Alamo Group (MEX:ALG) Cyclically Adjusted PB Ratio: 2.32 (As of Aug. 06, 2026) — 28% 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.

MEX:ALG Alamo Group Inc MEX:ALG
82 GF Score
Price MXN3,500.00
GF Value MXN3,860.26
! 1 Warning Sign
View Full Analysis

What is Alamo Group Cyclically Adjusted PB Ratio?

Alamo Group MEX:ALG 82 Cyclically Adjusted PB Ratio is 2.32 as of Aug. 06, 2026, which is 28% below its 10-year median of 3.24. GuruFocus rates MEX:ALG with a GF Score™ of 82/100 and a GF Value™ of MXN3,860.26. The stock has 1 warning sign investors should review. Among 166 Farm & Heavy Construction Machinery companies, Alamo Group ranks worse than 66.87% on this metric.

As of today (2026-08-06), Alamo Group's current share price is MXN3500.00. Alamo Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN1,508.82. Alamo Group's Cyclically Adjusted PB Ratio for today is 2.32.

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

MEX:ALG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.14   Med: 3.24   Max: 4.43
Current: 2.37

During the past years, Alamo Group's highest Cyclically Adjusted PB Ratio was 4.43. The lowest was 2.14. And the median was 3.24.

MEX:ALG's Cyclically Adjusted PB Ratio is ranked worse than
66.87% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.545 vs MEX:ALG: 2.37

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.

Alamo Group's adjusted book value per share data for the three months ended in Jun. 2026 was MXN1,712.060. 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 MXN1,508.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alamo Group  (MEX:ALG) 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.


Alamo Group Cyclically Adjusted PB Ratio Related Terms


Alamo Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alamo 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.

Alamo Group Cyclically Adjusted PB Ratio Chart

Alamo 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 3.46 2.93 3.91 3.12 2.53

Alamo 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 3.44 2.93 2.53 2.40 2.32

MEX:ALG vs BLBD, ASTE, LNN: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Alamo 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.


Alamo Group Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Alamo Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:ALG
82GF Score
Alamo Group Inc MEX:ALG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alamo 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3500.00/1508.82
=2.32

* 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.

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

For example, Alamo 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)
=1712.06/333.9520*333.9520
=1,712.060

Current CPI (Jun. 2026) = 333.9520.

Alamo Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 653.823 241.428 904.392
201612 697.397 241.432 964.649
201703 659.713 243.801 903.657
201706 661.178 244.955 901.397
201709 700.705 246.819 948.071
201712 764.718 246.524 1,035.920
201803 731.317 249.554 978.645
201806 800.021 251.989 1,060.239
201809 797.047 252.439 1,054.415
201812 854.174 251.233 1,135.413
201903 866.519 254.202 1,138.369
201906 888.329 256.143 1,158.178
201909 926.019 256.759 1,204.421
201912 920.790 256.974 1,196.618
202003 1,117.292 258.115 1,445.565
202006 1,130.216 257.797 1,464.090
202009 1,132.743 260.280 1,453.365
202012 1,069.558 260.474 1,371.273
202103 1,108.260 264.877 1,397.274
202106 1,127.505 271.696 1,385.860
202109 1,198.042 274.310 1,458.527
202112 1,219.132 278.802 1,460.289
202203 1,217.326 287.504 1,413.992
202206 1,244.079 296.311 1,402.117
202209 1,244.784 296.808 1,400.562
202212 1,285.159 296.797 1,446.044
202303 1,241.235 301.836 1,373.305
202306 1,241.377 305.109 1,358.729
202309 1,292.706 307.789 1,402.590
202312 1,323.383 306.746 1,440.757
202403 1,323.378 312.332 1,414.984
202406 1,494.463 314.175 1,588.538
202409 1,668.127 315.301 1,766.802
202412 1,767.196 315.605 1,869.928
202503 1,795.100 319.799 1,874.544
202506 1,741.027 322.561 1,802.510
202509 1,721.069 324.800 1,769.564
202512 1,713.036 324.054 1,765.359
202603 1,747.727 330.213 1,767.517
202606 1,712.060 333.952 1,712.060

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 2.32 mean?
Alamo Group (MEX:ALG) has a Cyclically Adjusted PB Ratio of 2.32 as of Aug. 06, 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 Alamo Group and its competitors. This is 28% below median its historical median of 3.24. Over the past decade, Alamo Group's Cyclically Adjusted PB Ratio has ranged from 2.14 to 4.43. According to the industry distribution chart, Alamo Group ranks #111 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 66.9%.
Is Alamo Group's Cyclically Adjusted PB Ratio too high?
Alamo Group's current Cyclically Adjusted PB Ratio of 2.32 is 28% below median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 4.43. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.55. Alamo Group's value of 2.32 is 50.2% above this industry median. Based on the distribution chart, Alamo Group ranks #111 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Alamo Group has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Alamo Group's Cyclically Adjusted PB Ratio compare to BLBD and ASTE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Alamo Group ranks #111 out of 166 companies for Cyclically Adjusted PB Ratio. This places Alamo Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Alamo Group's value of 2.32 is 50.2% above this benchmark. Historically, Alamo Group's own Cyclically Adjusted PB Ratio has ranged from 2.14 to 4.43 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 1.55, Alamo 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.55, based on 166 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. Alamo Group's current Cyclically Adjusted PB Ratio of 2.32 is 50.2% 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 Alamo Group and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alamo Group's current Cyclically Adjusted PB Ratio is 2.32, which is 28% below median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alamo Group stock overvalued right now?
Alamo Group (MEX:ALG) has a current Cyclically Adjusted PB Ratio of 2.32. The stock's GF Value™ is MXN3,860.26, compared to a current price of MXN3,500.00 — trading 9.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is 28% below median its 10-year median of 3.24 and 50.2% above the Farm & Heavy Construction Machinery industry median of 1.55. Alamo Group's overall GF Score™ is 82/100 with 1 warning sign 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 Alamo Group (MEX:ALG), the current Cyclically Adjusted PB Ratio is 2.32 as of Aug. 06, 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 Alamo Group (MEX:ALG) Overvalued in 2026?

Based on GuruFocus' analysis, Alamo Group stock appears to be undervalued. The current stock price of MXN3,500.00 is trading 9.3% below its estimated GF Value™ of MXN3,860.26.

Key valuation signals for MEX:ALG:

  • Cyclically Adjusted PB Ratio: 2.32 (28% below median its 10-year median of 3.24)
  • GF Value™: MXN3,860.26 vs. price of MXN3,500.00 (9.3% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 50.2% above the Farm & Heavy Construction Machinery median (#111 of 166)

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


Alamo Group Business Description

Other Exchanges ALG:USA
Address 1627 East Walnut, Seguin, TX, USA, 78155
Alamo Group Inc is engaged in the design, manufacture, and servicing of high-quality vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural use. Its products include agricultural implements, tree and branch chippers, forestry/wood recycling equipment, street and parking lot sweepers, leaf and debris collection equipment, truck-mounted highway attenuator trucks, vacuum trucks, hydro-excavation equipment, telescopic boom excavators, snow removal equipment, etc. The company's reportable segments are Vegetation Management, which generates the maximum revenue, and Industrial Equipment. Geographically, the company generates maximum revenue from the United States, followed by Canada, France, the UK, Brazil, the Netherlands, and other regions.
82GF Score

Get the complete analysis for MEX:ALG

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

MXN3,500.00
Price
MXN3,860.26
GF Value