ADRZF (Andritz AG) Cyclically Adjusted PB Ratio: 4.36 (As of Sep. 16, 2026) — 20% Above Median

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ADRZF Andritz AG ADRZF
79 GF Score
Price $94.95
GF Value $68.09
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Andritz AG Cyclically Adjusted PB Ratio?

Andritz AG ADRZF 79 Cyclically Adjusted PB Ratio is 4.36 as of Sep. 16, 2026, which is 20% above its 10-year median of 3.62. GuruFocus rates ADRZF with a GF Score™ of 79/100 and a GF Value™ of $68.09 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,099 Industrial Products companies, Andritz AG ranks worse than 76.37% on this metric.

As of today (2026-09-16), Andritz AG's current share price is $94.95. Andritz AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $21.78. Andritz AG's Cyclically Adjusted PB Ratio for today is 4.36.

The historical rank and industry rank for Andritz AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

ADRZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.38   Med: 3.62   Max: 6.48
Current: 4.34

During the past years, Andritz AG's highest Cyclically Adjusted PB Ratio was 6.48. The lowest was 2.38. And the median was 3.62.

ADRZF's Cyclically Adjusted PB Ratio is ranked worse than
76.37% of 2099 companies
in the Industrial Products industry
Industry Median: 2.08 vs ADRZF: 4.34

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.

Andritz AG's adjusted book value per share data for the three months ended in Jun. 2026 was $28.508. 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 $21.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Andritz AG  (OTCPK:ADRZF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Andritz AG Cyclically Adjusted PB Ratio Related Terms


Andritz AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Andritz AG's Cyclically Adjusted PB Ratio 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.

Andritz AG Cyclically Adjusted PB Ratio Chart

Andritz AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.19 3.27 2.38 2.50 3.35

Andritz AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 3.49 3.46 3.56 3.14 4.10

ADRZF vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Andritz AG'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.


Andritz AG Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


ADRZF
79GF Score
Andritz AG ADRZF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Andritz AG Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Andritz AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=94.95/21.781
=4.36

* 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.

Andritz AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Andritz AG'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)
=28.508/142.7100*142.7100
=28.508

Current CPI (Jun. 2026) = 142.7100.

Andritz AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.527 101.192 19.077
201612 13.892 102.092 19.419
201703 13.161 102.592 18.308
201706 14.271 102.991 19.775
201709 15.064 103.591 20.753
201712 15.749 104.291 21.551
201803 14.510 104.491 19.817
201806 14.266 105.091 19.373
201809 14.540 105.691 19.633
201812 15.066 106.291 20.228
201903 13.389 106.391 17.960
201906 13.517 106.791 18.063
201909 12.323 106.991 16.437
201912 13.708 108.091 18.098
202003 13.162 108.024 17.388
202006 13.745 107.915 18.177
202009 14.027 108.348 18.476
202012 15.480 109.321 20.208
202103 14.572 110.186 18.873
202106 15.962 110.943 20.532
202109 16.443 111.916 20.967
202112 17.969 113.971 22.500
202203 19.168 117.647 23.251
202206 17.581 120.567 20.810
202209 18.162 123.811 20.934
202212 19.798 125.541 22.506
202303 19.137 128.460 21.260
202306 20.584 130.191 22.563
202309 21.339 131.272 23.198
202312 24.022 132.570 25.859
202403 21.958 133.759 23.427
202406 23.191 134.083 24.683
202409 24.545 133.651 26.209
202412 24.201 135.273 25.532
202503 23.478 137.760 24.322
202506 26.133 138.517 26.924
202509 27.580 138.950 28.326
202512 29.431 140.350 29.926
202603 27.302 142.160 27.408
202606 28.508 142.710 28.508

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

What does a Cyclically Adjusted PB Ratio of 4.36 mean?
Andritz AG (ADRZF) has a Cyclically Adjusted PB Ratio of 4.36 as of Sep. 16, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Andritz AG and its competitors. This is 20% above median its historical median of 3.62. Over the past decade, Andritz AG's Cyclically Adjusted PB Ratio has ranged from 2.38 to 6.48. According to the industry distribution chart, Andritz AG ranks #1603 out of 2099 companies in the Industrial Products industry, placing it in the top 76.4%.
Is Andritz AG's Cyclically Adjusted PB Ratio too high?
Andritz AG's current Cyclically Adjusted PB Ratio of 4.36 is 20% above median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 6.48. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Andritz AG's value of 4.36 is 109.6% above this industry median. Based on the distribution chart, Andritz AG ranks #1603 out of 2099 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Andritz AG has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Andritz AG's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Andritz AG ranks #1603 out of 2099 companies for Cyclically Adjusted PB Ratio. This places Andritz AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Andritz AG's value of 4.36 is 109.6% above this benchmark. Historically, Andritz AG's own Cyclically Adjusted PB Ratio has ranged from 2.38 to 6.48 over the past decade. While the company's 10-year median is 3.62 vs. the industry median of 2.08, Andritz AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.08, based on 2,099 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Andritz AG's current Cyclically Adjusted PB Ratio of 4.36 is 109.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Andritz AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Andritz AG's current Cyclically Adjusted PB Ratio is 4.36, which is 20% above median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andritz AG stock overvalued right now?
Based on GuruFocus' analysis, Andritz AG (ADRZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $68.09, compared to a current price of $94.95 — trading 39.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.36, which is 20% above median its 10-year median of 3.62 and 109.6% above the Industrial Products industry median of 2.08. Andritz AG's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Andritz AG (ADRZF), the current Cyclically Adjusted PB Ratio is 4.36 as of Sep. 16, 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 Andritz AG (ADRZF) Overvalued in 2026?

Based on GuruFocus' analysis, Andritz AG stock appears to be overvalued. The current stock price of $94.95 is trading 39.4% above its estimated GF Value™ of $68.09. GuruFocus considers Andritz AG to be Significantly Overvalued.

Key valuation signals for ADRZF:

  • Cyclically Adjusted PB Ratio: 4.36 (20% above median its 10-year median of 3.62)
  • GF Value™: $68.09 vs. price of $94.95 (39.4% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 109.6% above the Industrial Products median (#1603 of 2099)

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


Andritz AG Business Description

Address Stattegger Strasse 18, Graz, AUT, 8045
Andritz AG is a producer of high-technology industrial machinery and operates through four operating segments: ANDRITZ Pulp & Paper provides sustainable technology, automation, and service solutions for the production of all types of pulp, paper, and board; ANDRITZ Metals includes suppliers of technologies, plants, and digital solutions in metal forming, and also includes automation and software solutions, process know-how, and service; ANDRITZ Hydropower includes suppliers of electromechanical equipment and services for hydropower stations; and ANDRITZ Environment & Energy provides sustainable technologies for industries, including green hydrogen, carbon capture, solid/liquid separation, and renewable fuels. It generates the maximum of its revenue from the ANDRITZ Pulp & Paper segment.
79GF Score

Get the complete analysis for ADRZF

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

$94.95
Price
$68.09
GF Value