Ball (WBO:BLL) Cyclically Adjusted PB Ratio: 4.03 (As of Jul. 16, 2026) — 46% Below Median

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WBO:BLL Ball Corp WBO:BLL
77 GF Score
Price €52.80
GF Value €63.93
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ball Cyclically Adjusted PB Ratio?

Ball WBO:BLL -1.20% 77 Cyclically Adjusted PB Ratio is 4.03 as of Jul. 16, 2026, which is 46% below its 10-year median of 7.53. GuruFocus rates WBO:BLL with a GF Score™ of 77/100 and a GF Value™ of €63.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 315 Packaging & Containers companies, Ball ranks worse than 87.62% on this metric.

As of today (2026-07-16), Ball's current share price is €52.80. Ball's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €13.10. Ball's Cyclically Adjusted PB Ratio for today is 4.03.

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

WBO:BLL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.3   Med: 7.53   Max: 13.35
Current: 3.99

During the past years, Ball's highest Cyclically Adjusted PB Ratio was 13.35. The lowest was 3.30. And the median was 7.53.

WBO:BLL's Cyclically Adjusted PB Ratio is ranked worse than
87.62% of 315 companies
in the Packaging & Containers industry
Industry Median: 1.18 vs WBO:BLL: 3.99

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.

Ball's adjusted book value per share data for the three months ended in Mar. 2026 was €18.199. 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 €13.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ball  (WBO:BLL) 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.


Ball Cyclically Adjusted PB Ratio Related Terms


Ball Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ball'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.

Ball Cyclically Adjusted PB Ratio Chart

Ball 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 11.26 5.25 5.34 4.32 3.64

Ball 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 3.91 4.08 3.54 3.64 3.88

WBO:BLL vs AMCR, AVY, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Ball'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.


Ball Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ball's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


WBO:BLL
77GF Score
Ball Corp WBO:BLL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ball 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.80/13.10
=4.03

* 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.

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

For example, Ball'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)
=18.199/330.2130*330.2130
=18.199

Current CPI (Mar. 2026) = 330.2130.

Ball Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.696 241.018 16.024
201609 9.466 241.428 12.947
201612 9.311 241.432 12.735
201703 9.645 243.801 13.064
201706 9.123 244.955 12.298
201709 8.463 246.819 11.322
201712 9.518 246.524 12.749
201803 9.340 249.554 12.359
201806 9.604 251.989 12.585
201809 9.157 252.439 11.978
201812 9.066 251.233 11.916
201903 9.383 254.202 12.189
201906 9.228 256.143 11.897
201909 9.340 256.759 12.012
201912 8.176 256.974 10.506
202003 7.303 258.115 9.343
202006 7.515 257.797 9.626
202009 7.493 260.280 9.506
202012 8.218 260.474 10.418
202103 8.940 264.877 11.145
202106 9.243 271.696 11.234
202109 9.693 274.310 11.668
202112 10.005 278.802 11.850
202203 11.039 287.504 12.679
202206 10.424 296.311 11.617
202209 11.196 296.808 12.456
202212 10.401 296.797 11.572
202303 10.808 301.836 11.824
202306 11.242 305.109 12.167
202309 11.705 307.789 12.558
202312 10.948 306.746 11.786
202403 21.479 312.332 22.709
202406 20.990 314.175 22.061
202409 20.068 315.301 21.017
202412 19.346 315.605 20.241
202503 18.208 319.799 18.801
202506 16.591 322.561 16.985
202509 17.205 324.800 17.492
202512 17.445 324.054 17.777
202603 18.199 330.213 18.199

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 4.03 mean?
Ball (WBO:BLL) has a Cyclically Adjusted PB Ratio of 4.03 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 Ball and its competitors. This is 46% below median its historical median of 7.53. Over the past decade, Ball's Cyclically Adjusted PB Ratio has ranged from 3.30 to 13.35. According to the industry distribution chart, Ball ranks #276 out of 315 companies in the Packaging & Containers industry, placing it in the top 87.6%.
Is Ball's Cyclically Adjusted PB Ratio too high?
Ball's current Cyclically Adjusted PB Ratio of 4.03 is 46% below median its 10-year median of 7.53. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 13.35. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.18. Ball's value of 4.03 is 241.5% above this industry median. Based on the distribution chart, Ball ranks #276 out of 315 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Ball has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ball's Cyclically Adjusted PB Ratio compare to AMCR and AVY?
According to the Packaging & Containers industry distribution chart, Ball ranks #276 out of 315 companies for Cyclically Adjusted PB Ratio. This places Ball in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Ball's value of 4.03 is 241.5% above this benchmark. Historically, Ball's own Cyclically Adjusted PB Ratio has ranged from 3.30 to 13.35 over the past decade. While the company's 10-year median is 7.53 vs. the industry median of 1.18, Ball 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.18, based on 315 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. Ball's current Cyclically Adjusted PB Ratio of 4.03 is 241.5% 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 Ball and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ball's current Cyclically Adjusted PB Ratio is 4.03, which is 46% below median its own 10-year median of 7.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ball stock overvalued right now?
Based on GuruFocus' analysis, Ball (WBO:BLL) is currently considered Modestly Undervalued. The stock's GF Value™ is €63.93, compared to a current price of €52.80 — trading 17.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.03, which is 46% below median its 10-year median of 7.53 and 241.5% above the Packaging & Containers industry median of 1.18. Ball's overall GF Score™ is 77/100 with 2 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 Ball (WBO:BLL), the current Cyclically Adjusted PB Ratio is 4.03 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 Ball (WBO:BLL) Overvalued in 2026?

Based on GuruFocus' analysis, Ball stock appears to be undervalued. The current stock price of €52.80 is trading 17.4% below its estimated GF Value™ of €63.93. GuruFocus considers Ball to be Modestly Undervalued.

Key valuation signals for WBO:BLL:

  • Cyclically Adjusted PB Ratio: 4.03 (46% below median its 10-year median of 7.53)
  • GF Value™: €63.93 vs. price of €52.80 (17.4% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 241.5% above the Packaging & Containers median (#276 of 315)

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


Ball Business Description

Other Exchanges BALL:USA0HL5:UKBL8:Germany
Address 9200 West 108th Circle, Westminster, CO, USA, 80021
Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (48% of 2025 revenue), beverage packaging, EMEA (30%), beverage packaging, South America (16%)—and it generated $13 billion in revenue in 2025.
77GF Score

Get the complete analysis for WBO:BLL

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

€52.80
Price
€63.93
GF Value