Ameriprise Financial (STU:A4S) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

STU:A4S Ameriprise Financial Inc STU:A4S
90 GF Score
Price €472.80
GF Value €498.98
Valuation Fairly Valued
! 3 Warning Signs
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What is Ameriprise Financial Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ameriprise Financial  (STU:A4S) 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.


Ameriprise Financial Cyclically Adjusted PB Ratio Related Terms


Ameriprise Financial Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ameriprise Financial'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.

Ameriprise Financial Cyclically Adjusted PB Ratio Chart

Ameriprise Financial 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 5.99 6.24 7.17 10.52 8.45

Ameriprise Financial 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 9.23 8.60 8.56 7.62 7.84

STU:A4S vs STT, RJF, NTRS: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Ameriprise Financial'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.


Ameriprise Financial Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Ameriprise Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:A4S
90GF Score
Ameriprise Financial Inc STU:A4S
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ameriprise Financial 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.

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

For example, Ameriprise Financial'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)
=62.953/333.9520*333.9520
=62.953

Current CPI (Jun. 2026) = 333.9520.

Ameriprise Financial Quarterly Data

Book Value per Share CPI Adj_Book
201609 38.154 241.428 52.776
201612 38.546 241.432 53.317
201703 38.056 243.801 52.128
201706 36.457 244.955 49.703
201709 35.954 246.819 48.647
201712 34.047 246.524 46.122
201803 32.744 249.554 43.818
201806 33.918 251.989 44.950
201809 34.593 252.439 45.763
201812 35.856 251.233 47.662
201903 38.781 254.202 50.948
201906 40.330 256.143 52.581
201909 43.176 256.759 56.157
201912 41.180 256.974 53.516
202003 49.861 258.115 64.511
202006 47.985 257.797 62.160
202009 43.612 260.280 55.956
202012 41.066 260.474 52.650
202103 40.361 264.877 50.886
202106 41.949 271.696 51.561
202109 43.811 274.310 53.337
202112 47.124 278.802 56.446
202203 40.880 287.504 47.484
202206 37.965 296.311 42.788
202209 31.161 296.808 35.061
202212 33.847 296.797 38.084
202303 36.550 301.836 40.439
202306 36.381 305.109 39.820
202309 35.635 307.789 38.664
202312 42.736 306.746 46.526
202403 45.337 312.332 48.475
202406 47.328 314.175 50.307
202409 52.672 315.301 55.788
202412 52.500 315.605 55.552
202503 52.578 319.799 54.905
202506 54.881 322.561 56.819
202509 58.990 324.800 60.652
202512 61.100 324.054 62.966
202603 59.851 330.213 60.529
202606 62.953 333.952 62.953

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 Ameriprise Financial (STU:A4S) Overvalued in 2026?

Based on GuruFocus' analysis, Ameriprise Financial stock appears to be undervalued. The current stock price of €472.80 is trading 5.2% below its estimated GF Value™ of €498.98. GuruFocus considers Ameriprise Financial to be Fairly Valued.

Key valuation signals for STU:A4S:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €498.98 vs. price of €472.80 (5.2% below fair value)
  • GF Score™: 90/100 with 3 warning signs

No single metric tells the full story. See the STU:A4S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ameriprise Financial Business Description

Address 1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474
Ameriprise Financial has evolved into a diversified financial services provider that generates roughly 65% of its operating profit from advice and wealth management. With nearly $1.2 trillion in segment assets under management and advisory at year-end 2025, and with roughly 10,600 affiliated and employee advisors, Ameriprise is one of the larger US-based wealth managers. It also boasts a reasonably large asset management franchise in Columbia Threadneedle, which boasted $678 billion in assets under management at year-end 2025. The firm's third segment is its retirement and protection services business, which sells insurance products to the firm's advisory clients. After eliminations, Ameriprise had $1.69 trillion in assets under management and advisory across segments at year-end 2025.
90GF Score

Get the complete analysis for STU:A4S

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

€472.80
Price
€498.98
GF Value