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Air T (AIRT) Cyclically Adjusted PB Ratio : 2.67 (As of Jul. 08, 2025)


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What is Air T Cyclically Adjusted PB Ratio?

As of today (2025-07-08), Air T's current share price is $21.84. Air T's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $8.19. Air T's Cyclically Adjusted PB Ratio for today is 2.67.

The historical rank and industry rank for Air T's Cyclically Adjusted PB Ratio or its related term are showing as below:

AIRT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.26   Max: 4.46
Current: 2.67

During the past years, Air T's highest Cyclically Adjusted PB Ratio was 4.46. The lowest was 1.11. And the median was 2.26.

AIRT's Cyclically Adjusted PB Ratio is ranked worse than
77.76% of 490 companies
in the Conglomerates industry
Industry Median: 0.99 vs AIRT: 2.67

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.

Air T's adjusted book value per share data for the three months ended in Mar. 2025 was $-1.190. 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 $8.19 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air T Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Air T'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.

* Premium members only.

Air T Cyclically Adjusted PB Ratio Chart

Air T Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 2.48 2.67 2.47 2.06

Air T Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.47 2.42 1.87 2.38 2.06

Competitive Comparison of Air T's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Air T'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.


Air T's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Air T's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Air T's Cyclically Adjusted PB Ratio falls into.


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Air T 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.

Air T's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.84/8.19
=2.67

* 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.

Air T's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Air T's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.19/134.9266*134.9266
=-1.190

Current CPI (Mar. 2025) = 134.9266.

Air T Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.086 100.684 10.836
201509 9.075 100.392 12.197
201512 10.097 99.792 13.652
201603 9.618 100.470 12.916
201606 8.790 101.688 11.663
201609 7.992 101.861 10.586
201612 8.276 101.863 10.962
201703 7.495 102.862 9.831
201706 7.817 103.349 10.205
201709 7.883 104.136 10.214
201712 7.810 104.011 10.131
201803 8.195 105.290 10.502
201806 9.128 106.317 11.584
201809 8.707 106.507 11.030
201812 7.667 105.998 9.759
201903 8.029 107.251 10.101
201906 6.614 108.070 8.258
201909 8.705 108.329 10.842
201912 7.686 108.420 9.565
202003 8.330 108.902 10.321
202006 8.154 108.767 10.115
202009 6.828 109.815 8.389
202012 7.265 109.897 8.920
202103 4.762 111.754 5.749
202106 4.766 114.631 5.610
202109 7.584 115.734 8.842
202112 7.003 117.630 8.033
202203 8.588 121.301 9.553
202206 8.426 125.017 9.094
202209 8.013 125.227 8.634
202212 7.571 125.222 8.158
202303 4.224 127.348 4.475
202306 4.023 128.729 4.217
202309 3.510 129.860 3.647
202312 2.443 129.419 2.547
202403 1.719 131.776 1.760
202406 1.494 132.554 1.521
202409 2.549 133.029 2.585
202412 1.865 133.157 1.890
202503 -1.190 134.927 -1.190

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.


Air T  (NAS:AIRT) 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.


Air T Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Air T's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Air T Business Description

Industry
Traded in Other Exchanges
Address
11020 David Taylor Drive, Suite 305, Charlotte, NC, USA, 28262
Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, Commercial jet engines, and parts, Corporate, and Others. The company generates maximum revenue from the Commercial Jet Engines and Parts segment.
Executives
William R Foudray director 19192 POPLAR CIRCLE, EDEN PRAIRIE MN 55347
Raymond E Cabillot director, 10 percent owner 3033 EXCELSIOR BLVD., STE 560, MINNEAPOLIS MN 55416
Peter B. Mcclung director 14101 SOUTHERN ROAD, GRANDVIEW MO 64030
Nicholas John Swenson 10 percent owner 5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Gary S Kohler director 5000 W 36TH STREET, SUITE 115, MINNEAPOLIS MN 55416
Seth G Barkett director 495 WEST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Brett Reynolds officer: CFO 5000 W 36TH STREET, MINNEAPOLIS MN 55416
John A Reeves director 570 BALLYMOTE COURT, MATTHEWS NC 28104
Travis Jacob Swenson director 6016 EDEN PRAIRIE ROAD, MINNETONKA MN 55345
Air T Inc 10 percent owner 11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE NC 28262
Koutsouvas Constantine officer: General Counsel AIR T, INC., 5000 WEST 36TH, SUITE 130, MINNEAPOLIS MN 55416
Biglari Capital Corp. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Sardar Biglari, 10 percent owner C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Lion Fund Ii, L.p. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Andrew Stumpf director 5444 CREEKMONTE DR., OAKLAND TWP MI 48306