AFGVF (Agfa-Gevaert NV) Cyclically Adjusted PB Ratio: 0.15 (As of Sep. 03, 2026) — 87% Below Median

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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.

AFGVF Agfa-Gevaert NV AFGVF
18 GF Score
Price $0.57
GF Value $1.14
! 5 Warning Signs
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What is Agfa-Gevaert NV Cyclically Adjusted PB Ratio?

Agfa-Gevaert NV AFGVF 18 Cyclically Adjusted PB Ratio is 0.15 as of Sep. 03, 2026, which is 87% below its 10-year median of 1.12. GuruFocus rates AFGVF with a GF Score™ of 18/100 and a GF Value™ of $1.14. The stock has 5 warning signs investors should review. Among 2,104 Industrial Products companies, Agfa-Gevaert NV ranks better than 97.58% on this metric.

As of today (2026-09-03), Agfa-Gevaert NV's current share price is $0.571. Agfa-Gevaert NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $3.76. Agfa-Gevaert NV's Cyclically Adjusted PB Ratio for today is 0.15.

The historical rank and industry rank for Agfa-Gevaert NV's Cyclically Adjusted PB Ratio or its related term are showing as below:

AFGVF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 1.12   Max: 1.95
Current: 0.17

During the past years, Agfa-Gevaert NV's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 0.13. And the median was 1.12.

AFGVF's Cyclically Adjusted PB Ratio is ranked better than
97.58% of 2104 companies
in the Industrial Products industry
Industry Median: 2.16 vs AFGVF: 0.17

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.

Agfa-Gevaert NV's adjusted book value per share data for the three months ended in Jun. 2026 was $1.712. 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 $3.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agfa-Gevaert NV  (OTCPK:AFGVF) 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.


Agfa-Gevaert NV Cyclically Adjusted PB Ratio Related Terms


Agfa-Gevaert NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Agfa-Gevaert NV'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.

Agfa-Gevaert NV Cyclically Adjusted PB Ratio Chart

Agfa-Gevaert NV 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 1.65 1.11 0.57 0.27 0.18

Agfa-Gevaert NV 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 0.38 0.34 0.18 0.16 0.15

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

For the Specialty Industrial Machinery subindustry, Agfa-Gevaert NV'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.


Agfa-Gevaert NV Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Agfa-Gevaert NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Agfa-Gevaert NV's Cyclically Adjusted PB Ratio falls into.


AFGVF
18GF Score
Agfa-Gevaert NV AFGVF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Agfa-Gevaert NV 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.

Agfa-Gevaert NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.571/3.76
=0.15

* 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.

Agfa-Gevaert NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Agfa-Gevaert NV'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)
=1.712/138.0500*138.0500
=1.712

Current CPI (Jun. 2026) = 138.0500.

Agfa-Gevaert NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.201 102.118 2.975
201612 1.352 102.614 1.819
201703 1.460 103.972 1.939
201706 1.547 103.902 2.055
201709 1.634 104.170 2.165
201712 1.940 104.804 2.555
201803 1.882 105.419 2.465
201806 1.880 106.063 2.447
201809 1.815 106.618 2.350
201812 1.709 107.252 2.200
201903 1.765 107.876 2.259
201906 1.852 107.896 2.370
201909 1.819 107.470 2.337
201912 0.550 108.065 0.703
202003 0.408 108.550 0.519
202006 4.934 108.540 6.275
202009 4.929 108.441 6.275
202012 4.134 108.511 5.259
202103 4.073 109.522 5.134
202106 4.820 110.305 6.032
202109 4.653 111.543 5.759
202112 4.451 114.705 5.357
202203 4.385 118.620 5.103
202206 5.025 120.948 5.736
202209 4.662 124.120 5.185
202212 3.558 126.578 3.880
202303 3.084 126.528 3.365
202306 3.030 125.973 3.320
202309 2.916 127.083 3.168
202312 2.782 128.292 2.994
202403 2.668 130.552 2.821
202406 2.642 130.691 2.791
202409 2.566 130.968 2.705
202412 2.185 132.346 2.279
202503 2.039 134.348 2.095
202506 2.309 133.495 2.388
202509 2.191 133.740 2.262
202512 1.921 135.070 1.963
202603 1.822 136.560 1.842
202606 1.712 138.050 1.712

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 0.15 mean?
Agfa-Gevaert NV (AFGVF) has a Cyclically Adjusted PB Ratio of 0.15 as of Sep. 03, 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 Agfa-Gevaert NV and its competitors. This is 87% below median its historical median of 1.12. Over the past decade, Agfa-Gevaert NV's Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.95. According to the industry distribution chart, Agfa-Gevaert NV ranks #51 out of 2104 companies in the Industrial Products industry, placing it in the top 2.4%.
Is Agfa-Gevaert NV's Cyclically Adjusted PB Ratio too high?
Agfa-Gevaert NV's current Cyclically Adjusted PB Ratio of 0.15 is 87% below median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.95. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.16. Agfa-Gevaert NV's value of 0.15 is 93.1% below this industry median. Based on the distribution chart, Agfa-Gevaert NV ranks #51 out of 2104 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Agfa-Gevaert NV has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Agfa-Gevaert NV's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Agfa-Gevaert NV ranks #51 out of 2104 companies for Cyclically Adjusted PB Ratio. This places Agfa-Gevaert NV in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.16. Agfa-Gevaert NV's value of 0.15 is 93.1% below this benchmark. Historically, Agfa-Gevaert NV's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 1.95 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 2.16, Agfa-Gevaert NV has consistently been below 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 2.16, based on 2,104 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. Agfa-Gevaert NV's current Cyclically Adjusted PB Ratio of 0.15 is 93.1% below 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 Agfa-Gevaert NV and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agfa-Gevaert NV's current Cyclically Adjusted PB Ratio is 0.15, which is 87% below median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agfa-Gevaert NV stock overvalued right now?
Agfa-Gevaert NV (AFGVF) has a current Cyclically Adjusted PB Ratio of 0.15. The stock's GF Value™ is $1.14, compared to a current price of $0.57 — trading 49.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.15, which is 87% below median its 10-year median of 1.12 and 93.1% below the Industrial Products industry median of 2.16. Agfa-Gevaert NV's overall GF Score™ is 18/100 with 5 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 Agfa-Gevaert NV (AFGVF), the current Cyclically Adjusted PB Ratio is 0.15 as of Sep. 03, 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 Agfa-Gevaert NV (AFGVF) Overvalued in 2026?

Based on GuruFocus' analysis, Agfa-Gevaert NV stock appears to be undervalued. The current stock price of $0.57 is trading 49.9% below its estimated GF Value™ of $1.14.

Key valuation signals for AFGVF:

  • Cyclically Adjusted PB Ratio: 0.15 (87% below median its 10-year median of 1.12)
  • GF Value™: $1.14 vs. price of $0.57 (49.9% below fair value)
  • GF Score™: 18/100 with 5 warning signs
  • Industry Position: 93.1% below the Industrial Products median (#51 of 2104)

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


Agfa-Gevaert NV Business Description

Address Septestraat 27, Mortsel, BEL, B-2640
Agfa-Gevaert NV is company in imaging technology. It develops, manufactures and markets analog and digital systems for the healthcare sector, for the printing industry, for the green hydrogen industry and for specific industrial applications. The company operate and report through three business segments HealthCare IT, Industrial Solutions, and Imaging and Chemicals. The company operates in Europe, NAFTA, Latin America and Asia/Oceania/Africa. The majority of revenue comes from Europe.
18GF Score

Get the complete analysis for AFGVF

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

$0.57
Price
$1.14
GF Value