O-I Glass (MEX:OI) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:OI O-I Glass Inc MEX:OI
57 GF Score
Price MXN155.00
GF Value MXN226.17
! 3 Warning Signs
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What is O-I Glass Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


O-I Glass  (MEX:OI) 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.


O-I Glass Cyclically Adjusted PB Ratio Related Terms


O-I Glass Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for O-I Glass'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.

O-I Glass Cyclically Adjusted PB Ratio Chart

O-I Glass 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 2.25 2.95 2.70 1.81 2.32

O-I Glass 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 2.41 2.09 2.32 1.59 0.00

MEX:OI vs TRS, MYE, KRT: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, O-I Glass'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.


O-I Glass Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

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

* The bar in red indicates where O-I Glass's Cyclically Adjusted PB Ratio falls into.


MEX:OI
57GF Score
O-I Glass Inc MEX:OI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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O-I Glass 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.

O-I Glass's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, O-I Glass'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)
=61.271/333.9520*333.9520
=61.271

Current CPI (Jun. 2026) = 333.9520.

O-I Glass Quarterly Data

Book Value per Share CPI Adj_Book
201609 47.803 241.428 66.123
201612 32.258 241.432 44.620
201703 57.865 243.801 79.262
201706 74.357 244.955 101.372
201709 91.524 246.819 123.834
201712 97.307 246.524 131.816
201803 111.113 249.554 148.691
201806 95.997 251.989 127.221
201809 111.736 252.439 147.816
201812 99.148 251.233 131.793
201903 110.966 254.202 145.779
201906 120.475 256.143 157.072
201909 42.495 256.759 55.271
201912 56.505 256.974 73.431
202003 -2.546 258.115 -3.294
202006 -7.206 257.797 -9.335
202009 23.473 260.280 30.117
202012 37.536 260.474 48.125
202103 20.194 264.877 25.460
202106 50.498 271.696 62.069
202109 60.574 274.310 73.744
202112 94.465 278.802 113.151
202203 121.850 287.504 141.536
202206 147.672 296.311 166.431
202209 173.613 296.808 195.340
202212 178.591 296.797 200.948
202303 205.355 301.836 227.205
202306 223.558 305.109 244.692
202309 223.580 307.789 242.585
202312 177.056 306.746 192.759
202403 179.794 312.332 192.240
202406 177.230 314.175 188.386
202409 171.633 315.301 181.786
202412 146.061 315.605 154.552
202503 147.336 319.799 153.856
202506 151.051 322.561 156.385
202509 158.487 324.800 162.953
202512 152.311 324.054 156.963
202603 168.446 330.213 170.353
202606 61.271 333.952 61.271

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.

Is O-I Glass (MEX:OI) Overvalued in 2026?

Based on GuruFocus' analysis, O-I Glass stock appears to be undervalued. The current stock price of MXN155.00 is trading 31.5% below its estimated GF Value™ of MXN226.17.

Key valuation signals for MEX:OI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN226.17 vs. price of MXN155.00 (31.5% below fair value)
  • GF Score™: 57/100 with 3 warning signs

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


O-I Glass Business Description

Other Exchanges OI:USA2WZ:Germany
Address One Michael Owens Way, Perrysburg, OH, USA, 43551
O-I Glass is the manufacturer of glass containers. The Company has two reportable segments and two operating segments based on its geographic locations: Americas and Europe. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food.
57GF Score

Get the complete analysis for MEX:OI

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

MXN155.00
Price
MXN226.17
GF Value