WERN (Werner Enterprises) Cyclically Adjusted PB Ratio: 1.88 (As of Jul. 25, 2026) — 23% Below Median

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WERN Werner Enterprises Inc WERN
85 GF Score
Price $42.42
GF Value $39.79
Valuation Fairly Valued
! 12 Warning Signs
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What is Werner Enterprises Cyclically Adjusted PB Ratio?

Werner Enterprises WERN -3.39% 85 Cyclically Adjusted PB Ratio is 1.88 as of Jul. 25, 2026, which is 23% below its 10-year median of 2.43. GuruFocus rates WERN with a GF Score™ of 85/100 and a GF Value™ of $39.79 (Fairly Valued). The stock has 12 warning signs investors should review. Among 738 Transportation companies, Werner Enterprises ranks worse than 68.43% on this metric.

As of today (2026-07-25), Werner Enterprises's current share price is $42.42. Werner Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $22.62. Werner Enterprises's Cyclically Adjusted PB Ratio for today is 1.88.

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

WERN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.43   Max: 3.5
Current: 1.88

During the past years, Werner Enterprises's highest Cyclically Adjusted PB Ratio was 3.50. The lowest was 1.11. And the median was 2.43.

WERN's Cyclically Adjusted PB Ratio is ranked worse than
68.43% of 738 companies
in the Transportation industry
Industry Median: 1.265 vs WERN: 1.88

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.

Werner Enterprises's adjusted book value per share data for the three months ended in Mar. 2026 was $22.564. 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 $22.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Werner Enterprises  (NAS:WERN) 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.


Werner Enterprises Cyclically Adjusted PB Ratio Related Terms


Werner Enterprises Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Werner Enterprises'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.

Werner Enterprises Cyclically Adjusted PB Ratio Chart

Werner Enterprises 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 2.99 2.26 2.18 1.72 1.36

Werner Enterprises 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 1.37 1.26 1.20 1.36 1.30

WERN vs ARCB, MRTN, HTLD: Cyclically Adjusted PB Ratio Comparison

For the Trucking subindustry, Werner Enterprises'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.


Werner Enterprises Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


WERN
85GF Score
Werner Enterprises Inc WERN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Werner Enterprises 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.

Werner Enterprises's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.42/22.62
=1.88

* 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.

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

For example, Werner Enterprises'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)
=22.564/330.2130*330.2130
=22.564

Current CPI (Mar. 2026) = 330.2130.

Werner Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.368 241.018 18.315
201609 13.578 241.428 18.571
201612 13.785 241.432 18.854
201703 13.990 243.801 18.949
201706 14.277 244.955 19.246
201709 14.529 246.819 19.438
201712 16.362 246.524 21.917
201803 16.743 249.554 22.155
201806 17.006 251.989 22.285
201809 17.466 252.439 22.847
201812 17.955 251.233 23.600
201903 18.249 254.202 23.706
201906 14.919 256.143 19.233
201909 15.386 256.759 19.788
201912 16.045 256.974 20.618
202003 15.951 258.115 20.407
202006 16.446 257.797 21.066
202009 17.079 260.280 21.668
202012 17.592 260.474 22.302
202103 18.077 264.877 22.536
202106 19.086 271.696 23.197
202109 19.535 274.310 23.516
202112 20.179 278.802 23.900
202203 20.620 287.504 23.683
202206 21.191 296.311 23.616
202209 21.939 296.808 24.408
202212 22.834 296.797 25.405
202303 23.203 301.836 25.384
202306 23.617 305.109 25.560
202309 23.855 307.789 25.593
202312 24.089 306.746 25.932
202403 23.938 312.332 25.308
202406 23.544 314.175 24.746
202409 23.436 315.301 24.544
202412 23.540 315.605 24.630
202503 23.193 319.799 23.948
202506 23.749 322.561 24.312
202509 23.326 324.800 23.715
202512 22.765 324.054 23.198
202603 22.564 330.213 22.564

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 1.88 mean?
Werner Enterprises (WERN) has a Cyclically Adjusted PB Ratio of 1.88 as of Jul. 25, 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 Werner Enterprises and its competitors. This is 23% below median its historical median of 2.43. Over the past decade, Werner Enterprises' Cyclically Adjusted PB Ratio has ranged from 1.11 to 3.50. According to the industry distribution chart, Werner Enterprises ranks #505 out of 738 companies in the Transportation industry, placing it in the top 68.4%.
Is Werner Enterprises' Cyclically Adjusted PB Ratio too high?
Werner Enterprises' current Cyclically Adjusted PB Ratio of 1.88 is 23% below median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 3.50. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. Werner Enterprises' value of 1.88 is 48.6% above this industry median. Based on the distribution chart, Werner Enterprises ranks #505 out of 738 companies in the Transportation industry, which is below the industry midpoint. Overall, Werner Enterprises has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Werner Enterprises' Cyclically Adjusted PB Ratio compare to ARCB and MRTN?
According to the Transportation industry distribution chart, Werner Enterprises ranks #505 out of 738 companies for Cyclically Adjusted PB Ratio. This places Werner Enterprises in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Werner Enterprises' value of 1.88 is 48.6% above this benchmark. Historically, Werner Enterprises' own Cyclically Adjusted PB Ratio has ranged from 1.11 to 3.50 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 1.27, Werner Enterprises 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 738 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. Werner Enterprises's current Cyclically Adjusted PB Ratio of 1.88 is 48.6% 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 Werner Enterprises 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. Werner Enterprises's current Cyclically Adjusted PB Ratio is 1.88, which is 23% below median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Werner Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Werner Enterprises (WERN) is currently considered Fairly Valued. The stock's GF Value™ is $39.79, compared to a current price of $42.42 — trading 6.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.88, which is 23% below median its 10-year median of 2.43 and 48.6% above the Transportation industry median of 1.27. Werner Enterprises' overall GF Score™ is 85/100 with 12 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 Werner Enterprises (WERN), the current Cyclically Adjusted PB Ratio is 1.88 as of Jul. 25, 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 Werner Enterprises (WERN) Overvalued in 2026?

Based on GuruFocus' analysis, Werner Enterprises stock appears to be overvalued. The current stock price of $42.42 is trading 6.6% above its estimated GF Value™ of $39.79. GuruFocus considers Werner Enterprises to be Fairly Valued.

Key valuation signals for WERN:

  • Cyclically Adjusted PB Ratio: 1.88 (23% below median its 10-year median of 2.43)
  • GF Value™: $39.79 vs. price of $42.42 (6.6% above fair value)
  • GF Score™: 85/100 with 12 warning signs
  • Industry Position: 48.6% above the Transportation median (#505 of 738)

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


Werner Enterprises Business Description

Other Exchanges WE1:Germany
Address 14507 Frontier Road, Post Office Box 45308, Omaha, NE, USA, 68145-0308
Werner Enterprises Inc is a transportation and logistics company engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The company has two reportable segments - Truckload Transportation Services and Werner Logistics. It derives majority of its revenue from full-truckload transportation services and geographically from United States.
85GF Score

Get the complete analysis for WERN

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

$42.42
Price
$39.79
GF Value