ASTPF (ASTARTA Holding NV) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ASTPF ASTARTA Holding NV ASTPF
70 GF Score
Price $6.13
GF Value $6.03
! 9 Warning Signs
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What is ASTARTA Holding NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASTARTA Holding NV  (OTCPK:ASTPF) 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.


ASTARTA Holding NV Cyclically Adjusted PB Ratio Related Terms


ASTARTA Holding NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ASTARTA Holding 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.

ASTARTA Holding NV Cyclically Adjusted PB Ratio Chart

ASTARTA Holding 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 0.32 0.30 0.30 0.28 0.26

ASTARTA Holding 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 0.27 0.27 0.26 0.26 0.25

ASTPF vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, ASTARTA Holding 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.


ASTARTA Holding NV Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, ASTARTA Holding NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ASTARTA Holding NV's Cyclically Adjusted PB Ratio falls into.


ASTPF
70GF Score
ASTARTA Holding NV ASTPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ASTARTA Holding 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.

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

For example, ASTARTA Holding 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)
=24.548/333.9520*333.9520
=24.548

Current CPI (Jun. 2026) = 333.9520.

ASTARTA Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.226 241.428 18.295
201612 15.264 241.432 21.113
201703 16.582 243.801 22.714
201706 19.164 244.955 26.127
201709 19.490 246.819 26.370
201712 17.278 246.524 23.406
201803 18.039 249.554 24.140
201806 19.866 251.989 26.328
201809 17.357 252.439 22.962
201812 17.202 251.233 22.866
201903 17.306 254.202 22.735
201906 19.645 256.143 25.613
201909 19.782 256.759 25.729
201912 20.259 256.974 26.328
202003 16.363 258.115 21.171
202006 18.217 257.797 23.598
202009 16.610 260.280 21.311
202012 16.978 260.474 21.767
202103 17.517 264.877 22.085
202106 21.593 271.696 26.541
202109 22.629 274.310 27.549
202112 23.220 278.802 27.813
202203 21.656 287.504 25.155
202206 22.659 296.311 25.537
202209 19.750 296.808 22.222
202212 21.532 296.797 24.228
202303 22.170 301.836 24.529
202306 23.354 305.109 25.562
202309 23.572 307.789 25.576
202312 22.633 306.746 24.640
202403 22.593 312.332 24.157
202406 22.757 314.175 24.190
202409 23.631 315.301 25.029
202412 23.251 315.605 24.603
202503 24.110 319.799 25.177
202506 25.113 322.561 26.000
202509 25.392 324.800 26.107
202512 26.563 324.054 27.374
202603 25.242 330.213 25.528
202606 24.548 333.952 24.548

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.

Is ASTARTA Holding NV (ASTPF) Overvalued in 2026?

Based on GuruFocus' analysis, ASTARTA Holding NV stock appears to be overvalued. The current stock price of $6.13 is trading 1.7% above its estimated GF Value™ of $6.03.

Key valuation signals for ASTPF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $6.03 vs. price of $6.13 (1.7% above fair value)
  • GF Score™: 70/100 with 9 warning signs

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


ASTARTA Holding NV Business Description

Other Exchanges AST:PolandZ6J:Germany
Address 1, Lampousas street, Nicosia, CYP, 1095
ASTARTA Holding NV specializes in sugar production, crop growing, soybean processing and cattle farming. Its operations are vertically integrated, with sugar produced mainly using own-grown sugar beet and soybeans processed from in-house grown crops. Its production includes sugar and sugar by-products, grains and oilseeds, soybean crushing products and others. Its segments include production and wholesale distribution of sugar, growing and selling of grain and oilseeds crops, dairy cattle farming, and soybean processing. The agriculture segment generates maximum revenue. Its croplands, sugar and soybean processing plants, and cattle operations are mainly located in the Poltava, Vinnytsia, Khmelnytsky, Ternopil and Kharkiv oblasts of Ukraine, with maximum revenue generated from Ukraine.
70GF Score

Get the complete analysis for ASTPF

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

$6.13
Price
$6.03
GF Value