.

Apollo Global Management Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.487 241.428 4.823
201612 4.269 241.432 5.905
201703 4.548 243.801 6.230
201706 4.422 244.955 6.029
201709 4.617 246.819 6.247
201712 5.186 246.524 7.025
201803 4.026 249.554 5.388
201806 4.229 251.989 5.605
201809 4.574 252.439 6.051
201812 3.587 251.233 4.768
201903 3.372 254.202 4.430
201906 3.643 256.143 4.750
201909 4.942 256.759 6.428
201912 5.239 256.974 6.808
202003 0.010 258.115 0.013
202006 1.452 257.797 1.881
202009 1.987 260.280 2.549
202012 3.143 260.474 4.030
202103 5.002 264.877 6.306
202106 6.496 271.696 7.984
202109 7.252 274.310 8.829
202112 11.503 278.802 13.778
202203 17.501 287.504 20.328
202206 6.095 296.311 6.869
202209 -2.362 296.808 -2.658
202212 10.991 296.797 12.367
202303 13.291 301.836 14.705
202306 13.400 305.109 14.667
202309 11.631 307.789 12.620
202312 20.425 306.746 22.237
202403 21.648 312.332 23.147
202406 22.632 314.175 24.057
202409 26.219 315.301 27.770
202412 26.764 315.605 28.320
202503 26.883 319.799 28.073
202506 27.165 322.561 28.124
202509 31.912 324.800 32.811
202512 32.366 324.054 33.355
202603 27.837 330.213 28.152
202606 29.550 333.952 29.550

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 Apollo Global Management (FRA:E59) Overvalued in 2026?

Based on GuruFocus' analysis, Apollo Global Management stock appears to be overvalued. The current stock price of €6.65 is trading 3.4% above its estimated GF Value™ of €6.43. GuruFocus considers Apollo Global Management to be Fairly Valued.

Key valuation signals for FRA:E59:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €6.43 vs. price of €6.65 (3.4% above fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the FRA:E59 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apollo Global Management Business Description

Address 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
61GF Score

Get the complete analysis for FRA:E59

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

€6.65
Price
€6.43
GF Value