TRN (Trinity Industries) Cyclically Adjusted PB Ratio: 1.42 (As of Aug. 08, 2026) — 15% Above Median

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TRN Trinity Industries Inc TRN
71 GF Score
Price $29.90
GF Value $21.45
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Trinity Industries Cyclically Adjusted PB Ratio?

Trinity Industries TRN -3.45% 71 Cyclically Adjusted PB Ratio is 1.42 as of Aug. 08, 2026, which is 15% above its 10-year median of 1.23. GuruFocus rates TRN with a GF Score™ of 71/100 and a GF Value™ of $21.45 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 734 Transportation companies, Trinity Industries ranks worse than 57.63% on this metric.

As of today (2026-08-08), Trinity Industries's current share price is $29.90. Trinity Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $21.09. Trinity Industries's Cyclically Adjusted PB Ratio for today is 1.42.

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

TRN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.23   Max: 1.77
Current: 1.42

During the past years, Trinity Industries's highest Cyclically Adjusted PB Ratio was 1.77. The lowest was 0.74. And the median was 1.23.

TRN's Cyclically Adjusted PB Ratio is ranked worse than
57.63% of 734 companies
in the Transportation industry
Industry Median: 1.27 vs TRN: 1.42

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.

Trinity Industries's adjusted book value per share data for the three months ended in Jun. 2026 was $14.341. 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 $21.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trinity Industries  (NYSE:TRN) 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.


Trinity Industries Cyclically Adjusted PB Ratio Related Terms


Trinity Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trinity Industries'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.

Trinity Industries Cyclically Adjusted PB Ratio Chart

Trinity Industries 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 1.38 1.29 1.15 1.55 1.23

Trinity Industries 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 1.21 1.28 1.23 1.51 1.64

TRN vs GBX, FSTR, RAIL: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, Trinity Industries'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.


Trinity Industries Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


TRN
71GF Score
Trinity Industries Inc TRN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Trinity Industries 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.

Trinity Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.90/21.09
=1.42

* 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.

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

For example, Trinity Industries'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)
=14.341/333.9520*333.9520
=14.341

Current CPI (Jun. 2026) = 333.9520.

Trinity Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.371 241.428 35.094
201612 25.746 241.432 35.612
201703 25.999 243.801 35.613
201706 25.973 244.955 35.410
201709 26.358 246.819 35.663
201712 29.828 246.524 40.406
201803 30.011 249.554 40.161
201806 29.232 251.989 38.740
201809 29.034 252.439 38.409
201812 16.585 251.233 22.046
201903 16.613 254.202 21.825
201906 17.049 256.143 22.228
201909 17.215 256.759 22.391
201912 16.960 256.974 22.040
202003 17.880 258.115 23.133
202006 15.947 257.797 20.658
202009 15.927 260.280 20.435
202012 15.637 260.474 20.048
202103 15.413 264.877 19.432
202106 13.885 271.696 17.067
202109 13.679 274.310 16.653
202112 12.363 278.802 14.809
202203 12.389 287.504 14.391
202206 12.151 296.311 13.695
202209 12.342 296.808 13.887
202212 12.483 296.797 14.046
202303 12.259 301.836 13.563
202306 12.159 305.109 13.308
202309 12.235 307.789 13.275
202312 12.678 306.746 13.802
202403 12.818 312.332 13.705
202406 12.931 314.175 13.745
202409 12.825 315.301 13.584
202412 12.945 315.605 13.698
202503 12.875 319.799 13.445
202506 12.473 322.561 12.913
202509 12.358 324.800 12.706
202512 13.499 324.054 13.911
202603 13.553 330.213 13.706
202606 14.341 333.952 14.341

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 1.42 mean?
Trinity Industries (TRN) has a Cyclically Adjusted PB Ratio of 1.42 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 Trinity Industries and its competitors. This is 15% above median its historical median of 1.23. Over the past decade, Trinity Industries' Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.77. According to the industry distribution chart, Trinity Industries ranks #423 out of 734 companies in the Transportation industry, placing it in the top 57.6%.
Is Trinity Industries' Cyclically Adjusted PB Ratio too high?
Trinity Industries' current Cyclically Adjusted PB Ratio of 1.42 is 15% above median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.77. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Trinity Industries' value of 1.42 is 11.8% above this industry median. Based on the distribution chart, Trinity Industries ranks #423 out of 734 companies in the Transportation industry, which is below the industry midpoint. Overall, Trinity Industries has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trinity Industries' Cyclically Adjusted PB Ratio compare to GBX and FSTR?
According to the Transportation industry distribution chart, Trinity Industries ranks #423 out of 734 companies for Cyclically Adjusted PB Ratio. This places Trinity Industries in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Trinity Industries' value of 1.42 is 11.8% above this benchmark. Historically, Trinity Industries' own Cyclically Adjusted PB Ratio has ranged from 0.74 to 1.77 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 1.27, Trinity Industries 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 734 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. Trinity Industries's current Cyclically Adjusted PB Ratio of 1.42 is 11.8% 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 Trinity Industries and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinity Industries's current Cyclically Adjusted PB Ratio is 1.42, which is 15% above median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Industries stock overvalued right now?
Based on GuruFocus' analysis, Trinity Industries (TRN) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.45, compared to a current price of $29.90 — trading 39.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.42, which is 15% above median its 10-year median of 1.23 and 11.8% above the Transportation industry median of 1.27. Trinity Industries' overall GF Score™ is 71/100 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 Trinity Industries (TRN), the current Cyclically Adjusted PB Ratio is 1.42 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 Trinity Industries (TRN) Overvalued in 2026?

Based on GuruFocus' analysis, Trinity Industries stock appears to be overvalued. The current stock price of $29.90 is trading 39.4% above its estimated GF Value™ of $21.45. GuruFocus considers Trinity Industries to be Significantly Overvalued.

Key valuation signals for TRN:

  • Cyclically Adjusted PB Ratio: 1.42 (15% above median its 10-year median of 1.23)
  • GF Value™: $21.45 vs. price of $29.90 (39.4% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 11.8% above the Transportation median (#423 of 734)

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


Trinity Industries Business Description

Other Exchanges TTA:Germany
Address 14221 North Dallas Parkway, Suite 1100, Dallas, TX, USA, 75254-2957
Trinity Industries Inc sells and leases railroad products and railcar maintenance services in North America. The company operates under the name TrinityRail in two main segments: railcar leasing and management services, which owns railcars and provides fleet management and administration services; rail products, which builds, sells, and modifies freight and tank railcars and their components; and all other, which sells highway products such as guardrail and other highway barriers. Customers include railroads, leasing companies, and shipping companies in agriculture, construction, consumer products, energy, and chemicals.
71GF Score

Get the complete analysis for TRN

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

$29.90
Price
$21.45
GF Value