Titanium Transportation Group (FRA:I9V) Cyclically Adjusted Book per Share: €0.98 (As of Sep. 2025)

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:I9V Titanium Transportation Group Inc FRA:I9V
80 GF Score
Price €1.40
GF Value €1.55
! 10 Warning Signs
View Full Analysis

What is Titanium Transportation Group Cyclically Adjusted Book per Share?

Titanium Transportation Group FRA:I9V 80 Cyclically Adjusted Book per Share is €0.98 as of Sep. 2025. GuruFocus rates FRA:I9V with a GF Score™ of 80/100 and a GF Value™ of €1.55. The stock has 10 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.

Titanium Transportation Group's adjusted book value per share for the three months ended in Sep. 2025 was €1.061. 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 €0.98 for the trailing ten years ended in Sep. 2025.

During the past 12 months, Titanium Transportation Group's average Cyclically Adjusted Book Growth Rate was 10.50% 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.

As of today (2026-07-19), Titanium Transportation Group's current stock price is €1.40. Titanium Transportation Group's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was €0.98. Titanium Transportation Group's Cyclically Adjusted PB Ratio of today is 1.43.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Titanium Transportation Group was 2.34. The lowest was 0.76. And the median was 1.47.


Titanium Transportation Group  (FRA:I9V) 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.

Titanium Transportation Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.40/0.98
=1.43

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Titanium Transportation Group was 2.34. The lowest was 0.76. And the median was 1.47.


Be Aware

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


Titanium Transportation Group Cyclically Adjusted Book per Share Related Terms


Titanium Transportation Group Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Titanium Transportation Group'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.

Titanium Transportation Group Cyclically Adjusted Book per Share Chart

Titanium Transportation Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.88 1.00

Titanium Transportation Group Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.95 1.00 1.00 1.02 0.98

FRA:I9V vs FDX, UPS, JBHT: Cyclically Adjusted Book per Share Comparison

For the Integrated Freight & Logistics subindustry, Titanium Transportation 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.


Titanium Transportation Group Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


FRA:I9V
80GF Score
Titanium Transportation Group Inc FRA:I9V
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Titanium Transportation Group 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, Titanium Transportation Group's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book= Book Value per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=1.061/130.2871*130.2871
=1.061

Current CPI (Sep. 2025) = 130.2871.

Titanium Transportation Group Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.628 99.947 0.819
201603 0.635 101.054 0.819
201606 0.662 102.002 0.846
201609 0.655 101.765 0.839
201612 0.689 101.449 0.885
201703 0.681 102.634 0.864
201706 0.659 103.029 0.833
201709 0.673 103.345 0.848
201712 0.597 103.345 0.753
201803 0.585 105.004 0.726
201806 0.649 105.557 0.801
201809 0.676 105.636 0.834
201812 0.696 105.399 0.860
201903 0.716 106.979 0.872
201906 0.729 107.690 0.882
201909 0.759 107.611 0.919
201912 0.763 107.769 0.922
202003 0.738 107.927 0.891
202006 0.764 108.401 0.918
202009 0.796 108.164 0.959
202012 0.822 108.559 0.987
202103 1.098 110.298 1.297
202106 1.114 111.720 1.299
202109 1.109 112.905 1.280
202112 1.157 113.774 1.325
202203 1.299 117.646 1.439
202206 1.448 120.806 1.562
202209 1.582 120.648 1.708
202212 1.513 120.964 1.630
202303 1.527 122.702 1.621
202306 1.591 124.203 1.669
202309 1.618 125.230 1.683
202312 1.596 125.072 1.663
202403 1.605 126.258 1.656
202406 1.561 127.522 1.595
202409 1.485 127.285 1.520
202412 1.183 127.364 1.210
202503 1.091 129.181 1.100
202506 1.083 129.892 1.086
202509 1.061 130.287 1.061

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 €0.98 mean?
Titanium Transportation Group (FRA:I9V) has a Cyclically Adjusted Book per Share of €0.98 as of Sep. 2025. 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 Titanium Transportation Group and its competitors.
Is Titanium Transportation Group's Cyclically Adjusted Book per Share too high?
Titanium Transportation Group's current Cyclically Adjusted Book per Share is €0.98. Overall, Titanium Transportation Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Titanium Transportation Group's Cyclically Adjusted Book per Share compare to FDX and UPS?
Titanium Transportation Group's Cyclically Adjusted Book per Share of €0.98 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 Titanium Transportation Group and its competitors. Titanium Transportation Group's current Cyclically Adjusted Book per Share is €0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titanium Transportation Group stock overvalued right now?
Titanium Transportation Group (FRA:I9V) has a current Cyclically Adjusted Book per Share of €0.98. The stock's GF Value™ is €1.55, compared to a current price of €1.40 — trading 9.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is €0.98. Titanium Transportation Group's overall GF Score™ is 80/100 with 10 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 Titanium Transportation Group (FRA:I9V), the current Cyclically Adjusted Book per Share is €0.98 as of Sep. 2025. 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 Titanium Transportation Group (FRA:I9V) Overvalued in 2026?

Based on GuruFocus' analysis, Titanium Transportation Group stock appears to be undervalued. The current stock price of €1.40 is trading 9.7% below its estimated GF Value™ of €1.55.

Key valuation signals for FRA:I9V:

  • Cyclically Adjusted Book per Share: €0.98
  • GF Value™: €1.55 vs. price of €1.40 (9.7% below fair value)
  • GF Score™: 80/100 with 10 warning signs

No single metric tells the full story. See the FRA:I9V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titanium Transportation Group Business Description

Address 32 Simpson Road, Bolton, ON, CAN, L7E 1G9
Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Majority of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.
80GF Score

Get the complete analysis for FRA:I9V

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

€1.40
Price
€1.55
GF Value