Global Ship Lease (STU:37H) Cyclically Adjusted Book per Share: €35.61 (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.

STU:37H Global Ship Lease Inc STU:37H
79 GF Score
Price €36.00
GF Value €22.37
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Global Ship Lease Cyclically Adjusted Book per Share?

Global Ship Lease STU:37H +0.61% 79 Cyclically Adjusted Book per Share is €35.61 as of Mar. 2026. GuruFocus rates STU:37H with a GF Score™ of 79/100 and a GF Value™ of €22.37 (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.

Global Ship Lease's adjusted book value per share for the three months ended in Mar. 2026 was €45.163. 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 €35.61 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Global Ship Lease's average Cyclically Adjusted Book Growth Rate was -2.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.30% 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 Global Ship Lease was -0.70% per year. The lowest was -4.20% per year. And the median was -2.75% per year.

As of today (2026-07-15), Global Ship Lease's current stock price is €36.00. Global Ship Lease's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €35.61. Global Ship Lease's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Global Ship Lease was 1.02. The lowest was 0.06. And the median was 0.36.


Global Ship Lease  (STU:37H) 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.

Global Ship Lease's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=36.00/35.61
=1.01

* 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 Global Ship Lease was 1.02. The lowest was 0.06. And the median was 0.36.


Be Aware

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


Global Ship Lease Cyclically Adjusted Book per Share Related Terms


Global Ship Lease Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Global Ship Lease'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.

Global Ship Lease Cyclically Adjusted Book per Share Chart

Global Ship Lease 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 38.79 42.70 39.88 39.36 34.09

Global Ship Lease 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 38.51 34.95 34.77 34.09 35.61

STU:37H vs SFL, CCEC, GNK: Cyclically Adjusted Book per Share Comparison

For the Marine Shipping subindustry, Global Ship Lease'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.


Global Ship Lease Cyclically Adjusted PB Ratio vs Transportation Industry

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

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


STU:37H
79GF Score
Global Ship Lease Inc STU:37H
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Ship Lease 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, Global Ship Lease'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)
=45.163/124.8200*124.8200
=45.163

Current CPI (Mar. 2026) = 124.8200.

Global Ship Lease Quarterly Data

Book Value per Share CPI Adj_Book
201606 52.781 100.121 65.802
201609 49.773 99.878 62.202
201612 45.365 100.110 56.563
201703 45.667 100.770 56.566
201706 44.353 101.138 54.738
201709 42.895 100.882 53.074
201712 30.916 100.762 38.297
201803 30.199 100.534 37.494
201806 32.380 102.121 39.577
201809 32.905 101.982 40.274
201812 27.281 101.330 33.605
201903 28.340 101.482 34.857
201906 29.104 101.837 35.672
201909 30.785 101.906 37.707
201912 20.540 102.120 25.106
202003 20.909 101.479 25.718
202006 21.027 100.239 26.183
202009 20.564 99.886 25.697
202012 21.234 99.751 26.570
202103 12.711 99.817 15.895
202106 0.000 101.270 0.000
202109 15.356 102.095 18.774
202112 17.294 104.853 20.587
202203 19.478 108.651 22.377
202206 0.000 113.517 0.000
202209 25.467 114.371 27.794
202212 25.351 112.428 28.145
202303 26.605 113.620 29.228
202306 28.143 115.515 30.410
202309 30.394 116.234 32.639
202312 30.865 116.364 33.108
202403 33.000 117.285 35.120
202406 35.070 118.129 37.057
202409 35.272 119.650 36.796
202412 39.429 119.360 41.233
202503 40.740 120.133 42.330
202506 39.998 121.399 41.125
202509 40.895 121.950 41.857
202512 42.828 122.450 43.657
202603 45.163 124.820 45.163

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 €35.61 mean?
Global Ship Lease (STU:37H) has a Cyclically Adjusted Book per Share of €35.61 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 Global Ship Lease and its competitors.
Is Global Ship Lease's Cyclically Adjusted Book per Share too high?
Global Ship Lease's current Cyclically Adjusted Book per Share is €35.61. Overall, Global Ship Lease has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Ship Lease's Cyclically Adjusted Book per Share compare to SFL and CCEC?
Global Ship Lease's Cyclically Adjusted Book per Share of €35.61 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 Global Ship Lease and its competitors. Global Ship Lease's current Cyclically Adjusted Book per Share is €35.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Ship Lease stock overvalued right now?
Based on GuruFocus' analysis, Global Ship Lease (STU:37H) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.37, compared to a current price of €36.00 — trading 60.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is €35.61. Global Ship Lease's overall GF Score™ is 79/100 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 Global Ship Lease (STU:37H), the current Cyclically Adjusted Book per Share is €35.61 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 Global Ship Lease (STU:37H) Overvalued in 2026?

Based on GuruFocus' analysis, Global Ship Lease stock appears to be overvalued. The current stock price of €36.00 is trading 60.9% above its estimated GF Value™ of €22.37. GuruFocus considers Global Ship Lease to be Significantly Overvalued.

Key valuation signals for STU:37H:

  • Cyclically Adjusted Book per Share: €35.61
  • GF Value™: €22.37 vs. price of €36.00 (60.9% above fair value)
  • GF Score™: 79/100 with 9 warning signs

No single metric tells the full story. See the STU:37H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Global Ship Lease Business Description

Other Exchanges GSLpB.PFD:USAGSL:USA
Address 9 Irodou Attikou Street, Kifisia, Athens, GRC, 14561
Global Ship Lease Inc is a containership owner, leasing ships to container shipping companies under industry-standard, fixed-rate time charters. Its fleet comprises mid-size Post-Panamax, Cypress, and smaller containerships, which tend to serve the faster-growing non-Mainlane and intra-regional trades, collectively representing the majority of the containerized trade volume globally. The company generates revenue from chartering its vessels to liner companies.
79GF Score

Get the complete analysis for STU:37H

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

€36.00
Price
€22.37
GF Value