Seco/Warwick (FRA:35L) Cyclically Adjusted Book per Share: €0.00 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:35L Seco/Warwick SA FRA:35L
76 GF Score
Price €8.15
GF Value €7.88
! 3 Warning Signs
View Full Analysis

What is Seco/Warwick Cyclically Adjusted Book per Share?

Seco/Warwick FRA:35L 76 Cyclically Adjusted Book per Share is €0.00 as of Mar. 2026. GuruFocus rates FRA:35L with a GF Score™ of 76/100 and a GF Value™ of €7.88. The stock has 3 warning signs investors should review.

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Seco/Warwick's adjusted book value per share for the three months ended in Mar. 2026 was €32.539. 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 €0.00 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Seco/Warwick's average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Seco/Warwick was 8.20% per year. The lowest was 2.20% per year. And the median was 6.40% per year.

As of today (2026-07-27), Seco/Warwick's current stock price is €8.15. Seco/Warwick's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.00. Seco/Warwick's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Seco/Warwick was 1.46. The lowest was 0.53. And the median was 0.77.


Seco/Warwick  (FRA:35L) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Seco/Warwick was 1.46. The lowest was 0.53. And the median was 0.77.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Seco/Warwick Cyclically Adjusted Book per Share Related Terms


Seco/Warwick Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Seco/Warwick's Cyclically Adjusted Book per Share 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.

Seco/Warwick Cyclically Adjusted Book per Share Chart

Seco/Warwick Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Seco/Warwick Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 0.00 0.00 0.00 0.00 0.00

FRA:35L vs GEV, ETN, PH: Cyclically Adjusted Book per Share Comparison

For the Specialty Industrial Machinery subindustry, Seco/Warwick'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.


Seco/Warwick Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Seco/Warwick's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Seco/Warwick's Cyclically Adjusted PB Ratio falls into.


FRA:35L
76GF Score
Seco/Warwick SA FRA:35L
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seco/Warwick Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Seco/Warwick'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)
=32.539/330.2130*330.2130
=32.539

Current CPI (Mar. 2026) = 330.2130.

Seco/Warwick Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.503 241.018 25.351
201609 19.140 241.428 26.179
201612 20.647 241.432 28.239
201703 20.644 243.801 27.961
201706 18.243 244.955 24.593
201709 17.754 246.819 23.753
201712 15.593 246.524 20.886
201803 15.696 249.554 20.769
201806 16.670 251.989 21.845
201809 16.900 252.439 22.107
201812 17.789 251.233 23.381
201903 18.392 254.202 23.892
201906 18.272 256.143 23.556
201909 18.808 256.759 24.189
201912 19.037 256.974 24.463
202003 19.592 258.115 25.065
202006 19.639 257.797 25.156
202009 21.625 260.280 27.435
202012 20.153 260.474 25.549
202103 21.627 264.877 26.962
202106 21.583 271.696 26.231
202109 22.374 274.310 26.934
202112 22.613 278.802 26.783
202203 22.968 287.504 26.380
202206 24.340 296.311 27.125
202209 25.957 296.808 28.878
202212 26.090 296.797 29.027
202303 27.065 301.836 29.610
202306 26.158 305.109 28.310
202309 27.164 307.789 29.143
202312 28.200 306.746 30.357
202403 29.012 312.332 30.673
202406 28.450 314.175 29.902
202409 28.148 315.301 29.479
202412 29.902 315.605 31.286
202503 30.020 319.799 30.998
202506 28.883 322.561 29.568
202509 30.736 324.800 31.248
202512 31.272 324.054 31.866
202603 32.539 330.213 32.539

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €0.00 mean?
Seco/Warwick (FRA:35L) has a Cyclically Adjusted Book per Share of €0.00 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Seco/Warwick and its competitors.
Is Seco/Warwick's Cyclically Adjusted Book per Share too high?
Seco/Warwick's current Cyclically Adjusted Book per Share is €0.00. Overall, Seco/Warwick has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Seco/Warwick's Cyclically Adjusted Book per Share compare to GEV and ETN?
Seco/Warwick's Cyclically Adjusted Book per Share of €0.00 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Industrial Products company?
A good Cyclically Adjusted Book per Share depends on the Industrial Products industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Seco/Warwick and its competitors. Seco/Warwick's current Cyclically Adjusted Book per Share is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seco/Warwick stock overvalued right now?
Seco/Warwick (FRA:35L) has a current Cyclically Adjusted Book per Share of €0.00. The stock's GF Value™ is €7.88, compared to a current price of €8.15 — trading 3.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is €0.00. Seco/Warwick's overall GF Score™ is 76/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Seco/Warwick (FRA:35L), the current Cyclically Adjusted Book per Share is €0.00 as of Mar. 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 Seco/Warwick (FRA:35L) Overvalued in 2026?

Based on GuruFocus' analysis, Seco/Warwick stock appears to be overvalued. The current stock price of €8.15 is trading 3.4% above its estimated GF Value™ of €7.88.

Key valuation signals for FRA:35L:

  • Cyclically Adjusted Book per Share: €0.00
  • GF Value™: €7.88 vs. price of €8.15 (3.4% above fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the FRA:35L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seco/Warwick Business Description

Other Exchanges SWG:Poland
Address 8 Sobieskiego Street, Swiebodzin, POL, 66-200
Seco/Warwick SA is an investment holding company engaged in manufacturing of heat processing equipment. The company's operations are divided into five core business segments: Vacuum furnaces, Melting furnaces, CAB Lines, Aluminium heat treatment systems, and Aftersales services. Geographically, it has operations in the European Union, United States, Commonwealth of Independent States, Asia, and other regions. The Company identifies two main operating geographic segments which are China and Rest of the World. It generates a vast majority of revenues from the rest of the world.
76GF Score

Get the complete analysis for FRA:35L

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

€8.15
Price
€7.88
GF Value