Matson (FRA:68M) Cyclically Adjusted Book per Share: €38.41 (As of Mar. 2026)


FRA:68M Matson Inc FRA:68M
82 GF Score
Price €176.00
GF Value €118.48
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Matson Cyclically Adjusted Book per Share?

Matson FRA:68M -0.56% 82 Cyclically Adjusted Book per Share is €38.41 as of Mar. 2026. GuruFocus rates FRA:68M with a GF Score™ of 82/100 and a GF Value™ of €118.48 (Significantly Overvalued). The stock has 9 warning signs investors should review.

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.

Matson's adjusted book value per share for the three months ended in Mar. 2026 was €78.034. 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 €38.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Matson's average Cyclically Adjusted Book Growth Rate was 23.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 26.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 24.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 Matson was 29.50% per year. The lowest was -6.80% per year. And the median was 1.80% per year.

As of today (2026-07-05), Matson's current stock price is €176.00. Matson's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €38.41. Matson's Cyclically Adjusted PB Ratio of today is 4.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Matson was 7.53. The lowest was 1.20. And the median was 2.95.


Matson  (FRA:68M) 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.

Matson's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=176.00/38.41
=4.58

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Matson was 7.53. The lowest was 1.20. And the median was 2.95.


Be Aware

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


Matson Cyclically Adjusted Book per Share Related Terms


Matson Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Matson'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.

Matson Cyclically Adjusted Book per Share Chart

Matson 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 14.07 20.20 24.81 33.54 36.74

Matson 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 33.70 33.72 35.50 36.74 38.41

FRA:68M vs KEX, ZIM, SBLK: Cyclically Adjusted Book per Share Comparison

For the Marine Shipping subindustry, Matson'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.


Matson Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Matson's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:68M
82GF Score
Matson Inc FRA:68M
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matson 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, Matson'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)
=78.034/330.2130*330.2130
=78.034

Current CPI (Mar. 2026) = 330.2130.

Matson Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.000 241.018 12.331
201609 9.551 241.428 13.063
201612 10.936 241.432 14.957
201703 10.108 243.801 13.691
201706 9.821 244.955 13.239
201709 10.250 246.819 13.713
201712 13.464 246.524 18.035
201803 12.975 249.554 17.169
201806 14.024 251.989 18.377
201809 14.925 252.439 19.523
201812 15.548 251.233 20.436
201903 15.767 254.202 20.482
201906 15.802 256.143 20.372
201909 16.897 256.759 21.731
201912 16.903 256.974 21.720
202003 16.825 258.115 21.525
202006 16.811 257.797 21.533
202009 17.576 260.280 22.298
202012 18.289 260.474 23.186
202103 19.898 264.877 24.806
202106 22.398 271.696 27.222
202109 27.195 274.310 32.737
202112 35.991 278.802 42.628
202203 42.794 287.504 49.151
202206 51.779 296.311 57.703
202209 61.449 296.808 68.365
202212 59.732 296.797 66.457
202303 59.137 301.836 64.697
202306 59.896 305.109 64.824
202309 64.111 307.789 68.782
202312 63.995 306.746 68.891
202403 63.916 312.332 67.575
202406 66.357 314.175 69.744
202409 69.364 315.301 72.645
202412 76.747 315.605 80.299
202503 74.612 319.799 77.042
202506 71.402 322.561 73.096
202509 73.486 324.800 74.711
202512 77.506 324.054 78.979
202603 78.034 330.213 78.034

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 €38.41 mean?
Matson (FRA:68M) has a Cyclically Adjusted Book per Share of €38.41 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 Matson and its competitors.
Is Matson's Cyclically Adjusted Book per Share too high?
Matson's current Cyclically Adjusted Book per Share is €38.41. Overall, Matson has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matson's Cyclically Adjusted Book per Share compare to KEX and ZIM?
Matson's Cyclically Adjusted Book per Share of €38.41 can be compared against companies in the Transportation 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 a Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation 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 Matson and its competitors. Matson's current Cyclically Adjusted Book per Share is €38.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matson stock overvalued right now?
Based on GuruFocus' analysis, Matson (FRA:68M) is currently considered Significantly Overvalued. The stock's GF Value™ is €118.48, compared to a current price of €176.00 — trading 48.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is €38.41. Matson's overall GF Score™ is 82/100 with 9 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 Matson (FRA:68M), the current Cyclically Adjusted Book per Share is €38.41 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 Matson (FRA:68M) Overvalued in 2026?

Based on GuruFocus' analysis, Matson stock appears to be overvalued. The current stock price of €176.00 is trading 48.5% above its estimated GF Value™ of €118.48. GuruFocus considers Matson to be Significantly Overvalued.

Key valuation signals for FRA:68M:

  • Cyclically Adjusted Book per Share: €38.41
  • GF Value™: €118.48 vs. price of €176.00 (48.5% above fair value)
  • GF Score™: 82/100 with 9 warning signs

No single metric tells the full story. See the FRA:68M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matson Business Description

Other Exchanges MATX:USA68M:Germany
Address 1411 Sand Island Parkway, Honolulu, HI, USA, 96819
Matson Inc is engaged in providing ocean transportation and logistics services. The company has two reportable business segments: Ocean Transportation and Logistics. The Ocean Transportation segment provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific. The Logistics segment offers long-haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from the Ocean Transportation segment.
82GF Score

Get the complete analysis for FRA:68M

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

€176.00
Price
€118.48
GF Value