UHAL (U-Haul Holding Co) 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.
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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.

UHAL U-Haul Holding Co UHAL
71 GF Score
Price $64.27
GF Value $67.54
Valuation Fairly Valued
! 6 Warning Signs
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What is U-Haul Holding Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


U-Haul Holding Co  (NYSE:UHAL) 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.


U-Haul Holding Co Cyclically Adjusted PB Ratio Related Terms


U-Haul Holding Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for U-Haul Holding Co'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.

U-Haul Holding Co Cyclically Adjusted PB Ratio Chart

U-Haul Holding Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.32 0.37 0.36 0.28

U-Haul Holding Co 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 0.32 0.30 0.27 0.26 0.36

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

For the Rental & Leasing Services subindustry, U-Haul Holding Co'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.


U-Haul Holding Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, U-Haul Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where U-Haul Holding Co's Cyclically Adjusted PB Ratio falls into.


UHAL
71GF Score
U-Haul Holding Co UHAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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U-Haul Holding Co 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.

U-Haul Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, U-Haul Holding Co'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)
=39.232/333.9520*333.9520
=39.232

Current CPI (Jun. 2026) = 333.9520.

U-Haul Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 133.361 241.428 184.470
201612 135.696 241.432 187.697
201703 133.607 243.801 183.011
201706 140.917 244.955 192.115
201709 147.514 246.819 199.590
201712 174.072 246.524 235.805
201803 173.845 249.554 232.639
201806 178.304 251.989 236.300
201809 185.292 252.439 245.123
201812 188.295 251.233 250.292
201903 188.312 254.202 247.391
201906 197.321 256.143 257.262
201909 206.962 256.759 269.184
201912 209.265 256.974 271.952
202003 215.257 258.115 278.502
202006 217.117 257.797 281.255
202009 234.888 260.280 301.373
202012 242.616 260.474 311.056
202103 247.447 264.877 311.977
202106 260.689 271.696 320.423
202109 283.290 274.310 344.884
202112 296.587 278.802 355.255
202203 300.150 287.504 348.641
202206 309.767 296.311 349.117
202209 321.973 296.808 362.266
202212 32.708 296.797 36.803
202303 33.171 301.836 36.700
202306 34.567 305.109 37.835
202309 35.855 307.789 38.903
202312 36.148 306.746 39.354
202403 36.580 312.332 39.112
202406 37.487 314.175 39.847
202409 38.349 315.301 40.617
202412 38.920 315.605 41.183
202503 38.241 319.799 39.933
202506 39.070 322.561 40.450
202509 39.616 324.800 40.732
202512 39.494 324.054 40.700
202603 38.820 330.213 39.260
202606 39.232 333.952 39.232

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 U-Haul Holding Co (UHAL) Overvalued in 2026?

Based on GuruFocus' analysis, U-Haul Holding Co stock appears to be undervalued. The current stock price of $64.27 is trading 4.8% below its estimated GF Value™ of $67.54. GuruFocus considers U-Haul Holding Co to be Fairly Valued.

Key valuation signals for UHAL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $67.54 vs. price of $64.27 (4.8% below fair value)
  • GF Score™: 71/100 with 6 warning signs

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


U-Haul Holding Co Business Description

Other Exchanges UHAL.B:USA
Address 5555 Kietzke Lane, Suite 100, Reno, NV, USA, 89511
U-Haul Holding Co is an American moving truck, trailer, and self-storage rental company. The company also provides moving boxes, packing supplies, LPG (propane) refills, trailer hitch and wiring installation, storage container rentals, and other services. It has three reportable segments Moving and Storage, Property and Casualty Insurance, and Life Insurance. The majority of its revenue comes from the Moving and Storage segment.
71GF Score

Get the complete analysis for UHAL

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

$64.27
Price
$67.54
GF Value