Amcor (HAM:4850) Cyclically Adjusted PB Ratio: 2.59 (As of Aug. 17, 2026) — 14% Below Median

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.

HAM:4850 Amcor PLC HAM:4850
71 GF Score
Price €39.20
GF Value €42.39
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Amcor Cyclically Adjusted PB Ratio?

Amcor HAM:4850 -1.01% 71 Cyclically Adjusted PB Ratio is 2.59 as of Aug. 17, 2026, which is 14% below its 10-year median of 3.00. GuruFocus rates HAM:4850 with a GF Score™ of 71/100 and a GF Value™ of €42.39 (Fairly Valued). The stock has 6 warning signs investors should review. Among 308 Packaging & Containers companies, Amcor ranks worse than 77.6% on this metric.

As of today (2026-08-17), Amcor's current share price is €39.20. Amcor's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €15.12. Amcor's Cyclically Adjusted PB Ratio for today is 2.59.

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

HAM:4850' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.14   Med: 3   Max: 4.13
Current: 2.64

During the past years, Amcor's highest Cyclically Adjusted PB Ratio was 4.13. The lowest was 2.14. And the median was 3.00.

HAM:4850's Cyclically Adjusted PB Ratio is ranked worse than
77.6% of 308 companies
in the Packaging & Containers industry
Industry Median: 1.15 vs HAM:4850: 2.64

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.

Amcor's adjusted book value per share data for the three months ended in Jun. 2026 was €22.155. 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 €15.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amcor  (HAM:4850) 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.


Amcor Cyclically Adjusted PB Ratio Related Terms


Amcor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amcor'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.

Amcor Cyclically Adjusted PB Ratio Chart

Amcor Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.74 2.96 2.86 2.75 2.49

Amcor 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 2.75 2.43 2.46 2.32 2.49

HAM:4850 vs IP, PKG, BALL: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Amcor'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.


Amcor Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Amcor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:4850
71GF Score
Amcor PLC HAM:4850
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amcor 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.20/15.12
=2.59

* 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.

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

For example, Amcor'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)
=22.155/142.3000*142.3000
=22.155

Current CPI (Jun. 2026) = 142.3000.

Amcor Quarterly Data

Book Value per Share CPI Adj_Book
201006 11.574 90.200 18.259
201106 11.144 93.500 16.960
201206 11.146 95.600 16.591
201306 10.350 98.000 15.029
201406 6.188 99.800 8.823
201506 5.538 100.100 7.873
201606 3.035 101.000 4.276
201706 3.157 103.500 4.340
201806 3.756 105.900 5.047
201812 3.765 107.100 5.002
201903 0.000 107.000 0.000
201906 15.278 107.900 20.149
201909 15.211 108.400 19.968
201912 14.991 108.500 19.661
202003 13.632 108.600 17.862
202006 13.151 108.800 17.200
202009 12.725 109.200 16.582
202012 12.645 109.400 16.448
202103 12.692 109.700 16.464
202106 12.880 111.400 16.453
202109 12.925 112.400 16.363
202112 13.076 114.700 16.222
202203 13.671 116.500 16.699
202206 12.984 120.500 15.333
202209 13.324 122.300 15.503
202212 13.845 125.300 15.723
202303 13.495 126.800 15.145
202306 12.840 129.400 14.120
202309 12.647 130.100 13.833
202312 12.587 130.500 13.725
202403 12.564 131.600 13.586
202406 12.473 133.000 13.345
202409 12.215 133.500 13.020
202412 12.501 135.100 13.167
202503 12.323 136.100 12.884
202506 22.058 138.400 22.680
202509 21.662 138.900 22.192
202512 21.514 139.900 21.883
202603 21.830 140.800 22.063
202606 22.155 142.300 22.155

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 2.59 mean?
Amcor (HAM:4850) has a Cyclically Adjusted PB Ratio of 2.59 as of Aug. 17, 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 Amcor and its competitors. This is 14% below median its historical median of 3.00. Over the past decade, Amcor's Cyclically Adjusted PB Ratio has ranged from 2.14 to 4.13. According to the industry distribution chart, Amcor ranks #239 out of 308 companies in the Packaging & Containers industry, placing it in the top 77.6%.
Is Amcor's Cyclically Adjusted PB Ratio too high?
Amcor's current Cyclically Adjusted PB Ratio of 2.59 is 14% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 4.13. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.15. Amcor's value of 2.59 is 125.2% above this industry median. Based on the distribution chart, Amcor ranks #239 out of 308 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Amcor has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Amcor's Cyclically Adjusted PB Ratio compare to IP and PKG?
According to the Packaging & Containers industry distribution chart, Amcor ranks #239 out of 308 companies for Cyclically Adjusted PB Ratio. This places Amcor in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Amcor's value of 2.59 is 125.2% above this benchmark. Historically, Amcor's own Cyclically Adjusted PB Ratio has ranged from 2.14 to 4.13 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 1.15, Amcor 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.15, based on 308 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. Amcor's current Cyclically Adjusted PB Ratio of 2.59 is 125.2% 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 Amcor and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amcor's current Cyclically Adjusted PB Ratio is 2.59, which is 14% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amcor stock overvalued right now?
Based on GuruFocus' analysis, Amcor (HAM:4850) is currently considered Fairly Valued. The stock's GF Value™ is €42.39, compared to a current price of €39.20 — trading 7.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.59, which is 14% below median its 10-year median of 3.00 and 125.2% above the Packaging & Containers industry median of 1.15. Amcor's overall GF Score™ is 71/100 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 Amcor (HAM:4850), the current Cyclically Adjusted PB Ratio is 2.59 as of Aug. 17, 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 Amcor (HAM:4850) Overvalued in 2026?

Based on GuruFocus' analysis, Amcor stock appears to be undervalued. The current stock price of €39.20 is trading 7.5% below its estimated GF Value™ of €42.39. GuruFocus considers Amcor to be Fairly Valued.

Key valuation signals for HAM:4850:

  • Cyclically Adjusted PB Ratio: 2.59 (14% below median its 10-year median of 3.00)
  • GF Value™: €42.39 vs. price of €39.20 (7.5% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 125.2% above the Packaging & Containers median (#239 of 308)

No single metric tells the full story. See the HAM:4850 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amcor Business Description

Address 83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP
Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods industry. About 90% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.
71GF Score

Get the complete analysis for HAM:4850

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

€39.20
Price
€42.39
GF Value