Elbit SystemsFRA:EB2 -3.81%82 Cyclically Adjusted PB Ratio is 12.61 as of Jul. 09, 2026, which is 150% above its 10-year median of 5.05. GuruFocus rates FRA:EB2 with a GF Score™ of 82/100 and a GF Value™ of €318.41 (Significantly Overvalued). Among 214 Aerospace & Defense companies, Elbit Systems ranks worse than 83.18% on this metric.
The historical rank and industry rank for Elbit Systems's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:EB2'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.42 Med: 5.05 Max: 15.12
Current: 12.05
During the past years, Elbit Systems's highest Cyclically Adjusted PB Ratio was 15.12. The lowest was 3.42. And the median was 5.05.
FRA:EB2's Cyclically Adjusted PB Ratio is ranked worse than 83.18% of 214
companies
in the Aerospace & Defense industry
Industry Median: 3.885
vs FRA:EB2: 12.05
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.
Elbit Systems's adjusted book value per share data for the three months ended in Mar. 2026 was €79.172. 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 €54.12 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Elbit Systems (FRA:EB2) 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.
Elbit Systems Cyclically Adjusted PB Ratio Related Terms
Elbit Systems Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Elbit Systems'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.
FRA:EB2 vs SPCX, GE, RTX: Cyclically Adjusted PB Ratio Comparison
For the Aerospace & Defense subindustry, Elbit Systems'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.
Elbit Systems Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Elbit Systems's Cyclically Adjusted PB Ratio falls into.
Elbit Systems 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.
Elbit Systems's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 12.61 mean?
Elbit Systems (FRA:EB2) has a Cyclically Adjusted PB Ratio of 12.61 as of Jul. 09, 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 Elbit Systems and its competitors. This is 150% above median its historical median of 5.05. Over the past decade, Elbit Systems' Cyclically Adjusted PB Ratio has ranged from 3.42 to 15.12. According to the industry distribution chart, Elbit Systems ranks #178 out of 214 companies in the Aerospace & Defense industry, placing it in the top 83.2%.
Is Elbit Systems' Cyclically Adjusted PB Ratio too high?
Elbit Systems' current Cyclically Adjusted PB Ratio of 12.61 is 150% above median its 10-year median of 5.05. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 15.12. The Aerospace & Defense industry median Cyclically Adjusted PB Ratio is 3.89. Elbit Systems' value of 12.61 is 224.6% above this industry median. Based on the distribution chart, Elbit Systems ranks #178 out of 214 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Elbit Systems has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elbit Systems' Cyclically Adjusted PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Elbit Systems ranks #178 out of 214 companies for Cyclically Adjusted PB Ratio. This places Elbit Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.89. Elbit Systems' value of 12.61 is 224.6% above this benchmark. Historically, Elbit Systems' own Cyclically Adjusted PB Ratio has ranged from 3.42 to 15.12 over the past decade. While the company's 10-year median is 5.05 vs. the industry median of 3.89, Elbit Systems 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 an Aerospace & Defense company?
The median Cyclically Adjusted PB Ratio among Aerospace & Defense companies is 3.89, based on 214 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. Elbit Systems's current Cyclically Adjusted PB Ratio of 12.61 is 224.6% 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 Elbit Systems and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PB Ratio is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elbit Systems's current Cyclically Adjusted PB Ratio is 12.61, which is 150% above median its own 10-year median of 5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elbit Systems stock overvalued right now?
Based on GuruFocus' analysis, Elbit Systems (FRA:EB2) is currently considered Significantly Overvalued. The stock's GF Value™ is €318.41, compared to a current price of €682.50 — trading 114.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.61, which is 150% above median its 10-year median of 5.05 and 224.6% above the Aerospace & Defense industry median of 3.89. Elbit Systems' overall GF Score™ is 82/100. 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 Elbit Systems (FRA:EB2), the current Cyclically Adjusted PB Ratio is 12.61 as of Jul. 09, 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 Elbit Systems (FRA:EB2) Overvalued in 2026?
Based on GuruFocus' analysis, Elbit Systems stock appears to be overvalued.
The current stock price of €682.50 is trading 114.3% above its estimated GF Value™ of €318.41.
GuruFocus considers Elbit Systems to be Significantly Overvalued.
Key valuation signals for FRA:EB2:
Cyclically Adjusted PB Ratio: 12.61 (150% above median its 10-year median of 5.05)
GF Value™: €318.41 vs. price of €682.50 (114.3% above fair value)
Industry Position: 224.6% above the Aerospace & Defense median (#178 of 214)
No single metric tells the full story. See the FRA:EB2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security and commercial flight capabilities. Its systems and solutions may be installed on new platforms or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company operates in five segments: Aerospace; C4I and Cyber; ISTAR and EW; Land; and ESA. It derives maximum revenue from Land Segment. Geographically, it operates in Israel; North America; Europe; Asia-Pacific; Latin America; and Others.
82GF Score
Get the complete analysis for FRA:EB2
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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