QUAD (Quad/Graphics) Cyclically Adjusted PB Ratio: 1.80 (As of Aug. 15, 2026) — 319% Above Median

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QUAD Quad/Graphics Inc QUAD
54 GF Score
Price $9.94
GF Value $4.97
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Quad/Graphics Cyclically Adjusted PB Ratio?

Quad/Graphics QUAD +1.33% 54 Cyclically Adjusted PB Ratio is 1.80 as of Aug. 15, 2026, which is 319% above its 10-year median of 0.43. GuruFocus rates QUAD with a GF Score™ of 54/100 and a GF Value™ of $4.97 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 716 Business Services companies, Quad/Graphics ranks worse than 55.73% on this metric.

As of today (2026-08-15), Quad/Graphics's current share price is $9.94. Quad/Graphics's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $5.52. Quad/Graphics's Cyclically Adjusted PB Ratio for today is 1.80.

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

QUAD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.43   Max: 1.88
Current: 1.8

During the past years, Quad/Graphics's highest Cyclically Adjusted PB Ratio was 1.88. The lowest was 0.11. And the median was 0.43.

QUAD's Cyclically Adjusted PB Ratio is ranked worse than
55.73% of 716 companies
in the Business Services industry
Industry Median: 1.53 vs QUAD: 1.80

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.

Quad/Graphics's adjusted book value per share data for the three months ended in Jun. 2026 was $2.419. 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 $5.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quad/Graphics  (NYSE:QUAD) 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.


Quad/Graphics Cyclically Adjusted PB Ratio Related Terms


Quad/Graphics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Quad/Graphics'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.

Quad/Graphics Cyclically Adjusted PB Ratio Chart

Quad/Graphics 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 0.26 0.32 0.52 0.93 1.08

Quad/Graphics 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 0.90 1.04 1.08 1.17 1.53

QUAD vs SPIR, BUUU, CASS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Quad/Graphics'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.


Quad/Graphics Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Quad/Graphics's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Quad/Graphics's Cyclically Adjusted PB Ratio falls into.


QUAD
54GF Score
Quad/Graphics Inc QUAD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quad/Graphics 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.

Quad/Graphics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.94/5.52
=1.80

* 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.

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

For example, Quad/Graphics'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)
=2.419/333.9520*333.9520
=2.419

Current CPI (Jun. 2026) = 333.9520.

Quad/Graphics Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.833 241.428 10.835
201612 8.589 241.432 11.880
201703 8.860 243.801 12.136
201706 8.806 244.955 12.005
201709 8.996 246.819 12.172
201712 10.046 246.524 13.609
201803 10.050 249.554 13.449
201806 9.377 251.989 12.427
201809 9.588 252.439 12.684
201812 8.576 251.233 11.400
201903 7.623 254.202 10.015
201906 7.045 256.143 9.185
201909 4.231 256.759 5.503
201912 4.300 256.974 5.588
202003 3.319 258.115 4.294
202006 2.872 257.797 3.720
202009 3.050 260.280 3.913
202012 1.581 260.474 2.027
202103 1.689 264.877 2.129
202106 2.419 271.696 2.973
202109 2.650 274.310 3.226
202112 2.543 278.802 3.046
202203 2.469 287.504 2.868
202206 2.492 296.311 2.809
202209 2.613 296.808 2.940
202212 3.312 296.797 3.727
202303 2.877 301.836 3.183
202306 2.920 305.109 3.196
202309 2.779 307.789 3.015
202312 2.345 306.746 2.553
202403 1.715 312.332 1.834
202406 1.516 314.175 1.611
202409 0.976 315.301 1.034
202412 0.959 315.605 1.015
202503 1.688 319.799 1.763
202506 1.681 322.561 1.740
202509 1.901 324.800 1.955
202512 2.527 324.054 2.604
202603 2.455 330.213 2.483
202606 2.419 333.952 2.419

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 1.80 mean?
Quad/Graphics (QUAD) has a Cyclically Adjusted PB Ratio of 1.80 as of Aug. 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 Quad/Graphics and its competitors. This is 319% above median its historical median of 0.43. Over the past decade, Quad/Graphics' Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.88. According to the industry distribution chart, Quad/Graphics ranks #399 out of 716 companies in the Business Services industry, placing it in the top 55.7%.
Is Quad/Graphics' Cyclically Adjusted PB Ratio too high?
Quad/Graphics' current Cyclically Adjusted PB Ratio of 1.80 is 319% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.88. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. Quad/Graphics' value of 1.80 is 17.6% above this industry median. Based on the distribution chart, Quad/Graphics ranks #399 out of 716 companies in the Business Services industry, which is below the industry midpoint. Overall, Quad/Graphics has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quad/Graphics' Cyclically Adjusted PB Ratio compare to SPIR and BUUU?
According to the Business Services industry distribution chart, Quad/Graphics ranks #399 out of 716 companies for Cyclically Adjusted PB Ratio. This places Quad/Graphics in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. Quad/Graphics' value of 1.80 is 17.6% above this benchmark. Historically, Quad/Graphics' own Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.88 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.53, Quad/Graphics 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 716 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. Quad/Graphics's current Cyclically Adjusted PB Ratio of 1.80 is 17.6% 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 Quad/Graphics and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quad/Graphics's current Cyclically Adjusted PB Ratio is 1.80, which is 319% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quad/Graphics stock overvalued right now?
Based on GuruFocus' analysis, Quad/Graphics (QUAD) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.97, compared to a current price of $9.94 — trading 100% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.80, which is 319% above median its 10-year median of 0.43 and 17.6% above the Business Services industry median of 1.53. Quad/Graphics' overall GF Score™ is 54/100 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 Quad/Graphics (QUAD), the current Cyclically Adjusted PB Ratio is 1.80 as of Aug. 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 Quad/Graphics (QUAD) Overvalued in 2026?

Based on GuruFocus' analysis, Quad/Graphics stock appears to be overvalued. The current stock price of $9.94 is trading 100% above its estimated GF Value™ of $4.97. GuruFocus considers Quad/Graphics to be Significantly Overvalued.

Key valuation signals for QUAD:

  • Cyclically Adjusted PB Ratio: 1.80 (319% above median its 10-year median of 0.43)
  • GF Value™: $4.97 vs. price of $9.94 (100% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 17.6% above the Business Services median (#399 of 716)

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


Quad/Graphics Business Description

Other Exchanges QGU:Germany
Address N61 W23044 Harry\'s Way, Sussex, WI, USA, 53089-3995
Quad/Graphics Inc provides print and marketing services to help customers market their products, services, and contents. The company operates in the commercial segment of the printing industry. It operates through three divisions. The United States print and related services segment consists of the company's American operations. Besides the complete set of print and marketing solutions, this segment also manufactures ink. The international segment includes the company's printing business in Europe and Latin America and others countries. The corporate segment is engaged in the general and administrative activities as well as associated costs. The company almost generates all its revenue from the American domestic market..
54GF Score

Get the complete analysis for QUAD

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

$9.94
Price
$4.97
GF Value