FTAI (FTAI Aviation) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

FTAI FTAI Aviation Ltd FTAI
87 GF Score
Price $192.22
GF Value $244.91
Valuation Modestly Undervalued
! 5 Warning Signs
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What is FTAI Aviation Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


FTAI Aviation  (NAS:FTAI) 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.


FTAI Aviation Cyclically Adjusted PB Ratio Related Terms


FTAI Aviation Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FTAI Aviation'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.

FTAI Aviation Cyclically Adjusted PB Ratio Chart

FTAI Aviation 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 1.80 1.30 3.45 11.37 17.91

FTAI Aviation 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 9.25 13.91 17.17 21.85 24.87

FTAI vs WWD, CW, ARXS: Cyclically Adjusted PB Ratio Comparison

For the Aerospace & Defense subindustry, FTAI Aviation'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.


FTAI Aviation Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, FTAI Aviation's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FTAI
87GF Score
FTAI Aviation Ltd FTAI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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FTAI Aviation 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.

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

For example, FTAI Aviation'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)
=3.936/333.9520*333.9520
=3.936

Current CPI (Jun. 2026) = 333.9520.

FTAI Aviation Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.646 241.428 21.642
201612 15.388 241.432 21.285
201703 15.002 243.801 20.549
201706 14.536 244.955 19.817
201709 14.226 246.819 19.248
201712 13.660 246.524 18.504
201803 13.608 249.554 18.210
201806 13.158 251.989 17.438
201809 12.832 252.439 16.975
201812 12.537 251.233 16.665
201903 11.518 254.202 15.132
201906 12.237 256.143 15.954
201909 13.022 256.759 16.937
201912 15.766 256.974 20.489
202003 15.411 258.115 19.939
202006 14.617 257.797 18.935
202009 14.025 260.280 17.995
202012 12.839 260.474 16.461
202103 13.354 264.877 16.836
202106 12.154 271.696 14.939
202109 12.298 274.310 14.972
202112 11.333 278.802 13.575
202203 7.671 287.504 8.910
202206 6.947 296.311 7.829
202209 0.261 296.808 0.294
202212 0.193 296.797 0.217
202303 0.742 301.836 0.821
202306 0.914 305.109 1.000
202309 0.947 307.789 1.027
202312 1.753 306.746 1.908
202403 1.770 312.332 1.893
202406 0.679 314.175 0.722
202409 1.154 315.301 1.222
202412 0.792 315.605 0.838
202503 0.276 319.799 0.288
202506 1.608 322.561 1.665
202509 2.461 324.800 2.530
202512 3.257 324.054 3.356
202603 4.207 330.213 4.255
202606 3.936 333.952 3.936

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 FTAI Aviation (FTAI) Overvalued in 2026?

Based on GuruFocus' analysis, FTAI Aviation stock appears to be undervalued. The current stock price of $192.22 is trading 21.5% below its estimated GF Value™ of $244.91. GuruFocus considers FTAI Aviation to be Modestly Undervalued.

Key valuation signals for FTAI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $244.91 vs. price of $192.22 (21.5% below fair value)
  • GF Score™: 87/100 with 5 warning signs

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


FTAI Aviation Business Description

Other Exchanges FTAIN.PFD:USA
Address 405 West 13th Street, 3rd Floor, New York, NY, USA, 10014
FTAI Aviation Ltd is an independent engine maintenance platform focused on the CFM56-5B, CFM56-7B, and V2500 aircraft engines, which power the 737NG and A320ceo aircraft. The company repairs and rebuilds engines in its maintenance facilities and with joint venture partners, and sells or leases engines through its proprietary Maintenance, Repair and Exchange (MRE) model under the Aerospace Products segment, which earns maximum revenue from North America and develops, repairs/refurbishes, and sells aircraft engines and aftermarket components. It also operates an Aviation Leasing segment, owning and managing a portfolio of on- and off-lease aircraft and engines, including engine transfers for rebuilding and sales.
87GF Score

Get the complete analysis for FTAI

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

$192.22
Price
$244.91
GF Value