Crown Castle (MEX:CCI1) Cyclically Adjusted PB Ratio: 3.03 (As of Sep. 15, 2026) — 54% 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:CCI1 Crown Castle Inc MEX:CCI1
59 GF Score
Price MXN1,271.00
GF Value MXN1,676.27
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Crown Castle Cyclically Adjusted PB Ratio?

Crown Castle MEX:CCI1 59 Cyclically Adjusted PB Ratio is 3.03 as of Sep. 15, 2026, which is 54% below its 10-year median of 6.54. GuruFocus rates MEX:CCI1 with a GF Score™ of 59/100 and a GF Value™ of MXN1,676.27 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 550 REITs companies, Crown Castle ranks worse than 95.45% on this metric.

As of today (2026-09-15), Crown Castle's current share price is MXN1271.00. Crown Castle's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN419.89. Crown Castle's Cyclically Adjusted PB Ratio for today is 3.03.

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

MEX:CCI1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.2   Med: 6.54   Max: 9.03
Current: 3.45

During the past years, Crown Castle's highest Cyclically Adjusted PB Ratio was 9.03. The lowest was 3.20. And the median was 6.54.

MEX:CCI1's Cyclically Adjusted PB Ratio is ranked worse than
95.45% of 550 companies
in the REITs industry
Industry Median: 0.77 vs MEX:CCI1: 3.45

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.

Crown Castle's adjusted book value per share data for the three months ended in Jun. 2026 was MXN-133.940. 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 MXN419.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crown Castle  (MEX:CCI1) 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.


Crown Castle Cyclically Adjusted PB Ratio Related Terms


Crown Castle Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Crown Castle'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.

Crown Castle Cyclically Adjusted PB Ratio Chart

Crown Castle 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 8.82 5.27 4.35 3.56 3.87

Crown Castle 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 4.19 4.04 3.87 3.60 3.45

MEX:CCI1 vs IRM, SBAC, WY: Cyclically Adjusted PB Ratio Comparison

For the REIT - Specialty subindustry, Crown Castle'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.


Crown Castle Cyclically Adjusted PB Ratio vs REITs Industry

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

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


MEX:CCI1
59GF Score
Crown Castle Inc MEX:CCI1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Crown Castle 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.

Crown Castle's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1271.00/419.89
=3.03

* 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.

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

For example, Crown Castle'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)
=-133.94/333.9520*333.9520
=-133.940

Current CPI (Jun. 2026) = 333.9520.

Crown Castle Quarterly Data

Book Value per Share CPI Adj_Book
201609 386.837 241.428 535.087
201612 432.147 241.432 597.752
201703 383.686 243.801 525.563
201706 374.751 244.955 510.905
201709 566.063 246.819 765.897
201712 596.464 246.524 807.996
201803 561.751 249.554 751.733
201806 594.977 251.989 788.502
201809 554.164 252.439 733.105
201812 547.462 251.233 727.715
201903 547.714 254.202 719.547
201906 532.077 256.143 693.707
201909 537.447 256.759 699.027
201912 475.535 256.974 617.984
202003 569.106 258.115 736.316
202006 543.896 257.797 704.567
202009 487.027 260.280 624.880
202012 436.655 260.474 559.832
202103 422.028 264.877 532.085
202106 401.484 271.696 493.479
202109 405.338 274.310 493.469
202112 392.140 278.802 469.709
202203 369.526 287.504 429.225
202206 365.237 296.311 411.634
202209 356.728 296.808 401.371
202212 335.394 296.797 377.381
202303 299.988 301.836 331.907
202306 278.332 305.109 304.644
202309 267.665 307.789 290.417
202312 249.747 306.746 271.898
202403 230.745 312.332 246.717
202406 238.296 314.175 253.296
202409 239.963 315.301 254.158
202412 -6.382 315.605 -6.753
202503 -58.870 319.799 -61.475
202506 -59.758 322.561 -61.868
202509 -62.893 324.800 -64.665
202512 -67.602 324.054 -69.667
202603 -79.343 330.213 -80.241
202606 -133.940 333.952 -133.940

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 3.03 mean?
Crown Castle (MEX:CCI1) has a Cyclically Adjusted PB Ratio of 3.03 as of Sep. 15, 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 Crown Castle and its competitors. This is 54% below median its historical median of 6.54. Over the past decade, Crown Castle's Cyclically Adjusted PB Ratio has ranged from 3.20 to 9.03. According to the industry distribution chart, Crown Castle ranks #525 out of 550 companies in the REITs industry, placing it in the top 95.5%.
Is Crown Castle's Cyclically Adjusted PB Ratio too high?
Crown Castle's current Cyclically Adjusted PB Ratio of 3.03 is 54% below median its 10-year median of 6.54. Over the past 10 years, this metric has ranged from a low of 3.20 to a high of 9.03. The REITs industry median Cyclically Adjusted PB Ratio is 0.77. Crown Castle's value of 3.03 is 293.5% above this industry median. Based on the distribution chart, Crown Castle ranks #525 out of 550 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Crown Castle has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Crown Castle's Cyclically Adjusted PB Ratio compare to IRM and SBAC?
According to the REITs industry distribution chart, Crown Castle ranks #525 out of 550 companies for Cyclically Adjusted PB Ratio. This places Crown Castle in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. Crown Castle's value of 3.03 is 293.5% above this benchmark. Historically, Crown Castle's own Cyclically Adjusted PB Ratio has ranged from 3.20 to 9.03 over the past decade. While the company's 10-year median is 6.54 vs. the industry median of 0.77, Crown Castle 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.77, based on 550 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. Crown Castle's current Cyclically Adjusted PB Ratio of 3.03 is 293.5% 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 Crown Castle and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Crown Castle's current Cyclically Adjusted PB Ratio is 3.03, which is 54% below median its own 10-year median of 6.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crown Castle stock overvalued right now?
Based on GuruFocus' analysis, Crown Castle (MEX:CCI1) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,676.27, compared to a current price of MXN1,271.00 — trading 24.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.03, which is 54% below median its 10-year median of 6.54 and 293.5% above the REITs industry median of 0.77. Crown Castle's overall GF Score™ is 59/100 with 7 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 Crown Castle (MEX:CCI1), the current Cyclically Adjusted PB Ratio is 3.03 as of Sep. 15, 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 Crown Castle (MEX:CCI1) Overvalued in 2026?

Based on GuruFocus' analysis, Crown Castle stock appears to be undervalued. The current stock price of MXN1,271.00 is trading 24.2% below its estimated GF Value™ of MXN1,676.27. GuruFocus considers Crown Castle to be Modestly Undervalued.

Key valuation signals for MEX:CCI1:

  • Cyclically Adjusted PB Ratio: 3.03 (54% below median its 10-year median of 6.54)
  • GF Value™: MXN1,676.27 vs. price of MXN1,271.00 (24.2% below fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 293.5% above the REITs median (#525 of 550)

No single metric tells the full story. See the MEX:CCI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Crown Castle Business Description

Industry Real EstateREITs
Address 8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle owns or manages roughly 40,000 wireless towers in the United States. It leases space on its towers to wireless service providers, which install equipment to support their wireless networks. The company has a very concentrated customer base, with about 90% of its revenue from the Big Three US mobile carriers: Verizon, T-Mobile, and AT&T. Crown Castle has plans to divest its fiber business, which is expected to be finalized in the first half of 2026. After that, it will be a stand-alone tower operator. Crown Castle operates as a real estate investment trust.
59GF Score

Get the complete analysis for MEX:CCI1

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

MXN1,271.00
Price
MXN1,676.27
GF Value