CSX (UKEX:CSX) Cyclically Adjusted PB Ratio: 6.12 (As of Jul. 16, 2026) — Near Median

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.

UKEX:CSX CSX Corp UKEX:CSX
86 GF Score
Price ₴1,218.00
GF Value ₴881.90
! 10 Warning Signs
View Full Analysis

What is CSX Cyclically Adjusted PB Ratio?

CSX UKEX:CSX 86 Cyclically Adjusted PB Ratio is 6.12 as of Jul. 16, 2026, which is 7% above its 10-year median of 5.70. GuruFocus rates UKEX:CSX with a GF Score™ of 86/100 and a GF Value™ of ₴881.90. The stock has 10 warning signs investors should review. Among 737 Transportation companies, CSX ranks worse than 94.57% on this metric.

As of today (2026-07-16), CSX's current share price is ₴1218.00. CSX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₴199.09. CSX's Cyclically Adjusted PB Ratio for today is 6.12.

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

UKEX:CSX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.98   Med: 5.7   Max: 7.65
Current: 7.36

During the past years, CSX's highest Cyclically Adjusted PB Ratio was 7.65. The lowest was 2.98. And the median was 5.70.

UKEX:CSX's Cyclically Adjusted PB Ratio is ranked worse than
94.57% of 737 companies
in the Transportation industry
Industry Median: 1.24 vs UKEX:CSX: 7.36

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.

CSX's adjusted book value per share data for the three months ended in Mar. 2026 was ₴326.014. 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 ₴199.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSX  (UKEX:CSX) 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.


CSX Cyclically Adjusted PB Ratio Related Terms


CSX Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CSX'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.

CSX Cyclically Adjusted PB Ratio Chart

CSX 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 7.58 5.61 5.88 5.17 5.54

CSX Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.63 5.07 5.44 5.54 6.12

UKEX:CSX vs NSC, WAB, UNP: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, CSX'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.


CSX Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


UKEX:CSX
86GF Score
CSX Corp UKEX:CSX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSX 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.

CSX's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1218.00/199.09
=6.12

* 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.

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

For example, CSX's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=326.014/330.2130*330.2130
=326.014

Current CPI (Mar. 2026) = 330.2130.

CSX Quarterly Data

Book Value per Share CPI Adj_Book
201606 182.588 241.018 250.159
201609 185.106 241.428 253.179
201612 187.202 241.432 256.041
201703 187.909 243.801 254.511
201706 188.714 244.955 254.397
201709 181.200 246.819 242.423
201712 245.770 246.524 329.203
201803 244.325 249.554 323.294
201806 242.640 251.989 317.962
201809 241.667 252.439 316.122
201812 228.451 251.233 300.269
201903 228.464 254.202 296.779
201906 228.777 256.143 294.933
201909 225.575 256.759 290.108
201912 227.992 256.974 292.971
202003 230.682 258.115 295.117
202006 236.232 257.797 302.590
202009 247.268 260.280 313.705
202012 255.407 260.474 323.789
202103 258.277 264.877 321.985
202106 265.749 271.696 322.985
202109 264.832 274.310 318.803
202112 273.381 278.802 323.792
202203 270.589 287.504 310.785
202206 273.657 296.311 304.967
202209 273.257 296.808 304.011
202212 272.478 296.797 303.156
202303 270.550 301.836 295.986
202306 272.908 305.109 295.363
202309 269.853 307.789 289.513
202312 272.975 306.746 293.858
202403 287.548 312.332 304.010
202406 290.387 314.175 305.211
202409 299.230 315.301 313.382
202412 293.601 315.605 307.191
202503 289.097 319.799 298.511
202506 296.145 322.561 303.170
202509 305.615 324.800 310.708
202512 315.655 324.054 321.654
202603 326.014 330.213 326.014

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 6.12 mean?
CSX (UKEX:CSX) has a Cyclically Adjusted PB Ratio of 6.12 as of Jul. 16, 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 CSX and its competitors. This is near median its historical median of 5.70. Over the past decade, CSX's Cyclically Adjusted PB Ratio has ranged from 2.98 to 7.65. According to the industry distribution chart, CSX ranks #697 out of 737 companies in the Transportation industry, placing it in the top 94.6%.
Is CSX's Cyclically Adjusted PB Ratio too high?
CSX's current Cyclically Adjusted PB Ratio of 6.12 is near median its 10-year median of 5.70. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 7.65. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. CSX's value of 6.12 is 393.5% above this industry median. Based on the distribution chart, CSX ranks #697 out of 737 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, CSX has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does CSX's Cyclically Adjusted PB Ratio compare to NSC and WAB?
According to the Transportation industry distribution chart, CSX ranks #697 out of 737 companies for Cyclically Adjusted PB Ratio. This places CSX in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. CSX's value of 6.12 is 393.5% above this benchmark. Historically, CSX's own Cyclically Adjusted PB Ratio has ranged from 2.98 to 7.65 over the past decade. While the company's 10-year median is 5.70 vs. the industry median of 1.24, CSX 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 1.24, based on 737 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. CSX's current Cyclically Adjusted PB Ratio of 6.12 is 393.5% 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 CSX and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSX's current Cyclically Adjusted PB Ratio is 6.12, which is near median its own 10-year median of 5.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSX stock overvalued right now?
CSX (UKEX:CSX) has a current Cyclically Adjusted PB Ratio of 6.12. The stock's GF Value™ is ₴881.90, compared to a current price of ₴1,218.00 — trading 38.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.12, which is near median its 10-year median of 5.70 and 393.5% above the Transportation industry median of 1.24. CSX's overall GF Score™ is 86/100 with 10 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 CSX (UKEX:CSX), the current Cyclically Adjusted PB Ratio is 6.12 as of Jul. 16, 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 CSX (UKEX:CSX) Overvalued in 2026?

Based on GuruFocus' analysis, CSX stock appears to be overvalued. The current stock price of ₴1,218.00 is trading 38.1% above its estimated GF Value™ of ₴881.90.

Key valuation signals for UKEX:CSX:

  • Cyclically Adjusted PB Ratio: 6.12 (near median its 10-year median of 5.70)
  • GF Value™: ₴881.90 vs. price of ₴1,218.00 (38.1% above fair value)
  • GF Score™: 86/100 with 10 warning signs
  • Industry Position: 393.5% above the Transportation median (#697 of 737)

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


CSX Business Description

Address 500 Water Street, 15th Floor, Jacksonville, FL, USA, 32202
Operating in the Eastern United States, Class I railroad CSX generated revenue of nearly $14 billion in 2025. On its more than 21,000 miles of track, CSX hauls shipments of coal (16% of consolidated revenue), chemicals (17%), intermodal containers (16%), automotive cargo (7%), and a diverse mix of other bulk and industrial merchandise.
86GF Score

Get the complete analysis for UKEX:CSX

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

₴1,218.00
Price
₴881.90
GF Value