Expeditors International of Washington (FRA:EW1) Cyclically Adjusted PB Ratio: 9.37 (As of Aug. 03, 2026) — 30% Above Median

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FRA:EW1 Expeditors International of Washington Inc FRA:EW1
79 GF Score
Price €143.40
GF Value €126.21
! 6 Warning Signs
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What is Expeditors International of Washington Cyclically Adjusted PB Ratio?

Expeditors International of Washington FRA:EW1 -2.32% 79 Cyclically Adjusted PB Ratio is 9.37 as of Aug. 03, 2026, which is 30% above its 10-year median of 7.20. GuruFocus rates FRA:EW1 with a GF Score™ of 79/100 and a GF Value™ of €126.21. The stock has 6 warning signs investors should review. Among 737 Transportation companies, Expeditors International of Washington ranks worse than 97.01% on this metric.

As of today (2026-08-03), Expeditors International of Washington's current share price is €143.40. Expeditors International of Washington's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €15.31. Expeditors International of Washington's Cyclically Adjusted PB Ratio for today is 9.37.

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

FRA:EW1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5   Med: 7.2   Max: 10.53
Current: 9.37

During the past years, Expeditors International of Washington's highest Cyclically Adjusted PB Ratio was 10.53. The lowest was 5.00. And the median was 7.20.

FRA:EW1's Cyclically Adjusted PB Ratio is ranked worse than
97.01% of 737 companies
in the Transportation industry
Industry Median: 1.27 vs FRA:EW1: 9.37

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.

Expeditors International of Washington's adjusted book value per share data for the three months ended in Mar. 2026 was €14.967. 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 €15.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Expeditors International of Washington  (FRA:EW1) 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.


Expeditors International of Washington Cyclically Adjusted PB Ratio Related Terms


Expeditors International of Washington Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Expeditors International of Washington'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.

Expeditors International of Washington Cyclically Adjusted PB Ratio Chart

Expeditors International of Washington 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 10.15 6.93 7.98 6.63 8.51

Expeditors International of Washington 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 7.08 6.64 7.04 8.51 7.99

FRA:EW1 vs FDXF, CHRW, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Expeditors International of Washington'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.


Expeditors International of Washington Cyclically Adjusted PB Ratio vs Transportation Industry

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

* The bar in red indicates where Expeditors International of Washington's Cyclically Adjusted PB Ratio falls into.


FRA:EW1
79GF Score
Expeditors International of Washington Inc FRA:EW1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Expeditors International of Washington 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.

Expeditors International of Washington's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=143.40/15.31
=9.37

* 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.

Expeditors International of Washington's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Expeditors International of Washington'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)
=14.967/330.2130*330.2130
=14.967

Current CPI (Mar. 2026) = 330.2130.

Expeditors International of Washington Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.740 241.018 11.974
201609 9.144 241.428 12.507
201612 9.723 241.432 13.298
201703 10.128 243.801 13.718
201706 9.789 244.955 13.196
201709 9.346 246.819 12.504
201712 9.543 246.524 12.783
201803 9.210 249.554 12.187
201806 9.319 251.989 12.212
201809 9.713 252.439 12.705
201812 10.178 251.233 13.378
201903 10.953 254.202 14.228
201906 10.675 256.143 13.762
201909 11.773 256.759 15.141
201912 11.647 256.974 14.966
202003 11.080 258.115 14.175
202006 11.493 257.797 14.721
202009 12.552 260.280 15.925
202012 12.914 260.474 16.372
202103 14.305 264.877 17.834
202106 15.109 271.696 18.363
202109 17.148 274.310 20.643
202112 18.495 278.802 21.905
202203 20.837 287.504 23.932
202206 20.468 296.311 22.810
202209 22.102 296.808 24.590
202212 19.025 296.797 21.167
202303 19.248 301.836 21.058
202306 16.024 305.109 17.342
202309 16.046 307.789 17.215
202312 15.236 306.746 16.402
202403 14.313 312.332 15.132
202406 14.377 314.175 15.111
202409 15.170 315.301 15.887
202412 15.384 315.605 16.096
202503 15.463 319.799 15.967
202506 14.085 322.561 14.419
202509 14.497 324.800 14.739
202512 15.026 324.054 15.312
202603 14.967 330.213 14.967

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 9.37 mean?
Expeditors International of Washington (FRA:EW1) has a Cyclically Adjusted PB Ratio of 9.37 as of Aug. 03, 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 Expeditors International of Washington and its competitors. This is 30% above median its historical median of 7.20. Over the past decade, Expeditors International of Washington's Cyclically Adjusted PB Ratio has ranged from 5.00 to 10.53. According to the industry distribution chart, Expeditors International of Washington ranks #715 out of 737 companies in the Transportation industry, placing it in the top 97%.
Is Expeditors International of Washington's Cyclically Adjusted PB Ratio too high?
Expeditors International of Washington's current Cyclically Adjusted PB Ratio of 9.37 is 30% above median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 10.53. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Expeditors International of Washington's value of 9.37 is 637.8% above this industry median. Based on the distribution chart, Expeditors International of Washington ranks #715 out of 737 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Expeditors International of Washington has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Expeditors International of Washington's Cyclically Adjusted PB Ratio compare to FDXF and CHRW?
According to the Transportation industry distribution chart, Expeditors International of Washington ranks #715 out of 737 companies for Cyclically Adjusted PB Ratio. This places Expeditors International of Washington in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Expeditors International of Washington's value of 9.37 is 637.8% above this benchmark. Historically, Expeditors International of Washington's own Cyclically Adjusted PB Ratio has ranged from 5.00 to 10.53 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 1.27, Expeditors International of Washington 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 737 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. Expeditors International of Washington's current Cyclically Adjusted PB Ratio of 9.37 is 637.8% 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 Expeditors International of Washington and its competitors. For the Transportation 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. Expeditors International of Washington's current Cyclically Adjusted PB Ratio is 9.37, which is 30% above median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expeditors International of Washington stock overvalued right now?
Expeditors International of Washington (FRA:EW1) has a current Cyclically Adjusted PB Ratio of 9.37. The stock's GF Value™ is €126.21, compared to a current price of €143.40 — trading 13.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.37, which is 30% above median its 10-year median of 7.20 and 637.8% above the Transportation industry median of 1.27. Expeditors International of Washington's overall GF Score™ is 79/100 with 6 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 Expeditors International of Washington (FRA:EW1), the current Cyclically Adjusted PB Ratio is 9.37 as of Aug. 03, 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 Expeditors International of Washington (FRA:EW1) Overvalued in 2026?

Based on GuruFocus' analysis, Expeditors International of Washington stock appears to be overvalued. The current stock price of €143.40 is trading 13.6% above its estimated GF Value™ of €126.21.

Key valuation signals for FRA:EW1:

  • Cyclically Adjusted PB Ratio: 9.37 (30% above median its 10-year median of 7.20)
  • GF Value™: €126.21 vs. price of €143.40 (13.6% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 637.8% above the Transportation median (#715 of 737)

No single metric tells the full story. See the FRA:EW1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Expeditors International of Washington Business Description

Other Exchanges EXPD:USA0IJR:UK
Address 3545 Factoria Boulevard SE, Sterling Plaza 2, 3rd Floor, Bellevue, WA, USA, 98006
Based in the US, Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2025, Expeditors derived 36% of consolidated gross revenue from airfreight, 25% from ocean freight, and 39% from customs brokerage and other services.
79GF Score

Get the complete analysis for FRA:EW1

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

€143.40
Price
€126.21
GF Value