CCL Industries (MEX:CCLBN) Cyclically Adjusted PB Ratio: 4.11 (As of Aug. 09, 2026) — 19% 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:CCLBN CCL Industries Inc MEX:CCLBN
78 GF Score
Price MXN1,147.98
GF Value MXN1,007.78
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is CCL Industries Cyclically Adjusted PB Ratio?

CCL Industries MEX:CCLBN 78 Cyclically Adjusted PB Ratio is 4.11 as of Aug. 09, 2026, which is 19% below its 10-year median of 5.10. GuruFocus rates MEX:CCLBN with a GF Score™ of 78/100 and a GF Value™ of MXN1,007.78 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 312 Packaging & Containers companies, CCL Industries ranks worse than 87.82% on this metric.

As of today (2026-08-09), CCL Industries's current share price is MXN1147.98. CCL Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN279.07. CCL Industries's Cyclically Adjusted PB Ratio for today is 4.11.

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

MEX:CCLBN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.21   Med: 5.1   Max: 10.89
Current: 4.07

During the past years, CCL Industries's highest Cyclically Adjusted PB Ratio was 10.89. The lowest was 3.21. And the median was 5.10.

MEX:CCLBN's Cyclically Adjusted PB Ratio is ranked worse than
87.82% of 312 companies
in the Packaging & Containers industry
Industry Median: 1.175 vs MEX:CCLBN: 4.07

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.

CCL Industries's adjusted book value per share data for the three months ended in Mar. 2026 was MXN426.050. 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 MXN279.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CCL Industries  (MEX:CCLBN) 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.


CCL Industries Cyclically Adjusted PB Ratio Related Terms


CCL Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CCL Industries'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.

CCL Industries Cyclically Adjusted PB Ratio Chart

CCL Industries 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 5.38 4.00 3.49 3.84 3.97

CCL Industries 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 3.45 3.77 3.66 3.97 3.85

MEX:CCLBN vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, CCL Industries'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.


CCL Industries Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

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

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


MEX:CCLBN
78GF Score
CCL Industries Inc MEX:CCLBN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CCL Industries 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.

CCL Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1147.98/279.07
=4.11

* 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.

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

For example, CCL Industries'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)
=426.05/132.2623*132.2623
=426.050

Current CPI (Mar. 2026) = 132.2623.

CCL Industries Quarterly Data

Book Value per Share CPI Adj_Book
201606 134.117 102.002 173.905
201609 146.255 101.765 190.086
201612 155.945 101.449 203.311
201703 148.002 102.634 190.728
201706 150.021 103.029 192.588
201709 166.280 103.345 212.808
201712 187.725 103.345 240.254
201803 190.389 105.004 239.813
201806 203.674 105.557 255.202
201809 196.302 105.636 245.781
201812 219.831 105.399 275.860
201903 222.944 106.979 275.634
201906 222.861 107.690 273.712
201909 234.365 107.611 288.052
201912 232.360 107.769 285.169
202003 289.604 107.927 354.903
202006 292.123 108.401 356.424
202009 295.852 108.164 361.765
202012 284.440 108.559 346.545
202103 303.911 110.298 364.432
202106 315.363 111.720 373.350
202109 328.190 112.905 384.458
202112 333.249 113.774 387.402
202203 330.522 117.646 371.588
202206 339.415 120.806 371.603
202209 358.196 120.648 392.678
202212 345.822 120.964 378.123
202303 329.018 122.702 354.653
202306 324.872 124.203 345.951
202309 335.845 125.230 354.703
202312 329.022 125.072 347.936
202403 330.480 126.258 346.197
202406 377.169 127.522 391.190
202409 419.188 127.285 435.581
202412 437.206 127.364 454.022
202503 442.889 129.181 453.453
202506 424.903 129.892 432.657
202509 427.023 130.287 433.497
202512 424.950 130.366 431.131
202603 426.050 132.262 426.050

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 4.11 mean?
CCL Industries (MEX:CCLBN) has a Cyclically Adjusted PB Ratio of 4.11 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 CCL Industries and its competitors. This is 19% below median its historical median of 5.10. Over the past decade, CCL Industries' Cyclically Adjusted PB Ratio has ranged from 3.21 to 10.89. According to the industry distribution chart, CCL Industries ranks #274 out of 312 companies in the Packaging & Containers industry, placing it in the top 87.8%.
Is CCL Industries' Cyclically Adjusted PB Ratio too high?
CCL Industries' current Cyclically Adjusted PB Ratio of 4.11 is 19% below median its 10-year median of 5.10. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 10.89. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.18. CCL Industries' value of 4.11 is 249.8% above this industry median. Based on the distribution chart, CCL Industries ranks #274 out of 312 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, CCL Industries has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CCL Industries' Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, CCL Industries ranks #274 out of 312 companies for Cyclically Adjusted PB Ratio. This places CCL Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. CCL Industries' value of 4.11 is 249.8% above this benchmark. Historically, CCL Industries' own Cyclically Adjusted PB Ratio has ranged from 3.21 to 10.89 over the past decade. While the company's 10-year median is 5.10 vs. the industry median of 1.18, CCL Industries 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 1.18, based on 312 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. CCL Industries's current Cyclically Adjusted PB Ratio of 4.11 is 249.8% 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 CCL Industries and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CCL Industries's current Cyclically Adjusted PB Ratio is 4.11, which is 19% below median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCL Industries stock overvalued right now?
Based on GuruFocus' analysis, CCL Industries (MEX:CCLBN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN1,007.78, compared to a current price of MXN1,147.98 — trading 13.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.11, which is 19% below median its 10-year median of 5.10 and 249.8% above the Packaging & Containers industry median of 1.18. CCL Industries' overall GF Score™ is 78/100 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 CCL Industries (MEX:CCLBN), the current Cyclically Adjusted PB Ratio is 4.11 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 CCL Industries (MEX:CCLBN) Overvalued in 2026?

Based on GuruFocus' analysis, CCL Industries stock appears to be overvalued. The current stock price of MXN1,147.98 is trading 13.9% above its estimated GF Value™ of MXN1,007.78. GuruFocus considers CCL Industries to be Modestly Overvalued.

Key valuation signals for MEX:CCLBN:

  • Cyclically Adjusted PB Ratio: 4.11 (19% below median its 10-year median of 5.10)
  • GF Value™: MXN1,007.78 vs. price of MXN1,147.98 (13.9% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 249.8% above the Packaging & Containers median (#274 of 312)

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


CCL Industries Business Description

Address 111 Gordon Baker Road, Suite 801, Toronto, ON, CAN, M2H 3R1
CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, and sells pressure-sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile, and Argentina; Europe; and Asia, Australia, Africa, and New Zealand.
78GF Score

Get the complete analysis for MEX:CCLBN

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

MXN1,147.98
Price
MXN1,007.78
GF Value