Canadian Pacific Kansas City (HAM:X88) Cyclically Adjusted PB Ratio: 4.15 (As of Aug. 08, 2026) — 39% Below Median

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HAM:X88 Canadian Pacific Kansas City Ltd HAM:X88
82 GF Score
Price €75.90
GF Value €77.25
! 8 Warning Signs
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What is Canadian Pacific Kansas City Cyclically Adjusted PB Ratio?

Canadian Pacific Kansas City HAM:X88 -2.69% 82 Cyclically Adjusted PB Ratio is 4.15 as of Aug. 08, 2026, which is 39% below its 10-year median of 6.84. GuruFocus rates HAM:X88 with a GF Score™ of 82/100 and a GF Value™ of €77.25. The stock has 8 warning signs investors should review. Among 734 Transportation companies, Canadian Pacific Kansas City ranks worse than 88.69% on this metric.

As of today (2026-08-08), Canadian Pacific Kansas City's current share price is €75.90. Canadian Pacific Kansas City's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €18.27. Canadian Pacific Kansas City's Cyclically Adjusted PB Ratio for today is 4.15.

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

HAM:X88' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.75   Med: 6.84   Max: 11.64
Current: 4.3

During the past years, Canadian Pacific Kansas City's highest Cyclically Adjusted PB Ratio was 11.64. The lowest was 3.75. And the median was 6.84.

HAM:X88's Cyclically Adjusted PB Ratio is ranked worse than
88.69% of 734 companies
in the Transportation industry
Industry Median: 1.27 vs HAM:X88: 4.30

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.

Canadian Pacific Kansas City's adjusted book value per share data for the three months ended in Jun. 2026 was €32.696. 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 €18.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Pacific Kansas City  (HAM:X88) 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.


Canadian Pacific Kansas City Cyclically Adjusted PB Ratio Related Terms


Canadian Pacific Kansas City Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Canadian Pacific Kansas City'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.

Canadian Pacific Kansas City Cyclically Adjusted PB Ratio Chart

Canadian Pacific Kansas City 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 9.25 7.38 5.94 4.79 3.80

Canadian Pacific Kansas City 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 4.45 4.07 3.80 3.90 4.18

HAM:X88 vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Canadian Pacific Kansas City'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.


Canadian Pacific Kansas City Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Canadian Pacific Kansas City's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Canadian Pacific Kansas City's Cyclically Adjusted PB Ratio falls into.


HAM:X88
82GF Score
Canadian Pacific Kansas City Ltd HAM:X88
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Pacific Kansas City 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.

Canadian Pacific Kansas City's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=75.90/18.27
=4.15

* 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.

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

For example, Canadian Pacific Kansas City'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)
=32.696/133.5265*133.5265
=32.696

Current CPI (Jun. 2026) = 133.5265.

Canadian Pacific Kansas City Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.340 101.765 5.695
201612 4.496 101.449 5.918
201703 4.797 102.634 6.241
201706 4.887 103.029 6.334
201709 5.245 103.345 6.777
201712 5.880 103.345 7.597
201803 5.615 105.004 7.140
201806 6.018 105.557 7.613
201809 6.574 105.636 8.310
201812 6.180 105.399 7.829
201903 6.452 106.979 8.053
201906 6.853 107.690 8.497
201909 7.197 107.611 8.930
201912 7.053 107.769 8.739
202003 6.650 107.927 8.227
202006 7.219 108.401 8.892
202009 7.233 108.164 8.929
202012 7.047 108.559 8.668
202103 7.887 110.298 9.548
202106 9.132 111.720 10.914
202109 9.523 112.905 11.262
202112 25.158 113.774 29.526
202203 26.212 117.646 29.750
202206 28.137 120.806 31.100
202209 30.784 120.648 34.070
202212 29.040 120.964 32.056
202303 28.980 122.702 31.537
202306 29.894 124.203 32.138
202309 30.704 125.230 32.738
202312 30.426 125.072 32.483
202403 31.208 126.258 33.005
202406 31.871 127.522 33.372
202409 31.460 127.285 33.003
202412 34.390 127.364 36.054
202503 33.412 129.181 34.536
202506 31.930 129.892 32.823
202509 31.233 130.287 32.010
202512 31.641 130.366 32.408
202603 32.811 132.262 33.125
202606 32.696 133.527 32.696

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 4.15 mean?
Canadian Pacific Kansas City (HAM:X88) has a Cyclically Adjusted PB Ratio of 4.15 as of Aug. 08, 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 Canadian Pacific Kansas City and its competitors. This is 39% below median its historical median of 6.84. Over the past decade, Canadian Pacific Kansas City's Cyclically Adjusted PB Ratio has ranged from 3.75 to 11.64. According to the industry distribution chart, Canadian Pacific Kansas City ranks #651 out of 734 companies in the Transportation industry, placing it in the top 88.7%.
Is Canadian Pacific Kansas City's Cyclically Adjusted PB Ratio too high?
Canadian Pacific Kansas City's current Cyclically Adjusted PB Ratio of 4.15 is 39% below median its 10-year median of 6.84. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 11.64. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Canadian Pacific Kansas City's value of 4.15 is 226.8% above this industry median. Based on the distribution chart, Canadian Pacific Kansas City ranks #651 out of 734 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Canadian Pacific Kansas City has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Canadian Pacific Kansas City's Cyclically Adjusted PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Canadian Pacific Kansas City ranks #651 out of 734 companies for Cyclically Adjusted PB Ratio. This places Canadian Pacific Kansas City in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Canadian Pacific Kansas City's value of 4.15 is 226.8% above this benchmark. Historically, Canadian Pacific Kansas City's own Cyclically Adjusted PB Ratio has ranged from 3.75 to 11.64 over the past decade. While the company's 10-year median is 6.84 vs. the industry median of 1.27, Canadian Pacific Kansas City 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 734 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. Canadian Pacific Kansas City's current Cyclically Adjusted PB Ratio of 4.15 is 226.8% 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 Canadian Pacific Kansas City and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Pacific Kansas City's current Cyclically Adjusted PB Ratio is 4.15, which is 39% below median its own 10-year median of 6.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Pacific Kansas City stock overvalued right now?
Canadian Pacific Kansas City (HAM:X88) has a current Cyclically Adjusted PB Ratio of 4.15. The stock's GF Value™ is €77.25, compared to a current price of €75.90 — trading 1.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.15, which is 39% below median its 10-year median of 6.84 and 226.8% above the Transportation industry median of 1.27. Canadian Pacific Kansas City's overall GF Score™ is 82/100 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 Canadian Pacific Kansas City (HAM:X88), the current Cyclically Adjusted PB Ratio is 4.15 as of Aug. 08, 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 Canadian Pacific Kansas City (HAM:X88) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Pacific Kansas City stock appears to be undervalued. The current stock price of €75.90 is trading 1.7% below its estimated GF Value™ of €77.25.

Key valuation signals for HAM:X88:

  • Cyclically Adjusted PB Ratio: 4.15 (39% below median its 10-year median of 6.84)
  • GF Value™: €77.25 vs. price of €75.90 (1.7% below fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 226.8% above the Transportation median (#651 of 734)

No single metric tells the full story. See the HAM:X88 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canadian Pacific Kansas City Business Description

Address 7550 Ogden Dale Road SE, Calgary, AB, CAN, T2C 4X9
Canadian Pacific Kansas City is a Class I railroad operating on tracks that span most of Canada and into parts of the Midwestern and Northeastern United States. Following the April 2023 Kansas City Southern merger, CPKC operates new single-linehaul services from Canada and the Upper Midwest down through Texas, the Gulf of Mexico, and into Mexico. It also hauls cross-border and intra-Mexico freight via operating concessions on more than 3,000 miles of rail in Mexico. CPKC hauls shipments of grain, intermodal containers, energy products (like crude and frac sand), chemicals, plastics, coal, fertilizer and potash, automotive products, and a diverse mix of other merchandise.
82GF Score

Get the complete analysis for HAM:X88

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

€75.90
Price
€77.25
GF Value