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Associated British EngineeringLSE:ASBE 34 Cyclically Adjusted PB Ratio is 0.69 as of Jul. 19, 2026, which is 393% above its 10-year median of 0.14. GuruFocus rates LSE:ASBE with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 634 Capital Markets companies, Associated British Engineering ranks better than 70.66% on this metric.
The historical rank and industry rank for Associated British Engineering's Cyclically Adjusted PB Ratio or its related term are showing as below:
LSE:ASBE'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.14 Max: 0.68
Current: 0.68
During the past 13 years, Associated British Engineering's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.08. And the median was 0.14.
LSE:ASBE's Cyclically Adjusted PB Ratio is ranked better than 70.66% of 634
companies
in the Capital Markets industry
Industry Median: 1.325
vs LSE:ASBE: 0.68
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.
Associated British Engineering's adjusted book value per share data of for the fiscal year that ended in Sep25 was £0.148. 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 £0.29 for the trailing ten years ended in Sep25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Associated British Engineering (LSE:ASBE) 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.
Associated British Engineering Cyclically Adjusted PB Ratio Related Terms
Associated British Engineering Cyclically Adjusted PB Ratio Historical Data
* 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.
Associated British Engineering Cyclically Adjusted PB Ratio Chart
LSE:ASBE vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison
For the Capital Markets subindustry, Associated British Engineering'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.
Associated British Engineering Cyclically Adjusted PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Associated British Engineering's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Associated British Engineering's Cyclically Adjusted PB Ratio falls into.
Associated British Engineering 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.
* 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.
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 0.69 mean?
Associated British Engineering (LSE:ASBE) has a Cyclically Adjusted PB Ratio of 0.69 as of Jul. 19, 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 Associated British Engineering and its competitors. This is 393% above median its historical median of 0.14. Over the past decade, Associated British Engineering's Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.68. According to the industry distribution chart, Associated British Engineering ranks #186 out of 634 companies in the Capital Markets industry, placing it in the top 29.3%.
Is Associated British Engineering's Cyclically Adjusted PB Ratio too high?
Associated British Engineering's current Cyclically Adjusted PB Ratio of 0.69 is 393% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.68. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.33. Associated British Engineering's value of 0.69 is 47.9% below this industry median. Based on the distribution chart, Associated British Engineering ranks #186 out of 634 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Associated British Engineering has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Associated British Engineering's Cyclically Adjusted PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Associated British Engineering ranks #186 out of 634 companies for Cyclically Adjusted PB Ratio. This puts Associated British Engineering in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.33. Associated British Engineering's value of 0.69 is 47.9% below this benchmark. Historically, Associated British Engineering's own Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.68 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 1.33, Associated British Engineering has consistently been below 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 Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.33, based on 634 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. Associated British Engineering's current Cyclically Adjusted PB Ratio of 0.69 is 47.9% below 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 Associated British Engineering and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated British Engineering's current Cyclically Adjusted PB Ratio is 0.69, which is 393% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated British Engineering stock overvalued right now?
Associated British Engineering (LSE:ASBE) has a current Cyclically Adjusted PB Ratio of 0.69. The current Cyclically Adjusted PB Ratio is 0.69, which is 393% above median its 10-year median of 0.14 and 47.9% below the Capital Markets industry median of 1.33. Associated British Engineering's overall GF Score™ is 34/100 with 2 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 Associated British Engineering (LSE:ASBE), the current Cyclically Adjusted PB Ratio is 0.69 as of Jul. 19, 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.
Associated British Engineering Business Description
Associated British Engineering Plc is a United Kingdom-based holding company. The Company's segments include Associated British Engineering Plc and Akoris Trading Limited. Akoris Trading Limited, its subsidiary, is a commodity and natural resource trading, finance, and investment company. Its operations are located in the United Kingdom.
34GF Score
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