Yes. The 807 armor rating for the Legendary Hide armor set in the picture below is well above the 567 needed to cap physical damage resistance (without the shield). This was possible with the following build:
100 Light Armor Skill
5 perks in Agile Defender
Custom Fit perk
Matching Set perk
100 Smithing Skill
100 Alchemy Skill
5 perks in Alchemist
Benefactor perk
100 Enchanting Skill
5 perks in Enchanter
Insightful Enchanter perk
Ancient Knowledge power
and the following items crafted from the build above:
116% Fortify Smithing gear
116% Fortify Alchemy gear
130% Fortify Smithing potion