R (Ryder System) Cyclically Adjusted PB Ratio: 3.98 (As of Aug. 08, 2026) — 105% Above 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.

R Ryder System Inc R
83 GF Score
Price $262.19
GF Value $176.08
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Ryder System Cyclically Adjusted PB Ratio?

Ryder System R -0.04% 83 Cyclically Adjusted PB Ratio is 3.98 as of Aug. 08, 2026, which is 105% above its 10-year median of 1.94. GuruFocus rates R with a GF Score™ of 83/100 and a GF Value™ of $176.08 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 729 Business Services companies, Ryder System ranks worse than 81.76% on this metric.

As of today (2026-08-08), Ryder System's current share price is $262.19. Ryder System's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $65.89. Ryder System's Cyclically Adjusted PB Ratio for today is 3.98.

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

R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.94   Max: 4.34
Current: 3.98

During the past years, Ryder System's highest Cyclically Adjusted PB Ratio was 4.34. The lowest was 0.57. And the median was 1.94.

R's Cyclically Adjusted PB Ratio is ranked worse than
81.76% of 729 companies
in the Business Services industry
Industry Median: 1.54 vs R: 3.98

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.

Ryder System's adjusted book value per share data for the three months ended in Jun. 2026 was $75.078. 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 $65.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ryder System  (NYSE:R) 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.


Ryder System Cyclically Adjusted PB Ratio Related Terms


Ryder System Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ryder System'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.

Ryder System Cyclically Adjusted PB Ratio Chart

Ryder System 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 1.83 1.66 2.11 2.68 3.04

Ryder System 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 2.59 3.02 3.04 3.17 4.00

R vs UHAL, GATX, CAR: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, Ryder System'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.


Ryder System Cyclically Adjusted PB Ratio vs Business Services Industry

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

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


R
83GF Score
Ryder System Inc R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ryder System 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.

Ryder System's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=262.19/65.89
=3.98

* 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.

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

For example, Ryder System'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)
=75.078/333.9520*333.9520
=75.078

Current CPI (Jun. 2026) = 333.9520.

Ryder System Quarterly Data

Book Value per Share CPI Adj_Book
201609 39.220 241.428 54.251
201612 38.387 241.432 53.097
201703 38.831 243.801 53.190
201706 39.750 244.955 54.192
201709 41.079 246.819 55.581
201712 53.662 246.524 72.693
201803 53.843 249.554 72.052
201806 53.515 251.989 70.922
201809 54.973 252.439 72.724
201812 47.755 251.233 63.478
201903 48.158 254.202 63.266
201906 48.893 256.143 63.745
201909 46.480 256.759 60.454
201912 46.479 256.974 60.402
202003 41.736 258.115 53.998
202006 40.118 257.797 51.969
202009 39.907 260.280 51.203
202012 41.978 260.474 53.820
202103 42.318 264.877 53.354
202106 44.970 271.696 55.274
202109 46.815 274.310 56.994
202112 52.018 278.802 62.308
202203 51.789 287.504 60.156
202206 55.329 296.311 62.358
202209 59.914 296.808 67.412
202212 63.452 296.797 71.395
202303 64.635 301.836 71.512
202306 68.004 305.109 74.433
202309 69.875 307.789 75.815
202312 69.906 306.746 76.106
202403 69.931 312.332 74.772
202406 71.183 314.175 75.664
202409 72.263 315.301 76.538
202412 74.073 315.605 78.379
202503 72.640 319.799 75.855
202506 75.360 322.561 78.021
202509 76.628 324.800 78.787
202512 77.429 324.054 79.794
202603 73.867 330.213 74.703
202606 75.078 333.952 75.078

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 3.98 mean?
Ryder System (R) has a Cyclically Adjusted PB Ratio of 3.98 as of Aug. 08, 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 Ryder System and its competitors. This is 105% above median its historical median of 1.94. Over the past decade, Ryder System's Cyclically Adjusted PB Ratio has ranged from 0.57 to 4.34. According to the industry distribution chart, Ryder System ranks #596 out of 729 companies in the Business Services industry, placing it in the top 81.8%.
Is Ryder System's Cyclically Adjusted PB Ratio too high?
Ryder System's current Cyclically Adjusted PB Ratio of 3.98 is 105% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 4.34. The Business Services industry median Cyclically Adjusted PB Ratio is 1.54. Ryder System's value of 3.98 is 158.4% above this industry median. Based on the distribution chart, Ryder System ranks #596 out of 729 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Ryder System has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ryder System's Cyclically Adjusted PB Ratio compare to UHAL and GATX?
According to the Business Services industry distribution chart, Ryder System ranks #596 out of 729 companies for Cyclically Adjusted PB Ratio. This places Ryder System in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Ryder System's value of 3.98 is 158.4% above this benchmark. Historically, Ryder System's own Cyclically Adjusted PB Ratio has ranged from 0.57 to 4.34 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.54, Ryder System 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 1.54, based on 729 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. Ryder System's current Cyclically Adjusted PB Ratio of 3.98 is 158.4% 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 Ryder System and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ryder System's current Cyclically Adjusted PB Ratio is 3.98, which is 105% above median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryder System stock overvalued right now?
Based on GuruFocus' analysis, Ryder System (R) is currently considered Significantly Overvalued. The stock's GF Value™ is $176.08, compared to a current price of $262.19 — trading 48.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.98, which is 105% above median its 10-year median of 1.94 and 158.4% above the Business Services industry median of 1.54. Ryder System's overall GF Score™ is 83/100 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 Ryder System (R), the current Cyclically Adjusted PB Ratio is 3.98 as of Aug. 08, 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 Ryder System (R) Overvalued in 2026?

Based on GuruFocus' analysis, Ryder System stock appears to be overvalued. The current stock price of $262.19 is trading 48.9% above its estimated GF Value™ of $176.08. GuruFocus considers Ryder System to be Significantly Overvalued.

Key valuation signals for R:

  • Cyclically Adjusted PB Ratio: 3.98 (105% above median its 10-year median of 1.94)
  • GF Value™: $176.08 vs. price of $262.19 (48.9% above fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 158.4% above the Business Services median (#596 of 729)

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


Ryder System Business Description

Other Exchanges R1:MexicoRYD:Germany
Address 2333 Ponce de Leon Boulevard, Suite 700, Miami Coral Gables, FL, USA, 33134
Ryder System Inc operates in three business segments: (1) Fleet Management Solutions which provides full-service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers to customers; (2) Supply Chain Solutions (SCS), which provides integrated logistics solutions, including distribution management, dedicated transportation, transportation management, brokerage, e-commerce, last mile, and professional services; and (3) Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.
83GF Score

Get the complete analysis for R

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

$262.19
Price
$176.08
GF Value