TFI International (MEX:TFII N) Cyclically Adjusted PB Ratio: 4.72 (As of Jul. 19, 2026) — Near Median

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MEX:TFII N TFI International Inc MEX:TFII N
92 GF Score
Price MXN1,577.84
GF Value MXN1,330.96
! 9 Warning Signs
View Full Analysis

What is TFI International Cyclically Adjusted PB Ratio?

TFI International MEX:TFII N 92 Cyclically Adjusted PB Ratio is 4.72 as of Jul. 19, 2026, which is 1% above its 10-year median of 4.66. GuruFocus rates MEX:TFII N with a GF Score™ of 92/100 and a GF Value™ of MXN1,330.96. The stock has 9 warning signs investors should review. Among 738 Transportation companies, TFI International ranks worse than 93.9% on this metric.

As of today (2026-07-19), TFI International's current share price is MXN1577.84. TFI International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN334.49. TFI International's Cyclically Adjusted PB Ratio for today is 4.72.

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

MEX:TFII N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.18   Med: 4.66   Max: 9.62
Current: 6.81

During the past years, TFI International's highest Cyclically Adjusted PB Ratio was 9.62. The lowest was 2.18. And the median was 4.66.

MEX:TFII N's Cyclically Adjusted PB Ratio is ranked worse than
93.9% of 738 companies
in the Transportation industry
Industry Median: 1.235 vs MEX:TFII N: 6.81

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.

TFI International's adjusted book value per share data for the three months ended in Mar. 2026 was MXN583.673. 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 MXN334.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TFI International  (MEX:TFII N) 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.


TFI International Cyclically Adjusted PB Ratio Related Terms


TFI International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TFI International'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.

TFI International Cyclically Adjusted PB Ratio Chart

TFI International 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 8.66 6.76 7.57 7.18 4.57

TFI International 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 3.94 4.18 4.06 4.57 4.72

MEX:TFII N vs ODFL, XPO, KNX: Cyclically Adjusted PB Ratio Comparison

For the Trucking subindustry, TFI International'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.


TFI International Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, TFI International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:TFII N
92GF Score
TFI International Inc MEX:TFII N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TFI International 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.

TFI International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1577.84/334.49
=4.72

* 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.

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

For example, TFI International'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)
=583.673/132.2623*132.2623
=583.673

Current CPI (Mar. 2026) = 132.2623.

TFI International Quarterly Data

Book Value per Share CPI Adj_Book
201606 218.626 102.002 283.486
201609 228.832 101.765 297.410
201612 244.325 101.449 318.536
201703 223.712 102.634 288.294
201706 199.374 103.029 255.945
201709 218.732 103.345 279.937
201712 247.983 103.345 317.373
201803 229.364 105.004 288.905
201806 251.909 105.557 315.640
201809 254.222 105.636 318.300
201812 262.688 105.399 329.640
201903 255.509 106.979 315.895
201906 258.497 107.690 317.479
201909 270.735 107.611 332.753
201912 268.438 107.769 329.447
202003 354.361 107.927 434.261
202006 0.000 108.401 0.000
202009 397.870 108.164 486.512
202012 380.940 108.559 464.115
202103 394.762 110.298 473.375
202106 432.399 111.720 511.906
202109 467.659 112.905 547.839
202112 514.304 113.774 597.879
202203 495.286 117.646 556.823
202206 537.030 120.806 587.958
202209 537.075 120.648 588.778
202212 554.888 120.964 606.716
202303 525.902 122.702 566.877
202306 508.863 124.203 541.881
202309 531.662 125.230 561.516
202312 520.917 125.072 550.862
202403 507.857 126.258 532.010
202406 0.000 127.522 0.000
202409 640.226 127.285 665.263
202412 660.518 127.364 685.923
202503 641.057 129.181 656.348
202506 607.278 129.892 618.360
202509 588.222 130.287 597.140
202512 586.877 130.366 595.413
202603 583.673 132.262 583.673

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 4.72 mean?
TFI International (MEX:TFII N) has a Cyclically Adjusted PB Ratio of 4.72 as of Jul. 19, 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 TFI International and its competitors. This is near median its historical median of 4.66. Over the past decade, TFI International's Cyclically Adjusted PB Ratio has ranged from 2.18 to 9.62. According to the industry distribution chart, TFI International ranks #693 out of 738 companies in the Transportation industry, placing it in the top 93.9%.
Is TFI International's Cyclically Adjusted PB Ratio too high?
TFI International's current Cyclically Adjusted PB Ratio of 4.72 is near median its 10-year median of 4.66. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 9.62. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. TFI International's value of 4.72 is 282.2% above this industry median. Based on the distribution chart, TFI International ranks #693 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, TFI International has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does TFI International's Cyclically Adjusted PB Ratio compare to ODFL and XPO?
According to the Transportation industry distribution chart, TFI International ranks #693 out of 738 companies for Cyclically Adjusted PB Ratio. This places TFI International in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. TFI International's value of 4.72 is 282.2% above this benchmark. Historically, TFI International's own Cyclically Adjusted PB Ratio has ranged from 2.18 to 9.62 over the past decade. While the company's 10-year median is 4.66 vs. the industry median of 1.24, TFI International 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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. TFI International's current Cyclically Adjusted PB Ratio of 4.72 is 282.2% 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 TFI International and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TFI International's current Cyclically Adjusted PB Ratio is 4.72, which is near median its own 10-year median of 4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TFI International stock overvalued right now?
TFI International (MEX:TFII N) has a current Cyclically Adjusted PB Ratio of 4.72. The stock's GF Value™ is MXN1,330.96, compared to a current price of MXN1,577.84 — trading 18.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.72, which is near median its 10-year median of 4.66 and 282.2% above the Transportation industry median of 1.24. TFI International's overall GF Score™ is 92/100 with 9 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 TFI International (MEX:TFII N), the current Cyclically Adjusted PB Ratio is 4.72 as of Jul. 19, 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 TFI International (MEX:TFII N) Overvalued in 2026?

Based on GuruFocus' analysis, TFI International stock appears to be overvalued. The current stock price of MXN1,577.84 is trading 18.5% above its estimated GF Value™ of MXN1,330.96.

Key valuation signals for MEX:TFII N:

  • Cyclically Adjusted PB Ratio: 4.72 (near median its 10-year median of 4.66)
  • GF Value™: MXN1,330.96 vs. price of MXN1,577.84 (18.5% above fair value)
  • GF Score™: 92/100 with 9 warning signs
  • Industry Position: 282.2% above the Transportation median (#693 of 738)

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


TFI International Business Description

Address 8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6
TFI International Inc is involved in the provision of transportation and logistics services across the United States, Canada, and Mexico. The company's reportable segments are; Less-Than-Truckload, which derives maximum revenue, Truckload, and Logistics. The Less-Than-Truckload segment engages in pickup, consolidation, transport, and delivery of smaller loads; the Truckload segment deals with full loads carried directly from the customer to the destination using a closed van or specialized equipment to meet customer's specific needs; and the Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. Geographically, the company generates maximum revenue from the United States.
92GF Score

Get the complete analysis for MEX:TFII N

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

MXN1,577.84
Price
MXN1,330.96
GF Value