Ball (MEX:BLL) Cyclically Adjusted PB Ratio: 3.88 (As of Jul. 20, 2026) — 48% 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:BLL Ball Corp MEX:BLL
83 GF Score
Price MXN1,113.49
GF Value MXN1,315.56
! 4 Warning Signs
View Full Analysis

What is Ball Cyclically Adjusted PB Ratio?

Ball MEX:BLL 83 Cyclically Adjusted PB Ratio is 3.88 as of Jul. 20, 2026, which is 48% below its 10-year median of 7.53. GuruFocus rates MEX:BLL with a GF Score™ of 83/100 and a GF Value™ of MXN1,315.56. The stock has 4 warning signs investors should review. Among 316 Packaging & Containers companies, Ball ranks worse than 88.92% on this metric.

As of today (2026-07-20), Ball's current share price is MXN1113.49. Ball's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN286.90. Ball's Cyclically Adjusted PB Ratio for today is 3.88.

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

MEX:BLL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.3   Med: 7.53   Max: 13.35
Current: 4.12

During the past years, Ball's highest Cyclically Adjusted PB Ratio was 13.35. The lowest was 3.30. And the median was 7.53.

MEX:BLL's Cyclically Adjusted PB Ratio is ranked worse than
88.92% of 316 companies
in the Packaging & Containers industry
Industry Median: 1.165 vs MEX:BLL: 4.12

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.

Ball's adjusted book value per share data for the three months ended in Mar. 2026 was MXN379.395. 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 MXN286.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ball  (MEX:BLL) 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.


Ball Cyclically Adjusted PB Ratio Related Terms


Ball Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ball'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.

Ball Cyclically Adjusted PB Ratio Chart

Ball 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 11.26 5.25 5.34 4.32 3.64

Ball Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.91 4.08 3.54 3.64 3.88

MEX:BLL vs AMCR, AVY, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Ball'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.


Ball Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ball's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:BLL
83GF Score
Ball Corp MEX:BLL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ball 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.

Ball's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1113.49/286.90
=3.88

* 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.

Ball's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ball's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=379.395/330.2130*330.2130
=379.395

Current CPI (Mar. 2026) = 330.2130.

Ball Quarterly Data

Book Value per Share CPI Adj_Book
201606 243.030 241.018 332.970
201609 205.417 241.428 280.959
201612 202.497 241.432 276.961
201703 194.225 243.801 263.065
201706 185.282 244.955 249.770
201709 183.062 246.819 244.914
201712 221.215 246.524 296.312
201803 209.237 249.554 276.865
201806 220.469 251.989 288.908
201809 199.853 252.439 261.426
201812 202.524 251.233 266.191
201903 205.655 254.202 267.150
201906 200.286 256.143 258.204
201909 203.075 256.759 261.171
201912 171.325 256.974 220.154
202003 189.213 258.115 242.065
202006 195.332 257.797 250.201
202009 194.981 260.280 247.369
202012 198.868 260.474 252.113
202103 217.546 264.877 271.207
202106 221.678 271.696 269.422
202109 234.470 274.310 282.254
202112 231.902 278.802 274.665
202203 242.058 287.504 278.016
202206 221.673 296.311 247.035
202209 222.969 296.808 248.064
202212 214.817 296.797 239.003
202303 208.571 301.836 228.180
202306 208.817 305.109 225.998
202309 217.602 307.789 233.455
202312 202.654 306.746 218.158
202403 387.474 312.332 409.657
202406 413.933 314.175 435.063
202409 438.571 315.301 459.313
202412 422.479 315.605 442.034
202503 402.707 319.799 415.821
202506 360.322 322.561 368.870
202509 370.437 324.800 376.611
202512 367.816 324.054 374.807
202603 379.395 330.213 379.395

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 3.88 mean?
Ball (MEX:BLL) has a Cyclically Adjusted PB Ratio of 3.88 as of Jul. 20, 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 Ball and its competitors. This is 48% below median its historical median of 7.53. Over the past decade, Ball's Cyclically Adjusted PB Ratio has ranged from 3.30 to 13.35. According to the industry distribution chart, Ball ranks #281 out of 316 companies in the Packaging & Containers industry, placing it in the top 88.9%.
Is Ball's Cyclically Adjusted PB Ratio too high?
Ball's current Cyclically Adjusted PB Ratio of 3.88 is 48% below median its 10-year median of 7.53. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 13.35. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.17. Ball's value of 3.88 is 233% above this industry median. Based on the distribution chart, Ball ranks #281 out of 316 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Ball has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Ball's Cyclically Adjusted PB Ratio compare to AMCR and AVY?
According to the Packaging & Containers industry distribution chart, Ball ranks #281 out of 316 companies for Cyclically Adjusted PB Ratio. This places Ball in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. Ball's value of 3.88 is 233% above this benchmark. Historically, Ball's own Cyclically Adjusted PB Ratio has ranged from 3.30 to 13.35 over the past decade. While the company's 10-year median is 7.53 vs. the industry median of 1.17, Ball 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.17, based on 316 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. Ball's current Cyclically Adjusted PB Ratio of 3.88 is 233% 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 Ball and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ball's current Cyclically Adjusted PB Ratio is 3.88, which is 48% below median its own 10-year median of 7.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ball stock overvalued right now?
Ball (MEX:BLL) has a current Cyclically Adjusted PB Ratio of 3.88. The stock's GF Value™ is MXN1,315.56, compared to a current price of MXN1,113.49 — trading 15.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.88, which is 48% below median its 10-year median of 7.53 and 233% above the Packaging & Containers industry median of 1.17. Ball's overall GF Score™ is 83/100 with 4 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 Ball (MEX:BLL), the current Cyclically Adjusted PB Ratio is 3.88 as of Jul. 20, 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 Ball (MEX:BLL) Overvalued in 2026?

Based on GuruFocus' analysis, Ball stock appears to be undervalued. The current stock price of MXN1,113.49 is trading 15.4% below its estimated GF Value™ of MXN1,315.56.

Key valuation signals for MEX:BLL:

  • Cyclically Adjusted PB Ratio: 3.88 (48% below median its 10-year median of 7.53)
  • GF Value™: MXN1,315.56 vs. price of MXN1,113.49 (15.4% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 233% above the Packaging & Containers median (#281 of 316)

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


Ball Business Description

Address 9200 West 108th Circle, Westminster, CO, USA, 80021
Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (48% of 2025 revenue), beverage packaging, EMEA (30%), beverage packaging, South America (16%)—and it generated $13 billion in revenue in 2025.
83GF Score

Get the complete analysis for MEX:BLL

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

MXN1,113.49
Price
MXN1,315.56
GF Value