Amadeus IT Group (MEX:AMSN) Cyclically Adjusted PB Ratio: 4.61 (As of Aug. 09, 2026) — 43% 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:AMSN Amadeus IT Group SA MEX:AMSN
83 GF Score
Price MXN971.37
GF Value MXN1,545.87
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Amadeus IT Group Cyclically Adjusted PB Ratio?

Amadeus IT Group MEX:AMSN 83 Cyclically Adjusted PB Ratio is 4.61 as of Aug. 09, 2026, which is 43% below its 10-year median of 8.08. GuruFocus rates MEX:AMSN with a GF Score™ of 83/100 and a GF Value™ of MXN1,545.87 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,558 Software companies, Amadeus IT Group ranks worse than 77.21% on this metric.

As of today (2026-08-09), Amadeus IT Group's current share price is MXN971.37. Amadeus IT Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN210.62. Amadeus IT Group's Cyclically Adjusted PB Ratio for today is 4.61.

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

MEX:AMSN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.72   Med: 8.08   Max: 20.1
Current: 5.46

During the past years, Amadeus IT Group's highest Cyclically Adjusted PB Ratio was 20.10. The lowest was 4.72. And the median was 8.08.

MEX:AMSN's Cyclically Adjusted PB Ratio is ranked worse than
77.21% of 1558 companies
in the Software industry
Industry Median: 2.31 vs MEX:AMSN: 5.46

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.

Amadeus IT Group's adjusted book value per share data for the three months ended in Jun. 2026 was MXN218.952. 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 MXN210.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amadeus IT Group  (MEX:AMSN) 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.


Amadeus IT Group Cyclically Adjusted PB Ratio Related Terms


Amadeus IT Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amadeus IT 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.

Amadeus IT Group Cyclically Adjusted PB Ratio Chart

Amadeus IT 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 8.85 6.31 7.62 7.35 6.22

Amadeus IT 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 7.31 6.84 6.22 4.71 4.85

MEX:AMSN vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Amadeus IT 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.


Amadeus IT Group Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Amadeus IT Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:AMSN
83GF Score
Amadeus IT Group SA MEX:AMSN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amadeus IT 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=971.37/210.62
=4.61

* 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.

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

For example, Amadeus IT 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)
=218.952/131.3300*131.3300
=218.952

Current CPI (Jun. 2026) = 131.3300.

Amadeus IT Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 133.503 99.737 175.793
201612 136.057 101.842 175.451
201703 137.008 100.896 178.335
201706 136.186 101.848 175.607
201709 155.414 101.524 201.042
201712 139.547 102.975 177.973
201803 148.236 102.122 190.634
201806 154.881 104.165 195.273
201809 160.698 103.818 203.283
201812 164.740 104.193 207.646
201903 178.716 103.488 226.797
201906 176.405 104.612 221.460
201909 194.436 103.905 245.756
201912 183.898 105.015 229.980
202003 234.161 103.469 297.214
202006 250.167 104.254 315.137
202009 233.101 103.521 295.720
202012 201.263 104.456 253.043
202103 202.012 104.857 253.013
202106 194.285 107.102 238.234
202109 197.720 107.669 241.171
202112 192.971 111.298 227.703
202203 188.986 115.153 215.536
202206 200.732 118.044 223.324
202209 204.078 117.221 228.641
202212 210.470 117.650 234.942
202303 206.055 118.948 227.505
202306 195.731 120.278 213.715
202309 198.669 121.343 215.021
202312 188.361 121.300 203.937
202403 187.317 122.762 200.390
202406 205.422 124.409 216.851
202409 239.894 123.121 255.889
202412 253.329 124.753 266.684
202503 276.069 125.531 288.823
202506 259.908 127.251 268.240
202509 251.245 126.840 260.139
202512 237.484 128.400 242.903
202603 237.186 129.860 239.871
202606 218.952 131.330 218.952

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 4.61 mean?
Amadeus IT Group (MEX:AMSN) has a Cyclically Adjusted PB Ratio of 4.61 as of Aug. 09, 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 Amadeus IT Group and its competitors. This is 43% below median its historical median of 8.08. Over the past decade, Amadeus IT Group's Cyclically Adjusted PB Ratio has ranged from 4.72 to 20.10. According to the industry distribution chart, Amadeus IT Group ranks #1203 out of 1558 companies in the Software industry, placing it in the top 77.2%.
Is Amadeus IT Group's Cyclically Adjusted PB Ratio too high?
Amadeus IT Group's current Cyclically Adjusted PB Ratio of 4.61 is 43% below median its 10-year median of 8.08. Over the past 10 years, this metric has ranged from a low of 4.72 to a high of 20.10. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Amadeus IT Group's value of 4.61 is 99.6% above this industry median. Based on the distribution chart, Amadeus IT Group ranks #1203 out of 1558 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Amadeus IT Group has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amadeus IT Group's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Amadeus IT Group ranks #1203 out of 1558 companies for Cyclically Adjusted PB Ratio. This places Amadeus IT Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.31. Amadeus IT Group's value of 4.61 is 99.6% above this benchmark. Historically, Amadeus IT Group's own Cyclically Adjusted PB Ratio has ranged from 4.72 to 20.10 over the past decade. While the company's 10-year median is 8.08 vs. the industry median of 2.31, Amadeus IT 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,558 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. Amadeus IT Group's current Cyclically Adjusted PB Ratio of 4.61 is 99.6% 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 Amadeus IT Group and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amadeus IT Group's current Cyclically Adjusted PB Ratio is 4.61, which is 43% below median its own 10-year median of 8.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amadeus IT Group stock overvalued right now?
Based on GuruFocus' analysis, Amadeus IT Group (MEX:AMSN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,545.87, compared to a current price of MXN971.37 — trading 37.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.61, which is 43% below median its 10-year median of 8.08 and 99.6% above the Software industry median of 2.31. Amadeus IT Group's overall GF Score™ is 83/100 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 Amadeus IT Group (MEX:AMSN), the current Cyclically Adjusted PB Ratio is 4.61 as of Aug. 09, 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 Amadeus IT Group (MEX:AMSN) Overvalued in 2026?

Based on GuruFocus' analysis, Amadeus IT Group stock appears to be undervalued. The current stock price of MXN971.37 is trading 37.2% below its estimated GF Value™ of MXN1,545.87. GuruFocus considers Amadeus IT Group to be Significantly Undervalued.

Key valuation signals for MEX:AMSN:

  • Cyclically Adjusted PB Ratio: 4.61 (43% below median its 10-year median of 8.08)
  • GF Value™: MXN1,545.87 vs. price of MXN971.37 (37.2% below fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 99.6% above the Software median (#1203 of 1558)

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


Amadeus IT Group Business Description

Address Salvador de Madariaga, 1, Madrid, ESP, 28027
Founded in 1987 by four major European airline carriers (Air France, Lufthansa, Iberia, and SAS), Amadeus became the world's second global distribution system operator, or GDS, after Sabre's development in the 1960s and 1970s. Today, among the top three GDS operators that control nearly 100% of industry sales, Amadeus' 40%-50% market share ranks as the largest. Overall, Amadeus' GDS segment represented 48% of total in 2025. Moreover, the company has an expanding IT solutions division (52% of 2025 revenue) that addresses the airline, airport, rail, hotel, and travel agency markets. Transaction fees, which are tied to volume and not price, account for the bulk of consolidated sales and profits.
83GF Score

Get the complete analysis for MEX:AMSN

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

MXN971.37
Price
MXN1,545.87
GF Value