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Aerodrom Nikola Tesla adXBEL:AERO -4.26%82 Cyclically Adjusted PB Ratio is 1.84 as of Sep. 04, 2026, which is 4% below its 10-year median of 1.92. GuruFocus rates XBEL:AERO with a GF Score™ of 82/100 and a GF Value™ of RSD2,508.78 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 698 Transportation companies, Aerodrom Nikola Tesla ad ranks worse than 67.77% on this metric.
The historical rank and industry rank for Aerodrom Nikola Tesla ad's Cyclically Adjusted PB Ratio or its related term are showing as below:
XBEL:AERO'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42 Med: 1.92 Max: 2.37
Current: 1.92
During the past years, Aerodrom Nikola Tesla ad's highest Cyclically Adjusted PB Ratio was 2.37. The lowest was 1.42. And the median was 1.92.
XBEL:AERO's Cyclically Adjusted PB Ratio is ranked worse than 67.77% of 698
companies
in the Transportation industry
Industry Median: 1.285
vs XBEL:AERO: 1.92
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.
Aerodrom Nikola Tesla ad's adjusted book value per share data for the three months ended in Jun. 2026 was RSD1,060.930. 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 RSD1,085.94 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Aerodrom Nikola Tesla ad (XBEL:AERO) 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.
Aerodrom Nikola Tesla ad Cyclically Adjusted PB Ratio Related Terms
Aerodrom Nikola Tesla ad Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Aerodrom Nikola Tesla ad'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.
Aerodrom Nikola Tesla ad Cyclically Adjusted PB Ratio Chart
XBEL:AERO vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison
For the Airports & Air Services subindustry, Aerodrom Nikola Tesla ad'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.
Aerodrom Nikola Tesla ad Cyclically Adjusted PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Aerodrom Nikola Tesla ad's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Aerodrom Nikola Tesla ad's Cyclically Adjusted PB Ratio falls into.
Aerodrom Nikola Tesla ad 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.
* 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.
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 1.84 mean?
Aerodrom Nikola Tesla ad (XBEL:AERO) has a Cyclically Adjusted PB Ratio of 1.84 as of Sep. 04, 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 Aerodrom Nikola Tesla ad and its competitors. This is near median its historical median of 1.92. Over the past decade, Aerodrom Nikola Tesla ad's Cyclically Adjusted PB Ratio has ranged from 1.42 to 2.37. According to the industry distribution chart, Aerodrom Nikola Tesla ad ranks #473 out of 698 companies in the Transportation industry, placing it in the top 67.8%.
Is Aerodrom Nikola Tesla ad's Cyclically Adjusted PB Ratio too high?
Aerodrom Nikola Tesla ad's current Cyclically Adjusted PB Ratio of 1.84 is near median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 2.37. The Transportation industry median Cyclically Adjusted PB Ratio is 1.29. Aerodrom Nikola Tesla ad's value of 1.84 is 43.2% above this industry median. Based on the distribution chart, Aerodrom Nikola Tesla ad ranks #473 out of 698 companies in the Transportation industry, which is below the industry midpoint. Overall, Aerodrom Nikola Tesla ad has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aerodrom Nikola Tesla ad's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aerodrom Nikola Tesla ad ranks #473 out of 698 companies for Cyclically Adjusted PB Ratio. This places Aerodrom Nikola Tesla ad in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Aerodrom Nikola Tesla ad's value of 1.84 is 43.2% above this benchmark. Historically, Aerodrom Nikola Tesla ad's own Cyclically Adjusted PB Ratio has ranged from 1.42 to 2.37 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.29, Aerodrom Nikola Tesla ad 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 1.29, based on 698 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. Aerodrom Nikola Tesla ad's current Cyclically Adjusted PB Ratio of 1.84 is 43.2% 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 Aerodrom Nikola Tesla ad and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aerodrom Nikola Tesla ad's current Cyclically Adjusted PB Ratio is 1.84, which is near median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aerodrom Nikola Tesla ad stock overvalued right now?
Based on GuruFocus' analysis, Aerodrom Nikola Tesla ad (XBEL:AERO) is currently considered Modestly Undervalued. The stock's GF Value™ is RSD2,508.78, compared to a current price of RSD2,000.00 — trading 20.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is near median its 10-year median of 1.92 and 43.2% above the Transportation industry median of 1.29. Aerodrom Nikola Tesla ad's overall GF Score™ is 82/100 with 5 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 Aerodrom Nikola Tesla ad (XBEL:AERO), the current Cyclically Adjusted PB Ratio is 1.84 as of Sep. 04, 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 Aerodrom Nikola Tesla ad (XBEL:AERO) Overvalued in 2026?
Based on GuruFocus' analysis, Aerodrom Nikola Tesla ad stock appears to be undervalued.
The current stock price of RSD2,000.00 is trading 20.3% below its estimated GF Value™ of RSD2,508.78.
GuruFocus considers Aerodrom Nikola Tesla ad to be Modestly Undervalued.
Key valuation signals for XBEL:AERO:
Cyclically Adjusted PB Ratio: 1.84 (near median its 10-year median of 1.92)
GF Value™: RSD2,508.78 vs. price of RSD2,000.00 (20.3% below fair value)
Industry Position: 43.2% above the Transportation median (#473 of 698)
No single metric tells the full story. See the XBEL:AERO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aerodrom Nikola Tesla ad provides airport services such as aircraft landing, take-off, taxing and parking, and passenger and cargo handling. The group also provides ancillary services and airport complex services, satisfying the needs of service users, and domestic and foreign air carriers.
82GF Score
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