GATX (FRA:GAX) Cyclically Adjusted PB Ratio: 2.89 (As of Jul. 26, 2026) — 27% Above Median

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FRA:GAX GATX Corp FRA:GAX
86 GF Score
Price €162.10
GF Value €174.96
Valuation Fairly Valued
! 8 Warning Signs
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What is GATX Cyclically Adjusted PB Ratio?

GATX FRA:GAX +1.00% 86 Cyclically Adjusted PB Ratio is 2.89 as of Jul. 26, 2026, which is 27% above its 10-year median of 2.27. GuruFocus rates FRA:GAX with a GF Score™ of 86/100 and a GF Value™ of €174.96 (Fairly Valued). The stock has 8 warning signs investors should review. Among 730 Business Services companies, GATX ranks worse than 72.05% on this metric.

As of today (2026-07-26), GATX's current share price is €162.10. GATX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €56.11. GATX's Cyclically Adjusted PB Ratio for today is 2.89.

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

FRA:GAX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.27   Max: 3.15
Current: 2.83

During the past years, GATX's highest Cyclically Adjusted PB Ratio was 3.15. The lowest was 1.46. And the median was 2.27.

FRA:GAX's Cyclically Adjusted PB Ratio is ranked worse than
72.05% of 730 companies
in the Business Services industry
Industry Median: 1.56 vs FRA:GAX: 2.83

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.

GATX's adjusted book value per share data for the three months ended in Mar. 2026 was €67.686. 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 €56.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GATX  (FRA:GAX) 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.


GATX Cyclically Adjusted PB Ratio Related Terms


GATX Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GATX'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.

GATX Cyclically Adjusted PB Ratio Chart

GATX 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 2.35 2.14 2.23 2.67 2.69

GATX 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 2.60 2.51 2.80 2.69 2.62

FRA:GAX vs CAR, HRI, EQPT: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, GATX'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.


GATX Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


FRA:GAX
86GF Score
GATX Corp FRA:GAX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GATX 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=162.10/56.11
=2.89

* 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.

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

For example, GATX'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)
=67.686/330.2130*330.2130
=67.686

Current CPI (Mar. 2026) = 330.2130.

GATX Quarterly Data

Book Value per Share CPI Adj_Book
201606 28.826 241.018 39.494
201609 30.627 241.428 41.890
201612 32.380 241.432 44.287
201703 33.124 243.801 44.864
201706 33.185 244.955 44.735
201709 32.206 246.819 43.088
201712 39.973 246.524 53.543
201803 39.576 249.554 52.367
201806 41.270 251.989 54.081
201809 41.893 252.439 54.800
201812 42.930 251.233 56.426
201903 44.230 254.202 57.456
201906 45.485 256.143 58.638
201909 46.215 256.759 59.436
201912 47.415 256.974 60.929
202003 47.480 258.115 60.742
202006 47.579 257.797 60.944
202009 46.816 260.280 59.395
202012 45.909 260.474 58.201
202103 46.508 264.877 57.980
202106 46.092 271.696 56.019
202109 47.334 274.310 56.980
202112 50.449 278.802 59.752
202203 52.562 287.504 60.370
202206 53.102 296.311 59.178
202209 55.679 296.808 61.946
202212 54.325 296.797 60.441
202303 55.603 301.836 60.830
202306 56.735 305.109 61.403
202309 57.427 307.789 61.611
202312 58.772 306.746 63.268
202403 60.105 312.332 63.546
202406 61.123 314.175 64.243
202409 61.776 315.301 64.698
202412 65.470 315.605 68.500
202503 66.100 319.799 68.252
202506 64.943 322.561 66.484
202509 64.926 324.800 66.008
202512 66.354 324.054 67.615
202603 67.686 330.213 67.686

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 2.89 mean?
GATX (FRA:GAX) has a Cyclically Adjusted PB Ratio of 2.89 as of Jul. 26, 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 GATX and its competitors. This is 27% above median its historical median of 2.27. Over the past decade, GATX's Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.15. According to the industry distribution chart, GATX ranks #526 out of 730 companies in the Business Services industry, placing it in the top 72.1%.
Is GATX's Cyclically Adjusted PB Ratio too high?
GATX's current Cyclically Adjusted PB Ratio of 2.89 is 27% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 3.15. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. GATX's value of 2.89 is 85.3% above this industry median. Based on the distribution chart, GATX ranks #526 out of 730 companies in the Business Services industry, which is below the industry midpoint. Overall, GATX has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GATX's Cyclically Adjusted PB Ratio compare to CAR and HRI?
According to the Business Services industry distribution chart, GATX ranks #526 out of 730 companies for Cyclically Adjusted PB Ratio. This places GATX in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. GATX's value of 2.89 is 85.3% above this benchmark. Historically, GATX's own Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.15 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 1.56, GATX 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 730 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. GATX's current Cyclically Adjusted PB Ratio of 2.89 is 85.3% 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 GATX and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GATX's current Cyclically Adjusted PB Ratio is 2.89, which is 27% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GATX stock overvalued right now?
Based on GuruFocus' analysis, GATX (FRA:GAX) is currently considered Fairly Valued. The stock's GF Value™ is €174.96, compared to a current price of €162.10 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.89, which is 27% above median its 10-year median of 2.27 and 85.3% above the Business Services industry median of 1.56. GATX's overall GF Score™ is 86/100 with 8 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 GATX (FRA:GAX), the current Cyclically Adjusted PB Ratio is 2.89 as of Jul. 26, 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 GATX (FRA:GAX) Overvalued in 2026?

Based on GuruFocus' analysis, GATX stock appears to be undervalued. The current stock price of €162.10 is trading 7.4% below its estimated GF Value™ of €174.96. GuruFocus considers GATX to be Fairly Valued.

Key valuation signals for FRA:GAX:

  • Cyclically Adjusted PB Ratio: 2.89 (27% above median its 10-year median of 2.27)
  • GF Value™: €174.96 vs. price of €162.10 (7.4% below fair value)
  • GF Score™: 86/100 with 8 warning signs
  • Industry Position: 85.3% above the Business Services median (#526 of 730)

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


GATX Business Description

Other Exchanges GATX:USA
Address 233 South Wacker Drive, Chicago, IL, USA, 60606-7147
GATX Corp leases transportation assets, including railcars, aircraft spare engines, and tank containers, to customers in North America, Europe, and India. The company's reportable business segments are: Rail North America, Rail International, Engine Leasing, and Other. The majority of its revenue is generated from the Rail North America segment, which is composed of the company's operations in the United States, Canada, and Mexico. This segment mainly provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.
86GF Score

Get the complete analysis for FRA:GAX

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

€162.10
Price
€174.96
GF Value