Pitney Bowes (STU:PBW) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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.
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.

STU:PBW Pitney Bowes Inc STU:PBW
62 GF Score
Price €14.63
GF Value €8.39
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Pitney Bowes Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pitney Bowes  (STU:PBW) 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.


Pitney Bowes Cyclically Adjusted PB Ratio Related Terms


Pitney Bowes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pitney Bowes'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.

Pitney Bowes Cyclically Adjusted PB Ratio Chart

Pitney Bowes 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 4.84 3.17 5.52 30.86 -

Pitney Bowes 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 50.27 315.00 - - -

STU:PBW vs HUBG, CYRX, FWRD: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, Pitney Bowes'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.


Pitney Bowes Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


STU:PBW
62GF Score
Pitney Bowes Inc STU:PBW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pitney Bowes 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.

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

For example, Pitney Bowes'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)
=-5.509/333.9520*333.9520
=-5.509

Current CPI (Jun. 2026) = 333.9520.

Pitney Bowes Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.044 241.428 2.827
201612 -0.532 241.432 -0.736
201703 -0.235 243.801 -0.322
201706 0.136 244.955 0.185
201709 0.455 246.819 0.616
201712 0.840 246.524 1.138
201803 0.932 249.554 1.247
201806 0.894 251.989 1.185
201809 1.153 252.439 1.525
201812 0.473 251.233 0.629
201903 0.419 254.202 0.550
201906 0.272 256.143 0.355
201909 0.137 256.759 0.178
201912 1.495 256.974 1.943
202003 0.156 258.115 0.202
202006 0.231 257.797 0.299
202009 0.392 260.280 0.503
202012 0.368 260.474 0.472
202103 0.094 264.877 0.119
202106 0.258 271.696 0.317
202109 0.241 274.310 0.293
202112 0.567 278.802 0.679
202203 0.481 287.504 0.559
202206 0.243 296.311 0.274
202209 -0.049 296.808 -0.055
202212 0.327 296.797 0.368
202303 0.314 301.836 0.347
202306 -0.394 305.109 -0.431
202309 -0.670 307.789 -0.727
202312 -1.892 306.746 -2.060
202403 -2.045 312.332 -2.187
202406 -2.229 314.175 -2.369
202409 -2.564 315.301 -2.716
202412 -3.062 315.605 -3.240
202503 -2.718 319.799 -2.838
202506 -2.610 322.561 -2.702
202509 -3.456 324.800 -3.553
202512 -4.533 324.054 -4.671
202603 -5.603 330.213 -5.666
202606 -5.509 333.952 -5.509

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 Pitney Bowes (STU:PBW) Overvalued in 2026?

Based on GuruFocus' analysis, Pitney Bowes stock appears to be overvalued. The current stock price of €14.63 is trading 74.3% above its estimated GF Value™ of €8.39. GuruFocus considers Pitney Bowes to be Significantly Overvalued.

Key valuation signals for STU:PBW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €8.39 vs. price of €14.63 (74.3% above fair value)
  • GF Score™: 62/100 with 4 warning signs

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


Pitney Bowes Business Description

Other Exchanges PBI:USAPBI:Argentina
Address 27 Waterview Drive, Shelton, CT, USA, 06484
Pitney Bowes Inc is a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the globe. The company's reportable segments are SendTech Solutions and Presort Services. SendTech Solutions includes the revenue and related expenses from physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. Presort Services includes the revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail and Marketing Mail Flats/Bound Printed Matter for postal work sharing discounts. It derives maximum revenue from SendTech Solutions.
62GF Score

Get the complete analysis for STU:PBW

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

€14.63
Price
€8.39
GF Value