CBIZ (FRA:XC4) Cyclically Adjusted PB Ratio: 2.75 (As of Sep. 15, 2026) — 13% Below Median

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FRA:XC4 CBIZ Inc FRA:XC4
72 GF Score
Price €46.20
GF Value €77.27
Valuation Significantly Undervalued
! 10 Warning Signs
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What is CBIZ Cyclically Adjusted PB Ratio?

CBIZ FRA:XC4 -0.86% 72 Cyclically Adjusted PB Ratio is 2.75 as of Sep. 15, 2026, which is 13% below its 10-year median of 3.17. GuruFocus rates FRA:XC4 with a GF Score™ of 72/100 and a GF Value™ of €77.27 (Significantly Undervalued). The stock has 10 warning signs investors should review. Among 688 Business Services companies, CBIZ ranks worse than 73.4% on this metric.

As of today (2026-09-15), CBIZ's current share price is €46.20. CBIZ's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €16.78. CBIZ's Cyclically Adjusted PB Ratio for today is 2.75.

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

FRA:XC4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47   Med: 3.17   Max: 6.13
Current: 2.84

During the past years, CBIZ's highest Cyclically Adjusted PB Ratio was 6.13. The lowest was 1.47. And the median was 3.17.

FRA:XC4's Cyclically Adjusted PB Ratio is ranked worse than
73.4% of 688 companies
in the Business Services industry
Industry Median: 1.53 vs FRA:XC4: 2.84

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.

CBIZ's adjusted book value per share data for the three months ended in Jun. 2026 was €30.269. 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 €16.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CBIZ  (FRA:XC4) 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.


CBIZ Cyclically Adjusted PB Ratio Related Terms


CBIZ Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CBIZ'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.

CBIZ Cyclically Adjusted PB Ratio Chart

CBIZ 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 3.77 4.14 4.83 5.39 2.66

CBIZ 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 4.19 2.96 2.83 1.43 1.63

FRA:XC4 vs MMS, ABM, FA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, CBIZ'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.


CBIZ Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


FRA:XC4
72GF Score
CBIZ Inc FRA:XC4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CBIZ 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.20/16.78
=2.75

* 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.

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

For example, CBIZ'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)
=30.269/333.9520*333.9520
=30.269

Current CPI (Jun. 2026) = 333.9520.

CBIZ Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.886 241.428 10.908
201612 8.421 241.432 11.648
201703 8.731 243.801 11.959
201706 8.335 244.955 11.363
201709 8.184 246.819 11.073
201712 8.098 246.524 10.970
201803 8.458 249.554 11.318
201806 9.099 251.989 12.059
201809 9.339 252.439 12.355
201812 9.430 251.233 12.535
201903 10.114 254.202 13.287
201906 10.182 256.143 13.275
201909 10.964 256.759 14.260
201912 10.597 256.974 13.771
202003 11.223 258.115 14.520
202006 11.325 257.797 14.670
202009 11.191 260.280 14.359
202012 10.615 260.474 13.609
202103 11.593 264.877 14.616
202106 11.394 271.696 14.005
202109 11.887 274.310 14.472
202112 11.906 278.802 14.261
202203 13.059 287.504 15.169
202206 14.172 296.311 15.972
202209 15.439 296.808 17.371
202212 13.322 296.797 14.990
202303 14.122 301.836 15.625
202306 14.277 305.109 15.627
202309 15.338 307.789 16.642
202312 14.386 306.746 15.662
202403 16.021 312.332 17.130
202406 16.581 314.175 17.625
202409 16.566 315.301 17.546
202412 34.244 315.605 36.235
202503 32.771 319.799 34.221
202506 29.832 322.561 30.885
202509 29.444 324.800 30.274
202512 27.590 324.054 28.433
202603 30.276 330.213 30.619
202606 30.269 333.952 30.269

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 2.75 mean?
CBIZ (FRA:XC4) has a Cyclically Adjusted PB Ratio of 2.75 as of Sep. 15, 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 CBIZ and its competitors. This is 13% below median its historical median of 3.17. Over the past decade, CBIZ's Cyclically Adjusted PB Ratio has ranged from 1.47 to 6.13. According to the industry distribution chart, CBIZ ranks #505 out of 688 companies in the Business Services industry, placing it in the top 73.4%.
Is CBIZ's Cyclically Adjusted PB Ratio too high?
CBIZ's current Cyclically Adjusted PB Ratio of 2.75 is 13% below median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 6.13. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. CBIZ's value of 2.75 is 79.7% above this industry median. Based on the distribution chart, CBIZ ranks #505 out of 688 companies in the Business Services industry, which is below the industry midpoint. Overall, CBIZ has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CBIZ's Cyclically Adjusted PB Ratio compare to MMS and ABM?
According to the Business Services industry distribution chart, CBIZ ranks #505 out of 688 companies for Cyclically Adjusted PB Ratio. This places CBIZ in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. CBIZ's value of 2.75 is 79.7% above this benchmark. Historically, CBIZ's own Cyclically Adjusted PB Ratio has ranged from 1.47 to 6.13 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 1.53, CBIZ 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 1.53, based on 688 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. CBIZ's current Cyclically Adjusted PB Ratio of 2.75 is 79.7% 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 CBIZ and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CBIZ's current Cyclically Adjusted PB Ratio is 2.75, which is 13% below median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CBIZ stock overvalued right now?
Based on GuruFocus' analysis, CBIZ (FRA:XC4) is currently considered Significantly Undervalued. The stock's GF Value™ is €77.27, compared to a current price of €46.20 — trading 40.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.75, which is 13% below median its 10-year median of 3.17 and 79.7% above the Business Services industry median of 1.53. CBIZ's overall GF Score™ is 72/100 with 10 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 CBIZ (FRA:XC4), the current Cyclically Adjusted PB Ratio is 2.75 as of Sep. 15, 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 CBIZ (FRA:XC4) Overvalued in 2026?

Based on GuruFocus' analysis, CBIZ stock appears to be undervalued. The current stock price of €46.20 is trading 40.2% below its estimated GF Value™ of €77.27. GuruFocus considers CBIZ to be Significantly Undervalued.

Key valuation signals for FRA:XC4:

  • Cyclically Adjusted PB Ratio: 2.75 (13% below median its 10-year median of 3.17)
  • GF Value™: €77.27 vs. price of €46.20 (40.2% below fair value)
  • GF Score™: 72/100 with 10 warning signs
  • Industry Position: 79.7% above the Business Services median (#505 of 688)

No single metric tells the full story. See the FRA:XC4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CBIZ Business Description

Other Exchanges CBZ:USA0HQI:UKXC4:Germany
Address 5959 Rockside Woods boulevard North, Suite 600, Independence, OH, USA, 44131
CBIZ Inc through its subsidiaries provides professional services advisors to middle-market businesses and organizations nationwide. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Banking & Financial Services, Commercial Real Estate, Construction, Health Care Manufacturing & Distribution NFP & Education, Private Client Services, Professional Services, Public Sector, and Technology & Life Sciences. It derives the maximum of its revenues from the Financial Services segment and geographically from the United States.
72GF Score

Get the complete analysis for FRA:XC4

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

€46.20
Price
€77.27
GF Value