Altus Group (MEX:AIFN) Cyclically Adjusted PB Ratio: 3.42 (As of Aug. 11, 2026) — 20% Below Median

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MEX:AIFN Altus Group Ltd MEX:AIFN
70 GF Score
Price MXN709.91
GF Value MXN769.15
! 5 Warning Signs
View Full Analysis

What is Altus Group Cyclically Adjusted PB Ratio?

Altus Group MEX:AIFN 70 Cyclically Adjusted PB Ratio is 3.42 as of Aug. 11, 2026, which is 20% below its 10-year median of 4.25. GuruFocus rates MEX:AIFN with a GF Score™ of 70/100 and a GF Value™ of MXN769.15. The stock has 5 warning signs investors should review. Among 1,412 Real Estate companies, Altus Group ranks worse than 93.56% on this metric.

As of today (2026-08-11), Altus Group's current share price is MXN709.91. Altus Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN207.65. Altus Group's Cyclically Adjusted PB Ratio for today is 3.42.

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

MEX:AIFN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.34   Med: 4.25   Max: 7.66
Current: 3.81

During the past years, Altus Group's highest Cyclically Adjusted PB Ratio was 7.66. The lowest was 2.34. And the median was 4.25.

MEX:AIFN's Cyclically Adjusted PB Ratio is ranked worse than
93.56% of 1412 companies
in the Real Estate industry
Industry Median: 0.69 vs MEX:AIFN: 3.81

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.

Altus Group's adjusted book value per share data for the three months ended in Jun. 2026 was MXN111.468. 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 MXN207.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Altus Group  (MEX:AIFN) 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.


Altus Group Cyclically Adjusted PB Ratio Related Terms


Altus Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Altus Group'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.

Altus Group Cyclically Adjusted PB Ratio Chart

Altus Group 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 7.39 5.04 3.62 4.60 4.37

Altus Group 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 4.12 4.57 4.37 3.64 3.42

MEX:AIFN vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Altus Group'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.


Altus Group Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Altus Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:AIFN
70GF Score
Altus Group Ltd MEX:AIFN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Altus Group 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.

Altus Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=709.91/207.65
=3.42

* 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.

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

For example, Altus Group'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)
=111.468/133.5265*133.5265
=111.468

Current CPI (Jun. 2026) = 133.5265.

Altus Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 131.865 101.765 173.022
201612 141.592 101.449 186.363
201703 126.059 102.634 164.003
201706 148.781 103.029 192.822
201709 159.930 103.345 206.638
201712 164.836 103.345 212.976
201803 140.576 105.004 178.761
201806 143.679 105.557 181.750
201809 132.956 105.636 168.060
201812 133.990 105.399 169.747
201903 128.518 106.979 160.410
201906 129.476 107.690 160.539
201909 135.660 107.611 168.330
201912 129.328 107.769 160.238
202003 157.059 107.927 194.312
202006 158.260 108.401 194.941
202009 160.063 108.164 197.594
202012 147.292 108.559 181.167
202103 151.558 110.298 183.476
202106 161.170 111.720 192.629
202109 163.664 112.905 193.557
202112 210.699 113.774 247.279
202203 197.209 117.646 223.830
202206 194.573 120.806 215.061
202209 195.244 120.648 216.085
202212 191.861 120.964 211.787
202303 175.808 122.702 191.317
202306 172.862 124.203 185.838
202309 169.675 125.230 180.915
202312 167.729 125.072 179.066
202403 163.507 126.258 172.920
202406 179.453 127.522 187.903
202409 195.413 127.285 204.996
202412 196.398 127.364 205.901
202503 278.210 129.181 287.569
202506 259.875 129.892 267.147
202509 254.627 130.287 260.958
202512 138.563 130.366 141.922
202603 132.978 132.262 134.249
202606 111.468 133.527 111.468

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 3.42 mean?
Altus Group (MEX:AIFN) has a Cyclically Adjusted PB Ratio of 3.42 as of Aug. 11, 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 Altus Group and its competitors. This is 20% below median its historical median of 4.25. Over the past decade, Altus Group's Cyclically Adjusted PB Ratio has ranged from 2.34 to 7.66. According to the industry distribution chart, Altus Group ranks #1321 out of 1412 companies in the Real Estate industry, placing it in the top 93.6%.
Is Altus Group's Cyclically Adjusted PB Ratio too high?
Altus Group's current Cyclically Adjusted PB Ratio of 3.42 is 20% below median its 10-year median of 4.25. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 7.66. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Altus Group's value of 3.42 is 395.7% above this industry median. Based on the distribution chart, Altus Group ranks #1321 out of 1412 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Altus Group has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Altus Group's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Altus Group ranks #1321 out of 1412 companies for Cyclically Adjusted PB Ratio. This places Altus Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Altus Group's value of 3.42 is 395.7% above this benchmark. Historically, Altus Group's own Cyclically Adjusted PB Ratio has ranged from 2.34 to 7.66 over the past decade. While the company's 10-year median is 4.25 vs. the industry median of 0.69, Altus Group 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,412 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. Altus Group's current Cyclically Adjusted PB Ratio of 3.42 is 395.7% 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 Altus Group and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altus Group's current Cyclically Adjusted PB Ratio is 3.42, which is 20% below median its own 10-year median of 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altus Group stock overvalued right now?
Altus Group (MEX:AIFN) has a current Cyclically Adjusted PB Ratio of 3.42. The stock's GF Value™ is MXN769.15, compared to a current price of MXN709.91 — trading 7.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.42, which is 20% below median its 10-year median of 4.25 and 395.7% above the Real Estate industry median of 0.69. Altus Group's overall GF Score™ is 70/100 with 5 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 Altus Group (MEX:AIFN), the current Cyclically Adjusted PB Ratio is 3.42 as of Aug. 11, 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 Altus Group (MEX:AIFN) Overvalued in 2026?

Based on GuruFocus' analysis, Altus Group stock appears to be undervalued. The current stock price of MXN709.91 is trading 7.7% below its estimated GF Value™ of MXN769.15.

Key valuation signals for MEX:AIFN:

  • Cyclically Adjusted PB Ratio: 3.42 (20% below median its 10-year median of 4.25)
  • GF Value™: MXN769.15 vs. price of MXN709.91 (7.7% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 395.7% above the Real Estate median (#1321 of 1412)

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


Altus Group Business Description

Other Exchanges ASGTF:USAAIF:Canada
Address 33 Yonge Street, Suite 810, Toronto, ON, CAN, M5E 1G4
Altus Group Ltd is a provider of asset and fund intelligence for commercial real estate. The company delivers intelligence as a service to its clients through a connected platform of technology, analytics, and advisory services. The various services provided by the company include valuation advisory, property appraisals, development advisory, quantity surveying, and others, and the different software products offered include Forbury, ARGUS Intelligence, Reonomy, and Altus Data Studio, among others. The company's reportable segments are Analytics and Appraisals, and Development Advisory. Maximum revenue is generated from its Analytics segment, whose portfolio includes software, data analytics, market data, Valuation Management Solutions (VMS), and technology consulting services.
70GF Score

Get the complete analysis for MEX:AIFN

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

MXN709.91
Price
MXN769.15
GF Value