Chubb (WBO:CHBB) Cyclically Adjusted PB Ratio: (As of Sep. 07, 2026)

Author: Vera Yuan Vera Yuan
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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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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.

What is Chubb Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chubb  (WBO:CHBB) 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.


Chubb Cyclically Adjusted PB Ratio Related Terms


Chubb Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chubb'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.

Chubb Cyclically Adjusted PB Ratio Chart

Chubb 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 1.84 1.97 1.90 2.20 2.34

Chubb 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 2.22 2.14 2.34 2.38 2.44

WBO:CHBB vs PGR, TRV, ALL: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Property & Casualty subindustry, Chubb'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.


Chubb Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Chubb's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Chubb 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.

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

For example, Chubb'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)
=169.65/108.5600*108.5600
=169.650

Current CPI (Jun. 2026) = 108.5600.

Chubb Quarterly Data

Book Value per Share CPI Adj_Book
201609 92.630 99.604 100.959
201612 98.214 99.380 107.287
201703 98.506 100.040 106.895
201706 96.289 100.285 104.234
201709 91.230 100.254 98.789
201712 93.224 100.213 100.989
201803 89.289 100.836 96.129
201806 94.134 101.435 100.746
201809 94.666 101.246 101.505
201812 96.307 100.906 103.612
201903 101.127 101.571 108.086
201906 104.400 102.044 111.067
201909 109.256 101.396 116.976
201912 110.179 101.063 118.352
202003 104.656 101.048 112.437
202006 107.734 100.743 116.093
202009 106.108 100.585 114.521
202012 108.402 100.241 117.399
202103 110.354 100.800 118.850
202106 113.630 101.352 121.711
202109 117.018 101.533 125.117
202112 123.887 101.776 132.145
202203 121.512 103.205 127.817
202206 116.798 104.783 121.008
202209 115.935 104.835 120.055
202212 115.028 104.666 119.307
202303 119.495 106.245 122.099
202306 118.833 106.576 121.046
202309 120.283 106.570 122.530
202312 134.646 106.461 137.300
202403 137.162 107.355 138.702
202406 140.332 107.991 141.072
202409 147.003 107.468 148.497
202412 152.582 107.128 154.621
202503 151.708 107.722 152.888
202506 150.919 108.075 151.596
202509 155.254 107.710 156.479
202512 161.054 107.200 163.097
202603 164.292 108.060 165.052
202606 169.650 108.560 169.650

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.


Chubb Business Description

Address Baerengasse 32, Zurich, CHE, CH-8001
ACE acquired Chubb in 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in over 50 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.