Chubb (STU:AEX) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

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.
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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.

STU:AEX Chubb Ltd STU:AEX
78 GF Score
Price €319.20
GF Value €256.28
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Chubb Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chubb  (STU:AEX) 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.


Chubb Cyclically Adjusted PB Ratio Related Terms


Chubb Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chubb'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.

Chubb Cyclically Adjusted PB Ratio Chart

Chubb 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 1.84 1.97 1.90 2.20 2.34

Chubb 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 2.22 2.14 2.34 2.38 0.00

STU:AEX vs PGR, TRV, ALL: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Property & Casualty subindustry, Chubb'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.


Chubb Cyclically Adjusted PB Ratio vs Insurance Industry

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

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


STU:AEX
78GF Score
Chubb Ltd STU:AEX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chubb 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.

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

For example, Chubb'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)
=168.677/108.5400*108.5400
=168.677

Current CPI (Jun. 2026) = 108.5400.

Chubb Quarterly Data

Book Value per Share CPI Adj_Book
201609 92.630 99.604 100.940
201612 98.214 99.380 107.267
201703 98.506 100.040 106.876
201706 96.289 100.285 104.215
201709 91.230 100.254 98.771
201712 93.224 100.213 100.970
201803 89.289 100.836 96.111
201806 94.134 101.435 100.728
201809 94.666 101.246 101.486
201812 96.307 100.906 103.593
201903 101.127 101.571 108.066
201906 104.400 102.044 111.046
201909 109.256 101.396 116.954
201912 110.179 101.063 118.330
202003 104.656 101.048 112.416
202006 107.734 100.743 116.072
202009 106.108 100.585 114.500
202012 108.402 100.241 117.377
202103 110.354 100.800 118.828
202106 113.630 101.352 121.689
202109 117.018 101.533 125.094
202112 123.887 101.776 132.121
202203 121.512 103.205 127.793
202206 116.798 104.783 120.986
202209 115.935 104.835 120.033
202212 115.028 104.666 119.285
202303 119.495 106.245 122.077
202306 118.833 106.576 121.023
202309 120.283 106.570 122.507
202312 134.646 106.461 137.275
202403 137.162 107.355 138.676
202406 140.332 107.991 141.046
202409 147.003 107.468 148.470
202412 152.582 107.128 154.593
202503 151.708 107.722 152.859
202506 150.919 108.075 151.568
202509 155.254 107.710 156.450
202512 161.054 107.200 163.067
202603 164.292 108.060 165.022
202606 168.677 108.540 168.677

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 Chubb (STU:AEX) Overvalued in 2026?

Based on GuruFocus' analysis, Chubb stock appears to be overvalued. The current stock price of €319.20 is trading 24.6% above its estimated GF Value™ of €256.28. GuruFocus considers Chubb to be Modestly Overvalued.

Key valuation signals for STU:AEX:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €256.28 vs. price of €319.20 (24.6% above fair value)
  • GF Score™: 78/100 with 6 warning signs

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


Chubb Business Description

Address Baerengasse 32, Zurich, CHE, CH-8001
ACE acquired Chubb in 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in over 50 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.
78GF Score

Get the complete analysis for STU:AEX

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

€319.20
Price
€256.28
GF Value