CF Industries Holdings (STU:C4F) Cyclically Adjusted Book per Share: € (As of Jun. 2026)

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STU:C4F CF Industries Holdings Inc STU:C4F
74 GF Score
Price €107.10
GF Value €105.49
Valuation Fairly Valued
! 4 Warning Signs
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What is CF Industries Holdings Cyclically Adjusted Book per Share?

CF Industries Holdings STU:C4F -4.63% 74 Cyclically Adjusted Book per Share is € as of Jun. 2026. GuruFocus rates STU:C4F with a GF Score™ of 74/100 and a GF Value™ of €105.49 (Fairly Valued). The stock has 4 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.

CF Industries Holdings's adjusted book value per share for the three months ended in Jun. 2026 was €51.466. 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 for the trailing ten years ended in Jun. 2026.

During the past 12 months, CF Industries Holdings's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of CF Industries Holdings was 13.10% per year. The lowest was 4.80% per year. And the median was 6.40% per year.

As of today (2026-09-22), CF Industries Holdings's current stock price is €107.10. CF Industries Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was . CF Industries Holdings's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CF Industries Holdings was 6.20. The lowest was 1.35. And the median was 3.33.


CF Industries Holdings  (STU:C4F) 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 CF Industries Holdings was 6.20. The lowest was 1.35. And the median was 3.33.


Be Aware

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


CF Industries Holdings Cyclically Adjusted Book per Share Related Terms


CF Industries Holdings Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for CF Industries Holdings'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.

CF Industries Holdings Cyclically Adjusted Book per Share Chart

CF Industries Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
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CF Industries Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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STU:C4F vs MOS, SMG, FMC: Cyclically Adjusted Book per Share Comparison

For the Agricultural Inputs subindustry, CF Industries Holdings'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.


CF Industries Holdings Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, CF Industries Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:C4F
74GF Score
CF Industries Holdings Inc STU:C4F
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CF Industries Holdings 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, CF Industries Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=51.466/333.9520*333.9520
=51.466

Current CPI (Jun. 2026) = 333.9520.

CF Industries Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.644 241.428 36.855
201612 26.403 241.432 36.521
201703 25.593 243.801 35.057
201706 24.021 244.955 32.748
201709 22.629 246.819 30.618
201712 23.860 246.524 32.322
201803 23.223 249.554 31.077
201806 23.193 251.989 30.737
201809 22.887 252.439 30.277
201812 22.500 251.233 29.908
201903 22.795 254.202 29.946
201906 23.337 256.143 30.426
201909 23.921 256.759 31.113
201912 23.247 256.974 30.211
202003 23.032 258.115 29.799
202006 23.212 257.797 30.069
202009 21.827 260.280 28.005
202012 21.403 260.474 27.441
202103 22.491 264.877 28.356
202106 23.358 271.696 28.710
202109 22.615 274.310 27.532
202112 25.570 278.802 30.628
202203 29.039 287.504 33.730
202206 35.276 296.311 39.757
202209 36.635 296.808 41.220
202212 37.618 296.797 42.327
202303 38.202 301.836 42.267
202306 40.476 305.109 44.302
202309 41.038 307.789 44.526
202312 40.278 306.746 43.850
202403 40.162 312.332 42.942
202406 41.914 314.175 44.552
202409 39.767 315.301 42.119
202412 43.157 315.605 45.666
202503 41.026 319.799 42.842
202506 41.136 322.561 42.589
202509 41.531 324.800 42.701
202512 43.113 324.054 44.430
202603 46.646 330.213 47.174
202606 51.466 333.952 51.466

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 € mean?
CF Industries Holdings (STU:C4F) has a Cyclically Adjusted Book per Share of € as of Jun. 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 CF Industries Holdings and its competitors.
Is CF Industries Holdings' Cyclically Adjusted Book per Share too high?
CF Industries Holdings' current Cyclically Adjusted Book per Share is €. Overall, CF Industries Holdings has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CF Industries Holdings' Cyclically Adjusted Book per Share compare to MOS and SMG?
CF Industries Holdings' Cyclically Adjusted Book per Share of € can be compared against companies in the Agriculture 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 Agriculture company?
A good Cyclically Adjusted Book per Share depends on the Agriculture 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 CF Industries Holdings and its competitors. CF Industries Holdings's current Cyclically Adjusted Book per Share is €. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CF Industries Holdings stock overvalued right now?
Based on GuruFocus' analysis, CF Industries Holdings (STU:C4F) is currently considered Fairly Valued. The stock's GF Value™ is €105.49, compared to a current price of €107.10 — trading 1.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is €. CF Industries Holdings' overall GF Score™ is 74/100 with 4 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 CF Industries Holdings (STU:C4F), the current Cyclically Adjusted Book per Share is € as of Jun. 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 CF Industries Holdings (STU:C4F) Overvalued in 2026?

Based on GuruFocus' analysis, CF Industries Holdings stock appears to be overvalued. The current stock price of €107.10 is trading 1.5% above its estimated GF Value™ of €105.49. GuruFocus considers CF Industries Holdings to be Fairly Valued.

Key valuation signals for STU:C4F:

  • Cyclically Adjusted Book per Share:
  • GF Value™: €105.49 vs. price of €107.10 (1.5% above fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the STU:C4F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CF Industries Holdings Business Description

Address 2375 Waterview Drive, Northbrook, IL, USA, 60062
CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost US natural gas as its feedstock, making the company one of the lowest-cost nitrogen producers globally. It is also investing in carbon-free blue and green ammonia, which can be used as an alternative fuel to hydrogen or as a means to transport hydrogen.
74GF Score

Get the complete analysis for STU:C4F

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

€107.10
Price
€105.49
GF Value