Amadeus IT Group (XMAD:AMS) Cyclically Adjusted PB Ratio: 4.84 (As of Jul. 14, 2026) — 40% Below Median

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XMAD:AMS Amadeus IT Group SA XMAD:AMS
85 GF Score
Price €49.94
GF Value €78.50
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Amadeus IT Group Cyclically Adjusted PB Ratio?

Amadeus IT Group XMAD:AMS -1.58% 85 Cyclically Adjusted PB Ratio is 4.84 as of Jul. 14, 2026, which is 40% below its 10-year median of 8.09. GuruFocus rates XMAD:AMS with a GF Score™ of 85/100 and a GF Value™ of €78.50 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,598 Software companies, Amadeus IT Group ranks worse than 74.72% on this metric.

As of today (2026-07-14), Amadeus IT Group's current share price is €49.94. Amadeus IT Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €10.32. Amadeus IT Group's Cyclically Adjusted PB Ratio for today is 4.84.

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

XMAD:AMS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.75   Med: 8.09   Max: 20.1
Current: 4.91

During the past years, Amadeus IT Group's highest Cyclically Adjusted PB Ratio was 20.10. The lowest was 4.75. And the median was 8.09.

XMAD:AMS's Cyclically Adjusted PB Ratio is ranked worse than
74.72% of 1598 companies
in the Software industry
Industry Median: 2.325 vs XMAD:AMS: 4.91

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.

Amadeus IT Group's adjusted book value per share data for the three months ended in Mar. 2026 was €11.377. 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 €10.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amadeus IT Group  (XMAD:AMS) 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.


Amadeus IT Group Cyclically Adjusted PB Ratio Related Terms


Amadeus IT Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Amadeus IT Group'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.

Amadeus IT Group Cyclically Adjusted PB Ratio Chart

Amadeus IT Group 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 8.85 6.31 7.62 7.35 6.22

Amadeus IT Group 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 7.42 7.31 6.84 6.22 4.71

XMAD:AMS vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Amadeus IT Group'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.


Amadeus IT Group Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Amadeus IT Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XMAD:AMS
85GF Score
Amadeus IT Group SA XMAD:AMS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amadeus IT Group 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.

Amadeus IT Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.94/10.32
=4.84

* 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.

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

For example, Amadeus IT Group'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)
=11.377/129.8600*129.8600
=11.377

Current CPI (Mar. 2026) = 129.8600.

Amadeus IT Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.678 100.333 7.349
201609 6.152 99.737 8.010
201612 6.256 101.842 7.977
201703 6.803 100.896 8.756
201706 6.705 101.848 8.549
201709 7.185 101.524 9.190
201712 6.004 102.975 7.572
201803 6.617 102.122 8.414
201806 6.747 104.165 8.411
201809 7.363 103.818 9.210
201812 7.375 104.193 9.192
201903 8.154 103.488 10.232
201906 8.127 104.612 10.088
201909 8.943 103.905 11.177
201912 8.776 105.015 10.852
202003 9.038 103.469 11.343
202006 9.624 104.254 11.988
202009 8.959 103.521 11.238
202012 8.317 104.456 10.340
202103 8.301 104.857 10.280
202106 8.101 107.102 9.822
202109 8.173 107.669 9.858
202112 8.325 111.298 9.713
202203 8.618 115.153 9.719
202206 9.439 118.044 10.384
202209 10.247 117.221 11.352
202212 10.191 117.650 11.249
202303 10.677 118.948 11.657
202306 10.538 120.278 11.377
202309 10.687 121.343 11.437
202312 10.176 121.300 10.894
202403 10.384 122.762 10.984
202406 10.417 124.409 10.873
202409 10.977 123.121 11.578
202412 11.600 124.753 12.075
202503 12.482 125.531 12.912
202506 11.968 127.251 12.213
202509 11.669 126.840 11.947
202512 11.264 128.400 11.392
202603 11.377 129.860 11.377

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 4.84 mean?
Amadeus IT Group (XMAD:AMS) has a Cyclically Adjusted PB Ratio of 4.84 as of Jul. 14, 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 Amadeus IT Group and its competitors. This is 40% below median its historical median of 8.09. Over the past decade, Amadeus IT Group's Cyclically Adjusted PB Ratio has ranged from 4.75 to 20.10. According to the industry distribution chart, Amadeus IT Group ranks #1194 out of 1598 companies in the Software industry, placing it in the top 74.7%.
Is Amadeus IT Group's Cyclically Adjusted PB Ratio too high?
Amadeus IT Group's current Cyclically Adjusted PB Ratio of 4.84 is 40% below median its 10-year median of 8.09. Over the past 10 years, this metric has ranged from a low of 4.75 to a high of 20.10. The Software industry median Cyclically Adjusted PB Ratio is 2.33. Amadeus IT Group's value of 4.84 is 108.2% above this industry median. Based on the distribution chart, Amadeus IT Group ranks #1194 out of 1598 companies in the Software industry, which is below the industry midpoint. Overall, Amadeus IT Group has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amadeus IT Group's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Amadeus IT Group ranks #1194 out of 1598 companies for Cyclically Adjusted PB Ratio. This places Amadeus IT Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.33. Amadeus IT Group's value of 4.84 is 108.2% above this benchmark. Historically, Amadeus IT Group's own Cyclically Adjusted PB Ratio has ranged from 4.75 to 20.10 over the past decade. While the company's 10-year median is 8.09 vs. the industry median of 2.33, Amadeus IT Group 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.33, based on 1,598 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. Amadeus IT Group's current Cyclically Adjusted PB Ratio of 4.84 is 108.2% 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 Amadeus IT Group and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amadeus IT Group's current Cyclically Adjusted PB Ratio is 4.84, which is 40% below median its own 10-year median of 8.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amadeus IT Group stock overvalued right now?
Based on GuruFocus' analysis, Amadeus IT Group (XMAD:AMS) is currently considered Significantly Undervalued. The stock's GF Value™ is €78.50, compared to a current price of €49.94 — trading 36.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.84, which is 40% below median its 10-year median of 8.09 and 108.2% above the Software industry median of 2.33. Amadeus IT Group's overall GF Score™ is 85/100 with 3 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 Amadeus IT Group (XMAD:AMS), the current Cyclically Adjusted PB Ratio is 4.84 as of Jul. 14, 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 Amadeus IT Group (XMAD:AMS) Overvalued in 2026?

Based on GuruFocus' analysis, Amadeus IT Group stock appears to be undervalued. The current stock price of €49.94 is trading 36.4% below its estimated GF Value™ of €78.50. GuruFocus considers Amadeus IT Group to be Significantly Undervalued.

Key valuation signals for XMAD:AMS:

  • Cyclically Adjusted PB Ratio: 4.84 (40% below median its 10-year median of 8.09)
  • GF Value™: €78.50 vs. price of €49.94 (36.4% below fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 108.2% above the Software median (#1194 of 1598)

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


Amadeus IT Group Business Description

Address Salvador de Madariaga, 1, Madrid, ESP, 28027
Founded in 1987 by four major European airline carriers (Air France, Lufthansa, Iberia, and SAS), Amadeus became the world's second global distribution system operator, or GDS, after Sabre's development in the 1960s and 1970s. Today, among the top three GDS operators that control nearly 100% of industry sales, Amadeus' 40%-50% market share ranks as the largest. Overall, Amadeus' GDS segment represented 48% of total in 2025. Moreover, the company has an expanding IT solutions division (52% of 2025 revenue) that addresses the airline, airport, rail, hotel, and travel agency markets. Transaction fees, which are tied to volume and not price, account for the bulk of consolidated sales and profits.
85GF Score

Get the complete analysis for XMAD:AMS

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

€49.94
Price
€78.50
GF Value