GATX (GATX) Cyclically Adjusted PB Ratio: 2.77 (As of Jul. 23, 2026) — 22% Above Median

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GATX GATX Corp GATX
87 GF Score
Price $180.34
GF Value $198.91
Valuation Fairly Valued
! 7 Warning Signs
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What is GATX Cyclically Adjusted PB Ratio?

GATX GATX +0.72% 87 Cyclically Adjusted PB Ratio is 2.77 as of Jul. 23, 2026, which is 22% above its 10-year median of 2.27. GuruFocus rates GATX with a GF Score™ of 87/100 and a GF Value™ of $198.91 (Fairly Valued). The stock has 7 warning signs investors should review. Among 729 Business Services companies, GATX ranks worse than 71.33% on this metric.

As of today (2026-07-23), GATX's current share price is $180.34. GATX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $65.17. GATX's Cyclically Adjusted PB Ratio for today is 2.77.

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

GATX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.27   Max: 3.15
Current: 2.77

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.

GATX's Cyclically Adjusted PB Ratio is ranked worse than
71.33% of 729 companies
in the Business Services industry
Industry Median: 1.56 vs GATX: 2.77

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 $78.250. 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 $65.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GATX  (NYSE:GATX) 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

GATX vs CAR, WSC, 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.


GATX
87GF Score
GATX Corp GATX
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
=180.34/65.17
=2.77

* 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)
=78.25/330.2130*330.2130
=78.250

Current CPI (Mar. 2026) = 330.2130.

GATX Quarterly Data

Book Value per Share CPI Adj_Book
201606 32.389 241.018 44.375
201609 34.373 241.428 47.014
201612 34.156 241.432 46.716
201703 35.427 243.801 47.984
201706 37.287 244.955 50.265
201709 38.386 246.819 51.356
201712 47.306 246.524 63.365
201803 48.798 249.554 64.570
201806 48.212 251.989 63.178
201809 48.883 252.439 63.943
201812 48.839 251.233 64.192
201903 49.978 254.202 64.922
201906 51.395 256.143 66.257
201909 50.897 256.759 65.458
201912 52.683 256.974 67.698
202003 52.464 258.115 67.119
202006 53.580 257.797 68.631
202009 55.143 260.280 69.959
202012 55.851 260.474 70.804
202103 55.367 264.877 69.024
202106 55.532 271.696 67.492
202109 55.687 274.310 67.036
202112 57.004 278.802 67.516
202203 57.888 287.504 66.487
202206 56.133 296.311 62.555
202209 55.128 296.808 61.333
202212 57.548 296.797 64.027
202303 59.533 301.836 65.130
202306 61.468 305.109 66.526
202309 61.288 307.789 65.753
202312 64.091 306.746 68.994
202403 65.332 312.332 69.072
202406 65.794 314.175 69.153
202409 68.564 315.301 71.807
202412 68.555 315.605 71.728
202503 71.460 319.799 73.787
202506 74.905 322.561 76.682
202509 76.204 324.800 77.474
202512 77.698 324.054 79.175
202603 78.250 330.213 78.250

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 2.77 mean?
GATX (GATX) has a Cyclically Adjusted PB Ratio of 2.77 as of Jul. 23, 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 22% 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 #520 out of 729 companies in the Business Services industry, placing it in the top 71.3%.
Is GATX's Cyclically Adjusted PB Ratio too high?
GATX's current Cyclically Adjusted PB Ratio of 2.77 is 22% 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 2.77 is 77.6% above this industry median. Based on the distribution chart, GATX ranks #520 out of 729 companies in the Business Services industry, which is below the industry midpoint. Overall, GATX has a GF Score™ of 87/100 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 WSC?
According to the Business Services industry distribution chart, GATX ranks #520 out of 729 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 2.77 is 77.6% 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 729 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 2.77 is 77.6% 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 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 2.77, which is 22% 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 (GATX) is currently considered Fairly Valued. The stock's GF Value™ is $198.91, compared to a current price of $180.34 — trading 9.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.77, which is 22% above median its 10-year median of 2.27 and 77.6% above the Business Services industry median of 1.56. GATX's overall GF Score™ is 87/100 with 7 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 (GATX), the current Cyclically Adjusted PB Ratio is 2.77 as of Jul. 23, 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 (GATX) Overvalued in 2026?

Based on GuruFocus' analysis, GATX stock appears to be undervalued. The current stock price of $180.34 is trading 9.3% below its estimated GF Value™ of $198.91. GuruFocus considers GATX to be Fairly Valued.

Key valuation signals for GATX:

  • Cyclically Adjusted PB Ratio: 2.77 (22% above median its 10-year median of 2.27)
  • GF Value™: $198.91 vs. price of $180.34 (9.3% below fair value)
  • GF Score™: 87/100 with 7 warning signs
  • Industry Position: 77.6% above the Business Services median (#520 of 729)

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


GATX Business Description

Other Exchanges GAX:Germany
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.
87GF Score

Get the complete analysis for GATX

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

$180.34
Price
$198.91
GF Value