O-I Glass (MEX:OI) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:OI O-I Glass Inc MEX:OI
52 GF Score
Price MXN155.00
GF Value MXN199.98
Valuation Modestly Undervalued
! 4 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 2.83 3.06 3.51 1.95 1.72

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 1.81 1.78 1.74 1.98 1.08

MEX:OI vs MYE, KRT, TRS: 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
52GF Score
O-I Glass Inc MEX:OI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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)
=61.294/333.9520*333.9520
=61.294

Current CPI (Jun. 2026) = 333.9520.

O-I Glass Quarterly Data

Book Value per Share CPI Adj_Book
201609 61.450 241.428 85.000
201612 46.067 241.432 63.720
201703 71.309 243.801 97.677
201706 86.567 244.955 118.019
201709 104.616 246.819 141.548
201712 111.217 246.524 150.659
201803 126.313 249.554 169.031
201806 110.963 251.989 147.055
201809 125.723 252.439 166.319
201812 113.867 251.233 151.358
201903 126.209 254.202 165.804
201906 134.704 256.143 175.623
201909 55.313 256.759 71.943
201912 68.328 256.974 88.796
202003 11.387 258.115 14.733
202006 6.183 257.797 8.010
202009 37.222 260.280 47.758
202012 50.765 260.474 65.085
202103 33.947 264.877 42.800
202106 63.548 271.696 78.109
202109 74.671 274.310 90.906
202112 108.244 278.802 129.656
202203 140.678 287.504 163.405
202206 163.126 296.311 183.848
202209 188.065 296.808 211.600
202212 192.494 296.797 216.592
202303 219.429 301.836 242.777
202306 237.028 305.109 259.435
202309 237.326 307.789 257.499
202312 191.462 306.746 208.443
202403 194.907 312.332 208.399
202406 191.960 314.175 204.044
202409 187.721 315.301 198.825
202412 162.625 315.605 172.079
202503 165.192 319.799 172.503
202506 167.863 322.561 173.791
202509 175.453 324.800 180.397
202512 169.837 324.054 175.025
202603 168.529 330.213 170.437
202606 61.294 333.952 61.294

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 22.5% below its estimated GF Value™ of MXN199.98. GuruFocus considers O-I Glass to be Modestly Undervalued.

Key valuation signals for MEX:OI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN199.98 vs. price of MXN155.00 (22.5% below fair value)
  • GF Score™: 52/100 with 4 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.
52GF 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
MXN199.98
GF Value